The world of prop trading is always changing, with firms looking to offer traders the best possible conditions. PipFarm, led by former cTrader CCO James Glyde, is making waves with its new 2-phase evaluation program. This program has the lowest profit targets in the industry, setting a new standard for innovation and trader-friendly practices.

Details About PipFarm

PipFarm is officially known as ECI Ventures Pte. Ltd., registered in Singapore with the company number 202329954C. The firm is led by James Glyde, a well-known figure in the trading community, who was previously the Chief Commercial Officer at cTrader. His experience and vision have shaped PipFarm into a forward-thinking and innovative prop trading firm.

PipFarm 2-Phase Challenge 

Let's talk about PipFarm 2-Phase Challenge. As of now Pipfarm was only offering 1-Phase challenge but now Pipfarm has announced the addition of their new 2-Phase Challenge!!

PipFarm's 2-phase challenge is designed to be accessible and rewarding for traders. The program sets modest profit targets of 6% for both Phase 1 and Phase 2, making it easier for traders to achieve their goals and move through the evaluation stages.

Time Limit and Trading Rules

PipFarm's 2-phase challenge provide traders a generous time limit. Traders have up to 365 days to meet their targets, providing ample time to trade strategically and avoid unnecessary pressure. The challenge also includes a daily loss limit of 3% and a maximum static drawdown of 9%, ensuring that risk management remains a top priority.

Profit Share and Leverage

PipFarm offers an attractive profit-sharing scheme, allowing traders to keep up to 90% of their profits. This high profit share is complemented by competitive leverage options, starting at 1:30 on most instruments and potentially increasing to 1:50 through their innovative powerups program.

Minimum Trading Days

To ensure consistent trading activity, PipFarm requires traders to trade for a minimum of three days in each phase. Additionally, to request the first payout, traders must complete at least three trading days, ensuring a fair and balanced evaluation process.

Unique Features of PipFarm

PipFarm also stands out with several unique features designed to enhance the trading experience and provide additional benefits to its traders.

Payouts on Breach

A particularly notable feature of PipFarm is its policy on payouts in the event of an account breach. PipFarm allows funded traders to keep their earned profits even if they breach their account rules. This policy provides a safety net and an added incentive for traders to continue striving for success.

Simple and Clear Rules

PipFarm prides itself on offering straightforward and flexible trading rules. Traders are allowed to engage in various trading strategies and techniques, including news trading, EA trading, trade copiers, hedging trades, martingale, layering, and trading without a stop loss. Additionally, traders can hold positions overnight and over the weekend, offering them maximum flexibility in their trading activities.

Scaling Potential

One of the features where PipFarm shines bright, is the potential for traders to scale their accounts. Traders can increase their funding up to $1.5 million without sacrificing their profits. Furthermore, PipFarm rewards traders who scale up with a 1% cash bonus, providing an additional incentive to grow their accounts.

Powerups Program

PipFarm's powerups program is an innovative feature that awards traders with various perks based on their trading performance and activity. Traders can earn XP through completing quests and climbing the XP ladder, which allows them to rank up and unlock benefits such as increased leverage, higher maximum loss limits, and even free accounts. This gamified approach adds an exciting element to the trading experience and offers tangible rewards for consistent performance.

Kill-Switch

The kill-switch is another valuable tool offered by PipFarm. This equity protector can be set up in the PipFarm dashboard to automatically take profits or act as a stop loss on the account. This feature provides an extra layer of risk management, helping traders to protect their gains and minimize losses.

Conclusion

PipFarm's innovative 2-phase program with the lowest profit targets in the forex prop firm industry is a game-changer for prop traders. With generous profit-sharing, flexible trading rules, and unique features like payouts on breach, scaling potential, and the powerups program, PipFarm sets a new standard for prop trading firms. Whether you're a seasoned trader or just starting, PipFarm offers a supportive and rewarding environment to achieve your trading goals.