Updated 2026-03-08
FundingPips Profit Target (Phase 1) Rule Explained
FundingPips
Quick Answer
FundingPips requires an 8% profit target on the initial account balance to pass Phase 1 evaluation.
The 8% profit is calculated on your starting account balance, so a $100,000 account needs $8,000 in profits. This target must be achieved through closed trades only - floating profits don't count. Failing to reach this target means you cannot progress to Phase 2 of the evaluation process.
Key Rule Details
Target
8%
Dollar Target ($100,000)
$8,000
Phase
Phase 1 only
Time Limit
None
Min Days
3 days
Calculation Example
Common Mistakes
Counting Open Positions
Many traders mistakenly think their floating profits count toward the 8% target. FundingPips only counts closed trades for profit target calculations. If you have $7,500 in closed profits and $1,000 in open profits on a $100,000 account, you haven't met the $8,000 requirement yet.
Rushing Near Target
Traders often take excessive risks when close to the 8% target, violating the 5% daily loss limit. On a $100,000 account, being at $7,000 profit and risking $2,000 to quickly reach $8,000 can trigger the daily loss rule and end the evaluation immediately.
Ignoring Other Rules
Focusing solely on the profit target while neglecting the 10% maximum total loss rule is common. A trader might achieve 8% profit but then lose 11% from their peak, breaching the total loss limit and failing the evaluation despite meeting the profit requirement.
Miscalculating Required Amount
Some traders calculate percentages on their current balance instead of the initial balance. On a $50,000 account that grows to $54,000, the profit target remains $4,000 (8% of $50,000), not $4,320 (8% of $54,000).
Protection Strategies
Set Personal Target at 9%
Aim for 9% profit instead of exactly 8% to create a safety buffer. On a $100,000 account, target $9,000 instead of $8,000. This extra 1% cushion protects against small losses after reaching the official target and provides room for any calculation errors.
Use 1% Risk Per Trade
Limit each trade to 1% risk of your account balance to steadily build toward the 8% target. On a $50,000 account, risk maximum $500 per trade. This approach typically requires 8-12 winning trades to reach the $4,000 profit target while maintaining controlled risk.
Set Daily Profit Alerts
Configure alerts when you reach 6% and 7.5% profit to monitor your progress closely. On a $25,000 account, set alerts at $1,500 and $1,875 profit levels. This helps you adjust your trading approach as you near the $2,000 target and avoid overtrading.
Stop Trading After Achieving Target
Immediately stop trading once you hit 8% profit to avoid risking the achievement through additional trades. Lock in your Phase 1 success and focus on meeting the minimum trading days requirement. Further trading only introduces unnecessary risk to your qualification.
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Frequently Asked Questions
Disclaimer: This guide is for informational purposes only and does not constitute financial advice. Prop firm rules change regularly — always verify current terms on FundingPips's official website before purchasing a challenge. Updated 2026-03-08.