Major Updates from Pip Farm Prop Firm! November 2024

In the  latest address on Discord, PipFarm CEO James Glyde has mentioned that over the past few weeks, he has met a lot of incredible traders and understood why most of the traders are choosing PipFarm and how PipFarm can be improved further. There is a mention of PipFarm Roadmap, In which Pipfarm has posted about few updates which will be live in future and some of them are already live.

Major Updates from PipFarm

Let’s take a closer look at some of the Major updates that have been rolled out recently.

1. Lower Minimum Withdrawal Limit

As of October 17th, PipFarm has reduced its minimum withdrawal limit from 3% to just 1% of the initial balance. This change allows traders, especially those new to proprietary trading, to withdraw their profits much earlier, helping to build confidence in their trading journey. This new limit provides a much-needed safety net for new traders, giving them quicker access to their hard-earned profits and boosting their trust in the platform.

2. Copy Trading with No Rules

Another significant update is the relaxation of rules surrounding copy trading. Now, traders can copy trades across their accounts without any restrictions. Whether you have a small or large account, the flexibility to copy trades enhances the user experience by simplifying the trading process. This update will benefit traders managing multiple accounts or strategies, allowing them to replicate successful trades without confusing regulations.

3. Updated XP Ladder Rewards

PipFarm has also updated their XP Ladder Rewards list, Making it fairer for all the traders when they opt for the Power-Ups program.

1. Before, XP given to traders by starting a challenge account was based on the account size which the trader had purchased and now it is set to 1 XP despite the fact of what account size the trader purchased. 
2. Passing a Challenge Account now gives 2 XP instead of 3XP as before.

4. New Quests in Power-Ups Program

In addition to the new XP rewards, PipFarm has also added new quests within its Power-Ups program. These quests help traders earn XP faster and unlock better trading conditions, including bigger profit splits and free accounts. These new quests are :

• Complete 3 profitable trading days with +0.5% profit each day = 3 XP
• Achieve 3 payouts from the same funded account = 3 XP
• Complete a challenge or scale the account with a 25% consistency score = 3 XP
• Achieve 10 profitable trading days without breaching the account = 3 XP
• Earn 200 pips in profit upon passing a challenge or scaling the account = 2 XP

5. Minimum Profitable Days

PipFarm has now replaced Minimum Trading Days to Minimum Profitable Days, which is a great initiative from PipFarm as it encourages traders to make consistent profits and keeping traders risk free. Traders will now have to make at least 0.5% profit to make that day count as a profitable day. These profitable days limit does vary based on the account size and it is given below :  

For 5K/10K/20K/50K/100K Accounts - Traders will need 3 Profitable Trading Days

For 200K Accounts - Traders will need 4 Profitable Trading days 

For 300K Accounts - You need 5 Profitable Trading days

Note: Traders who have purchased the account before this update will not be affected by this and will follow the old 3 Trading Days rule. 

6. $200K and $300K Accounts are Back!

For a short period of time, PipFarm offered $200K and $300K accounts but after some time it was removed. However, due to the high demand for bigger account sizes, PipFarm has finally made $200K and $300K account sizes available again. 

Conclusion

PipFarm's recent updates show PipFarm’s commitment to improving the user experience for traders. The reduction of the minimum withdrawal limit to 1% allows traders to access their profits more quickly and build confidence. The removal of copy trading restrictions simplifies the process, giving traders more freedom across multiple accounts. Additionally, the new XP rewards and new quests in the Power-Ups program provide an engaging way for traders to progress and unlock enhanced trading conditions. The new minimum profitable days rule is a great way for new traders to become consistent and finally experienced traders can now trade with bigger capital of up to $300k. All these updates make PipFarm very attractive for both new and experienced traders as now PipFarm is offering a more flexible and rewarding platform for traders at all levels.