Innovative Funding Program
PipFarm offers simulated CFD accounts with access to commodities, currencies, cryptocurrencies, and indices. Notably, it features an XP program for loyal traders and a competitive scaling program. Headquartered in Singapore, PipFarm ensures secure and efficient trading experiences.
Expert Reviewer Verdict
PipFarm is an ideal choice for traders seeking a rewarding and innovative trading experience. With its unique XP program, traders are rewarded with power-ups such as faster payouts and higher profit shares. The competitive scaling program allows accounts to grow significantly, with 50% additional funding available every 30 trading days. The 1-stage evaluation process free of any consistency rules or news trading restrictions provides simplicity for traders. Although it doesn’t offer stock trading and sticks to a 1-stage evaluation model, its robust offerings in commodities, currencies, cryptocurrencies, and indices make it a strong contender for both beginners and professionals looking for a comprehensive and efficient trading platform.
Pros and Cons
Pros
- XP Program Rewards Loyal Traders
- Competitive Scaling with 50% Funding Boost
- Experienced Management Team
- 1-stage Evaluation Process
- “Kill Switch” for Risk Management
Cons
- Does Not Offer Stock Trading
- Inactivity Period of 14 Days
- Commissions on FX and Metals
Trust and Safety
Is PipFarm Legit and Safe?
PipFarm prioritizes the safety and trust of its users through several key measures. Although not regulated, it operates with a strong focus on fraud prevention and fund security. Payouts to customers are traceable using the Riseworks wallet, ensuring transparency and accountability. Client funds are safeguarded by reputable payment processing companies, and company funds are held in regulated major payment institutions in Singapore. Additionally, PipFarm trades using a regulated liquidity provider, further enhancing the security of trading activities. The experienced management team, with a background in operating regulated financial institutions, adds an extra layer of trust and reliability. These comprehensive measures ensure that traders can engage with the platform with confidence and peace of mind.
Tradable Instruments
Wide Selection of Trading Options
PipFarm offers a broad spectrum of tradable instruments, catering to a wide variety of trading preferences and strategies. Traders have access to simulated CFD accounts that encompass commodities, currencies, cryptocurrencies, and indices. This diverse selection allows users to engage in various markets and capitalize on different opportunities. Each account type is designed with flexibility in mind, featuring options such as a 6% static drawdown or a 12% trailing drawdown, and a 12% profit target.
The trading data is sourced from a regulated liquidity provider, ensuring accurate and reliable market information. With over 100 instruments available, PipFarm provides ample opportunities for both novice and experienced traders to diversify their portfolios and develop robust trading strategies.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
No |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
No |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Diverse and Flexible Account Types
PipFarm offers a variety of account types designed to meet the needs of different traders. Each account type features a 6% static drawdown or a 12% trailing drawdown, with a 12% profit target. The accounts are all simulated trading accounts, providing a risk-free environment for traders to hone their skills. Additionally, PipFarm will soon offer swap-free accounts, accommodating traders who prefer not to pay overnight funding fees.
The account sizes range from 5k to 200k, with corresponding one-time evaluation fees. For instance, a 5k account costs $60, while a 200k account costs $1,100. This tiered structure allows traders to select an account size that fits their capital and trading goals. Furthermore, PipFarm’s accounts are suitable for both beginners and professionals, with features like demo accounts and Islamic accounts to cater to diverse trading preferences.
Overall, PipFarm’s flexible account options, combined with their competitive evaluation fees, make it an attractive choice for traders at all levels seeking a comprehensive and accommodating trading platform.
|
Account Type |
Available |
|
LIVE ACCOUNT |
No |
|
EVALUATION ACCOUNT |
Yes |
|
FUNDED ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
No |
|
FREE TRIAL |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Transparent and Competitive Fees
PipFarm offers a clear and cost-effective fee structure, ensuring traders can manage their expenses efficiently.
Account Minimum
PipFarm requires a minimum account size of $60 for a 5k account. This provides an accessible entry point for traders of all levels.
Trading Fees
The only trading fees at PipFarm are the evaluation fees. These are one-time fees based on the account size, ranging from $60 for a 5k account to $1,100 for a 200k account.
CFD Fees
There are no commissions charged for energy products, indices, and crypto CFDs, making CFD trading cost-effective on PipFarm’s platform.
Forex Fees
Forex commissions are $6 per lot, but can be reduced to $3 or even zero through the XP program. Commissions are charged on FX and metals.
Futures Fees
PipFarm does not charge futures fees, as futures trading is not available on the platform.
Account Fee
There are no recurring account fees. The only fees are for the evaluation process.
Inactivity Fee
PipFarm does not charge inactivity fees. However, there is a 14-day inactivity period, which can be extended to 30 days through the XP program.
Payout Fee
There are no payout fees, but the minimum amount is set at 3% profit, which can be lowered through the XP program.
Overnight Funding Fee
PipFarm charges swaps, which are clearly indicated on their website. This transparency helps traders manage their costs effectively.
Currency Conversion Fee
No currency conversion fees are applied. All closed positions are settled in USD using the spot rate.
Guaranteed Stop Order Fee
PipFarm does not charge any fees for guaranteed stop orders, making risk management cost-effective for traders.
Trading Platforms
Advanced Trading Platforms
PipFarm provides traders with the versatile and robust cTrader platform. Available on mobile, web, and desktop, it ensures a seamless trading experience across all devices.
Mobile Trading Apps
PipFarm offers the cTrader platform on both Android and iOS, allowing traders to manage their trades on the go with a user-friendly interface and advanced trading tools.
Web Trading Apps
The cTrader web platform provides a seamless trading experience directly from any web browser, offering full functionality without the need for downloads.
Desktop Trading Apps
For desktop users, PipFarm provides cTrader for both Windows and Mac. This powerful platform includes a comprehensive set of trading features, including advanced charting tools, automated trading capabilities, and a performance analysis dashboard, ensuring that traders have all the tools they need to succeed.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
No |
|
CTRADER |
Yes |
|
PROPRIETARY |
No |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Standout Features for Traders
PipFarm offers several unique features that set it apart in the trading industry. The XP program rewards loyal and experienced traders with benefits such as faster payouts, higher profit shares, and additional funding. The competitive scaling program allows for 50% additional funding every 30 trading days, up to five scaling levels, enabling accounts to grow significantly. The firm also boasts a 1-stage evaluation process with a choice between static and trailing drawdowns, simplifying the path to a funded account. Additionally, the “Kill Switch” feature provides a safety net by closing all positions to prevent breaching daily or maximum loss limits. These innovative features make PipFarm a compelling choice for traders seeking both flexibility and security.
Research and Education
Empowering Traders With Knowledge
PipFarm provides traders with robust research and educational tools integrated into the cTrader platform. Users can access a real-time news feed, keeping them updated on market developments and trends. The platform also includes pattern recognition tools that help traders identify potential trading opportunities based on historical data. Additionally, the performance analysis dashboard offers insights into trading performance, allowing traders to refine their strategies and improve their results. These features ensure that both novice and experienced traders have the resources they need to make informed trading decisions and continually enhance their trading skills.
Customer Support
Reliable and Accessible Support
PipFarm provides exceptional customer support to ensure a seamless trading experience. Traders can reach out for assistance via live chat, email, and Discord, offering multiple channels to suit their preferences. The customer support team is available 24/7, providing around-the-clock assistance to address any issues or queries promptly. This level of availability ensures that traders always have access to the help they need, enhancing their overall experience on the platform. Whether it’s troubleshooting technical issues or seeking guidance on trading strategies, PipFarm’s dedicated support team is there to help every step of the way.
Account Opening
Streamlined Onboarding Process
PipFarm’s account opening process is straightforward and efficient. To get started, traders need to purchase a challenge, which serves as the initial step of the evaluation process. Once the challenge is successfully completed, the verification phase begins, requiring traders to upload necessary documents for KYC. This includes an ID, a selfie, and proof of address. After these documents are verified, traders can immediately begin using their funded accounts. This streamlined and user-friendly process ensures that traders can quickly and easily start their trading journey with PipFarm, minimizing delays and maximizing trading opportunities.
Deposit and Withdrawals
Effortless Transactions
PipFarm ensures a smooth and hassle-free experience for fees and payouts.
Fees: PipFarm accepts a variety of payment methods, including Visa, Mastercard, JCB, UnionPay, PayPal, Coinbase, and USDT via ERC20, Polygon, and TRC20 networks. Accounts are issued within a few minutes of payment, ensuring quick access to trading.
Payouts: Payouts are processed using Riseworks, paying funded traders their performance fees. There is no payout fee, but the minimum payout amount is 3% of the profit, which can be lowered through the XP program.
This efficient system guarantees that traders can focus on their trading activities without worrying about transaction delays.
Final Thoughts
PipFarm stands out as a robust and innovative trading platform, offering a variety of features designed to support and reward traders. With its unique XP program, competitive scaling opportunities, and a straightforward 1-stage evaluation process, it caters to both novice and experienced traders. The platform’s focus on security, transparency, and user-friendly processes, such as quick account setup and seamless transactions, further enhances its appeal. While it does not offer stock trading and adheres to a 1-stage evaluation model, its extensive range of tradable instruments and comprehensive support make it a compelling choice for those looking to engage in simulated CFD trading. Overall, PipFarm provides a reliable and enriching environment for traders to develop and succeed.
Contact Info
68 Circular Road, 049422, Singapore
FAQs
-
Question: What does PipFarm do?
Answer: PipFarm provides simulated CFD trading accounts, offering access to commodities, currencies, cryptocurrencies, and indices, along with funding for under capitalized traders. It features unique programs like the XP program. -
Question: What types of accounts does PipFarm offer?
Answer: PipFarm offers simulated accounts, along with market data from regulated liquidity provider, and accounts suitable for both beginners and professionals. -
Question: What instruments can I trade on PipFarm?
Answer: PipFarm provides access to commodities, currencies, cryptocurrencies, and indices through simulated CFD accounts. -
Question: Are there any fees for payouts?
Answer: PipFarm does not charge a payout fee, but the minimum payout amount is 3% of the profit, which can be reduced with the XP program.
App Store
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