PipFarm & MyFundedFX One-step Comparison
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Welcome to our comparison between PipFarm and MyFundedFX, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the one-step evaluations that both offer to traders from all across the globe.
Company Details
| Company Details | PipFarm | MyFundedFX |
|---|---|---|
| Incorporation date | June 2023 | June 2022 |
| CEO | James Glyde | Matthew Leech |
| Office Location | Singapore | Dallas, Texas |
| Scaling Plan |  | |
PipFarm and MyFundedFX are two reputable and trustworthy proprietary trading firms. PipFarm was incorporated in June 2023 while being managed by their CEO, James Glyde. They have their offices located in Singapore. MyFundedFX, on the other hand, was incorporated in June 2022 while being managed by its CEO, Matthew Leech. Additionally, their offices are located in Dallas, Texas.
Funding Program Options
| Funding Program Options | PipFarm | MyFundedFX |
|---|---|---|
| One-step Evaluation | | |
| Two-step Evaluation | | |
| Three-step Evaluation |  | |
PipFarm provides their traders with an opportunity to choose between three funding programs to acquire funding, a two-step evaluation and two one-step evaluations. MyFundedFX, on the other hand, allows its traders to choose between five funding programs to acquire funding, two two-step evaluations, two one-step evaluations, and a three-step evaluation.
One-step Comparison
| Trading Rules/Objectives | Static Evaluation | Trailing Evaluation | One-Step Challenge | One-Step Max Challenge |
|---|---|---|---|---|
| Profit Target | 12% | 12% | 10% | 8% |
| Maximum Daily Loss | 3% | 3% | 4% | 2% (Soft Breach) |
| Maximum Loss | 6% | 12% (Trailing) | 6% (Trailing) | 8% |
| Minimum Trading Days | 3 Calendar Days | 3 Calendar Days | No Minimum Trading Days | 2% Max Daily Gain |
| Maximum Trading Period | 365 Calendar Days | 365 Calendar Days | Unlimited | Unlimited |
| Leverage | 1:30 (1:50 with XP Milestone) | 1:30 (1:50 with XP Milestone) | 1:100 | 1:100 |
| Profit Split | 70% up to 95% | 70% up to 95% | 80% up to 92.75% | 80% up to 92.75% |
After covering the trading objectives of each company’s one-step evaluations, let’s take a look at the account sizes and costs of these one-step evaluations.
| Account Size | Static Evaluation | Trailing Evaluation | One-Step Challenge | One-Step Max Challenge |
|---|---|---|---|---|
| $5,000 | $60 | $60 | $50 | $42 |
| $10,000 | $110 | $110 | $100 | $80 |
| $20,000 | $210 | $210 | | |
| $25,000 | | | $200 | $170 |
| $50,000 | $350 | $350 | $300 | $240 |
| $100,000 | $550 | $550 | $500 | $399 |
| $200,000 | $1,100 | $1,100 | $950 | $799 |
| $300,000 | $1,550 | $1,550 | $1,399 | |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with PipFarm and MyFundedFX, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| PipFarm | MyFundedFX | |
|---|---|---|
| Broker | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions | ThinkMarkets, Purple Trading |
| Trading Platform | cTrader | DXtrade, Match-Trader |
Trading Instruments
Another important aspect to compare between proprietary trading firms is trading instruments. In the spreadsheet below, you will be able to learn which trading instrument types can be traded with PipFarm and which with MyFundedFX.
| Trading Instrument | PipFarm | MyFundedFX |
|---|---|---|
| Forex Pairs | | |
| Commodities | | |
| Indices | | |
| Cryptocurrencies | | |
Community Feedback
The last topic we will cover is community feedback from PipFarm and MyFundedFX. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | PipFarm | MyFundedFX |
|---|---|---|
| Rating | 4.6/5 | 4.2/5 |
| Number of Reviews | 31 | 1,791 |
| 5-Star Ratings | 87% | 82% |
PipFarm has an excellent rating of 4.6/5. This is out of a total of 31 reviews, where 87% of them are rated as 5 stars. MyFundedFX, on the other hand, has a great rating of 4.2/5. However, this is out of a total of 1,791 reviews, where 82% of them are rated as 5 stars.
Conclusion
In conclusion, PipFarm and MyFundedFX are two incredible choices within the proprietary trading firm industry. We can clearly see there are numerous differences within the compared proprietary trading firms, such as trading objectives, account sizes, costs, and community feedback. In addition, there is also a major difference within the funding programs that each of the companies are offering. PipFarm has a two-step evaluation and two one-step evaluations, while MyFundedFX has two two-step evaluations, two one-step evaluations, and a three-step evaluation.
This concludes our comparison between PipFarm and MyFundedFX. If either of the compared proprietary trading firms sparked an interest, we have prepared a unique discount code, which you can apply while purchasing an evaluation to make it even more affordable!
PipFarm 25% active discount code: FOREXPROPREVIEWS
MyFundedFX 10% discount code: FOREXPROPREVIEWS
Our comparison between PipFarm and MyFundedFX was last updated on 18.06.2024 at 07:31 (CE(S)T).
