The evaluation fee is fully refundable upon receiving your third payout for the completed account. However, if you fail the evaluation before reaching your third payout, the fee is non-refundable.

The minimum holding time is 3 minutes.

Yes, both in Phase 1, Phase 2 and Phase 3, a minimum of five trading days is necessary to progress successfully. During these days, at least one trade must be placed per day. These trading days do not need to be consecutive, allowing for flexibility in scheduling.

If the profit target is reached before completing the minimum trading days requirement, traders can place 0.01 lot trades to fulfill the remaining days. This ensures the minimum trading days are met, even if the profit target is achieved earlier than expected.

Adhering to this minimum requirement allows traders to demonstrate consistency and active participation in the trading process, essential for advancing successfully through the evaluation phases.

At Pips Funding, there’s no limit to the number of accounts you can trade. You’re free to purchase and trade multiple evaluations concurrently. Plus, we allow merging funded accounts up to a maximum of $150,000.

Yes, we allow every strategy except:

Hedging

Martingale

Tick scalping

High-frequency trading (HFT)

Arbitrage bots

Reverse arbitrage

Latency arbitrage

Hedge arbitrage

Any emulators

Here’s a breakdown of the key rules and regulations at Pips Funding:

1. Prohibition of Cheating:

Cheating in any form is strictly prohibited.

Traders must avoid using strategies on demo accounts that guarantee risk-free profits, as this does not reflect real trading conditions.

Funded traders should approach trading as if using real money, ensuring fairness and integrity.

2. Avoiding Rule Violations:

Traders must refrain from activities that violate the rules, such as trading on delayed charts or using prohibited techniques like high-frequency trading or arbitrage bots.

These practices disrupt market fairness and provide unfair advantages.

3. Password Security:

Traders are not allowed to change the provided password to access the trading platform.

This ensures account credential security and maintains a fair trading environment.

Prohibited Strategies at Pips Funding

1. High-Frequency Trading (HFT) – Using high-speed algorithms to execute numerous orders within short time frames. HFT can create market volatility and disrupt fairness, which is why it’s prohibited.

2. Grid Trading – Placing buy and sell orders at fixed price intervals above and below the current market price. While this strategy aims to profit from price oscillations, it can lead to significant losses in volatile markets.

3. Trading Delayed Data Feed or Charts – Utilizing outdated or delayed market data for trading decisions, leading to inaccurate analysis and increased risk.

4. Arbitrary Trading – Making trade decisions without solid analysis or adherence to a defined trading plan, leading to erratic performance and losses.

5. Hedging Activities and Gambling – Engaging in hedging activities with other firms or gambling is strictly prohibited.

Policy on Tick Scalping

Pips Funding has implemented restrictions on tick scalping, a trading technique characterized by rapid, high-frequency trades to profit from minor price changes. This practice is regulated due to its potential for market manipulation and disruptive trading behaviors.

Example:

Tick scalpers may utilize automated algorithms to execute numerous trades within a short timeframe, exploiting even the slightest price fluctuations. This can result in unfair advantages, such as front-running other market participants, and can disrupt market liquidity by overwhelming it with rapid orders and cancellations.

Traders should familiarize themselves with these rules to ensure compliance and responsible trading practices, maintaining a fair and professional trading environment for all participants.

The term “Maximum Total Loss” refers to the highest allowable loss in a trading account. At Pips Funding, the maximum total loss permitted is 8%.

Example:

If your trading account has a balance of $150,000, the maximum total loss you can experience without breaching the rules is $12,000. This means your account equity, including any unrealized or floating positions, must not fall below $138,000.

Setting a maximum total loss ensures responsible risk management, preventing significant drawdowns and encouraging a sustainable trading approach.

Absolutely! You can use Expert Advisors (EAs) for trading. We encourage traders to utilize their own EAs, as this allows for the customization of trading strategies to fit individual preferences and styles.

Due to payment processing restrictions, we cannot offer services—including trading and affiliate programs—to persons residing in the following countries and regions:

Burundi

Central African Republic

Congo

Cuba

Crimea

Eritrea

Guinea

Guinea-Bissau

Israel

Kenya

Lebanon

Liberia

Libya

North Korea

Myanmar

Papua New Guinea

Sudan

Somalia

South Sudan

Syria

Russia

United States of America

Vietnam

Vanuatu

Venezuela

Yemen

The Maximum Total Loss is the maximum allowable loss a trader can experience before violating the rules. At Pips Funding, the maximum total loss is set at 6% of the initial account balance.

The Maximum Daily Drawdown represents the highest percentage a trader can lose in a single trading day. At Pips Funding, this limit is set at 3% of the initial account balance.

Example Calculation (for a $150,000 account)

Maximum Total Loss (6%)
Breached if account equity drops below: $141,000

Maximum Daily Drawdown (3%)
Breached if daily loss exceeds: $4,500

These limits promote disciplined risk management, safeguarding capital, and fostering long-term success in trading.