Overview of PipFarm Prop Firm!!

Prop trading, short for proprietary trading, is when a company lets traders use its money to trade. This is great for traders who know how to trade but don’t have enough capital to make big moves. PipFarm steps in by offering traders the opportunity to trade with significant funds, provided they pass an evaluation to prove their skills.

Legal Details about PipFarm

PipFarm, legally known as ECI Ventures Pte. Ltd., is a trading firm based in Singapore. It’s registered under company number 202329954C and is located at 68 Circular Road #02-01, 049422, Singapore. PipFarm gives traders the chance to trade with large sums of money, helping them make the most of their trading skills

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PipFarm’s Evaluation Programs

PipFarm has two main evaluation programs to assess traders: the 1-Stage Evaluation and the 2-Stage Evaluation.

1-Stage Evaluation

The 1-Stage Evaluation is for traders who are confident in their skills and want to prove it in a single round. Traders need to hit a 12% profit target, using up to 1:30 leverage. They can earn up to 90% of the profits they make and must trade for at least 3 days. The program offers two options for managing risk: traders can choose a 12% trailing drawdown or a 6% static drawdown. Account sizes range from $5,000 to $200,000.

2-Stage Evaluation

The 2-Stage Evaluation is a more detailed process. It’s split into two phases, each with a 6% profit target. Traders use up to 1:30 leverage and can earn up to 90% profit share after completing both phases. Like the 1-Stage Evaluation, traders must trade for at least 3 days. This program comes with a 3% daily drawdown and a 9% static drawdown. The account sizes also range from $5,000 to $200,000.

The Funded Trader Program

Once traders pass the evaluation, they join PipFarm's Funded Trader Program. Now traders can make profits which they can withdraw right after 3 trading days and every 14 days after that. Also with being funded trader, traders can start scaling up their profit splits and Account size.

Key Features of PipFarm

PipFarm has several features designed to help traders succeed.

Scaling Program

PipFarm doesn’t just give you funding once. If you perform well and hit your targets, you can receive more funding over time, potentially growing your account significantly.

Leverage

PipFarm allows traders to use up to 1:30 leverage, giving them more buying power and the potential for higher returns, though it also means they need to manage their risks carefully.

Account Funding

Traders can combine multiple accounts to access up to $300,000 in seed funding. With consistent success, they can scale their accounts up to $1.5 million.

Trading Platform

PipFarm exclusively uses the cTrader platform, known for its user-friendly interface and powerful tools. cTrader is popular among professional traders for its advanced charting and risk management features.

Simple Pricing

PipFarm charges a straightforward enrollment fee for the evaluation. There are no hidden costs or add-ons. All traders get the same conditions, which are among the best in the industry.

Flexible Trading Strategies

PipFarm is open to a wide range of trading strategies, whether manual or automated. They welcome unique approaches but do not allow high-frequency trading bots or copying other traders.

Excellent Trading Conditions

PipFarm offers competitive trading conditions with low commissions and raw spreads, ensuring traders can trade under optimal conditions.

Generous Profit Sharing

When traders hit the 12% profit target, they can keep up to 90% of their earnings, making it one of the most generous profit-sharing models around.

Experience Pips (XP)

As traders trade with PipFarm, they earn Experience Pips (XP), which unlocks new features and benefits, helping them advance in their trading journey.

Other Important Details :-

PipFarm includes a "kill switch" feature that automatically closes all positions in a trading account when the equity reaches a set level. This is a combination of a stop loss and take profit function to help prevent significant losses or to ensure profits when targets are exceeded.

Traders are allowed to trade during news events and can hold positions over the weekend. This flexibility extends to cryptocurrency trading, which can be done even on weekends. Although stop losses are not required, they are recommended for better risk management.

PipFarm does not support high-frequency trading bots due to their difficult nature in replicating and the potential for slippage. However, they welcome most other trading strategies, except for those involving deceptive practices like prop account hedging or using passing services.

Multiple funded accounts are allowed, with a combined funding limit of $300,000. If a screening test is passed that exceeds this limit, the fee is refunded, and the test is rejected.

Traders can request their first profit share after just three trading days. Following that, profit shares can be requested every 14 days. With the Power-ups feature, traders can unlock unlimited profit share payments.

Certain countries are restricted from trading with PipFarm due to challenges in profit share distribution. These countries include Afghanistan, Central African Republic, Congo Republic, Crimea, Democratic Republic of Congo, Iran, Libya, North Korea, Somalia, South Sudan, Sudan, Syria, the United States, and Yemen.

Payouts are typically handled through Riseworks, and for traders in unsupported regions, alternative methods like Binance and Skrill is used.

PipFarm exclusively uses the cTrader platform, chosen for its reliability and extensive risk management tools. Supported trading instruments include Forex, metals, energy, indices, and crypto. The default leverage is 1:30 for most products, with some exceptions for highly volatile instruments like indices (1:20 leverage) and cryptocurrencies (1:5 leverage). Although swap-free accounts are not yet available, they are in development.

TopFX is used as PipFarm’s primary market data provider, ensuring accurate and reliable trading information.

Conclusion

PipFarm is an excellent platform for traders who want to prove their skills and grow their trading careers. With a clear evaluation process, a generous profit-sharing model, and opportunities to scale, PipFarm stands out as a top prop trading firm. Whether you're an experienced trader looking for substantial capital or a newcomer aiming to make your mark, PipFarm offers the tools and support you need to succeed.