PipFarm Review (25% discount code: FOREXPROPREVIEWS)
4.3

PipFarm Review (25% discount code: FOREXPROPREVIEWS)

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.
Home » PipFarm Review (25% discount code: FOREXPROPREVIEWS)
Pros
  • Two Unique Funding Programs
  • Professional Trader Dashboard
  • A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
  • No Maximum Trading Day Requirements
  • 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 90%
  • Overnight & Weekend Holding Allowed
  • News Trading Allowed
  • Unique XP Feature
Cons
  • Relatively New Prop Firm
  • Minimum Withdrawal Requirement of 3%
  • Mandatory Stop-loss (Removable by Qualifying through the XP Feature)
  • Low Leverage up to 1:30 (1:50 by Qualifying through the XP Feature)
  • Trailing Drawdown on Trailing Evaluation (Turned into Absolute by Qualifying through the XP Feature)

PipFarm is a proprietary trading firm that offers traders the opportunity to join and trade their capital. The company is not all about funding. It prioritizes trader growth, provides support, and celebrates traders’ milestones. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $100,000 and receive up to 90% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Who are PipFarm?

PipFarm is a proprietary trading firm with the legal name ECI Ventures Pte. Ltd., which was incorporated in June 2023. They are located in Singapore, and are being managed by CEO James Glyde. PipFarm provides traders with the opportunity to choose between two one-step evaluations while being partnered with a tier-1 liquidity provider with the best simulated real market trading conditions as their 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 a former cTrader executive who extends over a decade of experience at the head of the online trading industry. He has worked alongside numerous well-established entities, meaning that he has an in-depth understanding of the entire online trading space.

That said, you can expect James to apply his previous experience in product development, corporate governance, as well as risk management to ensure that PipFarm exceeds the expectations of every single trader.

Funding Program Options

PipFarm provides its traders with two unique funding program options:

  • Static Evaluation
  • Trailing Evaluation

Static Evaluation

PipFarm’s Static Evaluation provides traders with the opportunity to manage account sizes ranging from $5,000 up to $100,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The Static Evaluation allows you to trade with leverage up to 1:30 (1:50 leverage by reaching the 50 XP milestone).

Account SizePrice
$5,000$60
$10,000$110
$20,000$210
$50,000$350
$100,000$550

The evaluation phase requires a trader to reach a profit target of 12% while not surpassing their 3% maximum daily loss or 6% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of three trading days in order to proceed to a funded account.

By completing the evaluation phase, you are awarded a funded account where you have a minimum withdrawal amount of 3% of the initial account balance. You must only respect the 3% maximum daily loss and 6% maximum loss rules. Your first payout is 3 calendar days from the day 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 90% based on the profit you earn on your funded account. Additionally, keep in mind that you have a maximum time limit of 365 days to scale your funded account to the next stage.

Profit Split Ranking

If a funded account has generated a profit between 0-3%, your profit split is 70%.

If a funded account has generated a profit between 3-6%, your profit split is 75%.

If a funded account has generated a profit between 6-9%, 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 a trader manages to reach a 12% profit target within a 30 calendar day period, you will be able to scale your account to the next available account size. Please note that if you decide to scale your account, you will not be required to forfeit your profits. Additionally, keep in mind that you have a maximum time limit of 365 days to scale your funded account to the next stage. Once reaching the Series D stage, the maximum time limit disappears.

Static Evaluation Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 12%. Funded accounts have a 3% withdrawal requirement.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 3%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 6%.
  • Stop-loss Required – Before initiating a trade, it is mandatory for the trader to place a stop-loss on each position. (Removed by reaching the 10 XP milestone)

Trailing Evaluation

PipFarm’s Trailing Evaluation provides traders with the opportunity to manage account sizes ranging from $5,000 up to $100,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The Trailing Evaluation allows you to trade with leverage up to 1:30 (1:50 leverage by reaching the 50 XP milestone).

Account SizePrice
$5,000$60
$10,000$110
$20,000$210
$50,000$350
$100,000$550

The evaluation phase requires a trader to reach a profit target of 12% while not surpassing their 3% maximum daily loss or 12% maximum trailing loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of three trading days in order to proceed to a funded account.

By completing the evaluation phase, you are awarded a funded account where you have a minimum withdrawal amount of 3% of the initial account balance. You must only respect the 3% maximum daily loss and 12% maximum trailing loss rules. Your first payout is 3 calendar days from the day 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 90% based on the profit you earn on your funded account. Additionally, keep in mind that you have a maximum time limit of 365 days to scale your funded account to the next stage.

Profit Split Ranking

If a funded account has generated a profit between 0-3%, your profit split is 70%.

If a funded account has generated a profit between 3-6%, your profit split is 75%.

If a funded account has generated a profit between 6-9%, 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%.

Trailing Evaluation Scaling Plan

Trailing Evaluation also has a scaling plan. If a trader manages to reach a 12% profit target within a 30 calendar day period, you will be able to scale your account to the next available account size. Please note that if you decide to scale your account, you will not be required to forfeit your profits. Additionally, keep in mind that you have a maximum time limit of 365 days to scale your funded account to the next stage. Once reaching the Series D stage, the maximum time limit disappears.

Trailing Evaluation Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 12%. Funded accounts have a 3% withdrawal requirement.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 3%.
  • Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 12%.
  • Stop-loss Required – Before initiating a trade, it is mandatory for the trader to place a stop-loss on each position. (Removed by reaching the 10 XP milestone)

XP Feature

The XP feature has been implemented to empower traders while trading and unlock power-ups as well as additional rewards with each rank until you reach the final 12th rank. Earning XP can be done in numerous ways while trading with PipFarm.

How To Earn XP?

RequirementXP Reward
Start an Evaluation1 XP
Pass KYC Process2 XP
Pass an Evaluation3 XP
Start Series A (Scale for the first time)1 XP
Start Series B (Scale for the second time)2 XP
Start Series C (Scale for the third time)3 XP
Start Series D (Scale for the fourth and final time)4 XP
Make an Overall Profit of 100 Pips on Your Account2 XP
Be Profitable for 5 Consecutive Days on Your Account5 XP
Execute a Single Trade With a 50 Pip Profit5 XP

XP Milestones

Now that you understand how you can earn XP, take a look below to see what certain milestones reward you.

MilestoneRequired XPReward
Rank 110 XPRemoved Stop-loss Requirement
Rank 220 XPIncreased Inactivity Period to 28 Calendar Days
Rank 330 XPFree VPS & Trade Copier (Between cTrader & MetaTrader 5)
Rank 440 XPDecreased Commission by 50%
Rank 550 XPIncreased Leverage to 1:50
Rank 660 XPOn-demand Payouts
Rank 770 XPIncreased Maximum Daily Loss to 5%
Rank 880 XP10% Capital Boost ($100k to $110k)
Rank 990 XPDecreased Scaling Period to 15 Calendar Days
Rank 10100 XPFree $100k Evaluation Account
Rank 11110 XPTransform Trailing to Absolute Drawdown
Rank 12120 XPDouble Scaling (Previously 50%, Now 100%)

What Makes PipFarm Different From Other Prop Firms?

PipFarm differs from most industry-leading prop firms due to offering two one-step evaluations. In addition, they also provide numerous favorable features, such as an unlimited trading period, a static maximum loss rule on Static Evaluation, weekly payouts, which can become on-demand payouts, and a unique XP feature, providing traders with an opportunity to benefit whenever they reach a certain milestone.

PipFarm’s Static Evaluation is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 12%, with a 3% maximum daily and 12% maximum loss rules. You also have no maximum trading day requirements during the evaluation phase. However, you are required to trade for a minimum of 3 calendar days in the evaluation phase. Static Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, Static Evaluation stands out mainly for having an unlimited trading period, a static maximum loss rule, weekly payouts, which can become on-demand payouts, and a unique XP feature, providing traders with an opportunity to benefit whenever they reach a certain milestone.

Example of comparison between PipFarm & Finotive Funding

Trading ObjectivesPipFarmFinotive Funding (One-step Challenge)
Profit Target12%10%
Maximum Daily Loss3%4%
Maximum Loss6%7.5%
Minimum Trading Days3 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split70% up to 90%75% up to 95%

Example of comparison between PipFarm & Goat Funded Trader

Trading ObjectivesPipFarmGoat Funded Trader
Profit Target12%10%
Maximum Daily Loss3%4%
Maximum Loss6%6%
Minimum Trading Days3 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split70% up to 90%80% up to 95%

Example of comparison between PipFarm & SurgeTrader

Trading ObjectivesPipFarmSurgeTrader (One-phase Audition)
Profit Target12%10%
Maximum Daily Loss3%5%
Maximum Loss6%8% (Trailing)
Minimum Trading Days3 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split70% up to 90%75% (90% with Add-on)

PipFarm’s Trailing Evaluation is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 12%, with a 3% maximum daily and 12% maximum trailing loss rules. You also have no maximum trading day requirements during the evaluation phase. However, you are required to trade for a minimum of 3 calendar days in the evaluation phase. Trailing Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, Trailing Evaluation stands out mainly for having an unlimited trading period, weekly payouts, which can become on-demand payouts, and a unique XP feature, providing traders with an opportunity to benefit whenever they reach a certain milestone.

Example of comparison between PipFarm & True Forex Funds

Trading ObjectivesPipFarmTrue Forex Funds
Profit Target12%10%
Maximum Daily Loss3%3%
Maximum Loss12% (Trailing)6%
Minimum Trading Days3 Calendar Days5 Calendar Days
Maximum Trading PeriodUnlimited30 Calendar Days
Profit Split70% up to 90%80%

Example of comparison between PipFarm & Funded Trading Plus

Trading ObjectivesPipFarmFunded Trading Plus
Profit Target12%10%
Maximum Daily Loss3%4%
Maximum Loss12% (Trailing)6% (Trailing)
Minimum Trading Days3 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split70% up to 90%80% up to 100%

Example of comparison between PipFarm & MyFundedFX

Trading ObjectivesPipFarmMyFundedFX
Profit Target12%10%
Maximum Daily Loss3%4% (Scaleable up to 6%)
Maximum Loss12% (Trailing)6% (Trailing) (Scaleable up to 12%)
Minimum Trading Days3 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split70% up to 90%80% up to 92.75%

In conclusion, PipFarm differs from other industry-leading prop firms by offering two one-step evaluations. In addition, they also provide numerous favorable features, such as an unlimited trading period, a static maximum loss rule on Static Evaluation, weekly payouts, which can become on-demand payouts, and a unique XP feature, providing traders with an opportunity to benefit whenever they reach a certain milestone.

Is Getting PipFarm Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

  • Receiving capital from the Static Evaluation is realistic primarily due to its slightly above-average profit target of 12% coupled with slightly below-average maximum loss rules (3% maximum daily and 6% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 3 calendar days. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 70% up to 90%.
  • Receiving capital from the Trailing Evaluation is realistic primarily due to its slightly above-average profit target of 12% coupled with above-average maximum loss rules (3% maximum daily and 12% maximum trailing loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 3 calendar days. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 70% up to 90%.

After considering all the factors, PipFarm is highly recommended since you have two funding programs to choose from, which feature realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

PipFarm is a proprietary trading firm that was incorporated on June, 2023. They are a company that has been developed by James Glyde, who is a former cTrader executive who extends over a decade of experience at the head of the online trading industry. He has worked alongside numerous well-established entities, meaning that he has an in-depth understanding of the entire online trading space.

While working with PipFarm and reaching funded status with the Static Evaluation or Trailing Evaluation, you will be eligible to receive your first payout after reaching a withdrawal target of 3% and 3 calendar days. However, after your first payout, you will also be eligible to receive payouts if you meet the 3% withdrawal target every 14 calendar days. Additionally, you will also have the opportunity to qualify for on-demand payouts through the XP feature. Your profit split will consist of a generous 70% up to 90% based on the profit that you have generated on your funded account.

Which Broker Does PipFarm Use?

PipFarm doesn’t trade with any of the common broker brands. They are partnered with a tier-1 liquidity provider with the best simulated real market trading conditions.

As for trading platforms, while you are working with PipFarm, they allow you to trade on cTrader.

Trading Instruments

As mentioned above, PipFarm is partnered with a tier-1 liquidity provider with the best simulated real market trading conditions, 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/CADAUD/CHFAUD/JPYAUD/NZDAUD/SGDAUD/USD
CAD/CHFCAD/JPYCHF/JPYCHF/PLNCHF/SEKCHF/SGD
DKK/NOKDKK/SEKEUR/AUDEUR/CADEUR/CHFEUR/CZK
EUR/DKKEUR/GBPEUR/HKDEUR/HUFEUR/JPYEUR/MXN
EUR/NOKEUR/NZDEUR/PLNEUR/SEKEUR/SGDEUR/TRY
EUR/USDGBP/AUDGBP/CADGBP/CHFGBP/JPYGBP/NOK
GBP/NZDGBP/PLNGBP/SEKGBP/SGDGBP/USDNOK/JPY
NOK/SEKNZD/CADNZD/CHFNZD/JPYNZD/SGDNZD/USD
USD/CADUSD/CHFUSD/CNHUSD/CZKUSD/DKKUSD/HKD
USD/HUFUSD/JPYUSD/MXNUSD/NOKUSD/PLNUSD/SEK
USD/SGDUSD/TRYUSD/ZAR

Commodities

XAG/EURXAG/USDXAU/EURXAU/USDWTI
BRENTNGAS

Indices

NED25AUS200GER40US30FR40
UK100HK50SP35JPN225US100
US500SWI20STOXX50IT40

Cryptocurrencies

BTC/USDETH/USDXRP/USDBCH/USDDSH/USD

Trading Fees

Trading Commission

Trading InstrumentCommission 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 40 XP milestone

Spread Account

To check the live spreads, log in to the trading account below.

PlatformServerLogin NumberPasswordDownload Platform
cTraderClick here

Education

PipFarm doesn’t provide any additional educational content to their community.

However, PipFarm offers traders a meticulously designed trading dashboard, facilitating progress tracking, access to trading objectives, and crucial statistics. This feature also enhances risk management for a more seamless trading experience.

PipFarm Trading Dashboard

Trustpilot Feedback

PipFarm has gathered a great score on Trustpilot based on their community’s feedback.

On Trustpilot, PipFarm has limited feedback due to being a relatively new proprietary trading firm that has recently launched. The firm currently has a great rating of 4.1/5 out of a limited number of 6 reviews. That said, we will be looking into their Trustpilot reviews and updating them based on their community’s feedback.

Social Media Statistics

PipFarm can also be found on numerous social media platforms.

Facebook21 Followers & 14 Likes
Twitter136 Followers
Instagram33 Followers
LinkedIn25 Followers
Discord271 Members

Customer Support

Live Chat
Email[email protected]
DiscordDiscord Link
FAQFAQ Link
Supported LanguagesEnglish

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 25% discount on both PipFarm account types.
  • Choose Payment Method – Choose between a credit/debit card, PayPal, and cryptocurrency payment methods.

Conclusion

In conclusion, PipFarm is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between two funding programs, the Static Evaluation and Trailing Evaluation, which are both one-step evaluations.

PipFarm’s Static Evaluation is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 70% up to 90% profit splits. Traders must reach a profit target of 12% to become successfully funded. These are realistic trading objectives, considering you have a 3% maximum daily and 6% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during the evaluation phase. However, you are required to trade for a minimum of 3 calendar days in the evaluation phase. Finally, it’s essential to note that the Static Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.

PipFarm’s Trailing Evaluation is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 70% up to 90% profit splits. Traders must reach a profit target of 12% to become successfully funded. These are realistic trading objectives, considering you have a 3% maximum daily and 12% maximum trailing loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during the evaluation phase. However, you are required to trade for a minimum of 3 calendar days in the evaluation phase. Finally, it’s essential to note that the Trailing Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend PipFarm to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as an unlimited trading period, a static maximum loss rule on Static Evaluation, weekly payouts, which can become on-demand payouts, and a unique XP feature, providing traders with an opportunity to benefit whenever they reach a certain milestone. After considering everything PipFarm has to offer to traders all across the globe, has to offer to traders worldwide, they are indeed a desirable choice within the prop trading industry.

Our detailed review of PipFarm was last updated on 09.05.2024 at 09:47 (CE(S)T).

What are your individual opinions on PipFarm and the services they offer? Do they align with the trading conditions and services you’ve been seeking?

Let us know if you enjoyed our detailed PipFarm review by commenting below!

PipFarm Review (25% discount code: FOREXPROPREVIEWS) Details

Trading Platforms
Deposit Methods
Withdrawal Methods
Tradable instruments
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Incorporation
Account size up to:
$100,000
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*Choose your account type and start trading
4.0
Fees
5.0
Trading Platforms
4.0
Deposit and withdrawal
4.0
Customer Support
4.3 Overall Rating

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