PipFarm allows news trading, with a maximum daily loss limit of 3% and a total drawdown of 9%. Traders can use the XP progression system to reduce commissions and increase splits.
It offers crypto and other instruments on the cTrader platform. The firm accepts Visa, Skrill, and Binance Pay payments made every 14 days.
PipFarm Company Information
PipFarm is an exciting new player in the proprietary trading space. It launched in 2023 and quickly made a name for itself. Based in Singapore, PipFarm aims to shake up the prop firm industry with its trader-friendly policies and innovative features. Let's take a closer look PipFarm general information:
- Founding location: Singapore
- Founding year: 2023
- CEO: James Glyde
- Account sizes: from 5k to 300k
- Challenge prices: from $50 to $1,550
PipFarm Prop Firm Summary of Specifications
To give you a quick overview of PipFarm's key offering, here's a summary of the main specifications:
Account currency | USD |
Minimum price | $50 |
Maximum leverage | 1:50 |
Maximum profit split | 95% |
Instruments | Forex, crypto, indices, energy, metals |
Assets | USD/GBP, Bitcoin, S&P 500, Gold, Natural Gas |
Evaluation steps | 2 |
Trading platform | cTrader |
Withdrawal methods | Rise, Skrill, Binance Pay |
Maximum fund size | $300,000 |
First profit target | 6% |
Maximum daily loss | 3% |
Challenge time limit | 14 days |
News trading | Yes |
Maximum total drawdown | 6% static, 12% trailing |
Commission per round lot | 6$ |
Trust pilot score | 4.6/5 |
Payout frequency | 14 days |
Established country | Singapore |
Established year | 2023 |
PipFarm Pros & Cons
As with any prop firm, PipFarm has its strengths and potential drawbacks. Here's a balanced look at the pros and cons:
Advantages | Disadvantages |
High profit splits (up to 95%) | Relatively new firm (established 2023) |
Flexible funding options and scaling program | Low daily drawdown limit |
Unique XP system to unlock better conditions | |
Use of advanced cTrader Trading platform |
PipFarm Funding Programs and Challenge Price
PipFarm offers a range of account sizes to suit different trader needs and experience levels. Here's a breakdown of their funding options and associated challenge fees:
Funding size | $5,000 | $10,000 | $20,000 | $50,000 | $100,000 | $200,000 | $300,000 |
Evaluation price | $50 | $100 | $150 | $300 | $550 | $1,050 | $1,550 |
One of PipFarm's standout features is its scaling program. Traders who consistently meet profit targets can qualify for additional funding rounds every 30 days, potentially scaling their account up to $1.5 million.
PipFarm Sign-up & Verification Guide
Getting started with PipFarm is a straightforward process. Here's a step-by-step guide to registering and verifying your account:
- Visit the PipFarm website and click the "Join Now" button;
- Choose your evaluation plan and click on āBuy Now;ā
- Click on āRegister;ā
- Enter your email address and create a password for your account;
- Enter your personal details and the choose payment method in the PipFarm checkout form;
Fill in personal information in the PipFarm checkout form - Complete purchase process.
- Verify your account by uploading a clear photo or scan of a government-issued ID and a proof of address document (utility bill, bank statement
Verify your account by uploading a clear photo or scan of a government-issued ID and a proof of address document (utility bill, bank statement).
PipFarm Prop Firm Evaluation Steps Overview
PipFarm offers traders flexibility in their evaluation, with both one-stage and two-stage options available. Let's break down each approach:
One-Stage Evaluation:
Account Size | $5k | $10k | $20k | $50k | $100k | $200k | $300k |
Maximum daily drawdown | 3% | ||||||
Drawdown type | Trailing and static | ||||||
Maximum static drawdown | 6% | ||||||
Profit target | 12% | ||||||
Profit split | Up to 90% | ||||||
Minimum challenge fee | $50 | $100 | $150 | $300 | $550 | $1,050 | $1,550 |
This challenge type is suitable for traders who want to get funded as soon as possible.
Two-Stage Evaluation:
Account Size | $5k | $10k | $20k | $50k | $100k | $200k | $300k |
Maximum daily drawdown | 3% | ||||||
Drawdown type | Static | ||||||
Maximum drawdown | 9% | ||||||
Profit target (for stage 1 and 2) | 6% | ||||||
Profit split | Up to 90% | ||||||
Minimum challenge fee | $50 | $100 | $150 | $300 | $550 | $1,050 | $1,550 |
This account is designed for traders who prefer a gradual approach to become a funded.
Bonuses and Discounts in PipFarm Prop Firm
PipFarm regularly offers discount bonuses on third-party websites. This incentivizes traders to buy an account at a discounted fee and start their prop trading journey. PipFarm has an affiliate program as well, which allows traders to refer their friends and earn up to 20% commission or even 50% discount codes for buying new challenges.
PipFarm also has an XP plan that provides several benefits, including lowered commissions, higher profit split, and daily payouts for professional traders.
Instruments & Symbols in PipFarm
PipFarm offers a diverse range of tradable instruments across multiple asset classes:
- Forex: Major, minor, and exotic currency pairs
- Cryptocurrencies: Bitcoin, Ethereum, and other popular digital assets
- Energy: Natural gas, Brent, and WTI oil
- Metals: Gold and silver
- Indices: Major global stock indices like S&P 500, NASDAQ, FTSE 100
This wide selection allows traders to diversify their strategies and take advantage of opportunities across different markets.
PipFarm Prop Firm Payment Methods
PipFarm offers several convenient payment options for both challenge fees and trader payouts:
- Visa/MasterCard: For easily paying challenge fees
- Riseworks: A popular digital payment processor offering fast and secure transactions.
- Binance Pay and Coinbase: Allows payments using cryptocurrencies through the Binance exchange platform.
- Skrill: A widely-used e-wallet service for online payments and money transfers.
- Paypal: Using your E-wallet for fast and secure payment
The addition of Binance Pay is particularly noteworthy, as it allows traders to easily use cryptocurrencies for payments and withdrawals. This can be advantageous for international traders who may face challenges with traditional banking methods.
Payout processing times are generally fast, with most withdrawals processed within 1-3 business days. Traders who reach higher XP levels can unlock even faster payout options.
PipFarm Commission & Trading Costs
Understanding the fee structure is crucial when evaluating any prop firm. Here's a breakdown of PipFarm's main costs:
- Challenge Fees: One-time fees ranging from $50 (for a $5,000 account) to $1,050 (for a $300,000 account)
- Trading Commissions: $6 per lot round turn (can be reduced to $0 through XP progression)
- Spreads: Variable, starting from 0.1 pips
- Overnight Fees (Swaps): Apply to positions held overnight
- Inactivity Fee: None
- Payout Fees: PipFarm doesnāt charge any payout fee
PipFarm's commission structure is generally competitive, especially considering the high-profit splits offered. The ability to reduce or eliminate per-lot commissions through the XP system is a significant advantage for frequent traders.
PipFarm Prop Educational Materials
While PipFarm's educational offerings aren't as extensive as some larger prop firms, they do provide several valuable resources for traders:
- Trading Guides: Articles and tutorials covering various aspects of prop trading and PipFarm's specific rules;
- Platform Tutorials: Detailed guides on using the cTrader platform effectively;
- FAQ Section: Comprehensive answers to common questions about PipFarm's programs and policies;
- Blog: Regular posts on trading strategies, market analysis, and prop trading tips.
While PipFarm's educational content is growing, traders looking for extensive prop-specific training may need to supplement it with external resources.
PipFarm Trust Scores and Reviews
As a relatively new firm, PipFarm's online reputation is still developing. However, early reviews are mainly positive. This platform has gained 4.6 stars out of 5 on the Trustpilot website.
While the number of reviews is still relatively low, the consistently high ratings are a promising sign. Traders appreciate PipFarm's responsive support team and the overall user experience. As with any newer firm, it's important to monitor ongoing reviews and conduct your own due diligence before committing significant capital.
PipFarm Support Review
Responsive customer support is crucial for any prop firm, and PipFarm appears to take this seriously. They offer multiple channels for traders to get assistance:
- Live Chat: Available on the PipFarm website during business hours for quick queries.
- Email Support: support@pipfarm.com
- Discord Community: An active Discord (https://discord.com/invite/pipfarm) server where traders can interact with each other and PipFarm staff.
Traders report generally positive experiences with PipFarm's support team, praising their quick response times and helpful attitudes.
PipFarm Prop Social Media Channels
PipFarm maintains an active presence across several social media platforms:
- X (Twitter): https://x.com/thepipfarm
- Facebook: https://www.facebook.com/PipFarmApp
- Instagram: https://www.instagram.com/thepipfarm/
PipFarm's social media strategy focuses on building a community around their brand, particularly through Discord and Twitter. While their follower counts are still growing, the engagement levels appear solid, with traders actively participating in discussions and sharing experiences.
TF Expert Suggestion
Overall, PipFarm offers 1-step and 2-step evaluations and uses the cTrader platform for trading. With a 0.1 pips spread, fast payouts, and zero inactivity fees, itās a trader-friendly platform.
The firmās positive feedback on Trustpilot, with a rating of 4.6/5, shows the platformās fair conditions and commitment to payouts.
