The program as Funding Pips publishes it, then what Backtrex does with it when you put a strategy through.
The program rules
- Phase 1 target
- +8%
- Phase 2 target
- +5%
- Max daily loss
- 5%
- Max overall loss
- 10%
- Drawdown
- Static
- Minimum trading days
- None
- Max days per phase
- No limit
- Daily reset
- Midnight UTC
Rules and fees read on September 23, 2026. This is a dated snapshot, not the current offer from Funding Pips: prop firms change both prices and rules several times a year. Check on fundingpips.com
What one attempt costs
What Funding Pips charges for one attempt, per account size. Every failed attempt is paid for again.
| Account size | Price per attempt |
|---|---|
| $5,000 | $32 |
| $10,000 | $52 |
| $25,000 | $117 |
| $50,000 | $222 |
| $100,000 | $392 |
| $200,000 | $742 |
Fees in USD, read on September 23, 2026. They are billed in that currency whatever your country.
An example: what these rules do to a real strategy
EMA CROSS · EUR/USD · 15m
From Jun 5, 2016 to Jun 5, 2026
- Attempts
- 1
- Fees burned
- $0
- Broke on
- No rule broken
- Max risk it could hold
- ×216
- of the backtest's own position size
The account held for the whole period without ever crossing a loss limit, but the profit target was never reached.
A public strategy from the leaderboard, replayed against the rules above on September 25, 2026. It is not your strategy: to get this verdict on yours, test it in the app.
Does your position size hold the daily limit?
No account and no strategy needed: two numbers you already know are enough.
Above 1.25% per trade, 4 losses on the same day is enough to break the rule.
This only looks at the daily loss rule. Holding it does not clear the program: the overall loss, the profit target and the time limit remain. It is a necessary condition, not a sufficient one.
What Backtrex does with these rules
You test your strategy in the app, on up to ten years of data. Backtrex then replays the resulting trades through this program, starting on the first day of the period tested.
- Whether the strategy would have cleared the phases, or the exact day the account would have burned.
- The breach reason: daily loss, overall loss, or a target never reached.
- How many attempts the period would have taken, and what the failed ones would have cost in fees.
- The largest risk per trade you could hold: above it, one losing trade alone passes the 5% daily loss limit.
The verdict covers the period tested, on closed trades: drawdown inside an open trade is not measured. It is a necessary condition, not a guarantee.
Frequently asked questions
What are the Funding Pips Evaluation 2-Step rules?
Target +8%, then +5%, daily loss capped at 5%, overall loss capped at 10%, static drawdown. Read on September 23, 2026 on fundingpips.com.
How much does one attempt at Funding Pips cost?
From $32 to $742 depending on account size, from $5,000 to $200,000. Fees read on September 23, 2026, billed in USD.
Can a strategy be tested against these rules before paying?
Yes. Backtrex replays your backtest through this program and tells you whether the strategy would have cleared the phases, which day the account would have burned, how many attempts the period tested would have taken and what the failed ones would have cost in fees.
The other programs in the catalogue
The same rules, read the same way, at the other firms in the catalogue.
Daily loss 5%, overall loss 10%
Daily loss 5%, overall loss 10%
Daily loss 2%, overall loss 4%
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