FundingPips Launches New "2 Step Flex" Challenge with Expanded Drawdown
FundingPips Launches New "2 Step Flex" Challenge with Expanded Drawdown
FundingPips has officially announced the launch of its new evaluation model called 2 Step Flex. This program is designed to provide traders with more breathing room and superior flexibility from day one, allowing them to adapt their strategies to an environment with wider limits.
Technical Features of the Flex Model
The new challenge is structured into two evaluation phases before reaching the Master Account. Its main technical specifications include:
- Loss Limits: A 12% maximum total drawdown and a 4% daily loss limit.
- Profit Targets: A 10% target is required for the first phase and 6% for the second phase.
- Leverage: Available up to 1:100 for Forex pairs.
Flexibility and Trading Conditions
Unlike traditional evaluation models, the 2 Step Flex removes common restrictions to facilitate trader management:
- No Time Limit: There is no expiration date to meet the profit targets.
- No Minimum Trading Days: Users can progress to the next phase as soon as the target is reached.
- No Consistency Rules: Greater freedom is granted in execution and position management.
Profit Split and Account Sizes
Traders who pass the evaluation phases will start with an 85% profit split on a bi-weekly basis. There is an option to increase this split up to 95% through available add-ons. The challenge is available for account sizes of $5K, $10K, $25K, $50K, and $100K.
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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.
FundingPips Launches Free September Trading Competition with $5,000 in Cash Prizes
FundingPips has announced the opening of its monthly trading competition for September. The event is free to enter and features a prize pool that includes $5,000 in cash and evaluation accounts valued at a total of $675,000. Participation is limited to the first 50,000 registered spots on a first-come, first-served basis. Competition Details and Prizes Registered participants will receive a $100,000 competition account to trade throughout the month on the Match Trader platform. The top 20 traders on the leaderboard at the end of the period will receive the following rewards: 1st Place: $100,000 evaluation account + $1,500 cash. 2nd Place: $100,000 evaluation account + $1,200 cash. 3rd Place: $100,000 evaluation account + $1,000 cash. 4th Place: $100,000 evaluation account. 5th Place: $50,000 evaluation account. 6th to 10th Place: $25,000 evaluation account. 11th to 20th Place: $10,000 evaluation account. Additional Rewards In addition to the direct ranking prizes, the firm will distribute 13 additional $100 cash prizes. These will be randomly awarded to traders who finish between 4th and 1,000th place on the overall leaderboard. Registration and Conditions Registration is available directly through the FundingPips Dashboard. Each trader is restricted to a single competition account. Access will close once the limit of 50,000 users is reached.
FundingPips Launches Labs: $100K Accounts for $99 and Daily Rewards
FundingPips has officially announced the launch of FundingPips Labs, a dedicated testing environment where the firm will trial new account models directly with its trading community. This initiative aims to validate innovative products before their final implementation on the platform. Experiment 001: $100K Capital for $99 The first experiment is now live, featuring an aggressive offer for users interested in managing large capital with a reduced initial cost: Price: $99 Account Size: $100,000 Special Feature: Daily Rewards Community Feedback and Evaluation The goal of Labs is for traders to act as active testers. The feedback received will determine the fate of each model: whether it is adjusted to improve viability, permanently implemented in the FundingPips catalog, or retired altogether. Upcoming Experiments The firm has confirmed that this is only the beginning of a series of tests, with a second experiment scheduled to launch soon. Traders can access these limited offers through the specific Labs section on the company's website.
