PipFarm

At the $10K account size, that coupon drops the fee from roughly $80 to $56. At $100K, you're saving over $100 off the standard price. The code applies at checkout in the coupon field. No minimum spend. No expiry listed — verify at checkout before purchasing.

PipFarm launched in June 2023. It is registered in Singapore as ECI Ventures Pte. Ltd. (company number 202329954C), with offices at 68 Circular Road, Singapore 049422. CEO James Glyde previously worked at cTrader and spent over a decade running brokers and trading platforms including TopFX, Scandinavian Markets, and Nordic Funder.

The firm runs simulated CFD trading challenges on cTrader. Traders pay a one-time fee to access an evaluation. If they hit the profit target without breaking the risk rules, they receive a funded simulated account and start earning a share of the profits they generate.

PipFarm's main differentiator is its XP system. Every trader starts at Rank 0 with a 70% profit split. As you complete payouts, pass challenges, and hit milestones, you earn XP and climb through six ranks. At Rank 6 the profit split reaches 99%. The XP also unlocks faster payouts, lower commissions, and larger scaling increments. This is not common. Most prop firms either give you a fixed split or raise it at predetermined milestones. PipFarm's version is earned over time and tied directly to your activity on the platform.

PipFarm offers three challenge types: 1-Stage, 2-Stage, and Instant. Each runs in one of three modes: Classic, Endurance, or Consistency. The Instant account only runs in Consistency mode.

1-Stage Evaluation

Hit a 12% profit target in a single phase. You choose between a 12% trailing drawdown or a 6% static drawdown. The daily loss limit is 3%. No time limit once funded. Account sizes from $5K to $200K.

2-Stage Evaluation

Phase 1 and Phase 2 each require a 6% profit target. The drawdown is static: 9% overall, 3% daily. Both phases have no stated time limit within the 365-day evaluation window. Same $5K to $300K account range as the 1-stage, with identical fees.

Instant Account

No evaluation phase. You trade a funded account from day one. Sizes from $2,500 to $100K. Minimum payout threshold is 3% of starting balance. No hard daily loss limit, but there is a 2% open risk limit and a 6% trailing equity drawdown. Consistency score must stay below 25% for $5K to $50K accounts and 20% for $100K accounts.

Challenge Modes

All challenge types come in three modes. Classic requires a minimum number of trading days — three for accounts up to $100K, four for $200K, five for $300K. Endurance requires a minimum number of profitable days (at least 0.5% balance gain per day counts). Consistency caps your best single-day profit at no more than 40% of total profit for the period. The mode you choose affects your scaling track and XP earnings. Consistency mode earns double XP.

Account Sizes and Fees

Fees approximate — verify at checkout. Code FT30 takes 30% off listed prices.

The $5K account at $50 with 30% off comes to $35. That is one of the cheapest entry points for a legitimate cTrader-based prop firm. FTMO's smallest account (also $5K) costs $155 before any discount.

Max Funding Limits

You can hold up to three funded accounts simultaneously, with a combined initial balance cap of $300,000. Scaling does not count toward this cap. One funded account per household unless PipFarm grants special approval.

PipFarm publishes its rules in full on its website and help center. The main rules across all accounts are listed below. As of July 2026, accounts opened on or after March 9, 2026 fall under Pip Protector Version 2, a three-strike risk management system. Older accounts remain on the previous Maximum Risk per Trade Idea framework. Verify which applies to your account in your dashboard.

The XP system is PipFarm's loyalty program. Every trader starts at Rank 0. You earn XP by starting a challenge (+1 XP), completing ID verification (+2 XP), passing a challenge (+2 XP), receiving payouts, scaling your account, and completing quests. XP cannot be lost, spent, or transferred.

Quests are one-time milestones: for example, completing 20 total payouts earns XP, as does scaling three consecutive times or making $10,000 or more in cumulative payouts. New quests are added periodically.

XP Rank Benefits

From Rank 4 onward, traders may be selected for the Prosperity Program: a monthly salary based on 1% of assets under management. This is invite-only.

Consistency mode earns double XP versus Classic or Endurance. If you plan to stay with PipFarm long-term, Consistency mode is the faster path to higher splits and power-ups.

Payouts happen every Friday. The system is automated. If you meet the trading day or profitable day requirement and have your payout method registered in your dashboard, the payout triggers without any manual withdrawal request.

Payout Methods

Rise (email address required), Skrill (email required), and USDT TRC20 (wallet address required). Set your preferred method in the dashboard settings before Friday 6:00 GMT. If you hold multiple funded accounts, PipFarm defaults to the account with the highest profit unless you specify otherwise.

Payout Minimums

Classic and Instant modes require a 3% minimum profit before the split. Endurance mode requires 2%. Consistency mode requires 1%. For a $100K account in Consistency mode, the minimum payout is $1,000 before the split is applied. The hard minimum dollar floor is $50.

The $5,000 Weekly Cap

At Rank 0 through Rank 3, the gross weekly payout is capped at $5,000. If your Consistency Score is 30% or below at payout time, the cap is removed regardless of rank. Profits above the cap roll over to the next payout cycle. Instant accounts have a hard $5,000 cap that does not roll over — any profit above it stays in the account.

Profit Split by Rank

The split starts at 70% at Rank 0. It rises with each rank, reaching 99% at Rank 6. Within each rank, the split scales with cumulative profit: at Rank 0, the first 3% of profit is split 70/30, and the next 3% is split 75/25. The effective average for a single payout typically falls between 70% and 80% at lower ranks unless you have pulled multiple payouts from the same account.

PipFarm uses cTrader exclusively. MT4 and MT5 are not available. If your strategy or EA is built on MetaTrader, PipFarm is not the right fit.

cTrader is available on Windows desktop, macOS, iOS, and Android. The Windows version has the most features. The macOS native version is functional but behind the Windows build in some respects as of mid-2026.

The platform supports cBots (automated trading via C#), the Open API, and FIX API. HFT via these connections is prohibited. Standard algorithmic strategies on cTrader, including custom indicators and automated execution, work without restrictions.

Forex commissions start at $6 per lot round-trip on forex and metals. Zero commission on indices, crypto, and energies. At Rank 2, commissions drop. At Rank 5, forex commissions are zero. Spreads are raw, sourced from a regulated liquidity provider (TopFX has been cited in earlier documentation).

PipFarm's dashboard includes a Kill Switch. You set equity targets and stop-loss levels. When triggered, all open positions close automatically. This is a useful hard stop for traders who want to protect against drawdown breaches outside trading hours.

Instruments Available

Forex: 20 currency pairs including majors (EURUSD, GBPUSD, USDJPY) and selected minors and exotics (AUDSGD, CNHJPY, CNHSEK). Metals: XAUUSD, XAGUSD plus two others. Energies: Brent crude, WTI, natural gas. Indices: 14 including US100, US30, UK100, GER40, JPN225. Crypto: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash. Total: 81 instruments as of mid-2026 [verify: instrument count may have changed].

In October 2025, PropFirmMatch removed PipFarm from its listings. PropFirmMatch stated the decision followed an "extensive review process" focused on transparency, financial health, and operational integrity.

CEO James Glyde's response was public and detailed. He said PipFarm cooperated fully with the review and provided "extensive documentation on its operations, procedures, and resources." The sticking point was a final request that Glyde described as demanding "written commitments and legal undertakings" that went beyond what regulators require of shareholders when licensing a broker or a bank. He was advised against signing and chose not to comply "out of principle."

This is not a fraud allegation and was not triggered by mass payout failures or trader complaints. It is a commercial and legal dispute between a review platform and a prop firm over the scope of verification requirements.

PipFarm has continued to pay traders and operate normally since the delisting. The Trustpilot profile remains active with hundreds of recent reviews. The CEO remains publicly reachable on Discord.

PipFarm holds a 4.0 out of 5 on Trustpilot from 375 reviews as of July 2026. The breakdown: 74% five-star, 5% four-star, 2% three-star, 2% two-star, 17% one-star.

Positive patterns

Traders repeatedly mention the CEO's direct involvement and transparency. James Glyde is accessible on Discord and responds to complaints personally, which is not standard for prop firms. Traders who passed their evaluation and completed multiple payouts report a consistent Friday payday. The cTrader platform gets praised for tight spreads and execution quality. Several traders with multiple simultaneous funded accounts report no issues at the account management level.

Negative patterns

First payout delays are the most common complaint. Multiple traders reported that a risk team interview was required before their first payout, adding up to several weeks in some cases. A smaller number of traders report payout denials they dispute, citing hedging flags or device ID issues. PipFarm responds to most negative reviews publicly and explains its reasoning, though some of those explanations have been disputed by reviewers.

A few reviews from early 2026 note rule complexity: with three evaluation types and three modes plus an Instant track, newer traders find it hard to map the rules for their specific account combination. The help center addresses most of these, but the sheer number of rule variations is a legitimate friction point.

If PipFarm does not fit, here are three alternatives worth considering depending on what you are looking for.

FXIFY — Best for MT4/MT5 traders

If your strategy runs on MetaTrader, FXIFY is the closest alternative in pricing and rule flexibility. It supports MT4, MT5, and cTrader. Drawdown rules differ from PipFarm's — FXIFY uses a static trailing drawdown with EOD calculation on some accounts. Check the FXIFY review for the full comparison.

FundingPips — Best for tighter spreads on forex

FundingPips uses Match-Trader and offers competitive raw spreads across forex and commodities. Its one-step challenge targets 8% profit with a 4% daily and 8% overall drawdown. No XP system, but the challenge fees are competitive and the payout track record is strong. See the FundingPips review.

FTMO — Best for established reputation

FTMO is the largest prop firm by review volume and has been operating since 2015. Entry fees are higher ($155 for a $10K challenge), but the brand recognition and payout history are unmatched. The challenge rules are stricter than PipFarm's. See the best prop firms comparison for a head-to-head view.

PipFarm is a registered company in Singapore operating as ECI Ventures Pte. Ltd. (UEN 202329954C). The CEO has a verifiable decade-long background in the online trading industry. Payouts are processed through Riseworks, which maintains a traceable public ledger. The firm has paid out verifiably since its 2023 launch.

It is not a regulated financial firm, and it does not need to be. Prop firms do not manage client funds or offer regulated financial products. The absence of a financial regulator is the standard for the entire prop trading industry, not a red flag specific to PipFarm.

The PropFirmMatch delisting in October 2025 was a commercial dispute, not a fraud flag. PipFarm's Trustpilot profile at 4.0/5 from 375 reviews shows a mixed but majority-positive sentiment. The 17% one-star rate is higher than it was in 2024, driven largely by first-payout friction and rule complexity disputes.

PipFarm is a legitimate operation. For traders who use cTrader and value long-term loyalty rewards, it is one of the more interesting options in the mid-sized prop firm space. Keep your initial capital commitment modest until you have completed your first payout cycle and understand how the rules apply in practice.