2-Step Standard

Two-phase evaluation: Traders must reach an 8% profit target in Phase 1 (Student Phase) and a 5% profit target in Phase 2 (Practitioner Phase), both with no time limit. On a $5,000 account, this means generating $400 in Phase 1 and $250 in Phase 2 in closed profits while respecting all drawdown rules independently in each phase.
Minimum trading days: At least 3 distinct calendar days with at least one executed trade per day are required in each evaluation phase. This minimum applies separately to Phase 1 and Phase 2 and to each funded payout cycle on the Master account.
Daily loss limit of 5% static: On a $5,000 account, the maximum daily loss is $250. The daily limit is calculated based on the higher of (a) the daily starting balance or (b) current equity at any point during the trading day. The dollar amount stays fixed at 5% of the initial balance throughout both evaluation phases and the funded stage.
Maximum drawdown of 10% static: The total loss limit is fixed at 10% of the initial account balance. On a $5,000 account, the absolute floor is $4,500. Both the daily and maximum drawdown limits are static — they do not trail equity — meaning profits made during the challenge do not tighten the risk parameters at any stage.
Flexible profit split on funded account: The Master account profit split depends on the payout frequency selected. Traders choosing Weekly payouts receive 60% of profits. Bi-Weekly payouts yield 80%. On-Demand payouts offer 90% but require a 35% consistency score, meaning no single trading day can account for more than 35% of total profits in the payout cycle. Monthly payouts offer the maximum 100% split with no consistency requirement.
Payouts every Tuesday: All reward requests are processed on Tuesdays, with funds typically arriving within 1–3 business days. A $10 processing fee applies per transaction, and the minimum withdrawal amount is 1% of the initial account balance including the firm's share, meaning at least $50 on a $5,000 account.
No consistency rule in evaluation: Neither Phase 1 nor Phase 2 imposes any single-day profit cap or consistency restriction. Traders can generate all of their profits on a single session during evaluation and still pass, provided all drawdown rules and minimum trading day requirements are met.
News trading in evaluation: Permitted without restrictions during both evaluation phases. Traders may freely open and close trades around any high-impact news event during Phase 1 and Phase 2 with no profit removal or restrictions.
News trading in funded stage: In the funded Master account, profits from trades opened or closed within 5 minutes before or after a high-impact news event are excluded from the reward calculation for that payout cycle. This restriction does not apply to traders who have selected the On-Demand payout option, who may trade news freely on the funded account. Trades are not breached — only profits from the restricted window are excluded.
EAs and algorithmic trading: Expert Advisors are permitted for trade execution and risk management. Third-party commercial strategy EAs, bots designed specifically to pass evaluations, arbitrage-based EAs, latency exploitation scripts, and high-frequency trading algorithms are strictly prohibited. Copy trading is permitted between the trader's own FundingPips accounts only.
Weekend and overnight holding: Permitted with no restrictions across both evaluation phases and the funded stage, offering full flexibility for swing traders who hold positions through daily rollover and over weekends.
Inactivity rule: At least one trade must be placed within any 30-day window from the moment the first trade is executed. Accounts with no trading activity for 30 consecutive days are closed automatically in both evaluation and funded stages.
Maximum lot size per trade: A per-click lot size limit applies based on account size to prevent single massive positions from instantly consuming drawdown. On a $5,000 account, this limit caps individual position sizes at a level proportional to the account balance, preventing trades that would breach the daily or total drawdown limit in a single adverse move.
Max risk per trade rule on funded accounts: Once in the funded Master stage, no single trade may risk more than a defined percentage of the account balance. This rule does not apply during evaluation phases but activates immediately upon transitioning to the Master account, meaning strategies that allowed wide stops during evaluation may need adjustment.
Static drawdown is both a strength and a pressure: The 10% static drawdown is the most generous limit in the FundingPips lineup, giving $500 of total buffer on a $5,000 account. However, because Phase 1 and Phase 2 each have their own minimum trading day requirements and the account balance carries over between phases, a difficult Phase 1 can leave a trader with reduced remaining drawdown entering Phase 2, requiring conservative management to complete Phase 2 without breaching.
35% consistency rule creates payout strategy decisions: Traders who select On-Demand payouts for the 90% split must manage daily performance carefully. A strong single session generating more than 35% of total accumulated profits blocks the On-Demand payout until further trading normalizes the ratio, creating a hidden operational hurdle for high-variance strategies on the funded account.
Fee refund requires sustained funded performance: The evaluation fee refund is only available after the 4th successful payout on the Master account. Traders who breach the funded account before reaching the 4th payout lose the refund opportunity and must re-evaluate from the beginning, making funded-stage discipline as important as evaluation discipline.