Funding Pips Rules are particularly around weekend trading, VPS/VPN usage, and Expert Advisors (EAs) use.
Traders in the evaluation phase and funded (Master only) account can hold positions over the weekend, with restrictions like a 5-minute window before and after news trading.
Funding Pips Rules
A set of rules have been established by Funding Pips Prop Firm for traders; Key Areas of Funding Pips Policy:
- Weekend Trading
- VPS/VPN Usage
- Expert Advisors (EAs)
- News Trading
- Prohibited Trading Strategies
Funding Pips Hold Over the Weekend and News Rules
- During Evaluation: Traders are allowed to hold positions over the weekend and even during news events;
- During Funded (Master Only): Trades can be held over the weekend and during news events;
- Profit Exclusion: Profits from trades opened or closed 5 minutes before and after a high-impact news event will not be counted unless the trade was executed 5 hours before the event;
- News Event Restrictions: Trading within the 10-minute window before and after a high-impact news event will lead to profit deductions;
- Breach Responsibility: If any deductions result in the breach of the daily loss limit or maximum loss limit, the trader will be held responsible.
Funding Pips Using a VPS or VPN for Trading
- VPS/VPN Usage: Both the Evaluation Phase and the Master Account allow the use of a VPS or VPN during trading;
- IP Address Change: If the Risk Team detects a change in the IP address region, they will contact the trader for confirmation;
- Proof Requirement: Traders may be asked for proof of VPS/VPN ownership, such as an invoice, or to provide a static IP address that can be whitelisted.
Funding Pips EAs Rules
- Third-Party EA Allowed: Only trade or risk manager Expert Advisors (EAs) are permitted in Funding Pips;
- Prohibited EAs: Using other third-party EAs will lead to evaluation denial, reward loss, and potential account closure.
Funding Pips News Trading Rules
- Forex Factory Guidelines: The firm follows Forex Factory’s red-folder news events as a guideline for trading restrictions;
- New Positions Restricted: Traders are restricted from opening new positions for 6 minutes (3 minutes before and after a news event;)
- Managing Existing Trades: Existing trades, including closing or adjusting stop-losses, can be managed.
Funding Pips Prohibited Strategies
The firm does not permit certain high-risk or market manipulation strategies. Funding Pips Forbidden Strategies:
- Gap trading
- High-frequency trading (HFT)
- Server spamming
- Latency arbitrage
- Toxic trading flow
- Hedging
- Long-short arbitrage
- Reverse arbitrage
- Tick scalping
- Server execution
- Opposite account trading
Conclusion and Final Words
Funding Pips Rules enforce that traders must also provide proof requirements like a static IP address in case of an IP address change.
Violations such as HFT, server spamming, and latency arbitrage are strictly prohibited.
Additionally, Forex Factory guidelines dictate news trading restrictions, including a 6-minute limitation for opening new positions.
For more articles about the firm, check out Funded Pips Tutorials.
