FP is the New Acronym for Innovation
5/12/2024, 3:52:55 PM
Introducing the 10 Lots Limit per Day Rule at Funding Pips Applies on 1 Step & 3 Step Master Accounts
FP is the New Acronym for Innovation Fed up with vague rules and lack of transparency, the same loop of consistency rules, payout caps and daily profit limits exhausted the traders and blurred the industry. This blog will expand your perspective to the next level.
Funding Pips Knows
At Funding Pips we are always up to date with all the updates, changes, and inquiries taking place in the industry. Our top priority has been and always will be our traders and their best interests. Funding Pips, as a leading company in the industry with its innovative and transparent approaches, is proud to share with you a new step into assisting the industry thrive more.
No Space for Probabilities
Undoubtedly less than 1% of evaluation firms aim to diversify their revenue streams beyond initial sales. Funding Pips, with its transparent approach, noticed clearly that discussions about utilizing trading flows are almost fictional. It does not add up with trading rules that have no capacity for risk managers to operate effectively. Initially, instead of using an innovative and professional approach, companies compete on the basis of risk escalations, turning operations into probability ventures and hubs. Funding Pips is here to turn around the tables of this industry with unique and long-lasting practices.
Prop Competition or Reckless Trading
Props tend to possess immense - high-quality datasets that enable the development of profitable trading strategies. Despite the possession of these datasets, proprietary firms are still struggling, why? Because these strategies are robust! It's a war between props: competition to the top of the pyramid while side looking at the quality of trading data. Meanwhile, traders daydream by executing trades without thorough trading strategies, which also plays an essential role in the collectiveness of poor data quality after countless attempts.
New Era
It's the era of change with Funding Pips. With our new innovative approach, we will enhance our traders' risk management, productivity, and efficiency. We said it before: Funding Pips is here to stay, but only this time, we are adding that Funding Pips is here to restructure the industry!
Introducing the 10 Lots Limit per Day Rule at Funding Pips Applies only on 1 Step & 3 Step Master Accounts
At Funding Pips we are on a continuous mission to transform the trading environment through our relentless efforts to establish a transparent, safe haven for traders. It is with implementing our newest “10-Lot Limit Per Day” rule we aim to empower our traders by promoting fairness.
This rule sets a cap on the number of lots a trader can open in a single day to 10. Exceeding this limit triggers automatic measures: the system will close any trades that exceed the limit and temporarily suspend trading for the remainder of the day. This ensures adherence to the set limits and reduces the risk of excessive trading, all without jeopardizing the trader's challenge.
The lot size counter resets at midnight CET each day, providing traders with a clean slate to operate within the new daily limits. It's crucial to note that breaching this limit does not lead to account termination but is a measure to maintain the integrity of the rule.
Funding Pips is always aiming for the best interest of the trader while nurturing transparency, fairness and empowering trading skills for our traders. Remember from the start we insisted that we are built by traders for traders.
