Editor’s Verdict
PIP Traders Funding, a Puerto Rican-based retail prop trading firm founded in 2023, offers the trading platforms of well-known and trusted Australian brokerage Eightcap . Potential traders can choose from numerous evaluation challenges with no time limit and high leverage, setting PIP Traders Funding apart from most competitors. The minimum funded account is $10,000, and the maximum payout ratio is 90%. I conducted this PIP Traders Funding review to determine if prop traders should consider paying for the evaluation. Does PIP Traders Funding offer a competitive trading environment?
Overview
Headquarters | Puerto Rico |
|---|---|
Year Established | 2023 |
Trading Platform(s) | DX Trade |
Minimum Evaluation Fee | $125 |
Profit-share | 70% - 90% |
Daily Loss Limit | 5% |
Maximum Trailing Drawdown | 8% - 10% |
Funded Account Options | 8 |
Minimum Funded Account | $10,000 |
Maximum Funded Account | $200,000 |
PIP Traders Funding offers an evaluation period without time pressure.
I like the partnership with Eightcap, ensuring traders have access to highly competitive trading conditions. The absence of a time limit during the evaluation period eliminates unnecessary time pressure on top of performance pressure.PIP Traders Funding has a volume and a profit consistency requirement for funded traders, which helps to promote responsible trading behavior.
PIP Traders Funding Trustworthiness & Reputation
Trading with a prop firm, an unregulated business, requires traders to ensure that a trusted brokerage handles all accounts and that the prop firm maintains an excellent reputation among its prop traders. PIP Traders Funding relationship with a globally trusted brokerage in Eightcap provides a strong level of confidence and stability.
Is PIP Traders Funding Legit and Safe?
PIP Traders Funding, founded in 2023, lacks much operational history as it is a new firm. It has a 4.3 out of 5.0 rating on Trustpilot based on 15 reviews.
PIP Traders Funding responded fast to a Trustpilot review and is responsive to online comments. I advise traders to consider any negative comments skeptically, as they could come from traders who have failed the paid-for evaluation challenge. Therefore, I cautiously rate them as a prop trading firm interested traders could try to establish a rapport with.
PIP Traders Funding Features
PIP Traders Funding follows best practice established across the prop firm industry, which remains an expanding industry.
The most notable features of PIP Traders Funding are:
- Flexibility to select one-step or two-step evaluation, ensuring traders of varying skill levels can find a program that suits their expertise
- No time limits during the evaluation process.
- A profit target of 8% for the one-step evaluation.
- A profit target of 10 and 5% % for the two-step evaluation.
- A minimum of five trading days during the evaluation.
- Access to the multi-asset, multi-market DX Trade trading platform facilitated by Eightcap. A maximum drawdown between 8% to 10%.
- 70% profit share scalable to 90%.
- A volume and a profit consistency requirement.
- Cryptocurrency or bank withdrawals.
- Forex, cryptocurrency, commodity, and index trading.
- Traders can use EAs.
- Traders can hold positions over the weekend.
- Up to $1,000,000 in total exposure per trader.
Evaluation Fees & Profit-Share
Minimum Evaluation Fee | $125 |
|---|---|
Maximum Evaluation Fee | $1,997 |
Profit-share | 70% - 90% |
The one-time evaluation fee per evaluation depends on the desired funded account size and evaluation type. PIP Traders Funding offers eight evaluation options costing between $125 and $1,997. Please note that traders cannot change the account value once approved, meaning if they qualify on a $10,000 account, they will manage a $10,000 portfolio.
The profit share at PIP Traders Funding starts from 70% and scales to 90%, allowing traders to earn the industry maximum.
The minimum evaluation fee at PIP Traders Funding for a $10,000 account is:
Type of fee | Fee (without discounts) |
One-time evaluation fee | $125 |
Monthly evaluation fee | $0 |
Hold-over-the-weekend | $0 |
Double leverage | Not applicable |
Stop-loss not required at trade entry | Not applicable |
Total fees for a $10,000 account | $125 |
Account Types
PIP Traders Funding has eight account types: four for the one-step evaluation and four for the two-step alternative. The funded account types are $10,000, $25,000, $100,000, and $200,000. Prop traders can have multiple funded accounts, up to a maximum of $1,000,000 total exposure.
All accounts are provided via Eightcap Global which offers access to the DX Trade trading platform.
What are the Trading Rules at PIP Traders Funding?
The PIP Traders Funding evaluation begins after prospective prop traders choose their preferred evaluation account and pay the one-time evaluation fee. There is no time limit, and the profit target is 8% for the one-step evaluation and 10% and 5% for the two-step.
Violating the maximum overall loss rule results in a hard breach and cancellation of the evaluation. Potential prop traders can restart by paying the evaluation fee again.
The trading rules for the PIP Traders Funding evaluation are:
- 8% maximum loss from the starting balance for the one-step evaluation.
- 10% maximum loss from the starting balance for the two-step evaluation.
- 5% daily loss limit.
- A minimum of five trading days.
- No single trade can exceed 50% of profits.
Noteworthy:
- PIP Traders Funding will not grant access to live trading accounts PIP
- It enhances risk management and compliance for PIP Traders Funding.
Recommend removing this section
Trading Platforms
PIP Traders Funding provides traders with access to the powerful, multi-asset, multi-market DX Trade trading platform, provided by Eightcap. This platform is renowned for its robust features, user-friendly interface and TradingView charts.The maximum leverage is 1:100, and traders get raw spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot.
Education
PIP Traders Funding does not offer education, and beginners should never consider prop trading. Funded traders receive a personal life coach service and resources to enhance their physical and mental well-being, a sign of a committed prop trading firm.
Customer Support
Customer Support Methods |  |
|---|---|
Support Hours | Undisclosed |
Website Languages |  |
My PIP Traders Funding review found a live chat feature that initially operates as a chatbot. However, if clients are unable to find the answer they seek, they can directly engage with a live agent. Additionally, a detailed help center with over 35 articles is available to support customers and PIP Traders also offers effective customer support via a support email address found on the website.PIP Traders Funding also encourages traders to join their Discord channel.
How to Get Started with PIP Traders Funding
Interested prop traders can start the evaluation after selecting their desired package and paying the one-time fee.
Minimum Evaluation Fee
The minimum evaluation fee at PIP Traders Funding is $125 for the $10,000 two-step evaluation.
Payment Methods
Withdrawal options |     |
|---|---|
Deposit options | |
PIP Traders Funding supports credit/debit cards and cryptocurrency transactions.
Accepted Countries
PIP Traders Funding does not accept traders from the following countries: Cuba, Iran, North Korea, Myanmar, Russia (or the Crimea, Donetsk, or Luhansk regions of Ukraine), Somalia or Syria.
How to Pay the Evaluation Fee?
Prop traders can pay their evaluation fee via credit/debit cards and cryptocurrencies. PIP Traders Funding only accepts BTC deposits or TRON via Tether-USDT (TRC-20).
The Bottom Line - Is PIP Traders Funding a Good Prop Firm?
I like PIP Traders Funding for offering Eightcap trading platforms, ensuring competitive trading conditions, a maximum profit share of up to 90%, and its personal life coach service and resources to enhance their physical and mental well-being The fee-based evaluation follows established industry standards but does not include time pressure.PIP Traders Funding allows EAs and weekend positions. My PIP Traders Funding review found the trading conditions generous, and I can recommend it to retail prop traders. The PIP Traders Funding evaluation fee depends on the funded account type and evaluation preferences but starts from $125. PIP Traders Funding is a legit registered company in Puerto Rico. Prop traders can request their first payout after 30 days and then after 15 days, but each payout period must feature at least five trading days. PIP Traders Funding has no time limit, and the review lasts until the trader records an 8% profit in the one-step evaluation or 10% and 5% in the two-step evaluation without breaching the trading rules.FAQs
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