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 funding prop firm in 2024? ›

Comparison of the Best Firms for Prop Trading
Company NameProfit splitMaximum capital
FX2 Funding85%$200000
FTMOUp to 90%$400,000
Lux Trading Firm75%$10 million
Audacity Capital50%$500,000
10 more rows

Which prop firm is regulated in the US? ›

OANDA, Axi, and Hantec Markets are three regulated forex and contracts for differences brokers that launched prop trading services.

Are prop trading firms legit? ›

Prop businesses nowadays are utterly unregulated and far apart from the banking industry. As a result, these internet prop companies are legitimate and not a fraud. Scammers do exist in the sector, though, and they attempt to exploit the current market because there isn't much oversight.

Which is the most trusted prop firm? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  • Topstep.
  • The 5%ers.
  • Earn2Trade.
  • SurgeTrader.
  • FTMO.
  • E8.
  • City Traders Imperium.
  • Fidelcrest.
Feb 2, 2024

What are the trustworthy prop firms? ›

Top 3 Prop Trading Firms in 2024
PositionRating scoreTrading Firm
Ranking position9.65Topstep Overall score: 9.65/10
Ranking position9.02FTMO Overall score: 9.02/10
Ranking position8.39Funded Trading Plus Overall score: 8.39/10
4 Ranking position7.76Funded Next Overall score: 7.76/10
16 more rows

What prop firm has the fastest payout? ›

Funding Traders offers some of the fastest, most flexible payout terms in the industry. As a funded trader yourself, this industry-leading prop firm empowers you to maximize profits and get paid faster.

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 the most reliable forex trading platform? ›

  • OANDA - Best US forex broker overall. ...
  • Forex.com - lowest spread forex broker. ...
  • IG - best forex broker for beginner traders. ...
  • Interactive Brokers - best broker commission rates. ...
  • TD Ameritrade - best U.S.-based customer support. ...
  • eToro - best social and copy trading platform. ...
  • Trading.com - good selection of currency pairs.
Dec 19, 2023

What are the top 5 futures prop firms? ›

The top futures prop firms are TopStepTrader, Jane Street, FTMO, 3Red Partners and The Trading Pit. Jane Street and 3Red Partners are very secretive about their fees and profit splits but they do offer some of the best technology and high-frequency trading.

Why prop firms are closing? ›

Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.

Is MetaTrader banning prop firms? ›

MetaQuotes, the developer of popular trading platforms MetaTrader 4 and MetaTrader 5, is cracking down on several prop trading firms such as Ftmo, the5ers, etc., and forcing many brokers to terminate their services (if these firms do not comply). This decision has had a negative impact on most prop traders in the US.

Do prop firms actually 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.

How do I know if my prop firm is legit? ›

Ratings and reviews

Look for the firm on rating sites (such as TrustPilot). See if the firm is on lists of good prop firms (such as this one). Read what traders say about the firm. Remember, though, that ratings sometimes can be manipulated, and reviews can be fake.

Can you make a living with prop trading? ›

Prop trading can be lucrative, with earnings tied to a profit-sharing ratio. Unlike traditional brokers relying on commissions, prop traders' income directly links to generated profits. Ratios vary, often ranging from 75/100 to 90/100, offering flexibility based on experience and strategy.

Which prop firm offers instant funding? ›

FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.

Is Funded Next trustworthy? ›

Fundednext is one of leading and trusted funding prop firms in the world, if you are looking to start trading a huge capital up to $300,000. Having tested it, I highly recommend you go ahead and sign up with Fundednext.

Which prop firm has the lowest spread? ›

**SMB Capital**: Specializing in equities trading, SMB Capital is known for its low trading costs and competitive spreads. 5. **Candlestick Trading Forum (CTF)**: CTF is a prop firm that focuses on Forex trading and is reputed for offering tight spreads.

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