Changes and features coming soon to PipFarm

Nov 30, 2024

New features blog image

Introduction

PipFarm is maturing, and we’re on track to becoming a household name in the prop trading community in 2025, thanks to the many thousands of traders like you who chose to trust us during this turbulent year for the industry.

Leveraging our in-house technology, PipFarm will always be at the forefront of providing traders with the best possible experience and rewarding consistent performance. We will continuously create, improve, optimise and evolve.

As always, we try to be as clear and upfront as possible about our upcoming plans to provide our traders with clarity and confidence that we have a clear strategy for PipFarm.

Here are some exciting, boring, and possibly annoying features and changes coming soon to PipFarm. Please take a moment to familiarise yourself with the following changes to be implemented at PipFarm.

 

Changes from 3rd of December 👇

 

👏 Profitable trading day reduction

We’ve listened to your feedback and analysed the results. Therefore, we will reduce the number of profitable trading days required for 5k, 10k and 20k challenges to two trading days per stage and between payouts. This will only apply to new challenges.

🙄 Stage one (of the two-stage challenge) profit target increase

We will increase the profit target of the first stage of our two-stage challenge to 9%. The second stage profit target will remain at 6%. Making the overall profit required to pass the two-stage challenge 15%.

😣 Trailing drawdown max loss reduced for one-stage challenge

We will reduce the trailing drawdown max loss to 9% for new one-stage challenges. Despite this reduction, our one-stage challenge remains the most competitive in the industry. This does not affect existing challenges or funded accounts.

😎 28-day inactivity period for all

Previously, we had a 14-day inactivity period for new traders, quickly increasing to 28 days with our XP program. As we grow, the customer inconvenience has outweighed the business benefit. Hence, we are increasing everyone’s inactivity period to a standard 28 days.

🫡 Rank-based account availability

One of the key features of PipFarm risk management is that you must earn risk and not simply buy endless add-ons by having deep pockets. Therefore, 200k accounts will be limited to traders Rank 2 or higher, and 300k accounts will be limited to traders Rank 3 or higher.

 

Changes from 17th of December 👇

 

🧠 Net positive payout policy

To enhance risk management, reward consistency and encourage responsible trading of multiple funded accounts, traders with multiple funded accounts can only request a payout when none of their other funded accounts are in drawdown. This policy ensures we only pay net profitable traders rather than allowing traders to profit while the overall performance doesn’t reflect profitability.

We do not want to villainise churning behaviour as failing challenges and breaching funded accounts are normal parts of the prop trading experience.

However, as our community grows, we’ve observed a potential for abuse. Our model can easily reward inconsistent traders who can make a lot of money for themselves but would not for the firm. Allowing traders who are overall inconsistent and unprofitable to reap all the rewards is unfair to everyone.

We have created a common-sense solution to address this issue without impacting any of the core reasons you have chosen PipFarm: Traders with multiple funded accounts can only request a payout if none of their other funded accounts are in drawdown.

Allowing traders to manage multiple funded accounts makes risk management harder because their trading ideas are distributed across different accounts. Someone with a funded account with a 3% profit and two funded accounts with a 4% drawdown is technically running a 5% loss. Rewarding this person while losing in their other accounts is incompatible with our risk management approach.

One obvious solution is not to allow multiple funded accounts. However, we don’t want to take features away from everyone just because a few can exploit them. We will continue to allow up to three funded accounts and up to $300,000 of funding (before scaling) per trader at any given time. We will continue to provide a fair environment that rewards consistency.

The net positive payout policy will be applied to everyone from December 17th, 2024. Under this policy, payouts can only be requested if all your active funded accounts are at break even or profitable. If any of your funded accounts are in drawdown, you’ll need to trade your way to profitability or breach to request a payout from any of your accounts. As always, you will never be liable for the losses in breached funded accounts.

 

Changes from 14th of January 👇

 

🫣 5 XP penalty when breaching a funded account

PipFarm is all about rewarding consistency. Our XP program lets you unlock new features and benefits on your trading journey. But what about traders who regularly breach funded accounts? Should they get the highest profit share and fastest payouts? Probably not. That’s why we will deduct 5 XP each time you breach a funded account.

 

Changes from Tuesday the 21st of January 👇

 

🦥Instant power-up activation

The long-awaited instant power-up activation feature will be available. You won’t need to wait for a new account or scaling to enable your new benefits. As soon as you’re promoted to a new rank, you’ll get instant access to features such as lower commissions, higher leverage, an extra 1% max loss or daily loss, an extra 5% profit share, or faster payouts. 

💡Why these changes?

As we grow, we’re focused on ensuring that PipFarm remains a platform where traders are rewarded for consistency, effort, and skill. These updates are about creating an environment where success is fair and sustainable for all.

We understand that change isn’t always easy, but we believe these adjustments will enhance your trading experience and ensure PipFarm stays aligned with its core values: fairness, transparency, and continuous improvement.

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