Prop Trading Firm Funding Pips Unveils cTrader (2024)

FAQs

What happened with funding Pips? ›

The service of Funding Pips was disrupted as its only brokerage partner, Blackbull Markets, has terminated its services. A representative of the broker also confirmed that it was forced to terminate its services to prop trading by MetaQuotes.

The verification can be done via the dashboard (Settings > Verify). Additionally, a notification will be on top of your dashboard to notify you about the verification process. The entire verification and approval process typically takes just a couple of minutes.

Once the trader receives a 'Hot Seat' at the firm, they can trade up to $2 million with on-demand payouts and a monthly bonus. Read more about our Scaling Plan. Request your payouts on a 5 trading days basis with a 80% profit split.

Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.

The Onset of Funding Pips' Troubles

The abrupt suspension of services by Funding Pips on February 14 affected a section of the proprietary trading community, revealing the company's dependence on its brokerage partner, Blackbull Markets, and, subsequently, MetaQuotes' platforms.

Although the Funding Pips' CEO said that it has active US clients, its website now shows the US, the UAE, and Vietnam as three restricted countries.

Subsequently, Funding Pips' CEO, Khaled Ayesh, confirmed that the firm had completely migrated the existing servers and switched the service provider to Match-Trade Technologies, the operator of the Match-Trader platform.

The minimum amount for a payout is 1% of the initial balance, including our split.

The minimum amount for a payout is 1% of the initial balance including our split. A trader is eligible to receive a monthly payout after 30 days of the first executed trade on the Master account, aka Funded account. The first 30 days will have a 50% profit split applied.

How do you convert pips to cash? ›

To convert the value of the pip to U.S. dollars, just multiply the value of the pip by the exchange rate, so the value in U.S. dollars is $10 (8.93 * 1.12). The value of one pip is always different between currency pairs because of differences between the exchange rates of various currencies.

The company is located at Premises NO. 19948-001, IFZA Business Park, DDP Dubai U.A.E . To learn more about Funding Pips and its services, please visit https://fundingpips.com/.

You are allowed to copy trades from your Funding Pips Master Account to other slave accounts.

The elimination of the STOP LOSS rule means that traders at Funding Pips will no longer be bound by predefined stop-loss orders. This empowers traders to make more flexible and strategic decisions about when to exit trades.

While working with Funding Pips and reaching funded status with the Evaluation Program, you will be eligible to receive your first payout after reaching a withdrawal target of 1% and 5 calendar days.

Payouts below 500$ will be processed through crypto USDT TRC20. Payouts above 500$ will be processed via Rise. Rise supports both bank transfer and crypto. The payouts are processed from 10 am to 3 pm Dubai time.