2-Step Evaluation of FundingPips: A Path to Prop Trading Success
1/17/2025, 5:10:25 PM
The FundingPips 2-step evaluation is the best evaluation in the industry for disciplined traders to join and grow their careers.
FundingPips stands out among prop firms due to its structured approach to hunting skilled traders. The firm’s two-step evaluation program is not a challenge to pass but a well-designed mechanism to judge trading acumen, long-term consistency, and risk management. The article highlights FundingPips' evaluation process, offering insights into how it sets traders up for success.
What is the FundingPips 2-Step Evaluation Process?
The evaluation process, consisting of two phases, is meticulously designed to assure that the traders possess the elements mandatory to handle big accounts, such as strategy, discipline and consistency. Each evaluation step has a peculiar objective that builds upon one another, creating a solid assessment framework.
Step 1: Prove Your Profitability (Student)
The first step’s core objective is consistently generating profit within a controlled risk environment.
Purpose of Step 1:
To hunt for the traders who have the potential to generate profits consistently.
To filter out traders who trade randomly and rely on their luck.
Key Features of Step 1:
Profit Target: The profit target for FundingPips is 8%, while FundingPipsX’s profit target is 10%.
Risk Limits: For FundingPips, the daily loss limit is 5%, and the overall loss limit is 10%. It’s 4% and 8% for FundingPipsX.
Minimum Trading Days: For FundingPips and FundingPipsX, the phase must be completed in three trading days.
Consistency: FundingPips has no consistency rule, while FundingPipsX requires a consistency score of at least 45%.
Pro Tip: Pay attention to risk management rules and avoid overtrading. Focusing on quality over quantity will increase your odds of passing the challenge.
Step 2: Validate Your Consistency (Practitioner)
The second step is to validate your consistency and whether you can replicate the results in a more realistic setting.
Purpose of Step 2:
This was done to ensure that the performance in Step 1 was not a fluke.
To assess how traders handle market uncertainty over extended periods.
Key Features of Step 2:
Similar Risk Parameters: In the second phase, risk limits like daily loss and max drawdown remain the same. The objective is to reinforce the importance of maintaining discipline.
Lower Profit Targets: FundingPips profit target in the second phase is reduced to 5%, while FundingPipsX's target is 8%.
Pro Tip: Treat your Step 2 account like a Master account. This mindset will help you maintain discipline and caution.
What Makes FundingPips’ 2-Step Evaluation Unique?
The 2-step evaluation of FundingPips is unique compared to other prop firms. Here are some features that make it stand out.
No Time Limit: With FundingPips, you do not have to worry about time constraints; you can take as much time as you want to pass these phases.
Balanced Approach: The evaluation process is created with a balance between performance and discipline.
Transparency: FundingPips provides a clear roadmap with no hidden rules, so its transparency is not questioned.
Real-World Preparation: You can sharpen your trading skills with the evaluation process. This experience helps you become a pro trader in live trading.
Unlinking other firms with plenty of complex rules, FundingPips’s 2-step approach is straightforward. It focuses on picking the traders with great trading skills rather than failing them to earn revenue. Hence, it helps traders refine their methods before accessing the master account.
Beyond the Evaluation: The Benefits of Passing
Once you pass the FundingPips evaluation, you unlock multiple opportunities:
Access to Master Account: After passing the evaluation, you can access master accounts worth $5,000 to $100,000. In this phase, you start earning the profits.
Generous Profit Split: FundingPips offers a generous profit split starting from 80%. Hence, whatever profit you make, you keep a significant share.
Scaling: FundingPips provides you with a scaling opportunity to gradually reach a maximum account size of $2 million.
No Personal Risk: Since you do not invest personal funds, you have no financial risk.
What Sets Successful Traders Apart?
FundingPips 2-Step challenge is not only about hitting numbers. It’s about showing a mindset aligned with professional trading. Here’s how:
Psychological Strength
Managing the losses gracefully and sticking to the trade plan separates a successful trader from the rest. Such psychological strength comes with plenty of practice required to train your brain.
Strategic Flexibility
Markets are always uncertain, and trading conditions keep changing. Hence, a successful trader adapts his strategies without losing his edge.
Discipline
A successful trader prioritizes discipline over everything else. Trading strategy comes later; discipline in following risk management principles comes first.
Pro Tip: Identifying your strengths and weaknesses can give you a competitive edge. To improve yourself during your evaluation period, maintain a trade journal.
Tips to Pass the Evaluation
Trade Plan
Carving out an excellent trading plan before starting your evaluation is essential. If you start without a plan, your odds of failing the challenge are very high. Hence, plan on how to achieve results in both phases. Break down the goals into smaller tasks. Then, find out innovative ways to achieve them.
Risk Management
No plan is complete without risk management. Prop firm trading differs from traditional retail trading because prop firms impose strict risk management rules. You need to create the rules for yourself. Abide by those rules to avoid breaching the threshold that pushes you out of the game.
Strategy Development
Find a strategy that works for you. Improve its risk-to-reward ratio. Try to fine-tune your strategy to increase the winning probability.
Take It Seriously
Since evaluation phases come with a small, affordable cost, you should not take them for granted. Take them as seriously as you handle a master account. A casual attitude won’t let you go far in trading.
Conclusion
FundingPips's 2-step evaluation is not just a traditional prop firm evaluation. It is your gateway to professional trading. The firm ensures that only disciplined traders can consistently make profits in a controlled risk environment.
For traders, the evaluation is an opportunity to showcase their talent and get access to master accounts. You can confidently navigate both phases and start a tremendous trading career with a clear trading plan and discipline.
Are you ready to take on the challenge and elevate your trading career? Start your evaluation journey today with FundingPips!
