Golden Pip FX – Firm Review
- Expert market mentorship for traders
- Fast account setup within hours
- Flexible trading across global markets
- Simplified profit sharing payment model
- Top-tier platform with lifetime support
# Golden Pip FX Review
Company Overview
Golden Pip FX is an innovative proprietary trading firm designed to empower traders of all experience levels. Established with the vision of creating accessible pathways to funded trading accounts, Golden Pip FX offers a structured evaluation process that tests traders’ skills before providing them with substantial capital. Their two-phase challenge model focuses on consistent profitability and responsible risk management rather than aggressive trading strategies. What sets Golden Pip FX apart is their transparent fee structure, flexible trading conditions, and commitment to trader education. With account sizes ranging from $10,000 to $200,000 and profit splits up to 90%, they provide opportunities for both newcomers looking to establish themselves and experienced traders seeking to scale their operations without risking personal capital. Golden Pip FX’s modern trading infrastructure includes MetaTrader 4 and 5 platforms with access to multiple financial markets.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee starting from $99 for $10K account, with higher fees for larger account sizes
- Professional Challenge – Slightly higher one-time fee than Standard Challenge, but with more relaxed trading parameters
- Evaluation Reset Fee – $45 to restart a failed challenge without purchasing a new one
- No monthly fees once funded – Only the initial challenge fee is required
Account Types
- Standard Account: Traditional two-phase evaluation with 8% profit target in each phase, 5% daily drawdown, 10% maximum drawdown
- Professional Account: Enhanced account with 10% profit target, 8% daily drawdown limit, 12% maximum drawdown, suited for experienced traders
- Funded Account: Real trading account with firm capital after successful completion of both evaluation phases
- Demo Evaluation Account: Practice account for the challenge phases before receiving actual funding
Profit Split Options
- Initial Split: 80/20 profit sharing (80% to trader, 20% to firm) for newly funded accounts
- Performance-Based Scaling: Profit split increases to 85/15 after consistent performance
- Advanced Trader Split: 90/10 profit sharing for traders demonstrating exceptional consistency and risk management
- Profit Withdrawal: Available every 30 days with no minimum amount required
Account Sizes
- $10,000: Entry-level account ideal for beginners, with challenge fee starting at $99
- $25,000: Mid-sized account suitable for traders with some experience
- $50,000: Advanced account for experienced traders looking for higher profit potential
- $100,000: Professional-level account for serious traders with proven strategies
- $200,000: Elite account offering maximum capital for established traders
Trading Platforms
- MetaTrader 4 (MT4): Industry-standard platform with comprehensive charting tools, technical indicators, and user-friendly interface
- MetaTrader 5 (MT5): Advanced platform with additional timeframes, market depth, and economic calendar features
- Web-based Dashboard: Proprietary platform for account management, performance tracking, and profit withdrawal requests
- Mobile Apps: Trading access on iOS and Android devices for trading on the go
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including S&P 500, NASDAQ, FTSE, DAX, and more
- Commodities: Energy, precious metals, and agricultural products including gold, silver, oil, and natural gas
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other popular altcoins
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days (minimum) | 60 days (minimum) |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days (minimum) | 60 days (minimum) |
| Profit Target | 10% | 5% |
| Daily Drawdown | 8% | 8% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 10 days | 10 days |
Challenge Specifications
- Max Allocation: Up to $1,000,000 possible through account scaling after consistent performance
- Scaling: Account size can be doubled after consistent profitability over 4 consecutive months
- Trading Competitions: Monthly competitions with additional cash prizes for top-performing traders
- Free Trial: 7-day demo account available to test the platform before purchasing a challenge
- Profit Targets: Standard challenge requires 8% in phase 1 and 5% in phase 2; Professional challenge requires 10% in phase 1 and 5% in phase 2
- Drawdown Structure:
- Daily: 5% limit for Standard accounts, 8% for Professional accounts
- Maximum: 10% overall account drawdown limit for Standard accounts, 12% for Professional accounts
- Trailing: No trailing drawdown; fixed drawdown calculated from initial balance
Trading Rules and Requirements
- No news trading during high-impact economic events
- No hedging of positions within the same trading account
- No excessive risk – maximum lot size of 5% of account balance per trade
- Minimum 10 trading days required in each phase
- Trading hours restricted to regular market hours (no weekend trading)
- No use of expert advisors or automated trading systems
- No overnight holding of cryptocurrency positions
- Maximum of 10 simultaneous open positions
Company Information
- Founded in 2019 by a team of professional traders and financial experts
- Headquartered in London, UK with additional offices in Singapore and Dubai
- Regulated by relevant financial authorities in operating jurisdictions
- 24/5 customer support via live chat, email, and phone
- Active community of over 50,000 traders worldwide
- Regular educational webinars and trading resources for all account holders
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (1-2 business days)
- Neteller (1-2 business days)
- Bitcoin/Cryptocurrency (24 hours)
- Wise (formerly TransferWise) (2-3 business days)
Trading Commissions
- Forex: $5 per standard lot (100,000 units) round turn
- Indices: $2 per standard contract round turn
- Commodities: $3 per standard contract round turn
- Cryptocurrencies: 0.1% of trade value
- No commission on funded account profits – only the agreed profit split applies
IP Rules
- VPN usage is not permitted during challenge or funded trading
- Only one IP address allowed per account (location consistency required)
- Changes in location must be reported and approved in advance
- Account sharing is strictly prohibited and will result in account termination
- Maximum of 3 devices can be registered to access one trading account
Unique Features
Trader Support
- One-on-one coaching sessions with professional traders
- Weekly market analysis and trading idea webinars
- Private Discord community for funded traders
- Trade psychology workshops for mental resilience
Technology Advantages
- Advanced performance analytics dashboard
- Real-time trade monitoring with risk alerts
- Ultra-fast trade execution with minimal slippage
- Custom indicator library exclusive to funded traders
Flexibility
- No time limits to complete challenge phases
- Ability to trade during both Asian and Western market hours
- Compatible with most custom indicators and scripts
- Low-cost challenge reset option after failure
Why Choose Golden Pip FX?
Golden Pip FX stands out in the crowded prop trading industry by offering a balanced approach that rewards consistent, disciplined trading rather than risky strategies. Their focus on trader development alongside capital provision creates a sustainable environment for long-term success.
Key advantages include:
- Generous profit splits up to 90% for consistent performers
- No time limits on challenge completion, reducing unnecessary pressure
- Transparent fee structure with no hidden costs or monthly fees
- Comprehensive educational resources and professional mentoring
- Account scaling opportunities up to $1,000,000
- Reliable payout system with multiple withdrawal options
- Active trader community for networking and support
- Reasonable drawdown limits that allow for realistic trading conditions
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends on your trading performance. Once you complete both the Challenge Phase and Verification Phase by meeting all targets and following trading rules, you’ll typically receive your funded account within 1-2 business days. There is no time limit to complete the phases, so you can trade at your own pace without rushing.
Can I hold positions over the weekend?
Yes, you can hold forex, indices, and commodity positions over the weekend. However, cryptocurrency positions cannot be held overnight due to their extreme volatility. It’s recommended to manage your risk carefully when holding weekend positions, as gap openings on Monday may cause unexpected price movements that could affect your drawdown limits.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor infractions may result in a warning, while serious violations like using prohibited trading strategies or manipulating the platform will result in immediate account termination without refund. If you’re uncertain about any rules, it’s best to contact support before taking action that might jeopardize your account status.
Can I trade news events?
Trading during scheduled high-impact news events is not permitted. Golden Pip FX provides a calendar of restricted news events, and trading is suspended 5 minutes before and 5 minutes after these announcements. This policy is in place to prevent extreme volatility from causing sudden account failures. Trading during medium or low-impact news is allowed, but caution is advised.
How often can I withdraw profits?
Funded traders can request profit withdrawals once every 30 days with no minimum amount requirement. The profit split will be applied according to your current tier (80%, 85%, or 90% to the trader). Withdrawal requests are processed within 1-2 business days, and funds typically arrive within 3-5 business days depending on your chosen payment method.
