PipFarm Review 2024: Young but reliable Forex prop trading firm (2024)

Full PipFarm Prop Trading Firm Review

PipFarm is a Forex prop trading firm allowing traders to get funded accounts after passing an evaluation phase which requires them to show their trading performance under specific risk parameters. As such, prop firms provide traders with the opportunity to pay a small fee and get large trading accounts with large trading funds. PipFarm lets traders speculate on different markets and keeps a tiny portion of profits in return. In order to protect its capital, PipFarm requires traders not to lose more than a certain percentage of the funded account. The profit sharing is 90% which is super attractive in the prop scene.

PipFarm Review 2024: Young but reliable Forex prop trading firm (1)

PipFarm quick background

PipFarm offers very favorable conditions for both experienced and beginner traders. The firm provides a 25% discount on the first purchase of any seed funding amounts and has very few rules to follow. This lack of hidden rules and complicated risk management requirements presents unique opportunities for traders to deploy any trading strategy freely they think is valid and profitable.

Here are the main specs of PipFarm FX prop firm:

FPA ScoreNot yet rated
Year founded2024
HeadquartersSingapore (The parent company is based in Singapore)
Minimum audition fee125 USD
Fees on withdrawalsUnknown
Minimum funded amount10,000 USD
Maximum funded amount200,000 USD (up to 500k with scaling)
Allowed daily loss4%
Profit target12%
Maximum trailing drawdown8%
Profit sharing (Payouts)90%
Trading PlatformscTrader
Available trading marketsForex, commodities, indices, cryptos

The safety and security of PipFarm

PipFarm lacks experience as it was established in 2024, but the trader feedback on Trustpilot is exceptionally positive without any 1-star reviews. This gives the firm credibility and coupled with only a few rules, we can assume PipFarm is a reliable young prop firm that works hard to establish itself as a go-to choice for prop traders. The firm provides trading access via multiple regulated brokers who act as liquidity providers to provide traders with high-quality real-time price data on cTrader advanced trading platforms. Overall, PipFarm seems a very safe and legitimate prop trading firm with high values and fair practices.

PipFarm Fees and spreads

The spreads on Forex major pairs start from 0 pips and there are commissions of 6 USD per lot round turn. These commissions and spreads are within the industry average and offer competitive Forex trading conditions.

As for the one-time fees for each seed funding amount:

  • 10,000 USD — 125 USD
  • 20,000 USD — 225 USD
  • 50,000 USD — 475 USD
  • 100,000 USD — 875 USD
  • 200,000 USD — 1675 USD

As for non-trading commissions, the withdrawals charge no fees, which is a very positive sign.

PipFarm Accounts, deposits, and withdrawals

PipFarm has only a one-stage challenge program which is very flexible as traders have to just meet criteria by hitting profit goals without complicated rules and hidden criteria. The profit target for all funded accounts is the same, 12%.

Here is the profit targets list with the corresponding funding amounts:

  • 10,000 USD — 25,000 USD max funding — 1,200 USD profit target
  • 20,000 USD — 50,000 USD max funding — 2,400 USD profit target
  • 50,000 USD — 125,000 USD max funding — 6,000 USD profit target
  • 100,000 USD — 250,000 USD max funding — 12,000 USD profit target
  • 200,000 USD — 500,000 USD max funding — 24,000 USD profit target

As for deposits and withdrawals, traders pay a small fee to buy a challenge and after passing the valuation can start trading on funded accounts for profits. Withdrawals charge 0 USD fees and are processed within 24 hours.

Trading Platforms

PipFarm cTrader is an advanced trading platform with a multitude of built-in indicators and support for custom indicators and automated trading algorithms. The firm provides high-quality price data supported by multiple regulated brokers who act as liquidity providers. cTrader is a very popular trading platform, and PipFarm offers an advantage to its prop traders by allowing trading on this particular platform.

Deposits and Withdrawals

There are no deposits at PipFarm as traders try to pass a challenge and get a funded account. Trading on large accounts is possible through funded programs and allows traders only to pay small fees and control large trading power.

Trading assets and features of PipFarm

PipFarm allows access to diverse financial markets, including:

  • 6 metals, including Gold
  • 3 energies including oil
  • 10+ Forex pairs
  • 14 indices
  • 6 crypto assets including BTC and ETH

The spreads start from 0.0 pips, which allows traders to deploy scalping strategies to quickly profit from short-term price movements.

The unique ranking system allows traders to get leveled up and get additional benefits spread over 12 different ranks:

  • Rank 1 — No longer stop loss requirements
  • Rank 2 — extended inactivity period from 14 days to 28 days
  • Rank 3 — Series D funding to increase maximum funding even further
  • Rank 4 — 50% lower commissions
  • Rank 5–1:50 leverage
  • Rank 6 — Payouts allowed at any time (processed under 24 hours)
  • Rank 7 — Daily loss increased from 4 to 5%
  • Rank 8 — 10% capital added to funded account
  • Rank 9 — only 15 days between each scaling (instead of standard 30)
  • Rank 10 — Free 100k test account
  • Rank 11 — Absolute drawdown calculator changes from relative to absolute (fixed risk allowance)
  • Rank 12 — Double scaling unlocked

Trader’s dashboard is another useful feature of PipFarm allowing minor progress in real-time through one web platform.

PipFarm Customer Support Review

PipFarm offers its traders 24/7 high-quality support in case they need to solve any issues. This is because the firm allows crypto traders to access markets 24/7 and hold positions overnight or over the weekends. The support is provided via live chat and email support, and personnel are very well-trained.

PipFarm Education

While there are very few educational resources, PipFarm provides FAQs and a trader’s blog. In these sections, the firm provides detailed information and guides about its services, rules, and many other useful aspects of prop trading.

Should you consider PipFarm?

In the end, PipFarm is a young but reliable prop trading firm, offering profitable traders large funded accounts for few rules and very low fees. These fees can be reduced further by a 25% discount on the first purchase. The firm has a 90% profit-sharing model, allowing traders to keep 90% of profits made on funded accounts. Offered assets include Forex pairs, crypto assets, indices, and commodities, and all are available on the PipFarm cTrader advanced platform.

PipFarm Review 2024: Young but reliable Forex prop trading firm (2024)

FAQs

What is the best instant funding prop firm? ›

While FTMO stands out as the best overall prop firm, other options such as Fidelcrest, 5%ers, BluFX, Glow Node, Smart Prop Trader, FTUK, Instant Funding, and SurgeTrader also offer attractive features and benefits.

What is Forex Prop firm? ›

A prop firm is a company offering prop traders an opportunity to use their skills to trade for them. The company provides traders capital that they can use to trade stocks, commodities, futures, derivatives, and currencies. This means that you have the freedom to choose what you want to trade as a trader.

Which is the most trusted prop firm? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  1. Topstep: A Leader in Trading Innovation. ...
  2. The 5%ers: Forex Trading with a Twist. ...
  3. Earn2Trade: Empowering Aspiring Traders. ...
  4. SurgeTrader: A Gateway to Diverse Trading Assets. ...
  5. FTMO: Stringent Yet Rewarding. ...
  6. E8 Funding: Innovative and Flexible.
Feb 2, 2024

What prop firm has the fastest payout? ›

Fastest Industry Payouts – MyFundedFutures has the fastest payouts in the futures prop trading space which has become more and more important with some of the other futures prop trading firms taking weeks to payout.

Do prop firms really pay? ›

Also known as “prop trading,” it offers higher earnings potential much earlier in your career than jobs like investment banking or private equity. It's arguably the most merit-based industry within finance: if you make millions of dollars for your firm, you'll earn some percentage of it.

Are prop firms risky? ›

- Prop firms frequently offer high leverage and margin requirements, allowing traders to amplify their bets on the market. - While this can be exhilarating, it also comes with inherent danger. One wrong move can lead to significant financial losses¹.

Is Prop firm worth it? ›

Prop trading is one of the most lucrative activities as the money you earn is determined by a profit-sharing ratio. Unlike brokers, for instance, which generate money from commissions or spreads, the prop firm benefits from directly trading or investing in the market.

Which prop firm has the lowest fees? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

Can I trust instant funding? ›

ScamAdviser gives instantfunding.ca a low trust score of 32/100. The score is determined by an algorithm that takes into account over 40 data points. Underdeveloped website. There's limited information on the Instant Funding website about which lenders it partners with to provide access to loans.

Is FTMO the best prop firm? ›

FTMO Investment Options

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

Do prop firms really pay out? ›

Yes, prop firms do pay. While there are some scams out there popping up everyday, reputable prop trading firms like True Forex Funds, FTMO,5%ers,FundedNext are legitimate and pay traders according to their profit-sharing agreements. As for True Forex Funds, I can vouch for their credibility.

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