How we can help you?
About Horizon Pips
Understanding the importance of selecting the right prop trading firm for your success is most important. Here’s why joining Horizon Pips and experiencing the difference is crucial:
- No Time Limit: Say goodbye to the pressure of reaching profit targets within tight deadlines. Horizon Pips removes time limits from most of its Horizon Pips challenges, allowing you to trade with complete peace of mind. The belief is that true trading excellence necessitates focus and a stress-free environment. Trade at your own pace and unleash your full potential.
- The best prices in the industry: Horizon Pips focus is on providing the best service to their customers, but that doesn’t rule out their incredible prices for their evaluations, which sets them apart from the competition significantly. Their evaluations are the most affordable in the industry, both for the accelerated service and the evaluation service.
- Lower percentage requirements than anyone else in the industry to become a funded trader: In Horizon Pips’ evaluation service, they require a 6% profit in Phase 1 and a 5% profit in Phase 2. It’s much easier to become a funded trader with Horizon Pips, thanks to their lower requirements.
- Weekly payouts: With Horizon Pips, you can withdraw funds every 7 days after becoming a funded trader. In the Accelerated Mode, you can withdraw every 15 days, and in the Evaluation Mode, you can withdraw every 7 days.
We are unable to accept traders from the following countries:
Iran, Lebanon, Syria, North Korea, Libya, Russia, Sudan, Somalia, USA & Canada
Traders must be at least 18 years of age and able to complete a KYC identity verification one they pass the evaluation stages. These documents can include drivers license, passport, ID’s, Proof of address documents bank statements, utility bills and more.
We work with the Taurex broker.
General Questions
The profit split varies depending on the service chosen.
Accelerated Mode:
– First Withdrawal Split: 50/50
– Second Withdrawal Split: 60/40 (60% for the trader)
– Third Withdrawal Split: 70/30 (70% for the trader)
– Fourth Withdrawal Split: 80/20 (80% for the trader)
– From the 5th withdrawal on, the split is 85/15 (85% for the trader)
Evaluation Mode:
– Withdrawals every 7 days and the split is 85/15 (85% for the trader)
The payment methods available to purchase an evaluation are via:
– Credit card
– Cryptocurrency
You must submit your KYC documents after you have passed your evaluation. Once you have signed the contract and submitted your identity verification documents, you will be able to start trading on your live account.
The Know Your Customer (KYC) process is very common among many brokers and trading firms, as it helps to prevent money laundering, terrorist financing, and other financial crimes.
It is important for traders to understand why identity verification is important and necessary toensure the safety of all participants in the trading market.
By providing accurate and verifiedinformation, traders are helping to create a safer and fairer environment where everyone can participate.
You will receive a certificate when you pass your evaluation. Horizon Pips recognizes highperforming traders, and for this reason, provides certificates to traders who achieve funding.
But that’s not all. Horizon Pips will also provide you with a certificate for every successful withdrawal you make from your account.
The fact that Horizon Pips provides certificates to traders who achieve funding and withdrawals shows their commitment to recognizing and rewarding the good performance of their users. This can motivate traders to keep working hard and reaching their goals
You will receive your withdrawals every 7 days for the Evaluation Mode and every 15 days for the Accelerated Mode. After submitting your withdrawal request, it may take between 10 and 36 hours for the funds to be credited to your Wallet or bank account.
Horizon Pips not only has an affiliate program, but it has the best affiliate program in the industry.
Their affiliates and partners earn a 16% commission on processed sales made under their affiliate link. They also offer incentives and activities to motivate their affiliates to continue promoting Horizon Pips.
Horizon Pips works with the trading platforms MT4 and MT5, and traders must use these platforms to trade.
In Accelerated Mode: MT4
In Evaluation Mode: MT5
The minimum amount for a withdrawal is $100 in profit from the initial balance.
This means you need to have at least $100 in profit in your account to make a withdrawal. It’s important to note that withdrawals may take up to 36 hours to process, so be sure to plan your withdrawals in advance.
Horizon Pips strives to ensure a secure trading environment for all of our traders. To avoidany complications related to IP addresses, it is recommended that traders use a single device with a unique IP address during their trading activities on our platform. However, this is understandable there may be exceptional circumstances that require the use of multiple devices and IP addresses.
Here are some guidelines to follow if you plan to use multiple devices with multiple IP addresses:
– If you travel or move to a different country, your account will reflect the IP address of that country. In such cases, Horizon Pips requires a valid document that can verify your physical movement to the new location.
– It is also important to note that if Horizon Pips finds a significant number of accounts from similar IP addresses, and detects any similarities or discrepancies in trading strategies, including hedging in multiple accounts with the same IP addresses, it will be considered a violation.
If Horizon Pips finds a violation of its policies related to multiple IP addresses, the following actions may be taken:
– A warning will be issued along with a deduction of profits, and the account will be reset. If you are not in profit, your account will not be reset.
– The account may be terminated without any profit share, depending on the severity of the violation.
Horizon Pips values the security and integrity of our platform and encourages all traders to comply with our policies and guidelines to maintain a safe trading environment for all. If you have any questions or concerns, please do not hesitate to contact Horizon Pips Support Team
Yes, traders are allowed to utilize Expert Advisors (EAs) and Indicators to enhance their trading strategies at Horizon Pips. It is important for each trader to ensure that their trading parameters are unique and suited to their individual trading style and account.
While it is permissible for traders to employ the same Expert Advisor or Indicator as other traders, it is essential to customize the settings and parameters to differentiate their trades from others.
Traders are required to follow the daily loss limit and overall loss limit rule while trading in the Horizon Pips account.
The daily loss limit restricts the maximum amount of losses that can be incurred in a single day, while the overall loss limit sets a cap on the total accumulated losses over a specific period.
By following these rules, traders can maintain risk control and prevent excessive losses
Horizon Pips allows traders to trade during news events in both the Challenge Phase and the Horizon Pips Evaluation and Accelerated accounts
Traders can keep their trades open overnight and over the weekend without any restrictions
There is no restriction on using stop-loss (SL) on your every trade, so you are free to trade without using it.
A stop-loss order (SL) is a risk management tool that helps limit potential losses by automatically closing a trade if the price reaches a specified level. It is ultimately up to your personal trading strategy and risk tolerance whether you decide to utilize this tool.
Accounts will be deactivated if they have been inactive for 30 days.
Restrictions
At Horizon Pips we accept almost all trading practices however we are looking for professional traders who understand how to manage large capital and manage 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 an HFT friendly firm, we do understand we have stricter rules than most, but this is due to our elevated risk of not being able to assess a traders behavior prior to entering the funding stage
Copy Trading
– You cannot use signals, copy trading, group trading or any other activity that wouldresult in the same trades from other traders.
Reverse Trading / Group Hedging
– Hedging or executing reverse trades within a single account is permissible however doing it across different accounts and account owners is not accepted. You cannot open a sell trade on one account and a buy trade on the other of the same pair.
– Hedging or executing reverse trades within a single account is permissible however
doing it across different accounts and account owners is not accepted. You cannot open a sell trade on one account and a buy trade on the other of the same pair.
Account management services:
– Purchasing account management services or letting someone else trade for you will not be tolerated in any way.
– Sharing accounts and letting someone trade your account is strictly prohibited.
Grid Trading
– identifying Grid Trading Is subjective to our fraud department but more often than not we use the following points
– Determining the starting price for the grid
– Choosing an interval, such as 5 pips, 25 pips, or 50 pips
– Determining whether the grid will be with-the-trend or against the trend
– Adding on trades as it goes into draw down
Trade Stacking
– Having 2 trades open at a time is not considered as stacking or layering , however, once there are 3 or more positions open for the same instrument, in the same direction. You will lose your funded account. An example being you open 3 XAU BUY trades without closing any of the prior ones.
IP Management
– The IP Address you login to your master account with should stay consistent. If we detect various I.P address logging into your account our system will flag this as a fraud violation for potential account management. Please contact support if you have any questions
Martingale Trading / EA’s
Latency Arbitrage
Guaranteed Limit Order Fills On News Events (Buy and Sell Stop Orders On News Events)
Please note trades that are opened for less than 1 minutes, will not be counted towards your profit. This is to avoid any HFT like trading activities.
Please note any traders found partaking in the above strategies will be subject to losing there challenges / funded accounts
– Can Someone Else Trade My Account?
Under no circumstances can someone login to your account from a different IP and manage your account or trade for you.
Accelerated Mode: 1 Phase Challenges (HTF)
Profit Targets
In order to become a funded trader with Horizon Pips we expect you to be able to pass certain profit objectives in our evaluation challenges.
1- Phase 1 Profit Target: You should make a 6% profit based on the opening account balance.
For example, if you purchase a $100,000 challenge account, to advance to funding (live account) you must earn $6,000 in closed profits with no open trades.
Once you pass your phase 1 and receive your funded account to trade our capital, there are no profit targets or time limits. You must only be aware of the drawdown rules to not lose the account.
Daily Loss Rule
It is extremely important you understand how the daily loss rule works, to avoid an accidental challenge failure. We tried to keep this as simple as possible, because other firms tend to complicate the process for no reason.
Your equity / floating loss / drawdown cannot be greater than 5% of your daily balance. Pleasenote your account balance resets each day at 00:00 UTC each day.
Example 1
You start your challenge on a $100,000 account, this means your equity cannot go lower than $95,000.
Example 2
You made a profit of $5,000 and your account balance is now $105,000, This means your equity or drawdown at no point in time can go lower than $99,750 Daily Loss = Account Balance X 5%
Max Loss Rule
We tried to create the most fair and rewarding max loss rule in the industry and once again, keep it extremely simple. You cannot lose more than 10% of your starting balance, however the more profit you have in your account the less chance you have of violating this.
For example, let’s say you have a $100,000 dollar account, you will only violate this rule when the account balance reaches less than $90,000. If you make profits on your account and bring your balance to $150,000 for example, you can lose up to $60,000 and never violate the max loss rule. But please always keep in mind the daily loss rule, as violating that will result in losing your account or failing a challenge.
– Consistency Rule (LOTS) – Live account
For a limited time only we are enforcing a consistency rule, since we are allowing traders to pass with HFT bots. Once we no longer allow HFT, we will also remove the consistency rule. Please see below for details.
Traders must participate in 5 minimum trading days for each withdrawal.
At the time of requesting a withdraw we will review your trading history, and adjust your balance for any trades that fall outside of your trading range.
To determine your trading range you must first calculate your average trade size.
Divide the total lot volume you have traded by the number of executed trades to find your average lot size.
Example:
100 total lots traded
50 total trades executed
100 lots divided by 50 trades = Average lot size of 2
Now to determine your average lot size range check below
Average Lot Size x 0.25 = Bottom of your range
Average Lot Size x 2.00 = Top of your range
In our example above
2 x 0.25 = 0.5 Lots
2 x 2.0 = 4 Lots
Trades must be between 0.5 and 4 lots. Any trade outside of this range will be removed at the
time of withdrawal.
This rule is in place to ensure that traders are managing their risk appropriately and not taking on
excessive risk that could jeopardize the funding provided by the prop firm.
– 50% Rule (live account)
No single trade can make up more than 50% of the total profits.
This rule is in place to ensure that traders are not overly dependent on any single trade for their overall profits.
Evaluation Mode: 2-Phase Challenge.
Profit Targets
Phase 1:
Phase 1 Profit Target – You must earn 6% profit based on the starting account balance. For example, if you purchase a $100,000 account challenge, in order to advance to phase 2 you must earn $6,000 dollars in closed profit with no open trades.
Phase 2:
Phase 2 Profit Target: You should make a 5% profit based on the opening account balance. For example, if you purchase a $100,000 challenge account, to advance to funding (live account) you must earn $5,000 in closed profits with no open trades.
Daily Loss Rule
It is extremely important you understand how the daily loss rule works, to avoid an accidental challenge failure. We tried to keep this as simple as possible, because other firms tend to complicate the process for no reason.
Your equity / floating loss / drawdown cannot be greater than 5% of your daily balance. Please note your account balance resets each day at 00:00 UTC each day
Example 1
You start your challenge on a $100,000 account, this means your equity cannot go lower than $95,000.
Example 2
You made a profit of $5,000 and your account balance is now $105,000, This means your equity or drawdown at no point in time can go lower than $99,750
Daily Loss = Account Balance X 5%
NOTE: this applies to phase 1 and phase 2
Max Loss Rule
We tried to create the most fair and rewarding max loss rule in the industry and once again, keep it extremely simple. You cannot lose more than 10% of your starting balance, however the more profit you have in your account the less chance you have of violating this.
For example, let’s say you have a $100,000 dollar account, you will only violate this rule when the account balance reaches less than $90,000. If you make profits on your account and bring your balance to $150,000 for example, you can lose up to $60,000 and never violate the max loss rule.
But please always keep in mind the daily loss rule, as violating that will result in losing your account or failing a challenge.
NOTE: this applies to phase 1 and phase 2
– Without restrictions or rules of commerce.
The trader can trade without worrying about consistency rules or trade restrictions.