PipFarm functions as a proprietary trading entity, inviting traders to engage and utilize their own capital. They are under the management of James Glyde, a former cTrader executive who extends over a decade of experience at the head of the online trading industry. They provide traders with access to their trading network, which is streamlined through a demanding yet approachable evaluation process. Upon showcasing competency, traders are empowered to manage funded accounts, marking the initiation of their trading paths.
Introduction of PipFarm
| Company Details | PipFarm |
|---|---|
| CEO | James Glyde |
| Incorporation Date | June 2023 |
| Location | Singapore |
| Maximum Account Size of Funding Programs | Two-step Evaluation: $300,000 Static Evaluation: $300,000 Trailing Evaluation: $300,000 |
Funding Programs
Two-step Evaluation
| Account Size | Account Price |
|---|---|
| $5,000 | $50 |
| $10,000 | $100 |
| $20,000 | $150 |
| $50,000 | $300 |
| $100,000 | $550 |
| $200,000 | $1,100 |
| $300,000 | $1,550 |
| Objectives | Objective Value |
|---|---|
| Profit Target (Phase 1) | 6% |
| Profit Target (Phase 2) | 6% |
| Daily Drawdown | 3% |
| Maximum Drawdown | 9% |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 3 Calendar Days |
| Profit Share | 70% up to 95% |
Static Evaluation
| Account Size | Account Price |
|---|---|
| $5,000 | $50 |
| $10,000 | $100 |
| $20,000 | $150 |
| $50,000 | $300 |
| $100,000 | $550 |
| $200,000 | $1,100 |
| $300,000 | $1,550 |
| Objectives | Objective Value |
|---|---|
| Profit Target | 12% |
| Daily Drawdown | 3% (Can be scaled to 5%) |
| Maximum Drawdown | 6% |
| Max Trading Period | 365 Calendar Days |
| Minimum Trading Days | 3 Calendar Days |
| Profit Share | 70% up to 95% |
Trailing Evaluation
| Account Size | Account Price |
|---|---|
| $5,000 | $50 |
| $10,000 | $100 |
| $20,000 | $150 |
| $50,000 | $300 |
| $100,000 | $550 |
| $200,000 | $1,100 |
| $300,000 | $1,550 |
| Objectives | Objective Value |
|---|---|
| Profit Target | 12% |
| Daily Drawdown | 3% (Can be scaled to 5%) |
| Maximum Drawdown | 12% (Trailing) |
| Max Trading Period | 365 Calendar Days |
| Minimum Trading Days | 3 Calendar Days |
| Profit Share | 70% up to 95% |
Comparison of the Two-step Program
Comparison of PipFarm & Smart Prop Trader
| Objectives | PipFarm | Smart Prop Trader |
|---|---|---|
| Profit Target (Phase 1) | 6% | 7% |
| Profit Target (Phase 2) | 6% | 5% |
| Daily Drawdown | 3% | 4% |
| Maximum Drawdown | 9% | 8% (Can be scaled to 28%) |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 3 Calendar Days | No Minimum Trading Days |
| Profit Share | 70% up to 95% | 85% up to 90% |
Comparison of PipFarm & E8 Funding
| Objectives | PipFarm | E8 Funding (Normal) | E8 Funding (Extended) |
|---|---|---|---|
| Profit Target (Phase 1) | 6% | 8% | 8% |
| Profit Target (Phase 2) | 6% | 5% | 5% |
| Daily Drawdown | 3% | 5% | 5% |
| Maximum Drawdown | 9% | 8% (Can be scaled to 14%) | 10% (Can be scaled to 14%) |
| Max Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Minimum Trading Days | 3 Calendar Days | No Minimum Trading Days | 5 Calendar Days |
| Profit Share | 70% up to 95% | 80% | 80% |
Broker & Trading Platform
| Broker | Liquidity Provider with Simulated Real Trading Conditions |
| Trading Platform | cTrader |
| Trading Instruments | Forex Pairs, Commodities, Indices, Crypto |
Conclusion
To draw a final conclusion, PipFarm is a reputable and trustworthy proprietary trading company that is managed by James Glyde. They provide traders with an opportunity to choose between three unique funding programs. While working with them, you will be provided an account through a tier-1 liquidity provider with the best simulated real market trading conditions and trade on the cTrader trading platform. As for trading instruments, you will be able to trade forex pairs, commodities, indices, and crypto. After considering everything that PipFarm brings to the table, we can consider them an excellent choice within the proprietary trading firm space.
PipFarm Review Details
