PipFarm, Launched in February 2024, is more than just a prop firm – it's a platform designed to help you grow as a trader through its unique evaluation process, educational resources, and solid trading tools. Let's dive in and explore what makes PipFarm stand out in the crowded field of funded trading programs.
PipFarm is already making waves with its unique features and strong leadership team. Led by CEO James Glyde, a seasoned executive with a background in the financial industry, PipFarm is on a mission to provide traders with a more flexible and rewarding experience. With its innovative rank system, traders can earn points and progress through levels, unlocking perks like increased leverage and drawdowns.
What is PipFarm?
| Key Feature | Details |
|---|---|
| CEO | James Glyde |
| Platform | MT5 and cTrader |
| Payout Split | Upto 90% |
| First Payout | 3 days |
| Headquarters | UK |
| Expert Advisors | Allowed |
| Max Funding | $200,000 |
| Funding Programs | Static and Trailing Evaluation |
| Leverage | 1:30 |
| Weekend Holding | Allowed |
| Contact | support@pipfarm.com |
| Trustpilot Rating | 4.3/5.0 |
PipFarm is a funded trader program that provides traders the opportunity to manage accounts ranging from $5,000 to $200,000 after passing a one-step evaluation process. The company is led by CEO James Glyde, who has over a decade of experience in the online trading industry, having worked with established brokers and prop firms.
The farm aims to identify and support profitable traders through its streamlined evaluation process and attractive profit-sharing structure.
How Does the PipFarm Evaluation Process Work?
PipFarm offers two streamlined one-step evaluation programs for traders to obtain funding: the Static Evaluation and the Trailing Evaluation.
1. Static Evaluation
PipFarm's Static Evaluation provides traders the opportunity to manage account sizes ranging from $5,000 up to $100,000. The aim is to identify disciplined traders who can demonstrate profitability and effective risk management.
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. Withdrawal amounts are a minimum of 3% of the initial account balance.
| Account Size | Pricing |
|---|---|
| $10,000 | $107 |
| $25,000 | $207 |
| $50,000 | $307 |
| $100,000 | $507 |
| $200,000 | $1,007 |
2. Trailing Evaluation
PipFarm's Trailing Evaluation offers traders the chance to manage accounts ranging from $5,000 up to $200,000. This program is designed to find disciplined traders who can demonstrate profitability and effective risk management during a one-step evaluation.
Traders must meet a 12% profit target without exceeding a 3% maximum daily loss or a 12% maximum trailing drawdown. There are no maximum trading day limits, but a minimum of three trading days is required.
Upon passing the evaluation, traders receive a funded account where they must adhere to the 3% daily drawdown and 12% trailing drawdown rules.
| Account Size | Pricing |
|---|---|
| $5,000 | $60 |
| $10,000 | $110 |
| $20,000 | $210 |
| $50,000 | $350 |
| $100,000 | $550 |
| $200,000 | $1,100 |
Scale up to 500k and earn Profit Payouts
Pass the evaluation and you'll be rewarded with a funded account equal to your test amount. But that's just the beginning. PipFarm wants to see you succeed long-term, which is why they offer a generous scaling plan. Each time you hit a 12% profit target on your account, you'll qualify for a 50% increase in your buying power. So if you start with a $10k account and hit 12%, you'll get bumped up to $15k for your next trading period. The scaling continues all the way up to $500k, giving you a clear path for career growth.
Of course, the real reward is the profit payouts. Farm has one of the highest profit splits in the industry, allowing you to keep up to 90% of your gains. The exact percentage depends on your performance – the more you grow your account, the higher your split. Payouts are processed quickly, with profits hitting your account within 48 hours of requesting a withdrawal.
PipFarm's cTrader | The Future of Trading, Today
To thrive as a trader in today's markets, you need access to the best tools. PipFarm delivers in spades, offering two of the most advanced trading platforms in the industry: cTrader and MetaTrader 5.
cTrader is renowned for its sleek, customizable interface that lets you personalize every aspect of your workspace. But it's more than just pretty pixels. The platform offers powerful chart trading capabilities, allowing you to place and manage orders directly from the charts with a simple drag and drop. You'll have access to over 70 technical indicators, extensive drawing tools, and sophisticated risk management features like the chart-based position calculator.
For the quants and algo traders, cTrader is a dream come true. The platform boasts a robust environment for developing, backtesting, and deploying automated strategies. You can code in C# using cTrader's Automate API, or convert existing MT4/5 EAs using free tools like mt4converter.com. The possibilities for systematic trading are endless.
PipFarm Details
| Key Feature | Details |
|---|---|
| Supported Platforms | MT/5, cTrader |
| Payment Methods | Credit/Debit Cards, Cryptocurrency, PayPal |
| Withdrawal Methods | Rise works, BankTransfer, e-wallets |
| Headquarter | Singapore |
| Restricted Countries | Afghanistan, Iran, North Korea, USA, etc. |
| Tradable Instruments | Forex Pairs, Commodities, Indices, Cryptocurrencies |
| Owner | James Glyde |
| Established | 2024 |
FAQs Related to PipFarm
What qualifications are needed to join PipFarm?
No formal qualifications are required to join the Farm. The company believes in giving traders hands-on practice with tangible stakes through their evaluation process.
Does PipFarm offer Training and Mentorship?
No, PipFarm does not offer training or mentorship as it is a funded trader firm, not an educational platform. The company uses remote traders to crowdsource trading signals for their sentiment-driven algorithm.
Is PipFarm Licensed or Authorized?
No, PipFarm is not licensed or authorized as proprietary trading is not regulated per the Singapore Securities and Futures Act 2001. However, the company follows various regulations designed to protect consumers.
How does PipFarm make Money?
PipFarm generates revenue from screening test fees and proprietary trading profits. The majority of profit is generated from proprietary trading activities.
How much Leverage can Traders use in their Funded Accounts?
The default leverage offered in PipFarm's test and funded accounts is 1:30 on most products, with a few exceptions on highly volatile products like indices (1:20) and cryptocurrencies (1:5).
Does PipFarm Limit Traders' Exposure?
PipFarm does not limit exposure. However, they do reduce leverage on some products as exposure increases based on their dynamic leverage settings.
Let’s Sum it up
PipFarm is more than just another prop firm. It's a complete platform designed to help aspiring traders launch their careers in the financial markets. PipFarm provides everything you need to succeed as a trader.
However, ultimately, your success depends on you. It can provide the platform and the support, but it's up to you to put in the work and develop your edge in the markets.
