The Funding Pips evaluation program account is designed to identify and reward proficient and talented traders who consistently demonstrate their trading prowess through a two-phase evaluation process. The evaluation program account offers the opportunity to engage in trading with a leverage ratio of 1:100.

In the initial evaluation phase, traders are required to achieve a profit target of 8%, while ensuring that they do not exceed the stipulated maximum daily loss limit of 5% or the maximum loss limit of 10%. It is important to note that there are no specific minimum or maximum trading day requirements during phase one. Advancing to phase two mandates the attainment of the 8% profit target without transgressing the established daily and maximum loss limits.

Subsequently, in the second evaluation phase, traders are expected to reach a profit target of 5%, adhering to the same maximum daily loss and maximum loss rules. Similar to phase one, there are no prescribed minimum or maximum trading day requirements for phase two. The transition to a funded status necessitates achieving the 5% profit target without breaching the maximum daily or maximum loss limit rules.

Upon successful completion of both evaluation phases, traders are granted a funded account, where a minimum withdrawal amount equivalent to 1% of the initial account balance is permitted. It is imperative to adhere to the 5% maximum daily loss and 10% maximum loss rules in this funded account. The first payout occurs five calendar days after initiating the first position on the funded account, with subsequent payouts also following a 5-day schedule. The profit split varies between 80% and 90%, contingent on the profitability achieved within the funded account.

Moreover, the evaluation program account incorporates a scaling plan. Traders receive account increases, as well as daily and maximum drawdown increases, based on the number of successful payouts they qualify for and the profit accrued while trading within the funded account.

Illustratively, after achieving four successful payouts and a total profit of 10%, a 20% increase relative to the initial account balance is granted, accompanied by an increase in the maximum drawdown to 11%. This scaling process continues with eight successful payouts and a 20% total profit, resulting in a 30% account balance increase, daily drawdown expanding to 6%, and maximum drawdown reaching 12%. Similarly, achieving 12 successful payouts and a 30% total profit earns a 40% increase in the initial account balance, with maximum drawdown increasing to 13%.

Upon achieving 16 successful payouts and a 40% total profit, traders attain the “Hot Seat,” entailing several benefits, such as doubling the initial account balance, personalized support, access to advanced trading tools, on-demand payouts, an increased profit split of up to 90%, potential access to up to $2,000,000 by successfully scaling the account multiple times, customized trading conditions tailored to their unique trading style, daily drawdown increased to 7%, and maximum drawdown extended to 14%. Monthly bonuses are also available, as outlined in the accompanying spreadsheet.

Notably, the evaluation program accounts encompass trading instruments including forex pairs, commodities, indices, and cryptocurrencies.

Lastly, specific rules govern the evaluation program account. The profit target signifies the percentage of profit that traders must attain before completing an evaluation phase, withdrawing profits, or scaling their account. Phase 1 requires an 8% profit target, while phase 2 necessitates a 5% profit target. Funded accounts are not subject to profit targets.

Maximum daily loss represents the highest permissible daily loss traders can incur before breaching the account’s terms, with all account sizes capped at 5% (up to 7% when scaling). The maximum loss sets the upper limit on cumulative losses, with all account sizes restricted to 10% (up to 14% when scaling).

Furthermore, traders are prohibited from employing hedging strategies while trading, and there are potential risks associated with using third-party copy trading services or third-party EAs. These risks include the possibility of exceeding the maximum capital allocation rule, potentially resulting in denial of a funded account or withdrawal.