PipFarm Review
PipFarm is a proprietary trading firm that allows traders to join and trade their capital. This can be achieved by traders successfully passing the one-step evaluation and start managing a funded account. The company is not all about funding. It prioritizes trader growth, provides support, and celebrates traders’ milestones.
Pros
- Excellent Trustpilot Rating of 4.6/5
- Three Unique Funding Programs
- Professional Trader Dashboard
- A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
- A Maximum Trading Period of 1 Year
- Scaling Plan
- First Payout After 3 Days
- On-demand Payouts by Qualifying through the XP Feature
- Bi-weekly Future Payouts
- Profit Share of 70% up to 95%
- Overnight & Weekend Holding Allowed
- News Trading Allowed
- Unique XP Feature
Cons
- Minimum Withdrawal Requirement of 3% (Can be Lowered through the XP Feature)
- Low Leverage up to 1:30 (1:50 by Qualifying through the XP Feature)
PipFarm It is a proprietary trading firm that provides the opportunity to join and trade your capital. More than funding, the company is focused on trading-growth support and the celebration of achievements through traders. Most traders earn reasonable profits, with the freedom to manipulate account sizes of up to $300,000 and also profit splits of up to 95%. This is achieved from the trading of various financial products, such as forex pairs, commodities, indices, and cryptocurrencies.
Who are PipFarm?
PipFarm It is a proprietary trading firm with its legal name ECI Ventures Pte. Ltd., incorporated in June 2023. They are based in Singapore, and the firm has CEO James Glyde as its manager. PipFarm offers traders a choice between three funding programs, including two-step and two one-step evaluations while partnering with TopFX as their chosen broker.
PipFarm’s headquarters are located at 68 Circular Road #02-01, 049422, Singapore.
Who is the CEO of PipFarm?
James Glyde is the CEO of PipFarm. He is an ex-executive of cTrader and has experience spanning over a decade as the head of the online trading industry. He has worked side by side with a number of established entities, meaning that he bears the knowledge regarding every aspect of the online trading space.
That being said, you can expect James to apply his previous experience with product development, corporate governance, and risk management into ensuring that PipFarm will exceed every single trader’s expectations.
Funding Program Options
PipFarm provides its traders with three unique funding program options:
- Two-step Evaluation
- Static Evaluation
- Trailing Evaluation
Two-step Evaluation
PipFarm’s Two-step Evaluation This allows account sizes from $5,000 up to $300,000. The goal here is to identify traders who are disciplined, profitable, and can better manage risk while trading throughout the two-step evaluation period. Trading with two-step evaluation: you can use up to 1:30 leverage (1:50 leverage when you achieve the 50 XP milestone).
Account Size | Price |
---|---|
$5,000 | $50 |
$10,000 | $100 |
$20,000 | $150 |
$50,000 | $300 |
100,000 | $550 |
$200,000 | $1,100 |
$300,000 | $1,550 |
In the first evaluation phase, a trader is supposed to reach a profit target of 6% without exceeding their 3% maximum daily loss rule or 9% maximum loss rule. As far as time limits go, you will not have a maximum trading day requirement for phase one. However, you will be expected to have at least 3-5 profitable trading days to be allowed into phase two.
Phase two of evaluation requires a trader to achieve a profit target of 6% but not exceed their maximum daily loss of 3% or maximum loss of 9%. In relation to time constraints, observe that you are not restricted in terms of maximum trading days at this point, but you must have at least 3-5 successful trading days to progress to a funded account.
completing both phases of the evaluation means you get a funded account with a minimum withdrawal amount of 3% of the initial account balance. You only need to abide by the rules of 3% maximum daily loss and 9% maximum loss. Your first payout is after 3-5 profitable trading days after you place your first position on your funded account, and all other withdrawals can also be made on a bi-weekly basis. The payouts will be in the form of 70% up to 95% based on the profit made on the funded account. Then remember that you are given only 365 days’ time limit to increase your funded account to the next level.
Profit Split Ranking
Now if you have a funded account and your profit is between 0-3%, then your profit split is 70%.
If your profit for a funded account lies between 3-6%, then your profit split will be 75%.
If the profit for a funded account lies between 6-9%, then your profit split is 80%
If a funded account has made profits ranging from 9-12%, your profit split is 85%.
If a funded account has made profits of over 12%, then your profit share will be 90%.
Two-step Evaluation Scaling Plan
Two-step Evaluation also has a scaling plan. If a trader is able to reach a 12% profit target within a 30 calendar day period, you will be able to scale your account up to the next available account size. PLEASE NOTE: if you decide to scale your account you are not required to forfeit the profits. Also, note that you have a 365-day rolling period by which you have to size up the funded account to the next level. When you achieve Series D, you will reach the top of the capital allocation. You will only need to be requested for a minimum withdrawal of 1 every 365 days.
Two-step Evaluation Trading Rules & Objectives
Profit Target – Traders must make a specified level of profit in order to close an evaluation period successfully, withdraw earnings, or to grow their trading account. Phase 1 profit target is set at 6% while Phase 2 profits also need to achieve a profit target of 6%. For funded accounts, the withdrawal requirement is at 3% which can be reduced to 1% with the use of XP Feature Ranks.
Maximum Daily Loss – Highest amount a trader can lose in one trading day without losing the account. Every account type possesses a daily maximum loss of 3%. (It can be increased up to 5% via the XP Feature Ranks)
Maximum Loss – This is the cumulative maximum amount a trader is permitted to be down on without triggering a violation of the account. All accounts have a maximum loss of 9%. (Scaleable up to 10% through the XP Feature Ranks)
Minimum Trading Days for Profits – The minimum number of profitable trading days you need to achieve before you can end an evaluation phase successfully. You will have a minimum trading days requirement of 3-5 days in both evaluation phases as well as when funded, during which time you’ll have to be making 0.5% per day in profit. ($5k – $100k accounts have a 3-day requirement, $200k account has a 4-day requirement, and $300k has a 5-day requirement)
Static Evaluation
PipFarm’s Static Evaluation gives account managers the ability to handle any account size between $5,000 and $300,000. Its purposes are to find self-disciplined traders who remain profitable and able to manage their risks effectively within a one-step evaluation period. The Static Evaluation allows you to trade with a leverage of 1:30 (1:50 leverage by reaching the 50 XP milestone).
Account Size | Price |
---|---|
$5,000 | $50 |
$10,000 | $100 |
$20,000 | $150 |
$50,000 | $300 |
100,000 | $550 |
$200,000 | $1,100 |
$300,000 | $1,550 |
The evaluation stage needs a trader to reach their profit target of 12% while not exceeding their 3% maximum daily loss or 6% maximum loss rules. With regards to time limits, you should know that there are no maximum trading day requirements in phase one. Instead, you will need to achieve a minimum of 3-5 profitable trading days to enter a funded account.
You receive a funded account with a minimum withdrawal amount of 3% of the initial account balance after completing the evaluation phase. You only have to be able to respect the 3% maximum daily loss and 6% maximum loss rules. Your first payout will be after 3-5 consecutive profitable trading days from the day you open your first position on your funded account, while all other withdrawals may also be submitted bi-weekly. Your payouts will comprise of 70% up to 95% dependant on the profit you generate on your funded account. Additionally, note that you have a maximum time span of 365 days to scale your funded account to the next level.
Profit Split Ranking
If a funded account has made profits between 0-3%, the profit split is 70%.
If a funded account has made profits between 3-6%, then your profit split is 75%.
If a funded account has made profits ranging from 6-9%, then your profit split is 80%.
If a funded account has generated a profit between 9-12%, your profit split is 85%.
If a funded account has generated a profit of over 12%, your profit split is 90%.
Static Evaluation Scaling Plan
Static Evaluation also has a scaling plan. If you’re able to hit your profit target of 12% within a 30-day calendar period, you will be allowed to scale your account to the next available account size. Also note that should you decide to scale your account, you will not be asked to forfeit your profits. Additionally, note that you have a capping timeframe of 365 days to scale up your funded account to the next level. Once you go beyond Series D, you will be at maximum allocation capital. The only requirement from that point onwards is that you must submit at least 1 withdrawal every 365 days.
Static Evaluation Trading Rules & Objectives
Profit Target – Traders have to hit a specified profit percentage to successfully close an evaluation period, withdraw profit, or size their trading account. The profit target for the evaluation phase is set at 12%. Funded accounts require a 3% withdrawal threshold that can be reduced to 1% through the XP Feature Ranks.
Maximum Daily Loss: The highest amount that the trader can lose in one trading day without depleting his or her account. All account sizes have a maximum daily loss of 3%. (Scaleable up to 5% through the XP Feature Ranks)
Maximum Loss: The maximum amount of loss a trader is allowed to lose throughout the account before it’s breached. All account sizes come with a maximum loss of 6%. (Scalable up to 7% through the XP Feature Ranks)
Minimum Profitable Trading Days – The minimum amount of profitable trading days you must have before you can close out an evaluation phase. In the evaluation phase, as well as after funding, you will have a minimum trading day requirement of 3-5 days and must end each one with a daily profit of at least 0.5%. ($5k-$100k accounts must end in 3 days; $200k account in 4 days; and $300k account in 5 days)
Trailing Evaluation
ipFarm’s Trailing Evaluation gives traders the possibility to control accounts, with sizes ranging from $5,000 up to $300,000. The goal is to try to find a disciplined trader who is profitable and who properly handles risk during one step of evaluation. The Trailing Evaluation allows you to trade with leverage up to 1:30 (1:50 leverage by reaching the 50 XP milestone).
Account Size | Price |
---|---|
$5,000 | $50 |
$10,000 | $100 |
$20,000 | $150 |
$50,000 | $300 |
100,000 | $550 |
$200,000 | $1,100 |
$300,000 | $1,550 |
For the evaluation phase, a trader is expected to attain a profit of 12% without exceeding their maximum 3% daily loss or 12% maximum trailing loss rule. As for time restrictions, you should know that you don’t have a maximum trading day requirement in the first phase. Nevertheless, you are expected to attain at least 3-5 winning trading days before advancing to a funded account.
After passing the evaluation phase, you are credited with a funded account with at least 3% withdrawn from the initial account balance. You must only respect the rules of maximum of 3% for your daily loss and 12% for trailing loss. Your first payout is after 3-5 profitable trading days from the day that you place your first position on your funded account, while all other withdrawals can also be submitted on a bi-weekly basis. Your payouts will consist of 70% up to 95% based on the profit that you earn on your funded account. For your information, you have a total of 365 days to scale your funded account up to the next stage.
Profit Split Ranking
If a funded account has generated a profit between 0-3%, your profit split is 70%.
A funded account that achieves a profit between 3-6% means your profit split is 75%.
If your funded account has generated 6-9% profit, your profit split is 80%.
Assuming the account has been funded and a minimum profit of 9-12%, your profitability split remains at 85%.
And if a funded account has gained more than 12%, then your share of profit is 90%
Trailing Evaluation Scaling Plan
Trailing Evaluation also has a scaling plan. If you reach a 12% profit target within a 30 calendar day period, you can scale your account up to the next available account size. Note that, if you do decide to scale your account, you will not have to forfeit your profits. But, do know that you will have only 365 days to scale your funded account up to the next level. Once you reach Series D, you will hit the maximum allocation capital. From then on, all that you’ll have to ask for is a minimum of 1 withdrawal every 365 days.
Trailing Evaluation Trading Rules & Objectives
Profit Target – The purpose of attaining a predetermined level of profit is to win an evaluation phase, withdraw profits, or expand a trading account. The profit target for the evaluation phase is 12%. For Funded accounts, there is a requirement for 3% withdrawal that can be reduced to 1% using the XP Feature Ranks.
Maximum Daily Loss – The maximum amount of loss a trader can incur in a single day, without violating the account. All account sizes have a maximum daily loss of 3%. (Scaleable up to 5% through the XP Feature Ranks)
Maximum Trailing Loss – The maximum trailing loss that the account allows you to lose before it breaches the account is determined by the difference between the highest point reached in your account balance and the lowest point experienced in the drawdown. Compared with other prop firms, however, PipFarm resets the highest achieved account balance back to the balance after withdrawal if it requests a payout, so you don’t get penalized for withdrawing your profits. As a result, all accounts have a maximum trailing loss of 12%. (Scaleable up to 13% through the XP Feature Ranks)
Minimum Profitable Trading Days – The minimum profitable trading day requirement you must meet before you can close out an evaluation phase successfully. During the evaluation phase and subsequently funded, your minimum trading days will be 3-5 trading days per day, where you are expected to make a 0.5% profit per day. ($5k-$100k accounts 3 days, $200k 4 days, $300k 5 days)
XP Feature
XP feature has been added to the game, empowering traders when trading and unlocking power-ups as well as some more rewards with every rank until you finally reach the final 5th rank. There are many different methods in which to earn XP whilst trading with PipFarm.
How To Earn XP?
Requirement | XP Reward |
---|---|
Start an Evaluation | 1 XP |
Get 1 Extra XP on Payouts (One Time Quest) | 1 XP |
Pass KYC Process | 2 XP |
Pass an Evaluation | 3 XP |
Receive a Payout | 1 XP |
Scale to Level 2 | 2 XP |
Scale to Level 3 | 3 XP |
Scale to Level 4 | 4 XP |
Make an Overall Profit of 200 Pips on Your Account (One Time Quest) | 2 XP |
Be Profitable for 5 Consecutive Days on Your Account (One Time Quest) | 2 XP |
Execute a Single Trade With a 50 Pip Profit (One Time Quest) | 1 XP |
XP Milestones
Now that you understand how you can earn XP, take a look below to see what certain milestones award you with.
Milestone | Required XP | Awarded Power-Ups |
---|---|---|
Rank 1 | 10 XP | – 75% Profit Share (Increased from 70%) – 28-Day Inactivity Period (Increased from 14-Days) – 50% Lower Commissions (Decreased from $6/Lot) – Weekly Payouts (Reduced from Bi-weekly Payouts) |
Rank 2 | 25 XP | – 80% Profit Share (Increased from 75%) – 10% Capital Boost (10% Capital Added to Your Starting Balance) – 2% Minimum Payout Requirement (Reduced from 3%) – 5% Lifetime Discount on Challenges – 4% Maximum Daily Loss (Increased from 3%) |
Rank 3 | 50 XP | – 1:50 Max Leverage (Increased from 1:30) – 85% Profit Share (Increased from 80%) – No Commissions (Completely Removes Commission Fees) – 10% Lifetime Discount on Challenges – Free $20k Evaluation Account |
Rank 4 | 100 XP | – +1% Maximum Loss (Static Increases to 7%, Trailing Increases to 13%) – 90% Profit Share (Increased from 85%) – 1% Minimum Payout Requirement (Reduced from 2%) – 15% Lifetime Discount on Challenges – Free $50k Evaluation Account |
Rank 5 | 200 XP | – 5% Maximum Daily Loss (Increased from 4%) – 95% Profit Share (Increased from 90%) – Daily Payouts (Reduced from Weekly Payouts) – 100% Scaling Increment (Increased from 50%) – Free $100k Evaluation Account |
Kill Switch Feature
What Makes PipFarm Different From Other Prop Firms?
PipFarm It differs with other industry-leading prop firms since it offers three funding programs, two-step evaluation and two one-step evaluations. They also offer many positive features, including a year-round trading term, a static maximum loss rule on Two-step Evaluation and Static Evaluation, bi-weekly payouts that can be readily changed to on-demand payouts, a kill switch feature for simpler risk management, and a singular XP ranking feature allowing traders a chance to profit at will whenever they advance to a certain level.
PipFarm’s Two-step Evaluation is a two-step evaluation, making you conduct two phases in order to be eligible to receive payouts. The profit target for the two evaluation phases is 6%. The maximum daily and maximum loss rules are 3% and 9%, respectively. And most importantly, you have no maximum trading day requirements during both evaluation phases. However, you need to have at least 3-5 profitable trading days during every evaluation period in every account size. The Two-step Evaluation has an unique scaling plan; traders can handle even bigger account sizes. This Two-step Evaluation stands out from other funding programs in the industry for having a whole year trading period, a static maximum loss rule, bi-weekly payouts, which can become on-demand payouts in certain situations, and a unique XP ranking feature to which an opportunity to benefit can be granted every time a milestone is reached.
Example of comparison between PipFarm & FundedNext
Trading Objectives | PipFarm | FundedNext (Two-step Stellar) |
---|---|---|
Phase 1 Profit Target | 6% | 8% |
Phase 2 Profit Target | 6% | 5% |
Maximum Daily Loss | 3% | 5% |
Maximum Loss | 8% | 10% |
Minimum Trading Days | 3, 4, or 5 Profitable Days | 5 Calendar Days |
Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
Profit Split | 70% up to 95% | 80% up to 95% |
Example of comparison between PipFarm & Alpha Capital Group
Trading Objectives | PipFarm | Alpha Capital Group |
---|---|---|
Phase 1 Profit Target | 6% | 8% |
Phase 2 Profit Target | 6% | 5% |
Maximum Daily Loss | 3% | 5% |
Maximum Loss | 8% | 10% |
Minimum Trading Days | 3, 4, or 5 Profitable Days | 3 Calendar Days |
Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
Profit Split | 70% up to 95% | 80% |
Example of comparison between PipFarm & TopTier Trader
Trading Objectives | PipFarm | TopTier Trader |
---|---|---|
Phase 1 Profit Target | 6% | 10% |
Phase 2 Profit Target | 6% | 5% |
Maximum Daily Loss | 3% | 5% |
Maximum Loss | 8% | 10% |
Minimum Trading Days | 3, 4, or 5 Profitable Days | 4 Calendar Days |
Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
Profit Split | 70% up to 95% | 80% up to 90% |
PipFarm’s Static Evaluation: One-step evaluation on which the trader must successfully complete one phase to qualify for payouts. The profit target is 12%. It comes with maximum 3% loss rules on any trading day, and maximum loss per week is about 12%. You have no maximum trading days when you are in the evaluation. However, the minimum number of 3-5 profitable trading days in the evaluation will depend on the size of the account. Static Evaluation also has a special scaling plan so that traders may be able to deal with even larger account sizes. Compared to other funding programs in the industry, Static Evaluation stands out mainly because it has a year-long trading period, static maximum loss rule, bi-weekly payouts, which can turn into on-demand payouts, and unique XP ranking feature to offer an opportunity for the traders to benefit whenever they hit a certain milestone.
Example of comparison between PipFarm & Blue Guardian
Trading Objectives | PipFarm | Blue Guardian |
---|---|---|
Profit Target | 12% | 10% |
Maximum Daily Loss | 3% | 4% |
Maximum Loss | 6% | 6% (Trailing) |
Minimum Trading Days | 3, 4, or 5 Profitable Days | 3 Calendar Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 70% up to 95% | 85% |
Example of comparison between PipFarm & Goat Funded Trader
Trading Objectives | PipFarm | Goat Funded Trader |
---|---|---|
Profit Target | 12% | 10% |
Maximum Daily Loss | 3% | 4% |
Maximum Loss | 6% | 6% |
Minimum Trading Days | 3, 4, or 5 Profitable Days | No Minimum Trading Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 70% up to 95% | 75% up to 95% |
Example of comparison between PipFarm & FXIFY
Trading Objectives | PipFarm | FXIFY |
---|---|---|
Profit Target | 12% | 10% |
Maximum Daily Loss | 3% | 5% |
Maximum Loss | 6% | 6% (Trailing) |
Minimum Trading Days | 3, 4, or 5 Profitable Days | 5 Calendar Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 70% up to 95% | 75% up to 90% |
PipFarm’s Trailing Evaluation is a one-step evaluation where traders are only eligible for payout after successfully completing a single phase. Profit target: 12%, with 3% maximum daily and 12% maximum trailing loss rules. You also don’t have maximum trading day requirements while in the evaluation phase. However, there are some requirements in terms of minimum 3-5 profitable trading days in the evaluation phase based on the account size. And Trailing Evaluation has its unique scaling plan that allows management of even larger account sizes. Compared to other funding programs within the industry, Trailing Evaluation primarily differs in its year-long trading period, and bi-weekly payouts that can turn into on-demand payouts. Another unique ranking feature is XP ranking, which gives traders the chance to gain profit at each significant level reached.
Example of comparison between PipFarm & FTUK
Trading Objectives | PipFarm | FTUK |
---|---|---|
Profit Target | 12% | 10% |
Maximum Daily Loss | 3% | 4% |
Maximum Loss | 12% | 8% (Trailing) |
Minimum Trading Days | 3, 4, or 5 Profitable Days | 4 Calendar Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 70% up to 95% | 50% up to 80% |
Example of comparison between PipFarm & Funded Trading Plus
Trading Objectives | PipFarm | Funded Trading Plus |
---|---|---|
Profit Target | 12% | 10% |
Maximum Daily Loss | 3% | 4% |
Maximum Loss | 12% | 6% (Trailing) |
Minimum Trading Days | 3, 4, or 5 Profitable Days | No Minimum Trading Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 70% up to 95% | 80% up to 100% |
Example of comparison between PipFarm & MyFundedFX
Trading Objectives | PipFarm | MyFundedFX |
---|---|---|
Profit Target | 12% | 10% |
Maximum Daily Loss | 3% | 4% (Scaleable up to 6%) |
Maximum Loss | 12% (Trailing) | 6% (Trailing) (Scaleable up to 12%) |
Minimum Trading Days | 3, 4, or 5 Profitable Days | No Minimum Trading Days |
Maximum Trading Period | Unlimited | Unlimited |
Profit Split | 70% up to 95% | 80% up to 92.75% |
In conclusion, PipFarm Unlike the other industry-leading prop firms, three funding programs exist on Offered, two-step evaluation and two one-step evaluations. They also offer a number of favorable features, including a year-long trading period, a static maximum loss rule on Two-step Evaluation and Static Evaluation, bi-weekly payouts, which can become on-demand payouts, a kill switch feature for easier risk management, and a unique XP ranking feature, giving the traders an opportunity to benefit whenever they reach a particular milestone.
Is Getting PipFarm Capital Realistic?
It’s therefore very important to assess the feasibility of trading needs when considering proprietary trading firms that match your style of forex trading. A company may be attractive with a high percentage profit split on a generously funded account, but the likelihood begins to decrease greatly if such a firm demands a huge monthly gain with low maximum drawdown percentages.
Furthermore, time constraints must be evaluated with an open-ended trading period preferred since it negates the pressure attached to time constraints. Lastly, it is important that one learns the trading rules during the evaluation and subsequent funding stages so as to avoid the risk of accidentally violating your trading account terms.
Receiving capital from the Two-step Evaluation is plausible mainly because of its relatively modest profit requirements (6% in both evaluation phases) in tandem with slightly below-average maximum drawdown rules (3% maximum daily and 9% maximum loss). There are no maximum trading day requirements, but there is a minimum profitable trading day requirement of 3-5 calendar days depending on the account size. In addition, after two rounds of evaluation are successfully accomplished, the member is eligible for payments with a favorable profit sharing of 70% to 95%.
It is possible to receive capital from the Static Evaluation because it only has above-average requirements for profit, at 12% as well as average maximal loss rules, 3% per day and 6% maximal loss. It is important to note that there are no maximum trading day requirements while having a minimum profitable trading day requirement of 3-5 calendar days, depending on the account size. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 70% up to 95%.
Capital from the Trailing Evaluation can be received realistically on account of its slightly above-average profit target of 12% along with above-average maximum loss rules of 3% maximum daily and 12% maximum trailing loss. No maximum trading day requirements apply while having a minimum profitable trading day requirement of 3-5 calendar days only depending upon the account size. Further, upon completing the evaluation phase, a participant gets eligible for payouts with an attractive profit split of 70% to 95%.
Considering all these factors, PipFarm is highly recommended because you get the opportunity to choose from three funding programs and realistic conditions for qualifying payouts.
Payment Proof
PipFarm is a proprietary trading firm that has been incorporated on June, 2023. This company was developed by James Glyde, a former cTrader executive extending over a decade of experience at the head of the online trading industry. He has worked with a multitude of established firms, meaning that he has complete knowledge of the entire online trading market.
On the other hand, while working with PipFarm and having reached funded status using the Two-step Evaluation, Static Evaluation, or Trailing Evaluation, you will be due your first payout once you reach a 3% withdrawal target and have passed 3 calendar days. However, from your first payout onwards, you will also be paid each time you hit the 3% withdrawal target per 14 calendar days. You will also qualify for on-demand payouts based on a minimum withdrawal requirement of1% through the XP feature. Your profit split will be as generous as 70% up to 95% of the profit that you have generated on your funded account.
When it comes to the payment proof on PipFarm, it is mostly available on their Discord channel, where you could already find payout certificates and payment proof by the first traders having managed to reach funded status and qualify for their first payouts.
Which Broker Does PipFarm Use?
PipFarm is teamed up with TopFX as a brokerage.
In relation to trading platforms, while you are on PipFarm, they do allow you to trade on cTrader.
Trading Instruments
As mentioned above, PipFarm is partnered with TopFX, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, and cryptocurrencies with a leverage of up to 1:30 (1:50 leverage by reaching the 50 XP milestone), depending on the trading instrument that you are trading.
Forex Pairs
AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD | AUD/SGD | AUD/USD |
CAD/CHF | CAD/JPY | CHF/JPY | CHF/PLN | CHF/SEK | CHF/SGD |
DKK/NOK | DKK/SEK | EUR/AUD | EUR/CAD | EUR/CHF | EUR/CZK |
EUR/DKK | EUR/GBP | EUR/HKD | EUR/HUF | EUR/JPY | EUR/MXN |
EUR/NOK | EUR/NZD | EUR/PLN | EUR/SEK | EUR/SGD | EUR/TRY |
EUR/USD | GBP/AUD | GBP/CAD | GBP/CHF | GBP/JPY | GBP/NOK |
GBP/NZD | GBP/PLN | GBP/SEK | GBP/SGD | GBP/USD | NOK/JPY |
NOK/SEK | NZD/CAD | NZD/CHF | NZD/JPY | NZD/SGD | NZD/USD |
USD/CAD | USD/CHF | USD/CNH | USD/CZK | USD/DKK | USD/HKD |
USD/HUF | USD/JPY | USD/MXN | USD/NOK | USD/PLN | USD/SEK |
USD/SGD | USD/TRY | USD/ZAR |
Commodities
XAG/EUR | XAG/USD | XAU/EUR | XAU/USD | WTI |
BRENT | NGAS |
Indices
NED25 | AUS200 | GER40 | US30 | FR40 |
UK100 | SP35 | JPN225 | US100 | US500 |
SWI20 | STOXX50 | IT40 |
Cryptocurrencies
BTC/USD | ETH/USD | XRP/USD | BCH/USD | DSH/USD |
Trading Fees
Trading Commission
Trading Instrument | Commission Fee |
FOREX | 6 USD / LOT |
COMMODITIES | 6 USD / LOT (Only Metals) |
INDICES | 0 USD / LOT |
CRYPTO | 0 USD / LOT |
50% Lower Commission ($3 / LOT) by reaching the 10 XP milestone &
Zero Commission ($0 / LOT) by reaching the 50 XP milestone
Spread Account
To check the live spreads, log in to the trading account below.
Platform | Server | Login Number | Password | Download Platform |
cTrader | – | – | – | Click here |
Education
PipFarm doesn’t provide any additional educational content to their community.
However, PipFarm provides traders with a well-crafted trading dashboard that monitors progress, accesses trading goals, and key statistics. The feature also contributes to effective risk management for a smooth trading experience.
PipFarm Trading Dashboard
Trustpilot Feedback
PipFarm has gathered an excellent score on Trustpilot based on their community’s feedback.
On Trustpilot, PipFarm has a vast variety of their community commenting and giving positive ratings about the services offered by their company. The organization has a fantastic rating of 4.6 out of 5 from 31 reviews. Importantly, 87% of these reviews were of 5-star rating for PipFarm.
The first client had a wonderful experience with PipFarm and believes the program. He mentioned that there is very strong respect for the CEO, who’s been at cTrader for years, so is well-known throughout the forex community. He advised avoiding using unknown prop firms as that could lead to problems.
The second customer was in PipFarm recently and got attracted to this prop firm because they provide cTrader. Their first experience has been great, and this customer specially praised the branding of the company.
Social Media Statistics
PipFarm can also be found on numerous social media platforms.
60 Followers & 48 Likes | |
3,930 Followers | |
359 Followers | |
159 Followers | |
Discord | 1,700 Members |
Telegram | 108 Members |
Customer Support
Live Chat | ✅ |
support@pipfarm.com | |
Discord | Discord Link |
Telegram | Telegram Link |
FAQ | FAQ Link |
Supported Languages | English |
Account Opening Process
Registration Form – Register with PipFarm by filling out the registration form with your personal details and logging into the trading dashboard.
Choose Your Account Size – Choose your account type and account size.
Apply Discount Code – Apply our discount code FOREXPROPREVIEWS and enjoy a 20% discount on both PipFarm account types.
Choose Payment Method – Choose between a credit/debit card, PayPal, Skrill, and cryptocurrency payment methods.
Conclusion
In conclusion, PipFarm is a genuine and reliable proprietary trading firm giving trades the option to take either of their three funding programs: the Two-step Evaluation, which is a two-step program, or the Static Evaluation or Trailing Evaluation, which is a one-step evaluation.
The PipFarm’s Two-step Evaluation is the industry-standard two-step evaluation that will need to go through two phases to become qualified to manage a funded account and work for a 70% up to 95% profit split. Traders must reach profit targets of 6% in both evaluation phases to become successfully funded. These are realistic trading objectives, considering you have a 3% maximum daily and 9% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during either evaluation phase. However, you need to have at least 3-5 successful trading days in the evaluation cycle of each trade according to the size of your account. Finally, it is great to say that the Two-step Evaluation plan involves a scaling plan wherein you can grow your initial account balance.
PipFarm’s Static Evaluation is a one-step evaluation that requires to trade one phase before becoming eligible to manage a funded account and earn 70% up to 95% profit splits. To become successfully funded, you must achieve a 12% profit target. These are achievable trading goals, given the rules of a maximum 3% daily and 6% maximum loss. With regard to the time constraints, you have a maximum trading day limit that is set at 1 year during the evaluation phase. You are further required to have at least 3-5 profitable trading days within the evaluation phase with relation to account size. Finally, there is the need to remember that Static Evaluation features a scaling plan where you get a chance to increase your initial account balance.
PipFarm’s Trailing Evaluation is a one-phase evaluation that must be completed before you can become eligible to manage a funded account and collect 70% up to 95% profit splits. Traders have to achieve a profit target of 12% to successfully get funded. These are pretty realistic trading objectives, considering you have a 3% max daily and 12% max trailing loss rules to follow. Regarding your time limit, you must have a minimum trading day requirement of 1 year during the evaluation phase. You also need to have a minimum of 3-5 profitable trading days in the evaluation phase, depending on the size of your account. Lastly, note that Trailing Evaluation has a scaling plan which gives you a chance to increase your initial account balance.
I would recommend PipFarm to individuals seeking a reputable proprietary trading firm that provides good trading conditions to cater to the various needs of diverse individuals with unique trading styles. They present unique features for traders, like a full year in trading, a static maximum loss rule on two-step and static evaluation, bi-weekly payouts that could easily turn into on-demand payouts, a kill switch for easier management of risks, as well as a special XP ranking that allows traders to gain at each milestone. After considering everything PipFarm has to offer to traders all across the globe, they are indeed a very desirable choice in the prop trading industry.
Our detailed review of PipFarm was last updated on 24.10.2024 at 08:17 (CE(S)T).
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