PipFarm Review
So, let's start our PipFarm review. This company officially registered as ECI Ventures Pte. Ltd., began operations in June 2023 and is based in Singapore. Led by CEO James Glyde, this proprietary trading firm offers traders the choice of two single-step evaluations. It partners with a tier-1 liquidity provider, ensuring the best simulated market conditions for trading through their broker. This is the basic information you need to know when starting to get acquainted with this Prop Firm:
- Trading Platform: cTrader
- 1:30 leverage
- Trading account cost: from $60 to $550
- No Restrictions on Maximum Trading Days
- Initial Payout Within 3 Days
- Profit Sharing from 70% to 90%
- Permission for Overnight and Weekend Positions
- News Trading Permitted
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Expert Advisors Suitable for this Prop Firm:
PipFarm Funding Programs
PipFarm is a proprietary trading firm that not only offers funding but also emphasizes the development and success of its traders. The firm supports and celebrates the achievements of its traders, providing an environment conducive to substantial earnings. Traders can manage accounts as large as $100,000 and enjoy profit splits of up to 90%. PipFarm allows trading in a diverse range of financial instruments, such as forex pairs, commodities, indices, and cryptocurrencies, offering flexibility and opportunity for traders to grow their capital.
Static Evaluation PipFarm Program
PipFarm rules:
Profit Target: Traders are required to hit a specified profit percentage to successfully pass an evaluation phase, withdraw earnings, or scale their trading account. During the evaluation phase, the profit target is set at 12%. For funded accounts, there is a 3% profit threshold required for withdrawals.
Maximum Daily Loss: This limit is the maximum a trader can lose in a single day without violating the terms of the account. For all account sizes, the daily loss limit is capped at 3%.
Maximum Loss: This refers to the overall loss limit across any period that a trader can incur without breaching the account's terms. The maximum loss allowed for any account size is 6%.
Stop-loss Requirement: It is compulsory for traders to set a stop-loss for each trading position before beginning the trade. This requirement can be waived once a trader reaches the 10 XP milestone.
Participation cost:
- $5,000 - $60
- $10,000 - $110
- $20,000 - $210
- $50,000 - $350
- $100,000 - $550
PipFarm's Static Evaluation offers traders the chance to manage accounts ranging from $5,000 to $100,000. This program is designed to find disciplined traders who can demonstrate profitability and effective risk management during a one-step evaluation. Traders are allowed to use leverage up to 1:30, which can be increased to 1:50 upon reaching the 50 XP milestone.
During the evaluation phase, traders must meet a 12% profit target without exceeding a 3% maximum daily loss or a 6% total loss limit. There are no restrictions on the maximum number of trading days, but a minimum of three trading days is required to advance to a funded account.
Upon successful completion of the evaluation, traders qualify for a funded account. In this phase, traders must maintain the 3% daily loss limit and 6% total loss limit. The first withdrawal can be made three calendar days after the first trade is placed in the funded account, with subsequent withdrawals possible on a bi-weekly basis. Withdrawal amounts are a minimum of 3% of the initial account balance, with profit shares ranging from 70% to 90%. Traders also have up to 365 days to scale their funded account to the next level, promoting long-term engagement and growth within the firm.
The Static Evaluation at PipFarm includes a scaling plan that allows for significant growth opportunities. If a trader successfully hits a 12% profit target within 30 calendar days, they have the option to scale up to the next available account size. Importantly, choosing to scale the account does not require traders to forfeit any of their earned profits.
Additionally, traders are given a maximum of 365 days to advance their funded account to the next stage. This period encourages sustained performance and strategic trading. Once a trader reaches the Series D stage, the maximum time limit for scaling is removed, providing even greater flexibility and potential for growth within the firm. This structure is designed to support and reward ongoing trader development and success.
Trailing Evaluation PipFarm Program
PipFarm rules:
Profit Target: Traders must meet a specific profit percentage to complete an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is set at 12%, while funded accounts require a 3% profit achievement for withdrawals.
Maximum Daily Loss: This rule sets a cap on the allowable loss in a single trading day to prevent breaching the account terms. Regardless of account size, the daily loss limit is fixed at 3%.
Maximum Trailing Loss: This limit is determined by the difference between the highest account balance achieved and the subsequent lowest drawdown. It defines the maximum trailing loss that a trader can incur without violating the account's conditions. For all accounts, this limit is set at 12%.
Stop-loss Requirement: It is compulsory for traders to set a stop-loss for each trading position before initiating a trade. This requirement ensures risk management adherence and is waived once a trader attains the 10 XP milestone.
Participation cost:
- $5,000 - $60
- $10,000 - $110
- $20,000 - $210
- $50,000 - $350
- $100,000 - $550
PipFarm's Trailing Evaluation offers traders the opportunity to manage accounts ranging from $5,000 to $100,000. The goal of this program is to identify disciplined traders who demonstrate profitability and effective risk management within a one-step evaluation process. Participants in this program can trade with leverage up to 1:30, which can be increased to 1:50 upon reaching the 50 XP milestone.
During the evaluation phase, traders must meet a 12% profit target without exceeding a 3% maximum daily loss or a 12% maximum trailing loss. There are no limits on the number of trading days during this phase, but traders must engage in at least three trading days to qualify for a funded account.
Upon successful completion of the evaluation, traders receive a funded account with a minimum withdrawal requirement set at 3% of the initial account balance. In this phase, traders must adhere to the 3% maximum daily loss and 12% maximum trailing loss limits. The first payout is issued three calendar days after the trader places their first trade in the funded account, with subsequent withdrawals possible on a bi-weekly basis. Profit payouts range from 70% to 90% based on the trader’s earnings. Additionally, traders have up to 365 days to advance their funded account to the next level, encouraging sustained growth and performance within the firm.
PipFarm’s Trailing Evaluation includes a scaling plan designed to facilitate trader advancement. If a trader successfully achieves a 12% profit target within a 30-day period, they qualify to scale their account to the next available size. Notably, scaling does not require traders to forfeit any of their accumulated profits, allowing them to retain their earnings while progressing.
Furthermore, traders are provided a maximum of 365 days to escalate their funded account to the next level. This time frame encourages continuous performance and strategy refinement. Once a trader attains the Series D stage, the maximum time limit for scaling is lifted, offering even greater flexibility and opportunity for growth within the firm. This framework supports long-term development and rewards sustained trader success.
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PipFarm Review and Our opinion about this Prop Firm
In summary, PipFarm is a respected and reliable proprietary trading firm that offers traders two distinct funding programs: the Static Evaluation and the Trailing Evaluation. Both programs are streamlined one-step evaluations designed to identify and develop disciplined, profitable traders.
- Static Evaluation: This program requires traders to complete a single phase before they can manage a funded account, with the potential to earn profit splits ranging from 70% to 90%. To successfully secure funding, traders must meet a 12% profit target, adhering to a 3% maximum daily loss and a 6% maximum overall loss. There are no maximum trading day limits, but a minimum of three calendar days of trading is mandatory in the evaluation phase. Additionally, the Static Evaluation includes a scaling plan, allowing traders to increase their initial account balance as they meet specific targets.
- Trailing Evaluation: Similarly, this evaluation also allows traders to manage a funded account and earn profit splits of 70% to 90%, upon reaching a 12% profit target. The constraints include a 3% maximum daily loss and a 12% maximum trailing loss, with the same minimum of three trading days required. Like the Static Evaluation, the Trailing Evaluation offers a scaling plan that encourages growth by increasing account sizes upon achieving prescribed goals.
PipFarm stands out in the prop trading industry for providing excellent trading conditions suitable for a variety of trading styles. The firm offers unique features like an unlimited trading period, a static maximum loss rule in the Static Evaluation, and flexible payout options including weekly payouts that can transition to on-demand payouts based on trader performance. The innovative XP feature further enhances the trading experience by rewarding traders when they reach specific milestones.
For anyone looking for a credible and supportive proprietary trading firm, PipFarm offers an appealing platform with substantial growth opportunities and a trader-centric approach. Considering all that PipFarm provides to traders worldwide, it is undoubtedly an attractive choice in the prop trading sector.
