FundingPips Launches Labs 247: One-Phase Evaluation with 24/7 Trading and Synthetic Markets

FundingPips has introduced Labs 247, a limited edition of its experimental program that enables continuous trading in synthetic markets. This model utilizes CFDs that replicate the behavior of real assets, allowing for 24/7 execution during both the evaluation phase and the Master account.

Evaluation Structure and Risk Rules

The program features a single-phase evaluation with a 10% profit target. Risk management is defined by a 2% daily loss limit and a 4% static maximum drawdown based on the initial balance. Traders have a six-month window to reach the target, with no minimum trading day requirements or consistency rules.

Costs and Capital Limits

Labs 247 offers four account sizes at the following price points:

• $10,000 account: $66.
• $25,000 account: $170.
• $50,000 account: $270.
• $100,000 account: $499.

There is no activation fee, and users are permitted to hold up to five accounts. This capital allocation is managed separately from the firm's standard model limits.

Profit Management and Prime Account Progression

In the Master account, the profit split is 82% in favor of the trader. Payouts can be requested daily, provided the amount is at least 1% of the account size. After receiving five payouts or accumulating $20,000 in total rewards, traders may be invited to a $50,000 Prime account, at which point the Labs 247 account is closed.

Available Assets and Trading Conditions

Trading is conducted via MetaTrader 5 and includes cryptocurrencies, US stocks, indices (S&P 500, Nasdaq 100), metals, and oil. All instruments feature 1:5 leverage and a 0.1% round-turn commission (0.05% per side).

News Trading Restrictions

There are no news trading restrictions during the evaluation phase. However, Master accounts are prohibited from opening or closing positions five minutes before and after high-impact events. For official speeches, the restriction extends to ten minutes before and after. Positions opened more than five hours prior to the event are exempt from these rules.