PipFarm Review: A Forex Prop Firm with

Written by:
Written on:
25 March 2024
Last edit:
25 March 2024
Our rating:


PipFarm Review: A Forex Prop Firm with

Written by:
Written on:
25 March 2024
Last edit:
25 March 2024
Our rating


Trading is risky
See how PipFarm compares to it's closest alternatives.

Main summary

PipFarm is a relatively young Forex prop firm offering very attractive trading conditions and diverse funding options. The firm was launched in 2024. PipFarm rating is high with multiple positive feedback from traders on Trustpilot. 

PipFarm offers a 90% profit share, which is super competitive in the prop trading sector. 

In this PipFarm Forex prop firm review, we’ll discuss the broker’s security and safety policies and regulations, trading platform details, account types, trading fees, spreads, and more. In addition to the review, we have also included the step-by-step guide for the account registration and verification process for interested readers.

Pros & cons of PipFarm Prop Firm

  • The firm is transparent about its fees, with a clear structure for the different funding levels
  • Offers access to advanced trading platform cTrader with advanced features
  • Lightning-fast and digital account opening/verification
  • Low entry barriers with a minimum audition fee of $125 and minimum funded amount starting at $10,000
  • 1:10 leverage on cryptos with 24/7 trading
  • Has a free demo account to test prop firm’s products
  • Allows for a wide range of trading strategies, including trading robots, news trading, and holding positions overnight and over weekends
  • Being founded in 2024, PipFarm lacks a long operational history
  • Does not currently offer stock or futures trading
  • Currently, only offers cTrader
  • Offers minimal educational materials

PipFarm Fact sheet

Main features
Regulations Unregulated
Fees on deposits -
Fees on withdrawal -
Inactivity fees -
Minimum deposit 125 USD
Minimum account activation -
Number of available assets -
Leverage up to 1:-
Available trading markets Forex, Commodities, Indices, Cryptocurrencies
Account currencies -
Demo account Yes
Live account types -
Islamic account Yes
Negative balance protection Yes
Part of compensation fund Yes
Keeps funds on segregated bank account Yes
Forex 10+
Cryptocurrencies 6
Indices 14
Commodities 9
Total 40
Fees & spread
Forex 0.1-0.2 pips
Shares -
Cryptocurrencies -
Indices -
Commodities -
Platforms -
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods -
Minimum deposit -
Minimum withdrawal -
Withdrawal processing time -
Time to open an account -
Show all

Safety & Security of PipFarm

Before we can continue to other sections, we have to answer one simple question: is PipFarm legit? Choosing a safe and reliable prop firm is the first step for successful prop trading. There are various factors to consider when making a decision, but the safest prop firms are ones with extensive track records and regulated partner brokers. Since PipFarm is a young prop firm, it does not have extensive experience, but pipfarm.com reviews on Trustpilot are super positive.

The lack of PipFarm reviews on the FPA platform (ForexPeaceArmy) is also understandable as the firm was recently established, but Trustpilot feedback from traders indicates that PipFarm should be a legitimate company. Overall, PipFarm prop trading safety seems reliable as the firm offers very few rules which is always a good sign. 

PipFarm Main page.png

PipFarm review of Funding Options

The PipFarm funded program has only one evaluation phase, allowing traders to quickly access real trading accounts. There is a screening test and funding phase, allowing traders to quickly get an evaluation and start trading for profits. The funding options range from 10,000 to 200,000 USD with a scaling plan offering traders the opportunity to scale up their trading account up to 500,000 USD. The firm has very few requirements and traders can open a demo account before they go for the real challenge. The skating plan maximum ceiling is different depending on the funding amount, for 10k accounts maximum scaling is 200k, while 25k accounts can be scaled up to 500k USD. This scaling plan is activated every 30 days. 

Trading rules and limitations of PipFarm

The firm has no hidden rules and offers a very simplistic approach, allowing prop traders greater flexibility. The only two strategies forbidden are copy trading using trade copiers and HFT (high-frequency trading) as these strategies are difficult to replicate. Trading robots, news trading, overnight positions, and positions over the weekends are all allowed. PipFarm allows traders to access and trade crypto markets 24/7 which is very rare in prop firm space. PipFarm is very transparent with rules, and it clearly shows on their website. The profit target for both the screening and funding phases is set at 12%. The daily drawdown limit is 4% and the maximum drawdown limit is set at 8%. PipFarm reviews on Trustpilot mention very easy-to-follow rules from the firm, which is always a good sign. 

There is an inactivity rule and traders can get disqualified if they do not hit the profit target within 365 days or are not trading for 14 days straight. 

Trading assets offered by PipFarm

*CFD stands for Contract for Difference, and such instruments enable traders to speculate on underlying asset prices without owning them. 

PipFarm prop firm offers a wide range of tradable instruments, including CFDs on energies, cryptocurrencies, Forex, indices, and metals. Traders can speculate on these instruments using an advanced trading platform, cTrader. 

Forex trading on PipFarm

The firm offers a multitude of Forex pairs, including majors and minors. The trading conditions are attractive, with EURUSD having low spreads between 0.1 and 0.2 pips. These low spreads require a commission of 6 USD per lot round turn, enabling traders to deploy various scalping strategies. Since the firm has got 4% daily drawdown limit, low spreads should enable traders to implement strategies with higher win rates. With the leverage of 1:30, low spreads, and diverse funding options, Forex trading on PipFarm cTrader seems a great deal for prop traders. 

Stock CFD trading on PipFarm

PipFarm is not offering stocks at this point, but since the firm is relatively young, they should add popular stocks soon. 

Cryptocurrency trading on PipFarm 

The firm provides 6 of the most popular cryptos for trading, including BTC and ETH. The maximum leverage is up to 1:10 for cryptos, which is a very attractive condition, as most prop firms only allow leverage of 1:5 for digital currencies due to their volatility. 

Commodities, indices, and futures trading on PipFarm 

PipFarm provides access to 14 indices, 6 metals, and 3 energies for trading with 1:20 leverage. There are no futures offered at this point. The spreads are competitive as PipFarm has several regulated liquidity provider brokers. 

Account types available for traders on PipFarm

There is one funding challenge called the screening test, where traders select their seed funding and start on an evaluation account. After hitting the 12% profit target without breaking any rules, they can start trading on a virtual account and withdraw profits. Here is the list of fees for each of the seed funding selected:

  • $10,000 — $125
  • $20,000 — $225
  • $50,000 — $475
  • $100,000 — $875
  • $200,000 — $1,675

The fees are one-time and allow traders to start low and scale up slowly according to their risk appetite. 

Pros & cons of PipFarm account types

Low one-time fee of 125 USD for the smallest 10,000 USD funded accountThe high-profit target of 12% at all stages and accounts 
Enables traders to use Demo and Islamic accountsIs not offering stocks or futures
Requires only one evaluation stage, after which traders can make and withdraw profits 

Getting started on PipFarm – Main steps

In this section, we’ll show you how to open a live trading account with PipFarm. The registration process and account activation are digital, and the prop firm’s web page is intuitive and user-friendly. In addition, customer support agents are available 24/7 if you have any questions. 

Step 1: Open an account

Traders first have to select their funding amount called the ‘seed funding’ and then they can sign up for an account. 

Step 2: Time to verify your account

Traders need only to pay the fee for trading account amount and are not required to go through the verification process right away. Instead, they can pay the fee for funding while signing up. 

Step 3: Make your deposit and start trading

After they have registered and paid the fee, traders have to pass a challenge. After passing the evaluation phase, traders can start trading on funded accounts and withdraw profits. 

PipFarm review of Fees & commissions

Comparing PipFarm fees with popular brokers

PipFarm fees compared to Interactive Brokers fees

Type of FeePipFarmInteractive Brokers
EUR/USD Spread0.1-0.2 pipsFrom 0.6 pips
Fees on Deposits0 USD1%
Inactivity fee0 USDNo*

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

PipFarm fees compared to CM Trading fees

Type of FeePipFarmCM Trading
EUR/USD Spread0.1-0.2 pipsFrom 0.9 pips
Fees on Deposits0 USDNo
Inactivity fee0 USDYes, 15 EUR/USD per month after 60 days of inactivity

PipFarm fees compared to plus500 fees

Type of FeePipFarmplus500
EUR/USD Spread0.1-0.2 pipsFrom 0.8 pips
Fees on Deposits0 USDNo
Inactivity fee0 USDYes, 10 USD per month after 3 months of inactivity

PipFarm fees compared to XM fees

Type of FeePipFarmXM
EUR/USD Spread0.1-0.2 pipsFrom 0.6 pips
Fees on Deposits0 USDNo
Inactivity fee0 USDYes, 15 USD after 12 months, +5 USD/m

PipFarm fees compared to AvaTrade fees

Type of FeePipFarmAvaTrade
EUR/USD Spread0.1-0.2 pipsFrom 0.9 pips
Fees on Deposits0 USDNo
Inactivity fee0 USDYes, 50 USD after 3 months, 100 USD administration fee after a year

PipFarm fees compared to Capital.com fees

Type of FeePipFarmCapital.com
EUR/USD Spread0.1-0.2 pipsFrom 0.9 pips
Fees on Deposits0 USDNo
Inactivity fee0 USDYes, 50 USD after 3 months, 100 USD administration fee after a year

The trading platforms of PipFarm reviewed

PipFarm cTrader offers advanced functionality similar to popular platforms MT4 and MT5. cTrader is a great platform widely used for CFD trading, and it also comes with automated trading capabilities. PipFarm allows traders to access and use all the features of cTrader. 

PipFarm Education and Research Tools

PipFarm offers little to no educational resources as the firm focuses more on seasoned traders with its one-stage evaluation program. There is a blog, but it's mostly about the firm’s services and products, which is not a replacement for trading education. There is a trader’s dashboard offering performance and other trading stats for traders and the website is mobile-friendly. 

Customer support of PipFarm

Customer support is available 24/7 and there are several options to contact the firm’s representatives directly. Live chat is the most convenient way to resolve any issues or get answers to any questions that may arise during the trading process. There is also an email support. Both the website and the support are only given in the English language. 


Overall, PipFarm presents appealing conditions for traders who want to pay a small audition fee and start trading on a funded account. There is only one evaluation phase, after which profit withdrawals are possible. With its high profit share of 90% and flexible trading rules, PipFarm offers a high-quality prop trading experience. The firm offers cTrader advanced platform and access to diverse trading assets including Forex, cryptos, indices, and commodities. Overall, PipFarm seems a very attractive firm for traders who want to quickly transition from evaluation to funded trading. 

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FAQs on PipFarm

Is PipFarm a good prop firm?

PipFarm scam is unlikely as the firm offers very few rules and PipFarm reviews on Trustpilot are super positive. From our findings, the firm offers trading through numerous regulated brokers. 

What else can I trade with PipFarm?

The tradable assets at PipFarm include Forex pairs, popular cryptos, commodities, and indices. There are no stocks or options at this point.