PipFarm Review - Pricing, Details and Features Explained
Review of PipFarm forex prop funding firm. You can access forex funding by passing a one-stage or two-stage evaluation.
PipFarm Funding Review
PipFarm Prop Firm is A+ Rated at Prop Meter
PipFarm Details :
PipFarm is a Prop funding firm established in 2024 by James Glyde and His team. Pip Farm is based in Singapore. The Firm is backed by a great team and CEO. Keeping the heads up, Traders can receive substantial amounts of funding and withdraw their profits.
Meet the Man Behind PipFarm :
James Glyde (CEO)
PipFarm is led by former cTrader executive James Glyde. James has over a decade of experience at the forefront of the online trading industry, having worked alongside established brokers and prop firms, such as TopFX, Scandinavian Markets, and Nordic Funder. Expect James to apply his vast experience in product development, corporate governance and risk management to ensure that PipFarm exceeds your expectations.
- James Glyde (CEO)
Funding Programs at PipFarm :
PipFarm was before recognized for only providing 1-stage programs at very affordable prices and mainly with the best program objectives. Now, after expanding, they have launched 2-stage programs with the most reliable and simple rules. Below is a brief of the rules.
1 Stage Program -
Profit target - 12%
Daily Drawdown - 3%
Max Drawdown- 12% Trailing or 6% Static (Option to Choose)
Max leverage- 1:30
Minimum trading days- 3 days
Profit Share- Upto 95%
Account Sizes Available - (5k,10k,20k,50k,100k,200k,300k)
2 Stage Program -
Profit target - Phase 1 = 6% | Phase 2 = 6%
Daily Drawdown - 3%
Max Drawdown- 9% Static
Max leverage- 1:30
Minimum trading days- 3 days
Profit Share- Upto 95%
Account Sizes Available - (5k,10k,20k,50k,100k,200k,300k)
For More Information Regarding Accounts at PipFarm - Click Here
Rule Violations and Profit Sharing: Even if you break a rule on your funded account, you may still be eligible for a share of the profits under certain circumstances. PipFarm appears to have some flexibility, but it’s always best to adhere to the rules for optimal performance.
Available Assets & Leverage :
PipFarm offers a varied selection of tradable assets, including:
ASSETS - LEVERAGE
Forex - 1:30
Metals - 1:20
Energy - 1:20
Indices - 1:20
Cryptocurrencies - 1:3
Trading Platform and Broker :
Pipfarm is focused on delivering the best available tools to its customers and traders, with industry-level platforms and executions assisting traders in easing their trading journey.
Platform Available :
cTrader Platform is widely used as a Professional Trading Software, available in both Desktop and Mobile versions.
Download cTrader - https://ctrader.com/download/
Liquidity Provider :
PipFarm Proprioertary firm is using TopFX as their preferred liquidity provider. TopFX provides great spreads, execution speed, and trading conditions.
Trading Activity Rules :
Inactivity: Both the challenge and funded account phases require at least one trade every 14 days to avoid disqualification. This ensures active participation from aspiring funded traders.
News Trading: You can trade during news events and leverage them to your advantage.
Weekend Trading: Holding positions over weekends and trading cryptocurrencies on Saturdays and Sundays is allowed.
Stop Loss Requirement: There is no mandatory requirement to use stop-loss orders. You have the flexibility to choose whether to incorporate them into your strategy.
Algorithmic Trading:
Custom cTrader Bots: You can use your custom cTrader bot, provided it is the same bot used to pass the challenge. This ensures your bot’s performance translates effectively to the funded account.
High-Frequency Trading (HFT) and Copying Signals: Engaging in high-frequency trading or copying other traders is prohibited. PipFarm prioritizes fair market conditions and discourages these activities.
Unique features at PipFarm :
Power Ups - XP Points
PipFarm has introduced a unique approach named Power Ups, in which traders can earn XP Points, increase their ranking, and unlock great rewards and achievements.
Ranks and Power-Ups:
As you accumulate XP, you’ll progress through various ranks, each unlocking exciting new power-ups:
Extended Inactivity Period: Enjoy greater flexibility with an additional 14 days of inactivity allowance before your account is disqualified. You can take your time to look at markets and identify high-potential setups without the pressure of forced trading.
Reduced Commissions: Slash your trading costs by 50%, bringing your commissions down to a mere $3 per lot for FX and metals. You can maximize your profits while PipFarm helps cover the expenses.
Faster Payouts: Get rewarded for your performance with faster payouts. After your initial payout, subsequent payouts are processed every 7 trading days instead of the standard 14.
More Details Regarding Power Ups - https://pipfarm.com/power-ups/
Scaling Plan :
Unlock more funding for your trading strategy without risking your profits or spending more on screening tests. Simply trade your funded account of any size and withdraw 12% of profit in one go after the account is 30 days old, to start the next funding round.
Scale Every 30 Days.
Increase your exposure without compounding. Profits are distributed before every funding round.
To Scale up - 12% is needed to get additional funding.
Every funded account can be scaled up to 4 times in increments of 50% of seed funding.
1.5 Million USD in Funding - Trade with upto 1.5 Million USD in seed funding with their scaling plan.
Kill Switch - Equity Protection
Kill Switch is the most famous feature of PipFarm where traders can save their accounts from getting blown away.
You can set the loss you want to encounter and when your equity reaches that point, it will automatically close all the running trades. Eg- On a 100k account, the Max Daily loss is 3000$. This means the max equity balance can be 97000$ on that certain day, as people with over-trading or over-risking habits can be encountered by Kill Switch. The trader could have set up Max Loss in Kill Switch at 97200$ or it depends on the trader's approach.
You can also set a profit level so that when you reach a certain profit setup, then your trades get closed automatically. Eg- On a 100k Challenge, the target for Phase 1 is 6%. This means the Equity profit target is 106000$, So a trader could have set the Max profit at 106000$ so your trades could get automatically closed at that point and you got your challenge passed as sometimes a trade could have revesed after going into profit.
Profit Rewards - Upto 95%
Up to 95% is Yours: The more profit you generate, the greater your share becomes. You can keep up to 95% of your profits as you achieve higher withdrawal milestones.
Transparent Structure: A clear-tiered system is in place. The first 3% profit withdrawal is shared 70/30 in your favor, gradually increasing in your favor as you withdraw more. This is now based on the ranks.
Scaling Bonus: Receive an additional 1% bonus when you scale your account for the first time.
Hassle-Free Withdrawals:
Simple Process: The PipFarm dashboard simplifies requesting profit share withdrawals.
Fast Processing: Your funds will be sent normally within 48 hours depending on the payout method.
Focus on Trading: PipFarm handles all the profit-share calculations and does not charge you a fee to withdraw your payout, allowing you to concentrate on your trading activity.
Flexibility and Convenience:
Minimum Threshold: The minimum withdrawal amount is 3% of your starting account balance.
Frequent Withdrawals: First Payout after 3 minimum trading days, and then you can request profit share payouts every 14 days.
Power-Up Potential: Upgrade to higher ranks through the Power-Up program to unlock unlimited and unrestricted profit share withdrawals.
Multiple Payment Options: PipFarm offers various payout methods, including Riseworks, Binance, Skrill, and Crypto catering to your preferences.
Prop Meter's Words
Our Research team at Prop Meter has cross-verified all the details regarding their CEO and Company details. The results show that our team has found PipFarm to be a top recommendation. PipFarm is running a fair prop funding business in a way that is sustainable for long-term growth. The CEO, James Glyde himself owns a lot of expertise due to working in the industry for decades and also having a professional team with him. The Long-term growth and Sustainability of Pipfarm is inevitable.
Hence, We can Say that PipFarm is Prop Meter approved.
