Prop Trading Firm Funding Pips Unveils cTrader (2024)

FAQs

How long does funding Pips payout take? ›

Payouts will be processed within 1-3 working days and the minimum amount for a payout is 1% of the initial balance including our split. Payouts below 500$ will be processed through crypto USDT TRC20.

cTrader is among the platforms launched by Funding Pips to address the evolving regulatory landscape. Funding Pips introduced the cTrader platform to respond to regulatory scrutiny affecting US traders.

The verification can be done via the dashboard -> settings -> verify, there will also be a notification on top of your dashboard notifying you about the verification. The verification and approval just take a couple of minutes. After our partner approves your KYC verification, we'll draft a customer agreement for you.

The 10 lots limit per day rule means you can only open a total of 10 lots each day. If you go over this limit, any open trades will be closed, and you won't be able to trade until the next day.

The disruption of services occurred after Funding Pips' only brokerage partner, Blackbull Markets, terminated its partnership. A Blackbull representative confirmed that MetaQuotes, forced the broker to stop providing services to Funding Pips.

Through our platform, you have the option to withdraw your payout to either your cryptocurrency wallet or bank account. In order to your payout processed with rise, you must first sign up through the invitation sent by Rise to your email , complete the KYC process, and sign the necessary agreement.

The cTrader account offers a 100 USD minimum deposit and tight spreads on 70+ Forex pairs, indices, metals, and energies.

You can trade Forex, Crypto, Indices, Metals & Energies with RAW spreads.

We understand that putting a time limit creates a stressful environment, therefore we have no maximum limit on trading days. Take all the time you need. Scale your way up with us. We increase the account size, Maximum Loss, and Maximum Daily Loss to a 14% Maximum Loss and a 7% Daily Loss limit.

Does funding pips allow copy trading? ›

You are allowed to copy trades from your Funding Pips Master Account to other slave accounts. However, copying trades from another account to the Master account at Funding Pips is not permitted.

A trader can request a bi-weekly payout every 14 calendar days after the first executed trade on the Master account with an 80% profit split applied. A trader can request a monthly payout every 30 calendar days after the first executed trade on the Master account with a 100% profit split applied.

The first rule is called Minimum Trading Days. The Minimum Four Trading Days rule is one of the special Trading Objectives in our Evaluation Process. We have developed this Trading Objective to determine the trader's ability to manage risk seriously.

People keep wondering how do prop firms make money, since Profit generation is a prop firm sole purpose, just like it is for any other business, these businesses make money through a mix of profit-sharing plans, membership fees, and challenge fees.

Applying for PIP is a long process. From the moment you first call the PIP new claims line, it can take anything from three to eight months. After your assessment, there's currently a wait of around 8 to 12 weeks for a decision. If your claim is successful, your PIP may be backdated when you start receiving it.

Your first payout is eligible after 14 days once you earn your funded account or within 7 days if purchased with the weekly payout add-on. You will also have the opportunity to scale your payout percentages with each corresponding payout.

Many entrepreneurs have found it can take as long as six to nine months to complete this process. The process can be seen from start to finish on the image below. This makes it very important to be raising enough at each round to carry you through to funding, and to effectively always be in fundraising mode.

It would be naive to assume that you can pass these challenges overnight. The reality is, for most profitable traders, this will still take between 4-5 months of trading. Once you've passed the trading challenge, you'll be funded!