PIP Traders Funding: Elevating Trader Potential
PIP Traders Funding offers access to over 200 assets, including CFDs in commodities, currencies, cryptocurrencies, and indices. Established in 2023, it provides flexible evaluation models, transparent leadership, and robust security, making it a strong choice for traders.
Pros and Cons
Pros
- One and Two-Phase Evaluation Options
- Up to $1 Million in Virtual Funds
- Perks for Funded Traders
- Transparent Communication
- Leadership is Easily Accessible
Cons
- Strict Trading Rules
- Withdrawal Fees for Crypto Transactions
- Limited Operational History
Recommended For
PIP Traders Funding is an excellent choice for traders seeking flexibility and transparency. With its one- and two-phase evaluations, the platform caters to both novice and experienced traders, offering up to $1 million in virtual funds. The firm stands out for its transparent communication, accessible leadership, and added perks for funded traders. However, strict trading rules may be challenging for some, but these are designed to build discipline and professionalism. The platform provides a wide range of assets, including CFDs in commodities, currencies, cryptocurrencies, and indices, ensuring diverse trading opportunities. PIP Traders Funding is ideal for traders looking for a structured environment to hone their skills and achieve consistency.
Top Features
Comprehensive Tools for Trader Success
PIP Traders Funding offers several standout features designed to support traders in their journey. The firm provides access to life coaches and a dedicated trading floor, which helps foster a supportive environment for personal and professional growth. Traders also benefit from a real-time trading dashboard, offering comprehensive insights into their trading performance. The firm ensures round-the-clock customer support through live chat and email, with 24/7 availability to address any concerns promptly.
Additionally, PIP Traders Funding organizes webinars and live events focusing on trading psychology and personal wellness, helping traders maintain a balanced mindset. These unique features make the platform particularly appealing to those looking for more than just a trading environment but also a space to grow and improve holistically.
Account Types
Flexible Evaluation Accounts
PIP Traders Funding offers two main account types: one-phase and two-phase evaluations. These evaluation accounts are designed to test traders’ skills and strategies before granting access to funded accounts. The one-phase evaluation is ideal for those who want a quicker path to funding, while the two-phase evaluation provides a more structured approach, allowing traders to showcase consistency and discipline over a longer period.
Both account types allow swing trading, including holding positions over the weekend, giving traders more flexibility in their strategies. With spreads starting at 0.0 pips (raw spreads), PIP Traders Funding ensures a cost-effective trading experience. Additionally, copy trading between a trader’s own accounts is permitted, allowing for efficient strategy management across multiple positions.
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Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
No |
|
SEGREGATED ACCOUNT |
No |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
Yes |
Trading Platforms
Advanced Tools for Trading Success
PIP Traders Funding currently offers the DXtrade and TradeLocker trading platforms with powerful risk management tools.
Mobile Trading Apps
Yes, traders can download TradeLocker.
Web Trading Apps
The DXtrade platform and TradeLocker are available via the web, providing traders with a comprehensive suite of tools directly from their browser. It ensures users have access to the latest features and a smooth trading experience.
Desktop Trading Apps
At this time, PIP Traders Funding does not offer a desktop trading app. All trading activities are performed through the web-based DXtrade platform.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
No |
|
CTRADER |
No |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Pricing
Transparent and Competitive Pricing
PIP Traders Funding offers competitive pricing for its trading services, ensuring that traders are not burdened with excessive fees. The fee structure is clear and straightforward, making it a viable option for both new and experienced traders.
Account Minimum
The minimum account size is $10,000 for all funded accounts.
Trading Fees
There is a trading fee of $7.00 per lot on currency pairs (forex), which is the only trading-related fee charged.
CFD Fees
CFD trading incurs the same $7.00 per lot fee on currency pairs.
Forex Fees
A $7.00 per lot fee is charged for forex trades, offering transparency across all currency trading activities.
Futures Fees
PIP Traders Funding does not offer futures trading, so there are no fees associated with this.
Account Fee
There are no account fees charged to traders.
Inactivity Fee
No inactivity fees are applied to any account.
Withdrawal Fee
Bank transfers have a fixed fee, while cryptocurrency withdrawals are charged a percentage based on the withdrawal amount.
Overnight Funding Fee
Some CFDs incur swap rates, which are displayed on the trading platform.
Currency Conversion Fee
There are no currency conversion fees charged.
Guaranteed Stop Order Fee
PIP Traders Funding does not charge any guaranteed stop order fees.
Service Details
24/7 Support for Every Trader
PIP Traders Funding provides exceptional customer support, available 24/7 to assist traders at any time. The firm offers a blend of live representatives and AI-powered assistance through its live chat feature, ensuring prompt responses to any inquiries. In addition, traders can reach out via email, with a commitment from the support team to respond within 24 hours. This round-the-clock availability makes PIP Traders Funding a reliable choice for traders who may need assistance across different time zones. The firm also maintains a private Discord channel for its funded traders, enabling seamless communication and community engagement. Whether through chat, email, or Discord, PIP Traders Funding ensures that traders are always supported throughout their trading journey.
Reliability & Security
Is PIP Traders Funding Legit and Safe?
PIP Traders Funding ensures a safe and secure trading experience for its users through comprehensive security measures. While the firm is not regulated, which is standard for prop trading companies, it excels in fraud prevention by implementing a Know Your Customer (KYC) verification system. This process confirms client identities through proper documentation, reducing the risk of fraudulent activity.
Client fund security is a top priority, with PIP Traders Funding utilizing 3DS technology and advanced encryption to safeguard transactions. The firm follows industry best practices for data handling and maintains strong financial controls to manage reserves and detect unauthorized transactions. A dedicated security team monitors for cyberattacks and unauthorized access, ensuring a reliable and trustworthy trading environment.
Final Thoughts
PIP Traders Funding stands out as a transparent and flexible prop trading firm, offering traders the opportunity to manage virtual funds of up to $1 million. With unique one- and two-phase evaluations, it caters to both novice and experienced traders, allowing them to develop their skills in a supportive and structured environment. The platform’s transparent communication, accessible leadership, and focus on trader success make it an attractive choice. While the strict trading rules may present challenges for some, they foster discipline and consistency, helping traders improve over time. With diverse trading instruments and a strong focus on security, PIP Traders Funding is a solid choice for those looking to take their trading to the next level.
Contact Info
7 Calle Tabonuco, Suite 105-1272, Guaynabo, PR 00968
App Store
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