PipFarm 2-Phase Program
PipFarm, a prop firm launched by the former CCO of cTrader, James Glyde, has caught the eyes of traders with their latest 2-step evaluation launch, which has the lowest profit targets in the 2-phase evaluation sector.
Unique features of PipFarm
Payouts on Breach
One of PipFarm’s unique features is that funded traders can still take home their hard-earned profits even if they breach their accounts.
Simple and Clear Rules
PipFarm offers its traders massive flexibility in how they can trade on their accounts. It allows news trading, EA trading, trade copiers, hedging trades, VPS/VPN, martingale, layering, trading without a stop loss, and holding trades overnight/over the weekend.
Scaling Potential
Traders can scale their accounts and gain up to 1.5 million in funding with PipFarm without having to sacrifice their profits. Additionally, PipFarm also provides a 1% cash bonus when traders scale up with them.
Powerups Program
Another innovative feature that PipFarm has is the powerups program which awards traders with a great magnitude of trading-related perks like increased leverage, increased max loss and even free accounts. Traders collect XP through Quests and climbing the XP ladder which allows them to Rank up in the powerups program and accumulate perks.
Kill-Switch
An equity protector tool in the PipFarm Dashboard, which can be used by traders to take profits and set as a stop loss for their accounts. This feature provides an extra layer of risk management, helping traders to protect their gains and minimize losses.
PipFarm 2 Phase Challenge summary
Profit Targets
- Phase 1: 6%
- Phase 2: 6%
Time Limit and Trading Rules
- Timelimit: Traders must hit their target of 12% within 365 days.
- Daily Loss Limit: 3%.
- Max Drawdown: The maximum static drawdown allowed is 9%.
Profit share and Leverage
- Profit share: Traders can receive up to 90% of the profits they earn.
- Leverage: The starting leverage is 1:30 on most instruments but can be increased to 1:50 using the powerups program.
Minimum Trading Days
Traders are required to trade for a minimum of 3 days in each phase.
Payout
The first payout is after 3 minimum trading days, after that it’s every 14 days.
PipFarm’s 2-step evaluation is turning heads. With the lowest profit targets in the industry and flexible trading rules, it’s worth a closer look. Read our PipFarm review.
