PipFarm Review
PipFarm is a Singapore-based prop firm offering one- and two-stage cTrader evaluations with an XP loyalty ladder and a 70% to 99% profit split.
- HQ
- Singapore, SG
- Founded
- 2024
- Regulation
- Unregulated
Operated by ECI Ventures Pte. Ltd.
Written by the Proptary Team · Updated 29 Oct 2026
Researched with AI assistance and verified by our editors
Overview
PipFarm is a retail proprietary trading firm offering one-stage and two-stage evaluation challenges on the cTrader platform across forex, commodities, indices, and cryptocurrencies.
ECI Ventures Pte. Ltd. was incorporated in Singapore on 28 July 2023 under unique entity number 202329954C by founder and chief executive officer James Glyde, a former executive at Spotware Systems. The firm publicly launched the PipFarm brand in April 2024, operating simulated trading challenges out of its registered office at 68 Circular Road in Singapore. PipFarm is privately held and is not authorised or regulated by the Monetary Authority of Singapore.
Review summary
Pros and cons
What works
4 strengths
- Scaling program increases funded account balance automatically by a set percentage after every fifth approved payout.
- Experience Program XP unlocks progressively higher profit splits from 70% at Rank 0 up to 99% at Rank 6.
- No maximum time limits on evaluation challenges, allowing traders to pass stages at their own pace.
- Daily loss limit is calculated using end-of-day equity, avoiding intraday trailing drawdowns that trail unrealised peaks.
What doesn't
4 to plan around
- Public Trustpilot rating is suspended following guideline breaches involving the removal of fake reviews.
- Standard payout interval requires a 30-day waiting period unless expensive weekly or bi-weekly add-ons are purchased.
- Withdrawals face tiered percentage caps between 3% and 12% alongside a strict $5,000 hard ceiling per payout.
- Excludes all United States citizens and tax residents regardless of their physical location or residency status.
Cost of entry
PipFarm pricing
| Account Size | Classic Base Fee | Pay With Profits Starting Fee |
|---|---|---|
| $5,000 | $35 | $7.70 |
| $10,000 | $60 | $15.40 |
| $20,000 | $110 | $28.70 |
| $50,000 | $260 | $49.70 |
| $100,000 | $490 | $83.30 |
| $150,000 | $720 | $125.30 |
PipFarm challenges start at $35 for a $5,000 evaluation account and reach $720 for the $150,000 tier under the Classic program. On the entry-level $5,000 account, paying $35 grants access to simulated capital where achieving the 12% target generates $600 in simulated profit before funding. Challenge registration fees are one-time payments rather than recurring subscriptions, but they are non-refundable upon passing unless you select the fee refund add-on during checkout. Traders can also opt for the Pay With Profits structure, which lowers the upfront charge to $7 on a $5,000 account in exchange for deducting the remaining assessment fee directly from your first approved payout.
Rule clarity
PipFarm rules
Score100 / 100PipFarm offers one-stage and two-stage evaluation programs featuring a 12% single-stage profit target, a 3% daily loss limit, and a 6% static maximum loss on standard Classic accounts. On a $5,000 evaluation account, the 3% daily loss limit restricts equity decline to $150 from the previous day's closing balance, meaning two consecutive losing positions can terminate the challenge immediately. The main catch lies in the Pip Protector mechanism and the 50% funded consistency rule, which penalises traders who rely on oversized single-day wins. Violating risk rules or falling below the static drawdown floor results in immediate account closure and forfeit of the evaluation fee.
- Profit target
- 12%
- Max daily loss
- 3%
- Max total drawdown
- 6%
- Drawdown type
- Static (Balance-based)
- Min trading days
- 3
- Time limit
- None
- Consistency rule
- Best trading day must not exceed 50% of total profit on simulated funded accounts
- Max leverage
- 1:30
- Scaling plan
- Yes, account scales automatically after every fifth approved payout
- Platforms
- cTrader
- Instruments
- Forex, Metals, Indices, Commodities, Crypto
- Not accepted from
- United States of America, Iran, North Korea, Afghanistan, Central African Republic, Republic of the Congo, Democratic Republic of the Congo, Libya, Syria, Cuba, Russia, Belarus, Myanmar, Somalia, South Sudan, Sudan, Yemen
What a static drawdown means for you
The limit is fixed against the account starting balance and does not move as the account grows or shrinks. It is the most forgiving type: once you are in profit, the same dollar buffer stays in place rather than trailing up behind your equity.
What changes once you are funded
Once funded, Classic accounts activate a 50% daily consistency rule requiring that no single session represents more than half of accumulated profits. Funded traders must also navigate the Pip Protector risk window, which automatically liquidates open exposure and reduces maximum risk allowance if unrealised losses exceed account limits.
Strategy rules
- News trading
- Allowed
- EAs / bots
- Allowed
- Weekend hold
- Allowed
- Hedging
- Allowed
- Copy trading
- Allowed
- HFT / tick scalping
- Not allowed
Payout reliability
PipFarm payouts
Score70 / 100PipFarm pays funded traders a base 70% profit split on a 30-day payout cycle, processed via cryptocurrency, Skrill, or bank transfer once a minimum of $50 in profit is reached. On a funded $10,000 account, earning $1,000 in simulated profit yields $700 on the default 70% split, with requests reviewed within two business days and disbursed within two additional business days. The trade-off is PipFarm’s strict payout capping structure, which restricts your initial withdrawal to 3% to 6% of the initial account balance alongside a rigid $5,000 ceiling per payout. Profits exceeding the cap remain locked in the trading account for subsequent cycles rather than being paid out in a single lump sum.
- Profit split
- 70%
- Payout cycle
- Monthly
- Reported payout speed
- 3-5 business days
- Withdrawal fee
- $2.50 for crypto, $25 for Rise under $500, or Skrill exchange rates
- Minimum withdrawal
- $50
- Payout methods
- Crypto, Bank Wire, Skrill, Rise
Customer support
Customer support
Score75 / 100Customer support at PipFarm is accessible through an integrated web live chat, an email helpdesk at support@pipfarm.com, and an official community Discord server. According to public reports, email inquiries receive responses on business days, while live chat provides automated bot routing before connecting to human representatives. Traders report that technical inquiries regarding cTrader execution and account breach calculations are addressed, although community members note that questioning risk rules on Discord has occasionally led to server bans.
- Channels
- Live chat, Email, Discord
- Availability
- Business hours
- Reported response time
- Not enough reports
- Reports collected
- 29 Oct 2026
Track record
Track record and transparency
Score85 / 100PipFarm established its presence in the prop industry by launching as an exclusive cTrader firm in April 2024, expanding its catalog in 2025 to introduce Classic, Endurance, and Consistency modes alongside an XP-based gamification ladder. In August 2026, the firm updated its Pay With Profits rules, reducing first-payout caps from 6% to 3% and introducing automated first payout on demand. The company publishes live community payout totals and maintains an open changelog across its help portal, though dispute cases regarding breach calculations have surfaced in third-party forums.
Community sentiment
Community sentiment
Score45 / 100Traders praise PipFarm for its cTrader integration and the XP Experience Program that lowers costs and raises profit splits over time, with users commending responsive customer service on Trustpilot as of October 2026. However, public sentiment is heavily tempered by Trustpilot removing fake reviews and suspending PipFarm’s rating due to guideline breaches. Furthermore, independent community feedback on Reddit highlights frustration with strict equity-based daily loss calculations and operational delays during payout processing.
Decision
Final verdict
PipFarm delivers an innovative, gamified evaluation structure centered around the cTrader platform, making it attractive for traders seeking high-grade execution and progressive profit splits reaching up to 99%. Its transparent rulebooks and absence of evaluation time limits offer genuine flexibility during the assessment phases. Nonetheless, the firm's operational integrity is marred by a suspended Trustpilot profile over manipulated reviews and strict payout restrictions, including a 30-day default payout cycle and a $5,000 withdrawal cap. Traders must weigh the benefits of cTrader tooling and XP rewards against the financial friction of withdrawal limits and unforgiving equity-based daily loss rules.
Is PipFarm right for you?
PipFarm suits swing and intraday forex traders who prefer cTrader over MetaTrader and value long-term loyalty rewards over quick initial payouts. If your strategy relies on steady sizing and you can tolerate a 30-day withdrawal interval and rigid payout caps, the scaling perks and rank-based profit split expansions provide tangible benefits over extended trading horizons.
Who should trade with PipFarm?
Disciplined technical traders with strict personal risk management who execute manually or with proprietary cBots will benefit most from PipFarm. It is unsuitable for news scalpers seeking rapid capital extraction, traders relying on purchased third-party Expert Advisors, or US residents blocked by jurisdictional restrictions. Traders unable to navigate equity-based daily drawdown caps should look elsewhere.
Questions
FAQ
Is PipFarm legit?
PipFarm operates as a commercial brand of ECI Ventures Pte. Ltd., a private company registered in Singapore since July 2023 under UEN 202329954C. The firm is unregulated, which is standard for retail simulated prop firms. Its public Trustpilot rating is currently suspended following guideline breaches regarding review collection.
What payout methods does PipFarm offer?
PipFarm processes rewards through Skrill, cryptocurrency transfers in USDT or USDC, and direct bank transfers in GBP, EUR, or AUD upon request. The minimum withdrawal threshold is $50. Payout requests require two business days for internal compliance review followed by two business days for payment execution, subject to account-tier payout caps.
What are the payout requirements at PipFarm?
Traders must reach a minimum profit of 1% to 3% depending on the challenge model and complete at least three active trading days. Standard accounts follow a 30-day payout interval, reducible to 14 or 7 days with add-ons. Each payout is capped between 3% and 12%, alongside a $5,000 maximum hard limit.
Does PipFarm have a consistency rule?
Yes, PipFarm enforces a 50% daily consistency rule on funded Classic accounts, meaning no single trading day can generate more than half of your total profit. Consistency mode challenges enforce a 35% threshold during evaluation, while Instant accounts apply a 25% limit. Breaching the ratio requires additional profitable days to dilute gains.
Is news trading allowed at PipFarm?
Yes, news trading is permitted across all challenge and funded stages without explicit pre-event or post-event time restrictions on standard accounts. However, opening oversized positions immediately before high-impact economic releases may trigger account reviews under toxic trading and gambling policies. Higher XP ranks unlock additional trading privileges without risking execution flags.
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Before you pay
Many prop firms operate without a financial services license. They argue that traders use simulated accounts and the firm risks its own capital, so no client money is held and no license is required. That arrangement is common in this industry, but it also means no regulator supervises the firm and there is no compensation scheme if it stops paying. What matters instead is whether the company behind the brand is named and traceable, and whether it has a payout record you can check.
This page is for information only and is not investment or trading advice. Trading through a funded or proprietary trading program carries real risk, including the loss of evaluation fees and any funded account. Rules, pricing, and payout terms vary by firm and can change without notice. A Proptary Grade reflects our most recent check and may not capture very recent changes, so confirm current terms directly with the firm before buying an evaluation.
Before you pay
Many prop firms operate without a financial services license. They argue that traders use simulated accounts and the firm risks its own capital, so no client money is held and no license is required. That arrangement is common in this industry, but it also means no regulator supervises the firm and there is no compensation scheme if it stops paying. Proptary is not a financial institution, not an investment adviser, and is not supervised by any financial regulator.
Nothing here is advice. Our grades, scores and write-ups are information only. They are not investment or trading advice, not a recommendation to buy an evaluation, and not tailored to your circumstances. Read the firm’s own terms and decide for yourself.
A grade is not a guarantee. A Proptary Grade summarises the evidence we were able to verify on the date shown. It is not a measure of the firm’s financial strength, not a promise that it will pay you, and not an assurance that it will still be operating next month. Payout records, review scores and support times we cite are historical evidence, never a forecast.
The fee is at risk from the moment you pay it. An evaluation buys an attempt, not an account. Most traders do not pass. Breaching a drawdown or consistency rule can cost you the entire fee and any funded account, with no refund.
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