Hey there, I’m Devonte, the CEO of GoldenPipFX. I’m excited to share a bit about myself and our company with you. We’re all about making trading more stable and fair for everyone involved. This document will give you a glimpse into who I am, what GoldenPipFX is all about, and how we’re planning to shake things up in the trading world.
I’m 26 years old and have been trading for eight years. My journey started when I was 18, using my own money since prop firms weren’t really a thing back then. Over the years, I’ve traded in the stock market and cryptocurrency, achieving significant gains before circling back to forex trading with a good amount of capital. Aside from trading, I run a video editing business and a podcast studio in London, working with two major brands since 2020. This diverse background has given me a solid foundation to manage and grow GoldenPipFX.
GoldenPipFX is here to create a safe and reliable space for traders. Our goal is to build a platform where traders can thrive without worrying about not getting their payouts. We’re committed to transparency and sustainability in everything we do.
Our $100K account challenges are priced between $400 and $450, ensuring we cover our costs and can pay out our traders reliably.
We use a two-phase challenge process to ensure fairness and stability. Phase one requires a 10% profit target, and phase two a 5% target before funding.
We reinvest 10-20% of our revenue into a trading account for passive income, which helps build our reserves. Additionally, we back certain traders with real funds based on their performance and history.
We avoid unsustainable practices like perpetual sales and using potentially unstable platforms like MetaTrader. Our focus is on long-term stability over quick wins.
The trading industry has seen many prop firms fail due to poor management, unsustainable pricing, and relaxed rules. At GoldenPipFX, we tackle these challenges by:
Competitive yet Sustainable Pricing: We maintain fair pricing for our challenges to ensure we can always meet our payout obligations and keep our operations smooth.
Robust and Fair Rules: Our trading rules are designed to prevent exploitation and ensure long-term stability for both the company and our traders.
Managing Large Payouts: For high-performing traders, we prefer backing them with live funds to ensure they receive their due without straining our challenge-based revenue.
Capped payouts: To insure the revenue is balanced out for traders correctly we have set a 10% cap per account. Though some may not like this it allows us to create an ecosystem for multiple traders to change their life. We would prefer to pay 100k to 15 people than 1 person. If someone is interested in doing more than 10% we’d prefer to back them with live capital.
We aim to lead the prop trading industry by offering a reliable and stable platform for traders. We want to build a community where traders feel secure and valued, fostering long-term relationships and mutual success.
GoldenPipFX isn’t just another trading platform; it’s our vision for a sustainable and fair trading environment. We’re excited about the future and hope you’ll join us in shaping it.
Devonte
CEO of GoldenPipFX