PipFarm Review (25% discount code: FOREXPROPREVIEWS) - Forex Prop Reviews (2024)

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 $200,000 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 a single one-step evaluation 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 a single funding program option.

Seed Funding

PipFarm’s Seed Funding provides traders with the opportunity to manage account sizes ranging from $10,000 up to $200,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The Seed Funding allows you to trade with leverage up to 1:30 (1:50 leverage by reaching the 50 XP milestone).

The evaluation phase requires a trader to reach a profit target of 12% while not surpassing their 4% maximum daily loss or 8% maximum trailing loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to funded status, you are only required to reach the 12% profit target without breaching the maximum daily or maximum trailing loss limit rules.

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 4% maximum daily loss and 8% maximum trailing loss rules. Your first payout is 7 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted on a weekly basis. Your payouts will consist of 25% up to 90% based on the profit you earn on your funded account.

Profit Split Ranking

If a funded account has generated a profit between 3-6%, your profit split is 25%.

If a funded account has generated a profit between 6-9%, your profit split is 50%.

If a funded account has generated a profit between 9-12%, your profit split is 75%.

If a funded account has generated a profit of 12%, your profit split is 90%.

Seed Funding Scaling Plan

Seed Funding 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.

Seed Funding 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 4%. (5% maximum daily loss by reaching the 70 XP milestone)
• 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 8%.
• 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?

XP Milestones

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

What Makes PipFarm Different From Other Prop Firms?

PipFarmdiffers from mostindustry-leading prop firmsdue to offering a single account type, a one-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, 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 Seed Funding 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 4% maximum daily and 8% maximum trailing loss rules. You also have no minimum or maximum trading day requirements during the evaluation phase. Seed Funding also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, Seed Funding stands out mainly for having an unlimited trading period, no minimum trading day requirements, 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

Example of comparison between PipFarm & Funded Trading Plus

Example of comparison between PipFarm & MyFundedFX

In conclusion,PipFarmdiffers from otherindustry-leading prop firmsby offeringa single account type, a one-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, 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 Seed Funding is realistic primarily due to its slightly above-average profit target of 12% coupled with above-average maximum loss rules (4% maximum daily and 8% maximum trailing loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 25% up to 90%.

After considering all the factors,PipFarmis highly recommended since you have a single funding program to choose from, which features 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 withPipFarmand reaching funded status with the Seed Funding, you will be eligible to receive your first payout after reaching a withdrawal target of 3% and 7 calendar days. However, after your first payout, you will also be eligible to receive payouts if you meet the 3% withdrawal target every 7 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 25% 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 withPipFarm, they allow you to trade oncTrader.

Trading Instruments

As mentioned above,PipFarmis 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

Commodities

Indices

Cryptocurrencies

Trading Fees

Trading Commission

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.

Education

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

However,PipFarmoffers 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.

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 theirTrustpilotreviews and updating them based on their community’s feedback.

Social Media Statistics

PipFarm can also be found on numerous social media platforms.

Customer Support

Conclusion

In conclusion,PipFarmis a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose a single funding program, the Seed Funding, which is a one-step evaluation.

PipFarm’s Seed Funding is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 25% 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 4% maximum daily and 8% maximum trailing loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during the evaluation phase, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Seed Funding features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommendPipFarmto 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, no minimum trading day requirements, 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 everythingPipFarmhas 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 28.03.2024 at 16:20 (CE(S)T).

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