Frequently Asked Question

Rules

The reason we have a payout cap is to ensure the long-term stability and reliability of our prop firm. Many prop firms have faced payout issues due to gambling-like behaviors, which unfortunately create financial strain. To mitigate this, we have implemented a 10% payout cap. However, for those seeking higher earnings, we offer a live funded account option with uncapped payments. Rest assured, this cap will only affect about 0.5% of our traders, as the majority do not exceed this limit. This system promotes a healthy ecosystem where all traders receive their payouts, and the prop firm can sustain itself successfully over the long term.

if you feel as if your account has been breached due to error please email [email protected] with all your account details and situation and someone from our risk team will get back to you in 0-72hours

If you think you have what it takes to get live funding go into our livechat and our team will give you a form to fill out. once you've done that our risk team will have a look and give you further instructions if we feel it is a good idea for both us and the trader. Dont be Disheartened if you are rejected, all great things come in good timing!

best thing to do would be to go to our rules tab to see exactly what type of trading is banned. thankfully at GoldenPipFX we allow traders to customize their challenge to their needs!

Not allowed (unless Included in add-ons)
  • News trading
  • Holding over the weekend
  • HFT Trading
  • Account management
  • Copy trading
  • Gap trading
  • Hedging
  • Grid Trading
  • EA's
  • Martingale Trading
Any trading styles that are deemed as "cheating," or otherwise not reflective of trading in the real market, are not permitted and will result in a violation of our Terms of Use. For this reason, it is against our rules to take advantage of strategies that generate risk-free, consistent simulated profits only on demo accounts. Our Funded Traders are expected to be trading on their accounts as if they are live accounts. Any use of a strategy that takes advantage of demo accounts will result in the closure of a Funded Trader’s account, whether in the evaluation phase or while funded. If you are trading as if it was a live account, you will have no issues with our challenge.

At GoldenPipFX, we class News Trading as any trade that is placed 2 minutes before news and closed 2 minutes after. For example, if news is at 1:30 pm, if you place or close a trade between 1:28 pm-1:32 pm, this profit will not be included. Unless news trading is included as an add-on in our checkout section.

Maximum of 3 open positions on the same instrument will be allowed. Any more than this will lead to a breach of evaluation.

Tick scalping is another form of HFT and a trading strategy that involves executing a high volume of trades in a very short time to profit from small price movements, or "ticks."

Tick scalping is banned because it relies on exploiting rapid, small price changes that do not reflect typical market conditions. This can create an unfair advantage, disrupt market integrity, and does not align with the realistic trading environment we aim to maintain at GoldenPipFX and will lead to a breach.

Trades must be held for a minimum of 2 minutes. Anything less than this will equate to a breach of evaluation.

We firmly reject trades that exhibit characteristics of “all or nothing,” and we do not accept strategies reliant on this type of trading. We firmly believe that any trading activity categorized as gambling does not align with our values of risk management, profitability, and market consistency. Engaging in such activities will lead to the termination of your evaluation. Gambling and or risking 3% or more on a single position will be a hard breach of the account, This will forfeit the existing profits and your account will be forfeit.

Our Algo EA Challenge Is a new challenge we are offering TEMPORARILY to help traders get funded easier! There's a few different rules compared to our standard challenges
  • 5 Minimum trading days once funded (Trade of at least 0.5% in terms of RISK & REWARD atleast 0.5:0.5)
  • Consistency rule: No more than 30% of Profit made on one day
  • 1st Payout capped at 6% (Can scale up to 12%)
Generally all our rules are the same as our standard challenges. The only different rule is we've now allowed is the use of EA's. once you are in the funded phase you will be expected to trade following our standard rules and consistency rule to ensure consistency.
  • Scale Payouts: With this program you will be able to scale up to 12% payout which will allow you to make up to $12,000 per payout!
  • 1st Payout: 6% MAX
  • 2nd Payout: 8% MAX (+2%)
  • 3rd Payout: 12% MAX (+4%)
    • This system will allow traders to have a better chance of getting funded but in a sustainable way in which we can insure all traders are paid out. Our Risk Teams always looking over trades being placed and seeing where we can use traders ideas to leverage capital against to have Consistent cash flow and not soley relying on challenge fees like other prop firms. our Payout Cycle's are still the same for this challenge as per our other challenges.
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