PIP Traders Funding Review and Analysis
Overview
One of the defining traits of PIP Traders Funding is its emphasis on structure and professionalism. The firm clearly caters to traders who approach markets with discipline and repeatable strategies. With no maximum time limits, both evaluation programs allow traders to move at their own pace — but make no mistake, the rules are strict. The firm imposes clearly defined drawdown limits, volume requirements, and consistency expectations that must be met not only during the evaluation phase but also throughout the funded account phase. These rules are designed to mirror institutional risk controls, which can appeal to traders looking to prepare for real capital management — but they may also frustrate those who prefer more flexibility or short-term trading bursts.
The firm’s infrastructure is built around its partnership with Eightcap, a well-known and regulated Australian broker. This adds credibility to PIP Traders Funding's operations and offers traders access to a broad range of markets including major and minor forex pairs, global indices, commodities, precious metals, and cryptocurrencies. Trading is done through the DXTrade platform, which has grown in popularity among prop firms due to its web-based interface, smooth execution, and broker-level customization. However, traders used to the MetaTrader environment may experience a learning curve and will have to adjust to a different layout and functionality.
With a commitment to transparency and trader development, PIP Traders Funding offers a range of evaluation challenges designed to identify and fund skilled traders. The firm provides access to various asset classes, including Forex, Commodities, Indices, and Cryptocurrencies, with leverage up to 1:100.
Traders benefit from a straightforward evaluation process, clear profit targets, and defined drawdown limits, all aimed at fostering disciplined and consistent trading practices.
Funded Accounts
How to Sign Up with PIP Traders Funding
Signing up with PIP Traders Funding involves selecting a suitable evaluation challenge, completing the registration process, and adhering to the firm's trading rules. The firm offers various account sizes and evaluation steps to cater to different trader preferences.
Payment methods include Credit Cards, Debit Cards, and Cryptocurrencies, providing flexibility for traders worldwide. Once the evaluation is successfully completed, traders receive funded accounts with profit splits starting at 70% and scaling up to 90% based on performance.
Challenge Overview
PIP Traders Funding offers both 1-Step and 2-Step Evaluation Challenges, each with specific profit targets and drawdown limits:
1-Step Evaluation
- Profit Target: 8%
- Max Daily Loss: 5% (based on equity and calculated on EOD balance/equity)
- Max Total Drawdown: 8%
- Minimum Trading Days: 5
- Leverage: Currencies 1:100, Indices 1:20, Crypto 1:2, Commodities 1:100
- Payout Frequency: Bi-weekly; first request after 30 days, then every 15 days
2-Step Evaluation
Details for the 2-Step Evaluation are similar, with adjusted profit targets and drawdown limits to accommodate a phased evaluation process.
These challenges are designed to assess a trader's consistency and risk management skills, with clear guidelines to ensure a fair evaluation.
PIP Traders Funding Challenges
| Challenge | Price | Account Size | Steps | Profit target | Profit Split | Max Daily Loss |
|---|
| 10,000 2 Step Evaluation | $100 | $10K | 2 | 10% / 5% | 90% | 5% |
| 25,000 2 Step Evaluation | $197.6 | $25K | 2 | 10% / 5% | 90% | 5% |
| 100,000 2 Step Evaluation | $478.4 | $100K | 2 | 10% / 5% | 90% | 5% |
| 200,000 2 Step Evaluation | $799.2 | $200K | 2 | 10% / 5% | 90% | 5% |
| 10,000 1 Step Evaluation | $149.6 | $10K | 1 | 8% | 90% | 5% |
| 25,000 1 Step Evaluation | $295.2 | $25K | 1 | 8% | 90% | 5% |
| 100,000 1 Step Evaluation | $719.2 | $100K | 1 | 8% | 90% | 5% |
| 200,000 1 Step Evaluation | $1397.6 | $200K | 1 | 8% | 90% | 5% |
Pros and Cons
PIP Traders Funding offers several advantages and some considerations for traders:
Pros:
- Transparent evaluation process with clear rules
- High profit splits, scaling up to 90%
- Support for multiple asset classes
- Flexible payment methods, including cryptocurrencies
- Allows use of Expert Advisors (EAs) and copy trading
Cons:
- No refund of evaluation fees
- News trading restrictions during funded phase (4-minute window)
- No balance scaling options
Evaluation Metrics
Overall metrics
- Challenge difficulty: Moderate – achievable profit targets with defined drawdown limits
- Customer support: Available Monday to Friday, 8:00 am - 10:00 pm EST via email, Discord, and live chat
- Fee: Competitive evaluation fees with no refund policy
- Payout scheme: Bi-weekly payouts with profit splits starting at 70%, increasing to 90% based on performance
Meet the CEO
PIP Traders Funding was founded by traders Jonathan Vergara, Abel Acosta, and Gerard Lebron, based in Puerto Rico and the United States. Their vision is to provide real opportunities to traders through a transparent and structured proprietary trading model.
Frequently Asked Questions (FAQs):
What platform does PIP Traders Funding use?
Is there a time limit on completing evaluations?
Can I use EAs or copy trading?
Are evaluation fees refundable?
No, all evaluation fees are non-refundable.
When can I request my first payout?
After 30 days, then bi-weekly.
How trusted is PIP Traders Funding?
The trusted source of information on fintech matters SBO, gave PIP Traders Funding a 3/ 5.00 rating based on analysing 20+ criteria and testing. PIP Traders Funding is currently in 23rd place in this ranking. FunderPro is currently rank as the number one.
What is the PIP Traders Funding fee?
Fees vary by account size and challenge type.
Does PIP Traders Funding offer coupons for customers?
Yes, currently, there is one PIP Traders Funding discount coupon tradelockerhub available for customers.
How can I find PIP Traders Funding discount coupons and promo codes?
What is the profit split for PIP Traders Funding?
What is PIP Traders Funding evaluation process?
Offers 1-Step and 2-Step evaluations.
How do I become an PIP Traders Funding Trader?
What is an acceptable max drawdown for PIP Traders Funding?
5% daily / 10% total Maximum Drawdown is the Distance between the highest and lowest points (maximum and minimum peak).
What is PIP Traders Funding Trading Duration / Time restriction?
What is PIP Traders Funding leverage?
What financial instruments can be traded at PIP Traders Funding?
Forex, Crypto, Indices, Stocks
Can I trade news at PIP Traders Funding?
Can I hold trades overnight or over the weekend?
