Rules
We cannot accept traders from the following countries:
Cuba, Iran, Lebanon, Syria, North Korea, Libya, Russia, Sudan and, Somalia.
Traders must be at least 18 years of age and able to complete a KYC identity verification once they pass the evaluation stages. These documents may include a driver's license, passport, ID, proof of address, bank statements, utility bills, and more.
We are always looking for incredible partners and value each one highly. We offer one of the highest payouts in the industry, with a generous 15% of your clients' purchase price. To register, click on the affiliate registration link at the top or bottom of our website.
Affiliate link - https://2pipsfx.com/affiliate-area/
3.1 Merging Accounts
Currently, we do not support merging accounts. Each trading account must be traded separately; however, you may use a trade copier within your accounts. Please note that copy trading from a third-party account is strictly prohibited. We will consider allowing merging at a future date.
3.2 Maximum Trading Capital
The maximum capital allocation any trader can manage is $200,000 USD. This can consist of as many accounts as the trader wishes to purchase but cannot sum to more than $200,000. Our system currently has no way to detect or prevent traders from purchasing more than $200,000 in funds, so the responsibility lies with the trader. If you purchase more than $200,000 in funds, at the time of withdrawal, our compliance team will manually check, and if you have purchased more than the maximum allowed funding, your profits on the most recent account that exceeds the maximum funding will be nullified, and you will be refunded 100% of the account purchase.
3.3 Time Limitation
There are no minimum or maximum trading days on the demo stage. You can pass in 1 day or 1 year.
3.4 Bots and EAs
We allow the use of certain Bots and EAs; however, there are certain restrictions on the types of EAs and bots that can be used. Note that we only allow the use of HFT bots for challenge phases. If you decide to use HFT bots on your simulated real-funded account, your account will be canceled.
3.5 News Trading
During all evaluation phases, you can hold trades during news and open them whenever you want during red folder news events. However, for your funded account, we do not allow trading during high impact news events. Trading between 10 minutes before and 10 minutes after the news event time is grounds for permanent deactivation of your trading account. We use Forex Factory as our news reference.
3.6 Weekend Trading
You may trade over the weekend during the evaluation phases. You cannot hold trades over the weekend once you have your funded account. Failing to close your trades before the market closes on Friday will result in a serious violation and the loss of your funded account.
News Speculation EAs: EAs that exist to take advantage of price fluctuations specifically during news events by executing rapid speculative trades.
Arbitrage EAs (Inverse and Latency): EAs that exist to capitalize on price differences between different markets or brokers, either through inverse trades or latency-related strategies.
Multi-Account Reverse Trading: Any form of inverse mirror trading that performs the opposite trade from one account to another.
Tick Scalping: Bots that trade at an extremely high speed based on tick-level price movements.
EAs Designed to Abuse Demo Servers: Any EA designed to exploit a demo server environment.
We strongly recommend that if you plan to use an EA, it be your personal EA that you have developed, not one that is available on the mass market. We have a strict rule against copy trading where your trades cannot match the exact trades of another trader. Therefore, we recommend making your EA as unique as possible. Violating the above rules will result in account cancellation.
There are only a few ways to fail the challenge or lose your funded account.
Daily Drawdown Rule: Violating the daily drawdown rule on your account. Read exactly how our daily drawdown rule works in detail.
Maximum Drawdown Rule: Violating the maximum drawdown rule. Read exactly how our overall drawdown rule works in detail.
Engaging in a Prohibited Trading Strategy: Read in detail the prohibited strategy section.
5.1 Copy Trading
We understand that copy trading can be a useful tool, and we have developed the following guidelines:
If you wish to use a copy trader to send trades to your 2pipsfx account, you must be the owner of the originating account, and it must not be a demo account.
You are not allowed to set up a copy trader from an account you do not own, whether it belongs to a friend, business partner, or any other relationship. We will require verification and proof of account ownership.
Please note that we do not accept signal trading. Trades must be your own.
Violating the above copy trading rules will result in account termination due to non-compliance.
There are no restrictions on how long you can hold a trade during the week. However, it's crucial to understand that holding trades overnight will incur swap fees and may be subject to potential spread volatility.
Average lot size x 0.50 = bottom of your range
Average lot size x 1.50 = top of your range
In our example above:
2 x 0.50 = 1 lot as the minimum threshold.
2 x 1.50 = 3 lots as the maximum threshold.
Therefore, your trades should be between 1 and 3 lots. Also, you can't allow a single trade to account for more than 35% of your profits. By falling outside of these ranges, the account will be permanently deactivated.
We are temporarily allowing members to pass with HFT bots. Those using HFT to overcome one-step challenges will have the following payment structure:
First eligible payment within 21 days after the first trade.
Second payment within 21 days after the first trade for a new trading period.
After the second payment, all eligible withdrawals within 14 days after the first trade for each new trading period.
Profit sharing scales as follows:
Withdrawal 1 = 50% profit share
Withdrawal 2 = 70%
Withdrawal 3 = 80%
Withdrawal 4 = 90%
After making 4 withdrawals, you will move to our 2pipsfx program, and you can now request withdrawals after 7 days from your first operation PLUS a 100% profit share.
Note that you must withdraw 100% of your profits each time you make a withdrawal.
We accept almost all trading practices; however, we seek professional traders who understand how to manage significant capital and risk. We are not looking for gamblers or traders looking to manipulate the system. Below are the practices/strategies we do not allow. As a result of being HFT-friendly, we understand we have stricter rules than most, but this is due to our high risk of not being able to assess traders' behavior before entering the funding stage.
Copy Trading
You cannot use signals, copy trades, execute group trades, or any other activity that may result in the same operations by other traders.
9.1 Reverse Trading/Group Hedging
Hedging or executing reverse operations within a single account is allowed, but doing so across different accounts and account owners is not accepted. You cannot open a sell operation in one account and a buy operation in another for the same pair.
Group hedging implies that people open opposite positions in one or several supporting companies, ensuring one position always wins. All accounts participating in this practice will be banned.
9.2 Account Management Services:
Purchasing account management services or allowing another person to trade for you in any way will not be tolerated.
Sharing accounts and allowing someone else to trade your account is strictly prohibited.
9.3 Grid Trading
Identifying Grid Trading is subjective to our fraud department, but most times we use the following points:
-Determining the initial price of the grid.
-Choosing an interval, such as 10 pips, 20 pips, or 30 pips.
-Determining if the grid will be in favor of or against the trend.
-Adding trades as it decreases.
9.4 Trade Stacking
However, having 2 open trades at a time is not considered accumulation or layering, once there are 3 or more open positions for the same instrument, in the same direction. You will lose your funded account. An example is opening 3 BUY GPBUSD trades without closing any of the previous ones.
9.5 IP Management
The IP address you log in to your master account with must be consistent. If we detect multiple IP addresses logging into your account, our system will mark it as a fraud infringement for possible account management. Contact support if you have any questions.
9.6 Martingale Trading / EA
- Initial Bet: The trader begins with an initial trade size or "bet".
- Doubling Down: If the trade results in a loss, the strategy dictates that the next trade should double the amount of the previous bet in hopes of covering the loss and making a profit equivalent to the initial bet.
- Repetition: This process of doubling continues with each consecutive loss.
- Winning Trade: Once a winning trade occurs, the losses are covered and the profit equals the initial trade amount.
- Reset: After a win, the strategy resets, and the trader goes back to the initial trade size.
9.7 Latency Arbitrage
Guaranteed Limit Order Execution at News Events (buy stop and sell stop orders at news events)
Please note that trades opened for less than 2 minutes will not count towards your gains. This is to avoid any HFT-like trading activity.
Please note that any trader participating in the above strategies will be subject to losing their challenges/funded accounts.
Any trading account inactive for more than 18 days will be permanently deactivated.
11.1 Challenge Phase 1
Profit Objectives
To become a funded trader with 2pipsfx, we expect you to surpass certain profit goals in our evaluation challenges.
Phase 1 profit goal: you must achieve an 8% gain based on the initial account balance. For example, if you buy a $100,000 account challenge, to advance to phase 2, you must earn $8,000 in closed profits without open trades.
Once you pass phase 1 and receive your funded account to trade with our capital, there are no profit goals or time limits. You only need to know the withdrawal rules not to lose the account.
11.2 Daily Loss Rule
It's extremely important to understand how the daily loss rule works to avoid accidentally failing the challenge. We've tried to make this as simple as possible because other companies tend to complicate the process unnecessarily.
Your capital/floating loss/drawdown cannot be greater than 5% of your daily balance. Note that your account balance resets every day at 00:00 UTC.
11.3 Maximum Loss Rule
We've tried to create the fairest and most rewarding maximum loss rule in the industry and, once again, keep it extremely simple. You cannot lose more than 10% of your initial balance; however, the more profits you have in your account, the less likely you are to violate this.
For example, suppose you have a $100,000 account. In that case, you'll only violate this rule when the account balance falls below $90,000. If you gain profits in your account and raise your balance to $150,000, for instance, you can lose up to $60,000 and never violate the maximum loss rule. But always keep in mind the daily loss rule, as violating it will result in losing your account or failing a challenge.
Please note that any trader participating in the above strategies will be subject to losing their challenges/funded accounts.
