Pricing
Pricing for PipFarm Accounts:
- $5,000 account: $60
- $10,000 account: $110
- $20,000 account: $210
- $50,000 account: $350
- $100,000 account: $550
- $200,000 account: $1100
Platform
PipFarm utilizes the cTrader platform, known for its advanced trading features, customizable workspace, visual trade management, and comprehensive risk management tools. cTrader supports algorithmic trading and provides a range of technical indicators and charting tools, making it suitable for both manual and automated trading strategies.
Type
PipFarm offers both no evaluation and evaluation funding options. Their single-stage evaluation process focuses on achieving a 12% profit target with flexible drawdown choices (static or trailing).
Customer Service
PipFarm provides customer support through live chat, phone, and email, ensuring traders have access to assistance when needed.
Pros
- Competitive scaling
- Power Up XP system
- Choice of static or trailing drawdown
Cons
- Fairly new in the industry
- Limited educational materials
PipFarm Review
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.
About 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 offers 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
PipFarm uses the cTrader platform, offering advanced charting tools, algorithmic trading capabilities, and direct market access. The platform supports a wide range of tradable assets, including forex, metals, energy, indices, and cryptocurrencies. PipFarm’s innovative dynamic leverage system helps manage concentration risk and optimize margin usage.
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% of their initial seed capital every 30 days, provided they achieve a 12% profit on their current funded account balance. The program offers up to four scaling levels, allowing traders to grow their capital significantly.
Payment Methods
PipFarm accepts payments via major credit/debit cards, bank transfers, and cryptocurrencies. These options provide flexibility for traders to choose their preferred payment method.
Withdrawals
PipFarm’s payout system is designed to reward performance, allowing traders to keep up to 90% of their profits. The minimum withdrawal amount is 3% of the starting account balance, and withdrawals can be requested every 14 days. PipFarm handles all fees and taxes associated with payouts, offering multiple payment options, including 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 designed to be straightforward and accessible. For a $5,000 account, the one-time challenge fee is $60. A $10,000 account costs $110, while a $20,000 account is priced at $210. For larger accounts, a $50,000 account has a fee of $350, a $100,000 account costs $550, and a $200,000 account is priced at $1100. These fees are non-refundable, covering the cost of the evaluation process. Additionally, there is a $6 per lot commission on funded accounts, which includes raw spreads.
In Conclusion
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.
