PipFarm review 2024:
All you need to know
In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with PipFarm. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, free from external influence. This assessment offers a transparent evaluation of PipFarm's conditions, tools, support, regulatory standing, and overall suitability for traders.
PipFarm is a newly formed prop firm for traders who want to prove their skills and gain access to real trading capital. The model is straightforward and uncomplicated.
Account Conditions
8.6
Trading Rules
8.4
Evaluation Process
8.0
Costs & Fees
7.6
Technology & Tools
8.6
Education & Community
6.6
Customer Support
8.0
Reputation & Reliability
7.2
User Experience
8.6
How do we score brokers
PipFarm was established in June 2023 as a new entrant in the growing proprietary trading sector, attracting attention for its straightforward and transparent approach to trader evaluation and funding. Operating as a proprietary trading firm, PipFarm evaluates traders' abilities through a structured process using simulated accounts exclusively on the cTrader platform. Traders who demonstrate proficiency by meeting specific profit targets and adhering to risk-management guidelines are then offered the opportunity to trade with significant virtual capital in return for a percentage of the profits made.
The firm's business model focuses on identifying and supporting skilled traders, providing them with a platform to manage significant virtual trading funds within a controlled environment. This approach allows skilled traders to potentially earn profits without risking their own capital.
As is typical in the prop trading industry, PipFarm operates as a trader funding firm and is not subject to the same regulations as traditional financial institutions.
PipFarm's services are available to traders worldwide, with some exceptions due to legal restrictions.
| 🗺️ Regulated geos/regions |
Global with exceptions |
| 🏅 Challenge |
One-step or two-step |
| 💰 Account size |
$5,000 - $300,000 (Maximum allowed $1.5 million through multiple accounts and scaling) |
| 📊 Levels |
|
| ⚖️ Scaling |
$5,000 - $600,000 |
| 🪙 Challenge fees |
$50 - $1,550 |
| 💸 Profit target |
12% |
| ⬇️ Drawdown |
|
| 🗓️ Trading Days |
A trader must have trades enter across a minimum of 3 trading days and achieve the challenge within 365 days |
| 📈 Profit split on funded account(s) |
70% - 95% |
| 🏦 Minimum payout on funded account |
3% of starting balance |
| ⚠️ Inactivity period |
If no trading activity occurs for 14 consecutive days, the account may be considered dormant and could be deleted or disqualified.
|
| 💹 Maximum leverage |
Forex
pairs up to 30:1
|
| 🛒 Bonuses & promotions |
Power-ups / Experience Pips (XP’s) loyalty program |
| 👩🎓 Evaluation environment |
Both the evaluation or "challenge" phase and funded stages are in a simulated environment with live data using virtual funds |
| 🏗️ Trading platform(s) |
cTrader |
| 💱 Tradable instruments |
Forex Majors, Minors and Exotics
|
| 🌎 Restricted regions |
Afghanistan, Central African Republic, Congo Republic, Crimea, Democratic Republic of Congo, Iran, Libya, North Korea, Somalia, South Sudan, Sudan, Syria, United States of America, Yemen. |
| 🗣️ Customer service languages available |
English only |
PipFarm Account Conditions Score
Account Conditions
8.6
Funding options
To start the process, traders must initially choose an account size and pay the appropriate fee. Once the evaluation level (challenge) has been passed, the trader can move to the next stage.
Account sizes range from $5,000 to $300,000 (newly added) and traders can opt for up to three accounts simultaneously.
Upon successfully completing the evaluation stage, the trader advances to a virtual-funded account. The initial balance of this funded account matches the starting balance of the account size chosen during the evaluation stage. At this point, the trader is enrolled in the Remote Trader Program.
Scaling process
Traders can qualify for additional funding, a process known as scaling. To be eligible, traders must achieve a 12% profit target in their funded account and are required to maintain their account for a minimum of 30-days before progressing to the next level. This waiting period applies regardless of how quickly the profit target is reached.
PipFarm’s scaling program offers faster account growth compared to other competitors, with a 50% account increase at each stage which is higher than the industry average of 25%. This makes it more appealing for traders seeking rapid progress. Traders can increase their funded account size up to four times after the challenge phase, with the opportunity to scale every 30 days, unlike some firms that allow growth only every four months. However, the higher profit targets required for scaling can add an element of challenge and risk.
If a trader has multiple accounts (maximum of three) there is an upward limit/cap of $1.5 million in total.
Scaling is optional if traders wish to keep their original account.
Profit-sharing structure
PipFarm offers a tiered profit-sharing structure that rewards consistent performance.
Traders are funded based on a ranking system. Funded traders begin with a 70% profit share and upon reaching Rank 1, their share increases to 75%. With each rank advancement, their profit share grows by an additional 5%, reaching a maximum of 95% at Rank 5.
This system encourages traders to take profits while rewarding them for successful trading.
Drawdown limit
PipFarm offers two types of drawdown limits for traders to choose from when selecting their account:
- Static drawdown limit: This offers a maximum drawdown of 6% from the starting balance.
For example, with a $100,000 initial balance, the account equity cannot fall below $94,000. If the account equity drops by 6% from the starting balance, all positions will be liquidated, and the trader will be disqualified. - Trailing drawdown limit: This offers a maximum drawdown of 12% from the high watermark, which adjusts upward when the account balance reaches a new peak but remains unchanged during losses.
For example, if the initial balance is $100,000 and the first trade closes with a $500 profit, the new high watermark becomes $100,500. The account equity cannot then fall below $88,440 (12% below the high watermark).
If the account equity drops by 12% from the high watermark, all positions will be liquidated and the trader will be disqualified. - Daily loss limit: There is a maximum daily loss of 3% based on the previous day's balance which is slighter stricter than their peers which are around 5%.
These drawdown limits are designed to manage risk and protect both the trader and PipFarm's capital. Traders must adhere to these limits to remain eligible for the funded program
Time constraints for profit targets
Traders must hit a 12% profit target within a year. This applies to both the initial evaluation and subsequent scaling rounds. This 365-day time frame gives traders an ample window to achieve their targets without undue pressure.
Payout rules
Traders can begin making withdrawals on the profits earned once they are trading on funded accounts, with the first payout available after a minimum of three trading days. After the first payout, traders can withdraw their profits every two weeks.
The initial minimum withdrawal amount is set at 3% of the starting balance. As traders progress through the XP program, they also can lower this amount to just 1% of their starting balance. Plus, all withdrawals come from the profits they have earned, so their original trading capital stays intact.
Additionally traders with 10XP points can access weekly payouts. This regular profit-taking can help manage overall account drawdown risk effectively.
Bonus and promotions
Power-up and ranking system (loyalty program)
Traders can earn Experience Pips (XPs) by reaching various milestones, which unlock different perks:
| Rank | XP Required | Upgrade/Add-on |
|---|---|---|
|
1 |
10 XP |
|
|
2 |
25 XP |
|
|
3 |
50 XP |
|
|
4 |
100 XP |
|
|
5 |
200 XP |
|
These add-ons are designed to enhance the trading experience and give benefits to those that progress through the program.
To unlock PipFarm's power-up add-ons, traders need to earn Experience Pips (XPs) by trading and reaching certain milestones.
PipFarm offers power-up add-ons that enhance the trading experience as traders progress through the program. To unlock these features, traders earn Experience Pips (XPs) by trading, hitting profit targets, passing evaluation tests, and staying consistently profitable. Unlike some firms that charge for add-ons, PipFarm rewards traders with XPs as they reach different milestones.
Traders can boost their XP points through various "milestones" and "quests," such as securing 50 pips from a single trade or maintaining a five-day streak of profitable trades. These achievements keep traders engaged, offering additional ways to unlock extra features and move up the rankings.
Milestones:
- Starting a challenge = 1 (XP) point
- Pass ID verification = 2 points
- Pass a challenge = 3 points
- Receive a payout = 1 points
- Scale up to level 2 = 2 points
- Scale up to level 3 = 3 points
- Scale up to level 4 = 4 points
Quests that are added periodically: (once per user)
- When you get a payout = 2 (XP) points
- Reaching 200 pips = 2 points
- Pass a challenge = 3 points
- 5-day profitable streak = 2 points
- Gaining 50 pips in a trade = 1 point
PipFarm Trading Rules Score
Trading Rules
8.4
Allowed trading styles
PipFarm is suitable for both active day traders and swing traders.
Disallowed trading styles
These include high-frequency trading (HFT), prop account hedging, prop firm passing services and generally overly aggressive strategies. Ultimately, PipFarm aims to find traders who demonstrate consistency and strong risk-management skills.
Tradable assets
PipFarm offers over 40 Forex pairs available in total including Majors, Minors and Exotic pairs.
Commodities, including Metals – Gold (XAU/USD, XAU/EUR) and Silver (XAG/USD, XAG/EUR) – and Energies – WTI Crude Oil, Brent Crude Oil, Natural Gas.
Global stock indices such as US indices (Dow Jones Industrial Average, Nasdaq, and S&P 500), European indices (FTSE100, DAX 40, CAC 40 and Euro Stoxx 50), Asian indices (Nikkei 225 and ASX 200) and other European indices like AEX Index, SMI and FTSE MIB.
PipFarm also offers cryptocurrencies such as BTC/USD (Bitcoin), ETH/USD (Ethereum), XRP/USD (Ripple), BCH/USD (Bitcoin Cash) and DSH/USD (Dash).
Instrument restrictions and position holding
They do not offer trading on individual stocks, ETFs, futures, bonds, or options.
There are no restrictions applied to traders who would like to hold positions overnight and throughout weekends.
Leverage
PipFarm offers various leverage options for the different asset classes. The standard leverage ranges from 20:1 to 30:1 depending on the instrument. Due to the higher perceived risk and volatility, cryptos have a standard leverage of 3:1.
However, traders who reach level 3 on the XP loyalty program can access increased leverage of up to 50:1 on certain instruments.
In addition to this, PipFarm has a three-tier system that applies to the leveraging based on trade volume. As your trade account and traded volume increase, PipFarm uses dynamic leverage to prevent over-exposure to any particular instrument. This means that the available leverage may decrease as your position size grows, helping to manage risk and maintain account stability.
Risk-management requirements
PipFarm has various risk-management rules for traders to adopt both in the evaluation stage and once a trader achieves the funded account stage.
In the evaluation stage, a trader can choose the 6% static or the 12% trailing drawdown (one-step evaluation). With the two-step evaluation process, they are given a 9% drawdown limit for each phase.
Thereafter, funded accounts will have either the 6% static drawdown or the 12% trailing applied depending on the trader’s initial choice in the one-step evaluation. Those who opted for the two-step evaluation will be able to choose between the two options.
There is a 3% maximum daily loss limit, which can be increased through the completion of various stages in the loyalty program by gaining XP points.
There are no specific requirements for traders to place stop losses.
Kill Switch: This optional feature allows traders to set a specific threshold, either a profit or loss amount for their account. When this threshold is reached, all open positions will be automatically closed. Traders can configure this safety measure through their dashboard, providing an additional layer of risk management or profit protection according to their preferences.
News trading
PipFarm allows traders to trade the news and keep positions open during major news events and economic data releases. This gives traders more flexibility to capitalise on market movements unlike some prop firms that impose restrictions on news trading.
PipFarm Evaluation Process Score
Evaluation Process
8.0
Challenge structure
PipFarm provides traders with two evaluation options. The first is a one-step process, offering a quicker evaluation with a single profit target and loss limit. Alternatively, traders can choose the two-step process, which maintains the same profit target but divides it into two phases. This option features a higher overall loss limit, also split between the phases, allowing for a more gradual assessment that some traders may find more achievable.
One-step evaluation
The aim is to achieve a 12% profit target with a choice of loss limit rules:
- Static, with a maximum loss of 6% based on the starting balance.
- Trailing, with a maximum loss of 12% that follows the highest account balance (watermark).
Two-step evaluation
The aim is to achieve an overall profit target of 12% but in two phases. In phase one, traders will need to achieve a 6% profit target with a maximum loss limit of 9%. Once this is passed, they would move to phase two, which is to achieve another 6% profit target with the same loss limit rule as phase one.
The evaluation phase must be achieved over a minimum of three trading days and within a trading period of up to a year.
Profit targets and consistency rules
PipFarm's progression path is straightforward. Each level requires traders to achieve a 12% profit target to progress. Upon reaching this target, traders become eligible to advance to the next level after a thirty-day period.
To ensure consistent performance, PipFarm has implemented two key rules:
- Traders must have a minimum of three trading days for each level.
- Traders must remain at their current level for at least thirty days before advancing.
These rules are designed to prevent advancement based on one or two exceptional trades, ensuring that traders demonstrate sustained profitability over time.
Evaluation environment
PipFarm utilises demo accounts with cTrader for the initial evaluation stage, known as the "challenge."
Traders can familiarise themselves with a demo account through cTrader before committing to a challenge. These accounts operate under simulated market conditions, allowing traders to experience trading without real financial risk.
It’s important to understand that, in a simulated environment, orders may be filled more easily than live accounts due to ideal execution conditions.
PipFarm Costs & Fees Score
Costs & Fees
7.6
Challenge fees and recurring charges
All fees are due upfront and once the evaluation starts, it is non-refundable.
Evaluation fee
- $5K account fee is $50
- $10k account: $100
- $20k account is $150
- $50k account: $300
- $100k account: $550
- $200k account: $1,050
- $300k account: $1,550
The evaluation fee is payable for each evaluation the trader undertakes. There is no limit to how many times a trader attempts to complete the evaluation stage.
Payment methods
PipFarm has various payment options for evaluation fees, which include:
- Credit/Debit Cards: Visa, Mastercard, JCB, and UnionPay
- Digital Wallets: PayPal, Skrill and numerous alternative payment methods: MBWAY, Blik, Repid Transfer, Przelewy24, PIX, Pago Efectivo.
- Cryptocurrency: Payments can also be made using Coinbase and USDT via ERC20, Polygon, and TRC20 networks.
Refund policies and hidden costs
PipFarm does offer a refund on assessment fees if you cancel within five working days of purchase, provided no orders (pending or completed) have been placed before cancellation. Many competitors do not offer this refund option.
However, unlike PipFarm, some competitors do offer refunds if the evaluation phase is successfully completed.
Trading fees
Commission fees of $6 per lot traded (round-turn) apply to trades on both evaluation and funded accounts as charged by their third-party broker.
However, traders have the chance to reduce the commission to $3 and $0 on funded accounts after successfully completing various levels within the XP loyalty program.
PipFarm offers raw spreads ranging from 0 to 0.2 pips based on the feed from their liquidity provider. During peak market hours such as the London/New York overlap, spreads on pairs like EURUSD and GBPUSD can be as low as 0 pips.
PipFarm’s broker charges swap fees, which are clearly stated on their website.
There are currently no swap-free accounts.
No inactivity and no recurring or subscription fees.
PipFarm Technology & Tools Score
Technology & Tools
8.6
Trading platforms
PipFarm exclusively uses cTrader as its platform for both desktop and mobile devices. This platform meets the requirements of most traders.
cTrader provides the expected functionality of a comprehensive trading platform, with both desktop and mobile versions supporting chart trading, allowing traders to place orders directly from charts. They also have access to many indicators and third-party plugins. However, on occasions we encountered some issues using the mobile app when chart trading.
Despite these drawbacks, cTrader still provides functional trading experience across devices, although more advanced traders might find certain aspects of the mobile app less flexible than they would prefer.
Execution quality
During the evaluation of trade execution, the majority of orders were filled as expected. There was minor slippage (a fraction of a pip) on a few trades, while one trade even secured a more favorable price.
It's important to note that these trades were conducted during the evaluation stage at level one. PipFarm states that order fills at this stage may be smoother than what traders might experience in funded accounts. This is a common characteristic of many demo accounts across the industry. When trading with real funds, factors such as market liquidity, price slippage, and order fill rates may vary compared to the simulated environment.
Traders should be prepared for potentially different execution conditions when transitioning to the funded accounts.
Data feeds and risk-management tools
PipFarm's data feed and spreads are competitive and in line with industry standards. When compared to multiple brokers, PipFarm offers comparable pricing and spread conditions for traders.
PipFarm also offers several tools and features related to position sizing and risk control for traders, which can be found on their platform (kill switch) and within cTrader.
Position sizing
cTrader enables traders to set precise lot sizes for improved risk management, and it offers the flexibility to easily switch between lots and units.
Forex: Minimum position size is 0.01 lots, equivalent to 1,000 units of the base currency (micro-lot).
Commodities: Minimum position size is 0.01 of the full contract. For example, 0.01 lots of XAU/USD equals 1 ounce of gold, while 0.01 lots of WTI crude oil represents 10 barrels.
Indexes: Most indexes have a minimum position size of 0.1 contracts, representing 10% of the full index point. The exception is Japan 225, which requires trading in whole index points with a minimum position size of 1 contract.
Cryptocurrencies: Minimum position sizes vary based on the cryptocurrency's value, for example:
- BTC/USD (Bitcoin) allows trading from 0.01 BTC due to its high value.
- XRP/USD (Ripple) has a larger minimum position size of 1,000 XRP reflecting its lower unit value.
- BCH/USD (Bitcoin Cash) has a minimum position size of 10 BCH.
These varied position sizes across asset classes allow traders to adjust their exposure precisely according to each instrument's characteristics and market conditions.
Performance analytics
PipFarm has a streamlined dashboard that focuses on key performance indicators:
- Current profit percentage.
- Trading account number and starting balance.
- Compliance with maximum trailing loss and daily loss rules.
- High watermark and previous end-of-day balance.
- Current equity and balance.
- Scaling progress towards the next funding level.
- Profit amount available for payout.
The dashboard is designed to help traders monitor their performance and compliance within PipFarm's rules. It is easy to understand, user friendly and gives a good overview.
Additionally, cTrader provides precise trade details and notifications when orders are filled, along with a range of detailed performance analytics for traders commonly expected from leading platforms.
PipFarm Education & Community Score
Education & Community
6.6
Training materials and live learning
PipFarm's data feed and spreads are competitive and in line with industry standards. When compared to multiple brokers, PipFarm offers comparable pricing and spread conditions for traders.
However, it does not offer educational tools or resources specifically tailored to trading or using the cTrader platform. These resources are widely available from other sources
While PipFarm has detailed content relating to their program, they provide limited educational content for those that wish to develop their trading knowledge and skills. We found that other prop firms within the industry provided more comprehensive education.
Community support
PipFarm offers several community channels, including Discord (which currently has over 2,000 members), Twitter/X (+6,800 followers), Telegram, and various social media platforms
Discord stands out as the most active, with frequent updates and engagement from the CEO and his support team. It serves as the main platform for participants to ask questions and interact within their community.
Additionally, the Discord server is the central hub where traders can view payout certificates and receive updates, which is motivating for others in the community to see.
PipFarm Customer Service & Support Score
Customer Service & Support
8.0
Support channels
PipFarm offers a number of support channels including a chat service, Discord, email and the major social media channels. However, there is no specific support schedule or service level agreement.
Response time
Several channels were tested and typically received answers within minutes, demonstrating excellent response times. However, when trying to contact them via one of the social media messaging services, it took a few days to get a reply, which could be improved. The fastest response was through the chat service, email and the Discord channel.
Knowledge base
PipFarm offers a collection of articles or guides through their FAQ and blog section that address many common questions, making them helpful resources for both new and existing members.
Multilingual support
Currently, PipFarm is only available in English. However, when asked, they mentioned plans to potentially introduce additional language options in the future.
PipFarm Reputation & Reliability Score
Reputation & Reliability
7.2
Regulated compliance and transparency
PipFarm does not require regulatory oversight from traditional financial services regulators as it is classed as Proprietary Trading firm. They are registered with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore.
ACRA is not a financial regulator. Instead, it focuses on business registration, corporate governance and public accounting regulation.
PipFarm is based in Singapore and adheres to the Singapore Consumer Protection (Fair Trading Act). The company implements standard security measures including Know Your Customer (KYC) procedures and Anti Money Laundering (AML) compliance.
As a proprietary trading firm, PipFarm evaluates traders' skills through challenges or assessments, providing virtual capital for trading. If a trader successfully passes these tests, they are granted virtual funds to trade in exchange for a share of the profits. The firm does not manage client funds or offer financial products to the public, which exempts it from financial services regulation. Instead, PipFarm leverages trading data from its traders to execute its own proprietary trading strategies.
Funded traders are classified as independent contractors and enrolled into the Remote Trader Program. PipFarm uses Riseworks, a human resources management platform, to onboard contractors globally. This platform facilitates background checks, manages contracts and processes payments for contractors working with PipFarm.
Trader testimonials
Given the company's early stage, there are only a limited number of user reviews available. While the feedback tends to be positive, it is important to note that it comes from a small number of reviewers.
Some of the trader reviews from their members can be found on their Discord group.
Payout history
PipFarm's track record for timely and accurate payouts couldn’t be independently verified. Available evidence comes from certificates and commentary shared on their Discord channels and social media groups.
According to payoutjunction at the time of writing this review, they have paid out just over $162k and made 67 payouts since June 2023.
Profit withdrawals
PipFarm utilises a platform called Riseworks to handle payments for funded traders. Once a trader qualifies for a payout, they join the remote trader program allowing them to access their profit share. Traders can request their earnings through the PipFarm dashboard, which automatically creates an invoice for them.
Funds are typically sent within 48 hours of invoice generation.
PipFarm provides traders with several payout options, including Riseworks, Binance Pay, and Skrill. Riseworks offers flexibility by allowing withdrawals through both cryptocurrency and local bank transfers. For Riseworks payouts, there's a minimum withdrawal amount of $300, and these transactions are typically processed within 24 hours.
Alternatively, traders can use Binance Pay or Skrill for their withdrawals, though these methods may take up to 72 hours to process.
There are no payout fees.
Making withdrawals will not affect your ability to scale up to the next level. PipFarm bases scaling opportunities on the percentage of profits you achieve, not on your total account balance. This means you can take your profits without affecting your progression in the program.
Transparency
PipFarm is open about how it operates by clearly explaining its terms and conditions. This includes details on fees, simple trading rules, commissions, the platform, instruments available, profit-sharing, security measures and how your trading data is used.
PipFarm User Experience Score
User Experience
8.6
Website usability
PipFarm's website has a modern and easy-to-use design. It includes features similar to gaming platforms, which might attract a younger, tech-savvy crowd. This design choice is to help keep users engaged and make their trading experience more enjoyable.
PipFarm’s progressive rewards system where traders accumulate experience points (XP) to unlock benefits resembles leveling up in games, which could attract users who appreciate progression systems.
The layout is clean and contemporary, with clear navigation menus that facilitate easy access to important information regarding their trading model and rules.
Overall, the website combines functional design with gamified elements to cater to its target audience.
Mobile compatibility
Like most prop firms, PipFarm doesn’t offer a standalone mobile app but utilizes the cTrader app for trading. To track their progress using the dashboard, traders simply need to log into PipFarm's web portal, which is accessible on both mobile and desktop browsers through their website.
Onboarding
The evaluation process was straightforward and was completed in just 8 minutes. Traders will need to pay for the challenge upfront, with the cost depending on the account size they choose.
Traders who advance to the funding stage must complete KYC procedures and submit required documents to receive access to the funded accounts. Feedback from the Discord community indicates that this process was surprisingly quick, with many users noting that it outpaces the verification and funding times of other similar platforms.
Overall, PipFarm's efficient approach to KYC and document verification is viewed positively by its traders.
PipFarm final thoughts
PipFarm is a trading company that gives traders the chance to manage virtual funded accounts using the cTrader platform. Unlike regular brokers, PipFarm doesn't follow the same strict regulations so the main risk for traders is the upfront evaluation fee rather than concerns about the safety of their funds.
This trading model is best suited to skilled traders who already have solid strategies and are looking to access more capital.
It does allow new traders to access funded accounts with built-in risk management and accountability, giving them the opportunity to trade without the fear of risking their own capital. The risk they face is losing the evaluation fee.
PipFarm allows traders to choose between a simple one-step or a two-step evaluation, each offering different levels of risk. They also provide attractive profit-sharing options and opportunities for growth through their XP loyalty program, which can be appealing to successful traders and unlike other competitors there is no additional cost to these add-ons.
Services are only offered in English, which makes it more difficult for non-English speakers to participate.
For beginners seeking a structured educational path and assistance in developing trading skills and strategies, PipFarm offers limited support, as there is no formal educational framework in place.
About PipFarm
PipFarm is a proprietary trading firm Headquartered in Singapore, provides skilled traders with virtual funding opportunities. Although PipFarm is not a regulated financial services provider, its evaluation model enables traders to access virtual capital and earn a share of real profits without offering financial products directly to the public.
FAQs
PipFarm operates under the Singapore Consumer Protection (Fair Trading) Act, which ensures fair trading practices for its users. However, unlike traditional brokers, PipFarm is not regulated by financial authorities such as the Australian Securities and Investments Commission (ASIC) or the UK Financial Conduct Authority (FCA), because it does not manage client funds or offer financial products to the public.
PipFarm also utilises strict risk management protocols in its evaluations and traders operate with virtual capital rather than directly with client funds, adding an additional layer of protection.
Registered address
ECI Ventures Pte. Ltd.,
68 Circular Road #02-01,
049422, Singapore
PipFarm allows traders to trade a variety of assets including Forex pairs, commodities (such as gold, silver, and oil), indices and crypto currencies allowing for flexibility in trading across multiple markets, all using virtual capital provided by PipFarm.
Getting started with PipFarm is a simple online process. Here is a step-by-step guide:
- Visit the PipFarm Website: Go to the official PipFarm website.
- Account Registration: Click on the "Get Started" button on the homepage. You will need to sign up using your email address and password.
- Choose Your Profile: After signing up, you will be prompted to fill out your profile details, including your country of residence, name and personal information. You will also set a password for your account.
- Choose Your Challenge: Select the evaluation or challenge you would like to take based on the account size you are interested in. Please note: when you select your account size, if the evaluation stage is completed successfully this would be the account size allocated to you at the start of the funded stage. Each challenge has a different cost depending on the virtual capital allocation.
- Agree to Terms and Conditions: This is a short questionnaire to assess your suitability for trading derivative products.
- Agree to Terms and Conditions: Review and accept PipFarm's terms and conditions before proceeding.
- Pay for the Challenge: Complete the payment for the challenge you have selected. Pricing is determined by the virtual account size.
- Start the Evaluation: Once payment is confirmed, you can begin trading using the virtual capital provided by PipFarm to demonstrate your trading skills.
- Complete the Challenge: Successfully complete the evaluation by meeting the profit targets and adhering to the risk management rules. If you pass, you will be funded with virtual capital to trade on PipFarm's platform, with the potential to earn real profits.
- Monitor Your Progress: PipFarm provides tracking tools to monitor your performance during the evaluation, so you can stay on top of your progress toward passing the challenge.
- Verification Stage: Once successfully completing the evaluation you will move to the funded account stage where you will be required to upload the necessary documents for KYC and complete the Remote Trader Program agreement.
About the authors
