Most traders who fail the Funding Pips challenge don’t lack a strategy. They break a risk rule on one bad day. This guide turns Funding Pips’s rules into a concrete plan: which program to choose, how much to risk per trade, and the specific mistakes that fail Funding Pips accounts.
Step 1: Choose the right program
For most traders we recommend the 2 Step Standard, with its 8%/5% targets and static 10% maximum loss. Here are the rules you’ll be working with:
2 Step Standard
| Profit target | 8% (Phase 1), 5% (Phase 2) |
|---|---|
| Daily loss | 5%, from the higher of opening balance or equity; floating P/L counts |
| Maximum loss | 10% of starting balance, static |
| Minimum | 3 trading days per phase |
2 Step Pro
| Profit target | 6% per phase |
|---|---|
| Daily loss | 3% |
| Maximum loss | 6% |
1 Step
| Profit target | 10% |
|---|---|
| Daily loss | 3% |
| Maximum loss | 6% |
Step 2: Size every trade against the limits
On a $100,000 account with a 5% daily limit ($5,000), a 10% maximum loss ($10,000) and a 8% target ($8,000):
| Risk per trade | Risk in $ | Full losses to hit daily limit | Full losses to hit max loss | Wins at 2R needed for target |
|---|---|---|---|---|
| 0.25% | $250 | 20 | 40 | 16 |
| 0.5% | $500 | 10 | 20 | 8 |
| 1% | $1,000 | 5 | 10 | 4 |
At 0.5% risk you can survive a normal losing streak and still reach the target in a reasonable number of winning trades. At 1%, a single bad morning can end the account. Use our position size calculator to turn this into lot sizes.
Step 3: Set personal limits inside Funding Pips’s limits
- Stop for the day after losing half the daily allowance ($2,500).
- Stop after three losing trades in a row, regardless of size.
- Treat the static maximum loss as a buffer that grows with profits, but never plan to use all of it.
- Close or reduce positions before major news unless your plan specifically trades it.
Step 4: Avoid the mistakes that fail Funding Pips accounts
- Picking the weekly reward cycle in a hurry and locking in a 60% split.
- Passing with one big trade and triggering the Profit Concentration Policy.
- Trading restricted news on a Master Account.
Read the full Funding Pips rules explained page before your first trade, especially the banned strategies.
Step 5: A realistic timeline
Aim for steady progress of around 0.5–1% on good days rather than hitting the target quickly. At that pace, a 8% target takes several weeks, and with no time limit, there’s no advantage to rushing. Spreading profits across days also keeps you clear of consistency rules.
Fitting the challenge around South African hours
Most Funding Pips traders in South Africa focus on the London open (09:00 or 10:00 SAST) and the London–New York overlap in the afternoon. Know your daily loss reset time in SAST: firms that reset at 5 PM New York time reset at 23:00 or 00:00 SAST, so avoid carrying large floating losses into it. If you pay the fee in rand by card, it counts toward your single discretionary allowance.
Step 6: After you pass
Complete KYC promptly, re-read the funded-account rules (they can differ from the evaluation), and plan your first payout. Payouts at Funding Pips: Weekly, bi-weekly, monthly or on demand; Processed Tuesdays; often within hours. Request a modest first payout to confirm the process works.
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FAQ
How long does it take to pass the Funding Pips challenge?
It depends on your strategy, but at 0.5–1% on good days a 8% target usually takes several weeks. There is no time limit on the main program.
How much should I risk per trade on Funding Pips?
Most funded traders risk 0.25–0.5% per trade. On a $100,000 account, 0.5% is $500, which allows 10 full losses before the daily limit.
What is the easiest Funding Pips program to pass?
For most traders, the 2 Step Standard, with its 8%/5% targets and static 10% maximum loss.
What fails most Funding Pips challenges?
Picking the weekly reward cycle in a hurry and locking in a 60% split.
Can South Africans take the Funding Pips challenge?
Yes. Funding Pips accepts South African residents; confirm eligibility at checkout.