PipFarm, a prop firm known for its transparency and trader-friendly approach, has introduced a game-changing feature: the Kill Switch. This innovative tool empowers traders by automatically closing all positions in their cTrader account when equity reaches a pre-defined level.
How Does the Kill Switch Work?
The Kill Switch acts as a versatile safeguard, functioning as both a stop-loss and take-profit order. Traders can set these limits directly within their PipFarm dashboard, ensuring they never breach daily loss limits or miss out on profit targets.
This feature is particularly valuable considering PipFarm’s recent revelation: a staggering 95% of failed trading challenge attempts stemmed from exceeding the daily loss rule. The Kill Switch addresses this directly, safeguarding traders from costly mistakes and emotional trading decisions.
Beyond the Kill Switch: What Makes PipFarm Stand Out?
The Kill Switch is just one reason. This prop firm is attracting top talent by fostering a true trader-empowering ecosystem. Here’s what sets them apart:
- Supercharge Your Earnings: PipFarm’s tiered profit share lets you keep up to 90% of your profits. The more you earn, the bigger your share gets! Plus, receive a 1% bonus when you scale your account for the first time (e.g., $1,000 bonus for scaling a $100,000 account).
- Unmatched Flexibility: Trade the news without restrictions, hold positions over weekends, and ditch mandatory stop-loss rules. PipFarm empowers your unique strategy. Even leverage custom cTrader bots for automated trading.
- Level Up Your Trading Journey: Earn Experience Pips (XP) for achievements and climb the ranks. Unlock new features along the way to elevate your trading experience.
- Multiple Accounts & Growth Potential: Manage up to $300,000 in seed capital across multiple accounts. Grow your funded account with their scaling program, increasing your capital by 50% (or even 100% with Power-ups) for reaching profit targets.
Positive Reception from the Trading Community
The Kill Switch has already garnered praise within PipFarm’s Discord community, a testament to its effectiveness in assisting traders with managing risk and achieving their goals.
Whether you’re a seasoned trader or just starting, PipFarm offers a compelling package – a supportive environment with innovative tools like the Kill Switch, exceptional profit-sharing, flexible trading conditions, and a clear path to growth.
