FundingPips Challenges – The “Master” Model Explained

FundingPips stands out from many proprietary trading firms by offering several evaluation models instead of a one-size-fits-all challenge. Whether you’re looking for a faster route to a Master Account, greater flexibility, or an instant-funded experience, there’s a funding model designed to match your trading style.

Currently, FundingPips offers five primary challenge types:

1 Step Flex
2 Step Standard
2 Step Flex
2 Step Pro
Zero (Instant Master Account)

Each model has different evaluation requirements, loss limits, reward structures, and trading conditions, allowing traders to choose the program that best fits their goals.

1 Step Flex

1 Step Flex is designed for traders who prefer a simple evaluation with fewer restrictions.

Instead of completing two separate phases, traders only need to pass a single evaluation before progressing to a Master Account. There are no minimum trading days, allowing you to complete the challenge at your own pace while respecting the trading rules.

Best For

• Experienced traders
• Forex traders
• Swing traders
• Traders seeking a faster evaluation

Key Advantages

• Single evaluation phase
• No minimum trading days
• Bi-weekly reward cycle
• Simple evaluation structure
• Available on multiple account sizes

Things to Consider

Although the evaluation is shorter, traders still need to achieve the required profit target while remaining within all risk limits.

2 Step Standard

The 2 Step Standard model follows the classic proprietary trading evaluation that many traders are already familiar with.

The first phase focuses on reaching a higher profit target, while the second phase confirms that your results are consistent before you receive a Master Account.

One of its strongest features is flexible reward options, allowing eligible traders to choose between weekly, bi-weekly, monthly, or on-demand reward structures depending on the account configuration.

Best For

• Conservative traders
• Long-term traders
• Beginners to prop trading
• Traders who value consistency

Key Advantages

• Traditional two-phase evaluation
• Multiple reward cycle options
• High Forex leverage
• Flexible profit target options
• News trading allowed on Master Accounts (subject to restrictions)

Things to Consider

Evaluation accounts of $25,000 and above may be subject to the Profit Concentration Policy, which can affect future reward eligibility if a single trade idea generates an excessive portion of the evaluation profit.

2 Step Flex

2 Step Flex combines the structure of a two-phase evaluation with greater flexibility in how traders receive rewards.

When purchasing the account, traders choose between:

• 85% reward split with no minimum profitable trading days, or
• 95% reward split with a minimum number of profitable days.

This lets traders select the reward model that best matches their trading style.

Best For

• Active traders
• Traders seeking flexible rewards
• Swing traders
• Traders who want a higher reward split

Key Advantages

• Two reward options
• Higher maximum reward potential
• Generous loss limits
• No minimum trading days on the 85% option
• High Forex leverage

Things to Consider

Like the Standard model, larger evaluation accounts are also subject to the Profit Concentration Policy introduced for newer accounts.

2 Step Pro

2 Step Pro is designed for traders who prefer stricter evaluation standards in exchange for a professional funding experience.

The model emphasizes disciplined risk management while maintaining competitive reward opportunities and scaling potential.

Best For

• Professional traders
• Experienced prop traders
• Consistency-focused traders

Key Advantages

• Professional evaluation model
• Flexible scaling opportunities
• High leverage
• Multiple account sizes
• Access to Master Accounts

Things to Consider

As with the other evaluation models, larger accounts are subject to the Profit Concentration Policy, which influences future reward requests rather than the evaluation result itself.

Zero

FundingPips Zero is completely different from the other funding models.

Instead of completing an evaluation, traders receive direct access to a Master Account, making it FundingPips’ instant-funded solution.

Because there is no evaluation phase, the program applies different risk management rules, including a Max Trailing Loss Limit, consistency requirements for rewards, and a bi-weekly reward cycle.

Best For

• Experienced traders
• Traders who want immediate access to a Master Account
• Traders who dislike evaluation challenges

Key Advantages

• No evaluation
• Instant Master Account
• Up to 95% reward split
• Bi-weekly rewards
• Faster access to withdrawals

Things to Consider

Zero uses a different risk model than evaluation accounts, so traders should fully understand the trailing loss limit and reward eligibility requirements before purchasing.

FundingPips Challenge Comparison

Challenge Phases Explained

The journey to funding consists of two evaluation steps followed by the funded stage.

Phase 1: The Student

This is the initial testing ground. Your goal is to prove you can generate profit while managing risk.

• Profit Target: 8%
• Time Limit: Unlimited (Trade stress-free)
• Leverage: 1:100

Phase 2: The Practitioner

The verification stage. The profit target is reduced to verify that your first phase wasn’t just luck.

• Profit Target: 5%
• Time Limit: Unlimited
• Objective: Consistency and risk management.

Phase 3: The Master (Funded)

Congratulations, you are now a funded trader. There are no profit targets here. You trade the firm’s capital and keep 80% to 90% of the profits.

• First Payout: 5 days after your first trade.
• Profit Split: 80% default, scalable to 90%.

Account Sizes & Pricing

FundingPips offers arguably the best pricing in the industry. The $5k account allows beginners to experience prop trading for the price of a takeout meal.

Available Sizes: $5k, $10k, $25k, $50k, $100k.

All accounts come with the same conditions: raw spreads, low commissions, and access to all trading platforms (Match-Trader/cTrader).

Evaluation Criteria & Rules

To pass, you must adhere to the drawdown rules strictly. This is where most traders fail, so pay attention:

• Daily Loss Limit (5%): Calculated based on the higher of your Balance or Equity at the start of the day (00:00 server time). This creates a “buffer” if you are in profit.
• Maximum Trailing Drawdown (10%): The maximum loss trails your highest equity water-mark. Once your equity reaches the initial starting balance + 10%, the drawdown locks at the starting balance and no longer trails.
• Minimum Trading Days: 0 Days. If you hit the target in one trade, you pass immediately.