Innovative Funding Program
PipFarm offers simulated CFD trading challenges on the award-winning cTrader platform with access to commodities, currencies, cryptocurrencies, and indices. Notably, it features an experience-based loyalty program for rewarding consistent traders with various benefits, along with one of the fastest scaling programs in the industry. Headquartered in Singapore, PipFarm ensures secure and efficient trading experiences.
Expert Reviewer Verdict
PipFarm is an ideal choice for traders seeking a rewarding and innovative trading experience. With its unique XP program, traders are rewarded with power-ups such as faster payout intervals and higher profit shares. The competitive scaling program allows accounts to grow significantly, with up to 50% additional funding available every time 12% profit is attained. PipFarm has few restrictions and the rules that are present are incredibly clear and well documented.
PipFarm offers various trading challenge formats to suit any trader, including a simple 2-stage challenge, with each stage requiring just a 6% profit target and two 1-stage challenges with the choice of 6% static max loss or 12% trailing max loss.
Pros and Cons
Pros
- Premium cTrader Platform Supported
- Revolutionary Payout Protection Scheme
- Innovative Kill Switch For Account Protection
- 1 or 2 Stage Evaluation Format
- Static or Trailing Drawdown Challenge Formats
Cons
- Does Not Offer Stock Trading
- Default Inactivity Period of 14 Days
- Commissions on FX and Metals
Trust and Safety
Is PipFarm Legit and Safe?
PipFarm prioritizes the safety and trust of its users through several key measures. Although not regulated, it operates with a strong focus on fraud prevention and fund security. The majority of payouts to traders are traceable using the Riseworks wallet, which verifies the company has paid well over $500,00 since launching. Alongside Riseworks, the company uses other major payment service providers, such as Skrill, BinancePay, and USDT, to disburse payments. Additionally, PipFarm trades using a regulated liquidity provider, further enhancing the security of trading activities. The experienced management team, with a background in operating regulated financial institutions, adds an extra layer of trust and reliability. PipFarm has already achieved a 4.7-star rating on Trustpilot from over 60 reviews. These comprehensive measures ensure that traders can engage with the platform with confidence and peace of mind.
Tradable Instruments
Wide Selection of Trading Options
PipFarm offers a broad spectrum of tradable instruments, catering to a wide variety of trading preferences and strategies. Traders have access to simulated CFD accounts that encompass commodities, currencies, cryptocurrencies, and indices. This diverse selection allows users to engage in various markets and capitalize on different opportunities. Each account type is designed with flexibility in mind, featuring options such as static or trailing drawdown, and a 12% profit target for the 1-stage challenge or two identical stages requiring 6% profit targets for the 2-stage challenge.
The trading data is sourced from a regulated liquidity provider, ensuring accurate and reliable market information. In addition, PipFarm uses the cTrader platform, which prevents malicious behavior from operators such as requotes, price injections, rejecting orders, stop loss hunting and covertly modifying your orders.
With over 100 instruments available, PipFarm provides ample opportunities for both novice and experienced traders to diversify their portfolios and develop robust trading strategies.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
No |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
No |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Diverse and Flexible Account Types
PipFarm offers a variety of account types designed to meet the needs of different traders. This prop firm offers two express 1-stage challenges to achieve funding in as few as three days and a classic 2-stage challenge with a lower-than-average profit target for each stage. All challenges have a 3% daily loss and a 12% overall profit target.
The accounts are all simulated trading accounts, providing a risk-free environment for traders to hone their skills. Additionally, PipFarm will soon offer swap-free accounts, accommodating traders who prefer not to pay overnight funding fees.
The account sizes range from 5k to 300k, with corresponding one-time evaluation fees. For instance, a 5k account costs $50, while a 300k account costs $1,550. This tiered structure allows traders to select an account size that fits their capital and trading goals. One notable difference between the account sizes is the number of profitable trading days required to pass each challenge stage and between receiving each payout from the funded account. For accounts 100k and below, you must complete 3 profitable trading days. 200k accounts require 4 days and 300k accounts require 5 days. A profitable trading day is when 0.5% of the initial balance is achieved. For example, a 10k account request
Overall, PipFarm’s flexible account options, combined with their competitive evaluation fees, make it an attractive choice for traders at all levels seeking a comprehensive and accommodating trading platform.
|
Account Type |
Available |
|
LIVE ACCOUNT |
No |
|
EVALUATION ACCOUNT |
Yes |
|
FUNDED ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
No |
|
FREE TRIAL |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Transparent and Competitive Fees
PipFarm offers a clear and cost-effective fee structure, ensuring traders can manage their expenses efficiently.
Account Minimum
PipFarm requires a minimum account size of $50 for a 5k account. On joining its mailing list, the company offers you a 30% welcome discount.
Trading Fees
The only trading fees at PipFarm are the evaluation fees. These are one-time fees based on the account size, ranging from $50 for a 5k account to $1,550 for a 300k account.
CFD Fees
There are no commissions charged for energy products, indices, and crypto CFDs, making CFD trading cost-effective on PipFarm’s platform.
Forex Fees
Forex commissions are $6 per lot, but can be reduced to $3 or even zero through the XP program. Commissions are charged on FX and metals.
Futures Fees
PipFarm does not charge futures fees, as futures trading is not available on the platform.
Account Fee
There are no recurring account fees. A fee amount is only applied to start new challenges.
Inactivity Fee
PipFarm does not charge inactivity fees. However, there is a 14-day inactivity period, which can be extended to 28 days by collecting just 10 XP and reaching rank 1.
Payout Fee
There are no payout fees, but the minimum amount is set at 1% profit. For example, the minimum payout before profit split for a 100k account is $1,000. The profit split starts at 70% and increases based on your rank.
Overnight Funding Fee
PipFarm charges swaps, which are clearly indicated on their website and inside the cTrader platform. This transparency helps traders manage their costs effectively.
Currency Conversion Fee
No currency conversion fees are applied. All closed positions are settled in USD using the spot rate.
Guaranteed Stop Order Fee
PipFarm does not offer guaranteed stop losses.
Trading Platforms
Advanced Trading Platforms
PipFarm conducts trading challenges on the premium cTrader platform. cTrader is well known for its trademarked Traders First approach to eliminating trade manipulation, providing extreme transparency, and providing multiple safety layers. cTrader offers incredible order execution and risk and trade management functionality across all interfaces.
Mobile Trading Apps
PipFarm offers the cTrader platform on both Android and iOS, allowing traders to manage their accounts on the go with a fast, responsive and user-friendly interface and advanced trading tools.
Web Trading Apps
The cTrader web application provides a seamless trading experience directly from any web browser, offering full functionality without the need for downloads. It was the first to launch an HTML5 web-based trading platform.
Desktop Trading Apps
For desktop users, PipFarm provides cTrader for both Windows and Mac. The Windows desktop application is the flagship cTrader platform. This powerful platform includes a comprehensive set of trading features, including advanced charting tools, automated trading capabilities, and a performance analysis dashboard, ensuring that traders have all the tools they need to succeed.
First launched in 2011, the Windows-based version offers the most functionality. The recently launched native MacOS version of cTrader has a lot to offer but is still catching up.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
No |
|
CTRADER |
Yes |
|
PROPRIETARY |
No |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Standout Features for Traders
PipFarm offers several unique features that set it apart in the prop trading industry. The XP program rewards loyal and consistent traders with benefits such as shorter payout intervals, higher profit shares, and larger scaling increments. The competitive scaling program allows for up to 50% additional funding every time the 12% profit target is reached in the funded account, with up to five scaling levels, enabling traders to unlock a maximum allocation of $1.5m of simulated funding. PipFarm is among the few firms to offer both static and trailing drawdown options for the one stage challenge. Additionally, the “Kill Switch” feature provides a safety net by closing all positions to prevent breaching daily loss limits or ensure profit targets are met. PipFarm also offers an incredible payout protection feature which allows traders to receive their profit share even if they breach their funded account. These innovative features make PipFarm a compelling choice for traders seeking both flexibility and security.
Research and Education
Empowering Traders With Knowledge
PipFarm provides traders with robust research and educational tools integrated into the cTrader platform. Users can access a real-time news feed, keeping them updated on market developments and trends. The platform also includes pattern recognition tools that help traders identify potential trading opportunities based on historical data. Additionally, the performance analysis dashboard offers insights into trading performance, allowing traders to refine their strategies and improve their results. These features ensure that both novice and experienced traders have the resources they need to make informed trading decisions and continually enhance their trading skills.
Customer Support
Reliable and Accessible Support
PipFarm provides exceptional customer support in multiple languages to ensure a seamless trading experience. Traders can reach out for assistance via live chat, email, and Discord, offering multiple channels to suit their preferences. The customer support team is available 24/7, providing around-the-clock assistance to address any issues or queries promptly. This level of availability ensures that traders always have access to the help they need, enhancing their overall experience on the platform. Whether it’s troubleshooting technical issues or seeking guidance on trading strategies, PipFarm’s dedicated support team is there to help every step of the way.
Account Opening
Streamlined Onboarding Process
PipFarm’s account opening process is straightforward and efficient. To get started, traders need to purchase a challenge. Once the challenge is successfully completed, the identity verification process begins, requiring traders to upload necessary documents for KYC. This includes an ID, a selfie, and occasionally a proof of address. After these documents are verified, traders can immediately begin using their funded accounts. This streamlined and user-friendly process ensures that traders can quickly and easily start their trading journey with PipFarm, minimizing delays and maximizing trading opportunities.
Deposit and Withdrawals
Effortless Transactions
PipFarm ensures a smooth and hassle-free experience for fees and payouts.
Fees: PipFarm accepts a variety of payment methods, including Visa, Mastercard, JCB, UnionPay, PayPal, Skrill, and USDT via ERC20, Polygon, and TRC20 networks. Accounts are issued within a few minutes of payment, ensuring quick access to trading.
Payouts: Your first payout from PipFarm is processed on demand. Payouts are primarily processed using Riseworks, but the company also offers Skrill, Binance Pay, and USTD for paying funded traders their performance fees. There is no transaction fee for payouts, but the minimum payout amount is 1% profit before the profit split.
This efficient system guarantees that traders can focus on their trading activities without worrying about transaction delays.
Final Thoughts
PipFarm stands out as a robust and innovative trading platform, offering a variety of features designed to support and reward traders. With its unique XP program, competitive scaling opportunities, and a straightforward evaluation process, it caters to both novice and experienced traders seeking additional leverage and lowering personal risk. With an in-house development team, PipFarm continues to innovate its risk management dashboard with incredible features such as its Kill Switch. PipFarm has the fewest trading restrictions, making trading simple for traders instead of requiring them to navigate a minefield of rules. Most traders appreciate the simplicity of the two-stage challenge format, which is broken down into two equal stages. Ultimately, PipFarm is an ideal choice for traders who want to participate in a simple program and focus on their long term consistency.
Contact Info
68 Circular Road, 049422, Singapore
FAQs
-
Question: What does PipFarm do?
Answer: PipFarm provides simulated CFD trading accounts, offering access to commodities, currencies, cryptocurrencies, and indices, along with funding for under capitalized traders. It features unique programs like the XP program. -
Question: What types of accounts does PipFarm offer?
Answer: PipFarm offers simulated accounts, along with market data from regulated liquidity provider, and accounts suitable for both beginners and professionals. -
Question: What instruments can I trade on PipFarm?
Answer: PipFarm provides access to commodities, currencies, cryptocurrencies, and indices through simulated CFD accounts. -
Question: Are there any fees for payouts?
Answer: PipFarm does not charge a payout fee, but the minimum payout amount is 1% of the profit, which can be reduced with the XP program.
App Store
Google Play