PIP Traders Funding prop firm offers funded account challenges ranging from 10k to 200k USD with a scaling plan of up to 1 million dollars. The profit sharing is 70%, which is not as attractive as many firms offer higher payouts. The firm lacks multilingual support, and there are serious safety issues.
In this PIP Traders Funding review, we will assess the firm’s safety, rules, funding options, assets, platforms, support, and more.
Pros & cons of PIP Traders Funding prop firm
Pros
- No fees for withdrawals
- Allows trading in Forex, indices, commodities, and cryptocurrencies
- Offers up to $1 million in virtual funding with potential 90% profit sharing with a scaling plan
- Live chat and email support provided
- No phone support, no multilingual support, and only a basic FAQ section
Cons
- Lacks safety, lacks experience, trader reviews are scarce, and the firm only offers simulated or demo accounts
- Does not offer access to advanced trading platforms like MT4 and MT5
- Expensive one-time fees
- Lacks webinars, guides, or courses for traders
Safety of PIP Traders Funding – 0
PIP Traders Funding reviews are lacking on the FPA platform, as there are no reviews left by traders. The firm has only 20 reviews on Trustpilot, which is also very low. We can not define what traders think about the firm as there are not enough reviews, and the firm loses points in this criteria of safety. When it comes to experience, the firm was launched in 2023, giving very scarce experience in the prop trading industry. When it comes to brokers, the firm’s funded challenges are not backed by regulated brokers, which is yet another downside and direct red flag.
The firm gets a 0 score in this section for lacking all crucial safety aspects that are critical for safe prop trading.
PIP Traders Funding Funding and maximum capital allocation – 3
PIP Traders Funding funded programs are two 1-step challenge and 2-step evaluation accounts. Both challenge types provide the same funding options list. The exact PIP Traders funding options include 10k, 25k, 100k, and 200k USD amounts. There are no 50k or 5k USD challenges, which is a downside. With the starting funded amount being $10,000, the firm is not suitable for beginners.
PIP Traders Funding challenges require traders to meet strict targets, such as a 10% profit target; 1-step accounts require them, while 2-step accounts require traders to achieve a profit target twice.
PIP Traders Funding The scaling plan is active and allows traders to increase maximum funding up to 1 million USD in virtual funding and get a 90% profit share.
Overall, the firm gets a 3 score in this section for offering a mediocre experience with funding options.
PIP Traders Funding FX Capital Funding Assets – 2.5
PIP Traders Funding prop trading is possible by speculating on a number of markets, such as Forex pairs, indices, commodities, and cryptos. Leverages are different for each asset type, including forex: 1:100, indices: 1:10, commodities: 1:100, and cryptos: 1:2.
Overall, the firm gets a 2.5 score in this section as it lacks any other assets, such as futures or stocks.
PIP Traders Funding Trading rules and limitations – 1.1
PIP Traders Funding rules are sometimes strict, especially for 1-step challenges. The firm requires traders to hit profit targets and maintain strict risk control. Let’s consider each of the account’s rules.
The 1-step PIP Traders Funding rules include the following:
- Profit target – 8%
- Daily loss limit – 5%
- Maximum drawdown – 8%
- Minimum trading days – 5
- Profit split – 70%
- News trading – No
- Overnight holding – Yes
- Weekend holding – Yes
The 2-step PIP Traders Funding rules include the following:
- Profit target – 10% (phase 1), 5% (phase 2)
- Daily loss limit – 5%
- Maximum drawdown – 10%
- Minimum trading days – 5
- Profit split – 70%
- News trading – No
- Overnight holding – Yes
- Weekend holding – Yes
As we can see, the firm offers mediocre experience when it comes to rules and does not allow news trading. The profit target is high at 10%.
The firm gets a 1.2 score in this section for a mediocre experience.
PIP Traders Funding Fees – 1.5
The fees are expensive at PIP Traders Funding as the firm offers funded challenges from 10k USD. 2-step challenges require the following fees: 125 USD, 247 USD, 598 USD, and 999 USD on 10k, 25k, 100k, and 200k USD challenges. The fees for 1-step challenges are also one-time and include 187 USD, 368 USD, 899 USD, and 1,747 USD.
PIP Traders Funding free trial is not available, and traders have to purchase accounts to test trading conditions, which is not suitable for beginners.
PIP Traders Funding free repeat is not offered, further requiring traders to pay fees again to start over in case theory fails the challenge.
Overall, the firm has expensive one-time fees for its funded accounts and receives a 1.5 score in this section.
PIP Traders Funding Platforms – 1.5
The firm offers access to two advanced trading platforms that were designed for prop trading, DXTrade, and Trade Locker. Despite being advanced, these platforms still lack support for custom indicators and automated trading robots, which is a downside. There are no advanced platforms offered like MT4 or MT5.
Overall, the firm receives a 1.5 score in this section.
PIP Traders Funding Profit-Sharing – 1
PIP Traders Funding profit split starts low at 70%. Traders can only increase to up to 90% by activating the scaling plan, which requires consistently profitable trading. Withdrawals are paid out twice per month, which is also slow.
The firm gets a 1 score in this section for not offering higher than 70% profit sharing on default.
Education and trading tools at PIP Traders Funding – 0
The firm offers events from time to time, but overall there are no educational resources provided. There are no webinars, video guides, or trading courses, which is a big downside. The lack of a trading blog only further adds to the list of issues with this firm.
Overall, the firm gets a 0 score in this section for not offering any educational resources at all.
Customer Support at PIP Traders Funding – 2.4
Customer support at PIP Traders Funding is provided via live chat and email. There is no phone support, which is a red flag. There is a FAQ section for finding quick answers to general questions. The support is not multilingual, and neither is the website. Overall, the firm gets a 2.4 score in this section.
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