Detailed Guide On The Funding Pips Trading Challenge

Do you need help finding a properly funded trading account? You're not alone. Traders who want to trade efficiently with a funded trading account often face challenges like finding the right firm, passing prop firm challenges, meeting profit targets, and managing risk. This guide will offer valuable insights into the best-funded trading accounts, including choosing the right firm, meeting profit targets, and managing risk.
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AquaFunded’s funded trading program is a valuable tool to help you achieve your objectives.

What Is Funding Pips?

Funding Pips is a proprietary trading firm officially registered as ANKH PROP – FZCO on August 25, 2022. Based in Dubai, UAE, the firm operates under the leadership of CEO Khaled Ayesh. Funding Pips offers traders various account types, including two-step, one-step, and three-step evaluations. Partnered with a top-tier liquidity provider, they ensure simulated actual market trading conditions. Their headquarters are located at IFZA Business Park in Dubai.

The Philosophy Behind Funding Pips

Funding Pips believes traders experience three crucial career phases: Student, Practitioner, and Master. This firm allows traders to earn significant profits, with account sizes reaching $100,000 and profit splits up to 100%. Traders can work with financial instruments, such as forex pairs, commodities, indices, and cryptocurrencies.

Key Features of Funding Pips Trading Challenge

Evaluation Program Account Rules of Funding Pips

Funding Pips sets specific guidelines for traders in its evaluation program. In Phase 1, you need to hit an 8% profit target, while Phase 2 requires a 5% profit target. Once you get a funded account, there are no profit targets. But be cautious—your daily loss limit is capped at 5%, and the maximum loss is 10%. For funded accounts, a stop-loss must be set for every trade within 30 seconds to avoid automatic closure. You’re allowed two slip-ups, but a third misstep will close your account. The rule resets weekly. Also, don't even think about using martingale or hedging strategies; they're strictly forbidden.

Understanding the Two-step Evaluation

The Two-step Evaluation is designed to find traders who can manage risk effectively, with account sizes ranging from $5,000 to $100,000 and leverage up to 1:100. In Phase 1; your goal is an 8% profit without exceeding a 5% daily loss or 10% overall loss. You need at least three trading days to move on to Phase 2, which has a 5% profit target under the same loss limits. Complete both phases, and you get a funded account with a minimum withdrawal of 1% of the initial balance. Payouts are based on a profit split that ranges from 60% to 100%, depending on how often you withdraw.

Two-step X Evaluation: What You Need to Know

Trading in the Two-step X Evaluation offers up to 1:50 leverage with account sizes from $5,000 to $100,000. Phase 1 sets a 10% profit target with a 4% daily loss and 8% maximum loss. Hit the target over at least three trading days, and you move to Phase 2, which has an 8% profit target. Once you pass both phases, you can access your funded account. Withdrawals require a minimum of 1% profit and a 45% consistency score. You get an 80% profit split on your funded account.

One-step Evaluation: A Swift Path to a Funded Account

In the One-step Evaluation, you aim for a 10% profit target with a 4% daily loss and a 6% maximum loss. You must trade at least three days to qualify for a funded account. Once funded, you can withdraw a minimum of 1% of the starting balance. Your profit split ranges from 80% to 100%, depending on how often you request payouts.

What to Expect in the Three-step Evaluation

This evaluation lets you trade with leverage up to 1:50 and account sizes from $10,000 to $100,000. Each phase has a 5% profit target, a 4% daily loss, and a 6% maximum loss limit. Completing all phases grants you a funded account. You can withdraw at least 1% of the initial balance based on payout frequency, with a profit split between 80% and 100%.

AquaFunded: A Trustworthy Step in Prop Trading

AquaFunded, a Dubai-based funded trading program, allows you to access large capital accounts and earn up to 95% profit splits. Their unique model features easy 8% profit targets and quick bi-weekly payouts, with the first payout option available in just 7 days. Consider AquaFunded's funded trading program to scale your profits with reduced risk.

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Funding Pips Challenge Vs. AquaFunded Challenge

Challenge Structure: The Battle of Steps and Sizes

Regarding challenge structure, AquaFunded offers a diverse range of options. Traders can choose from 1-step, 2-step, 2-step pro, and 3-step challenges. Account sizes range from $25K to $200K, providing ample room for growth. Flexibility is emphasized, allowing traders to use their preferred trading styles and leverage.

On the other hand, Funding Pips keeps it simple with a straightforward evaluation program. The standout feature here is the absence of time limits on trading days. Traders can take their time, trading at their own pace. Account sizes range from $5K to $100K, with a scaling plan that increases account balances by 20% based on performance.

Profit Targets: The Art of Balance

AquaFunded has moderate profit targets, which vary depending on the account size and challenge type. For a 1-phase challenge, traders must reach a 9% profit target without breaking rules. The 2-phase challenge requires an 8% profit target in Phase 1 and a 5% profit target in Phase 2.

Funding Pips allows traders to complete the challenge at their own pace. There are no specific profit targets, which can be a relief for those who prefer flexibility.

Risk Management: The Balancing Act

AquaFunded sets clear drawdown limits between 6% and 8%. These risk parameters ensure traders stay within a controlled environment. Leverage is offered up to 1:100, which can be a double-edged sword.

Funding Pips takes a different approach. No specific drawdown limits allow traders to take on more risk. However, leverage is capped at 1:100, which keeps things in check.

Profit Sharing and Payouts: The Sweet Reward

AquaFunded offers payouts every 14 days, giving traders regular access to their earnings. Their profit split is very competitive, with traders keeping 95% of the profits.

Funding Pips also offers a generous profit-sharing model. Traders can keep up to 80% of the profits, adding weekly payouts to the appeal.

Flexibility: The Freedom to Choose

Funding Pips stands out for its flexibility. Traders have unlimited trading days, allowing them to take their time and trade at their own pace.

AquaFunded, while more structured, allows the use of Expert Advisors and news trading. This adds a layer of flexibility to their challenges, making them a solid choice for traders who prefer a more structured approach while still wanting to use advanced strategies.

5 Tips On How To Pass The Funding Pips Trading Challenge

1. AquaFunded: Your Best Bet for Funded Trading

AquaFunded, based in Dubai, offers a unique trading program with large capital accounts and up to 95% profit splits. The firm provides a competitive edge with its easy 8% profit targets and swift bi-weekly payouts, allowing for the first payout in a week. 

Whether you’re a beginner or slightly experienced, AquaFunded lets you trade with reduced risk using company funds instead of your own. With its UAE base and appealing features, AquaFunded stands out in the crowded prop trading market as a reliable platform for growing your profits.

2. Crafting a Solid Trading Plan

A well-thought-out trading plan is your roadmap to success, especially when facing prop firm tests. This blueprint should include your strategy, entry and exit points, risk management techniques, and trading goals. Brett Steenbarger, a trading psychologist, emphasizes the need for clear and measurable goals, risk tolerance levels, and trading timeframes. He stresses that your plan should match your personality and trading style so you can remain disciplined, even in volatile markets. Document every plan aspect, allowing you to tweak it based on your experiences.

3. Consistency Is Your Secret Weapon

During the challenge, consistency is everything. Stick to your trading plan and resist impulsive trades. Mike Bellafiore, co-founder of SMB Capital, advises traders to avoid hasty decisions and follow their outlined strategies. He points out that consistently applying your trading methods leads to better results and shows prop firms you have the discipline to manage real money.

4. Mastering Risk Management

Managing risks is crucial in proprietary trading. This includes position sizing, setting stop-losses, evaluating your risk-reward ratio, diversifying trades, and controlling emotions. Rayner Teo, a respected trader, recommends never risking more than 1-2% of your capital on any trade. This approach protects your account during losing streaks. He also suggests setting stop-losses and using a favorable risk-reward ratio to ensure long-term profitability and help you succeed in the prop firm challenge.

5. Reflecting on Your Trading Journey

After completing the trading challenge, take time to review your progress. Mark Douglas, author of "Trading in the Zone," highlights the importance of reflection. Evaluate your trades and your emotional responses to them, identifying areas for improvement. Understanding what worked and didn’t and the psychological factors influencing your decisions help refine your strategies for future challenges.

Pros and Cons of Funding Pips

Pros

1. Generous Profit Sharing

Up to 80% of profits go back to traders. You keep most of what you earn, and who doesn’t love that?

2. Kudos for Profit Sharing

You get a pat on the back when you profit. Gratitude feels good, especially when you’ve been grinding.

3. Supportive Community

The help team is solid. You get the backing you need deep in the trading trenches.

4. Capital Scaling Opportunities

You can grow your trading capital. The more you earn, the more they back you. It’s like leveling up in a game.

5. Top-Notch Trader Assistance

The support here is top-tier. They’ve got your back when you need it most.

6. Reputable Broker Partnership

They partner with a licensed broker. You’re less likely to hit any shady business.

7. Effortless Withdrawals

You can take out your earnings weekly. No, you are waiting around forever for your cash.

8. No Trading Restrictions

Feel free to trade however you want—no clamping down on your trading style or approach.

Cons

1. No Free Trial

You have to pay to play. There’s no free trial to test the waters first.

2. Relatively New in Forex

They’re new on the scene—a gamble to see how they hold up long-term.

3. Mixed Feedback

Not everyone’s thrilled. Some have had issues, and reviews are all over the place.

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Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit.

AquaFunded opens doors for traders by providing access to substantial capital accounts. The Dubai-based firm offers a funded trading program with profit targets that don’t require you to be a trading wizard. An 8% profit target clarifies that AquaFunded knows traders need achievable goals. Get paid fast with bi-weekly payouts—or even snag your first payout in seven days. Now that’s putting money where your mouth is. AquaFunded’s model allows traders to use company money instead of risking their own, which is a much more innovative trade method.

Scaling Profits for All Experience Levels

AquaFunded caters to traders of all experience levels. Whether you're a newbie or have only been here for a few years, AquaFunded offers a platform to scale your profits. The firm provides a safety net by allowing traders to use its capital, reducing personal risk. This approach benefits traders financially and helps them build confidence and improve their skills.

Competitive Features in a Crowded Market

In prop trading, AquaFunded stands out in terms of its competitive features. The firm is based in the UAE, which adds to its credibility and appeal. AquaFunded offers a profit split of up to 95%, one of the best in the industry. This allows traders to maximize their earnings while minimizing their risk. The firm’s unique funding model and fast payout system are designed to give traders the support they need to succeed.

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