PipFarm Account Pricing:
- $5,000 account: $60
- $10,000 account: $110
- $20,000 account: $210
- $50,000 account: $350
- $100,000 account: $550
- $200,000 account: $1100
Trading Platforms Available
- cTrader: Known for advanced trading features, customizable workspace, visual trade management, comprehensive risk management tools, and support for algorithmic trading.
Evaluation Methods
- No Evaluation and Single-Stage Evaluation Options: Achieve a 12% profit target with flexible drawdown choices (static or trailing).
Customer Support Channels
- Live Chat
- Phone Support
Pros
- Competitive scaling
- Power Up XP system
- Choice of static or trailing drawdown
Cons
- Fairly new in the industry
- Limited educational materials
In-Depth Look at PipFarm
PipFarm offers a unique set of features designed to support traders in their journey to funded trading. With a straightforward one-stage evaluation process, competitive profit sharing, and advanced trading tools, PipFarm aims to provide a conducive environment for traders to grow their accounts and maximize their profits.
Introduction to PipFarm
PipFarm is a Singapore-based proprietary trading firm led by CEO James Glyde. With over a decade of experience in online trading, James has developed a platform that emphasizes skill development and responsible risk management. PipFarm provides funded trading accounts, allowing traders to trade with the firm’s capital and share the profits.
Who Should Use PipFarm?
PipFarm is ideal for traders seeking a clear path to funded trading with flexible risk management options and a competitive profit-sharing model. Whether you’re an experienced trader looking to scale up your capital or a new trader aiming to prove your skills, PipFarm provides a supportive environment to achieve your trading goals.
PipFarm Platform & Features
Advanced Trading Tools
PipFarm utilizes the cTrader platform, offering advanced charting tools, algorithmic trading capabilities, and direct market access.
Tradable Assets
PipFarm offers a diverse range of tradable assets, including forex, metals, energy, indices, and cryptocurrencies. The default leverage for most products is 1:30, with adjusted leverage for highly volatile assets like indices (1:20) and cryptocurrencies (1:5).
Scaling Plan
PipFarm’s scaling program allows traders to increase their trading capital by 50% every 30 days, provided they achieve a 12% profit on their current funded account balance. Up to four scaling levels are available, significantly growing the capital.
Payment Methods
- Major credit/debit cards
- Bank transfers
- Cryptocurrencies
Withdrawals
- Traders keep up to 90% of their profits.
- Minimum withdrawal amount: 3% of the starting account balance.
- Withdrawals can be requested every 14 days.
- Payment options: Riseworks, cryptocurrency, bank transfer, and e-wallets.
Trading Rules
PipFarm’s 1-Stage Challenge requires traders to achieve a 12% profit target within 365 days, with daily drawdown limits set at 3% of the previous day’s closing balance. Traders can choose between static and trailing drawdown limits. The platform allows news trading, weekend holding, and the use of Expert Advisors (EAs). The Kill Switch feature helps manage risk by automatically closing positions when predefined levels are reached.
Evaluation Process
PipFarm’s single-stage evaluation process focuses on achieving a 12% profit target with a flexible drawdown choice. The evaluation phase requires traders to make at least one trade every 14 days to remain active. Once funded, traders must continue to generate at least 12% profit every 365 days to maintain access to profit-sharing withdrawals.
PipFarm Pricing
PipFarm’s pricing is straightforward:
- $5,000 account: $60
- $10,000 account: $110
- $20,000 account: $210
- $50,000 account: $350
- $100,000 account: $550
- $200,000 account: $1100
- Non-refundable fees cover the evaluation process.
- $6 per lot commission on funded accounts, including raw spreads.
Final Thoughts
PipFarm provides a unique and supportive environment for traders seeking funded accounts. With a clear evaluation process, competitive profit-sharing model, and advanced trading tools, PipFarm offers a compelling option for traders looking to grow their capital and maximize their trading potential. The firm’s focus on performance rewards and risk management tools makes it an attractive choice for traders at various skill levels.
PipFarm Review Overall
PipFarm is a promising proprietary trading firm that offers competitive pricing, a robust trading platform, and flexible risk management options. While it is relatively new and has limited educational resources, its unique features and support for traders at various skill levels make it an attractive choice for those looking to scale their trading capital effectively.
Pros
- Allows significant growth of trading capital.
- Incentivizes performance and progress.
- Choice between static and trailing drawdown.
Cons
- Being a newer firm, it lacks extensive user reviews and community engagement.
- Offers fewer educational resources compared to established firms.
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