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Frequently asked questions

Trading challenges
Trading rules
Funded accounts
Trading conditions
General
Experience Pips
What is the trading challenge?
Our trading challenges are tests that evaluate your trading strategy, style, and risk management capabilities. They are typical of funded trader programs and are often called assessments, evaluations, or auditions.
How many stages is the trading challenge?
PipFarm requires you to pass a one or two-stage practical test to receive funding for your trading strategy. However, each time you break a risk management rule, you’ll be disqualified from the program and required to retake the challenge.
What happens if I fail the challenge?
If you fail the challenge because you exceed the daily loss or maximum loss limits or exceed the inactivity period, the account will be breached . However, you are welcome to try again as often as you like.
How do I pass the challenge?
To pass the challenge, you must generate either 12% profit in the one-stage challenge or 9% in Stage 1 & 6% in Stage 2 in the two-stage challenge without breaking any rules and meet the minimum profitable trading days requirement.
Are are there minimum trading days
Yes. We require at least three 0.5% profitable trading days for each challenge stage and between payouts. For the $200k accounts, we require four profitable trading days and for the $300k accounts we require five profitable trading days.
Is the challenge fee refundable?
The payments received to participate in trading challenges are enrollment fees, not deposits, so they are not refunded unless the customer is unhappy with their purchase (according to the refund policy). The funds used by remote traders are simulated.
Can I keep any profit from the challenge?
No. The challenge is a test you must complete before reaching the stage where you qualify for performance fees.
Is the challenge fee refunded after passing?
No. We do not refund the challenge fee. The fee is for a service provided regardless of whether you fail or pass. It is not a deposit that can be returned with profits made in a trading account; that’s how brokers work, and we are not a broker.
Can I participate in more than one challenge at a time?

Yes. You can participate in multiple challenges at the same time. The maximum initial funding (before scaling) is $300,000. You cannot have more than three funded accounts or $300,000 initial funding.

What is the profit target?
To pass the challenge, you must hit the profit target. The profit target for passing the one-stage challenge is 12%, and for passing the two-stage challenge, it is 9% in Stage 1 and 6% in Stage 2.
How is the daily loss rule calculated?
The daily loss limit is calculated as a percentage of your previous end-of-day balance. This limit is updated daily at 22:05 UTC. The percentage depends on your rank. The default daily loss is 3% and may be increased to 4% when reaching rank 4. Example: If your balance at 22:05 UTC on Monday was 20,500, your equity cannot fall below 19,885; if your balance at 22:05 UTC on Tuesday was 20,800, your equity cannot fall below 20,176 on Wednesday. Please be cautious when carrying positions to the following trading day. If your balance increased during the previous day, carrying unprofitable positions to the following day might breach the rule.
How is the static drawdown calculated?
The maximum static drawdown is calculated as a percentage of your starting balance. For example, if your static drawdown is 6% and you have a starting balance of 10,000, your maximum drawdown limit is 9,400. As the name implies, this drawdown method does not adjust according to your trading performance.
How is the trailing drawdown calculated?

The maximum trailing drawdown is 9% from your high watermark, which is adjusted every time your balance increases to a new all-time high.

Example: Suppose you have a 10,000 account balance; your maximum drawdown limit is 9,100. If your balance increases to 11,000, your maximum drawdown limit increases to 10,010. When funded, the trailing drawdown is reset each time you receive a profit share withdrawal. We adjust the high watermark by deducting the amount withdrawn to ensure payouts are not considered a loss.

Are there any time limits?
You will be disqualified for inactivity if you do not trade for 28 calendar days or reach the profit target in 365 days in the challenge. Once you are funded, you do not have a maximum time limit but be mindful of your inactivity period. These rules exist to ensure our resources are allocated to active traders.
Do I have to trade with a stop loss?
No. You do not need to use a stop loss.
Can I trade with a cTrader Bot?
Yes. You can trade with your custom cTrader bot, providing the same bot was used to pass the challenge. Remember that we do not allow high-frequency trading.
Can I use a trade copier?

Yes. We do not have any rules concerning copying trades to/from external accounts or between your PipFarm challenge and funded accounts.

What trading strategies are prohibited?
Unlike our competitors, we’ve eliminated most constraints, such as consistency rules, holding positions over weekends, news trading limitations, exposure limits (max lots), and stringent scalping regulations. However, we prohibit deceptive trading practices, such as prop account hedging, news straddling, passing services, and HFT bots.
What is my profit share?
We reward funded traders with up to 95% of the simulated profit from their funded accounts. Your Rank determines the profit share. By default, everyone starts at Rank 0 and earns promotions by accumulating XP. Rank 0 earns 70%, Rank 1 earns 75%, Rank 2 earns 80%, Rank 3 earns 85%, Rank 4 earns 90%, Rank 5 earns 95%.
When can I get my profit share reward?

Every trader can request their first-ever PipFarm profit share on demand. You need at least 1% profit and complete the required profitable days criteria. All positions and pending orders must be closed before requesting a payout. After your first payout, the interval between subsequent payouts is every 14 calendar days. Your payout frequency is reduced to 7 calendar days or on demand when you reach higher ranks in our experience program.

How do withdrawals affect drawdown rules?

We have designed PipFarm to ensure that profit share withdrawals do not negatively impact traders. Profit share withdrawals are not considered a loss. The static drawdown is not affected by any changes to the accounts balance. For trailing drawdown on the one-stage program, when simulated funds are withdrawn from the funded account, the max trailing loss limit and daily loss limit are recalculated.

For example, if you have a $10,000 funded account that you grew to $11,000, and the high watermark and previous end-of-day balance are $11,000, and you request to withdraw $500, your high watermark and previous end-of-day balance are adjusted to $10,500.

Therefore, your daily loss limit becomes $10,185, and your max trailing loss limit becomes $9,555.

How often can I get paid?
You can request your first-ever payout as soon as you complete the minimum profitable days requirement. After your first profit share, funded traders can request a payout after 14 calendar and complete another three profitable days. By earning XP, you are promoted to higher ranks, which unlock faster payout intervals.
If I break a rule, can I keep the profit?
Yes. If you break the max loss or daily loss rule and have sufficient minimum profitable days, you do not forfeit your simulated profit. However, if your profit after the breach is below the minimum 1%, it will be offered as a voucher to use for future challenges.
How can I get paid?
We offer multiple payout methods: Riseworks, Binance Pay and Skrill. Riseworks allows you to withdraw funds using crypto or local bank transfers. The minimum amount processed via Riseworks is $300. Payouts via rise are processed within 24 hours. Payouts via Binance Pay and Skrill are processed within 72 hours.
What is Riseworks?

Riseworks is a human resources management platform that lets PipFarm onboard contractors worldwide by performing background checks, managing contracts and processing payments to contractors. Read our guide to getting paid with Riseworks.

Can I have more than one funded account?
Yes. However, you can have up to three funded accounts and up to $300,000 initial funding (before scaling). Any challenges you pass that exceed the limit will be rejected, and the fee shall be refunded.
What is the most funding I can receive?
The most seed funding we can allocate to a trader is $300,000. Through our scaling program, the maximum funding possible is $1,500,000.
Can I gain more funding?

Yes. Each time you reach the 12% profit target and complete the minimum profitable days, you’ll receive another round of funding. Each funding round will be an increment of 10%-to-50% of your starting balance, depending on your rank. With Power-ups, you can unlock larger scaling increments.

Am I liable for any losses incurred in the funded account?
No. You are not liable for any losses. PipFarm will never ask you to repay any profit-share rewards already paid.
What platforms do you support?
PipFarm proudly offers the cTrader platform, which can be installed on Windows and Mac computers, run in your preferred web browser or installed on iOS and Android.
What trading instruments do you support?

Our prop trading division supports a wide range of trading instruments, allowing our challenge participants and funded traders to trade forex, precious metals, indices, cryptocurrencies and more. Please check our list of trading instruments.

How much leverage can I use?
The default leverage offered in our simulated trading accounts is 1:30 for currency pairs, 1:20 for precious metals, energies and indices and 1:3 for cryptocurrencies. If trading on an account larger than 100k, you should understand that we reduce leverage when your exposure to specific symbols exceeds certain levels. Please check our dynamic leverage settings to understand how margin requirements respond to exposure.

Do you have a max lots rule?
We do not have a max lots rule for our accounts, but we limit exposure. For example, you cannot open more than $20,000,0000 of any currency pair (approximately 200 lots of USDJPY), more than $3,000,000 of any precious metal (approximately 11 lots of XAUUSD), $2,000,000 of any index product (approximately 100 of US100 contracts), $1,000,000 of any energy product (approximately 13 lots of WTI), or $500,000 of any cryptocurrency product (approximately 8 lots of BTC).
Do you support swap-free accounts?

Not yet. Swap-free accounts are coming soon. There is no extra charge to purchase a swap-free challenge. However, any positions you hold in the account overnight are subject to admin fees, which are described on our contract specifications page.

Can I trade news?

We restrict opening new positions to five minutes before and after red folder news. This restriction is controlled within the trading platform; therefore, you cannot violate this condition. You can hold or close existing positions during this period. You should know that holding positions during news is risky, as prices can spike and spreads increase.

What is the kill switch?
The kill switch is a feature that automatically closes all positions in your trading account when your equity reaches a specified level. The feature consists of a stop loss and take profit. The stop loss can prevent hitting your daily loss, and the take profit can ensure passing when your equity exceeds the profit target. While the kill switch is highly accurate, we recommend having a small buffer for slippage or latency.
Can I hold positions over the weekend?
Yes. You can hold your positions over the weekend and trade cryptocurrencies on Saturday or Sunday. You should know that holding positions over the weekend or overnight is risky, as markets can open with gaps or high spreads. You do so at your own risk.
Can I trade with a cTrader Bot?
Yes. You can trade with your custom cTrader bot, providing the same bot was used to pass the challenge. Remember that we do not allow high-frequency trading.
Which broker do you use?
We use TopFX as our primary market data provider and use their prime brokerage services for our proprietary trading and risk management activities.
What is PipFarm?

PipFarm is a funded trader firm that offers remote traders the opportunity to evaluate their abilities and earn rewards based on their performance, much like a prop trader. Traders who pass our pre-funding screening process are onboarded as external contractors and remunerated based on their performance and compliance with program rules.

Do I need to verify my identity?
We need to verify the identity of every contractor we onboard at PipFarm. After being approved for funding, you must electronically sign a contract and verify your identity and address. To verify your identity, you’ll need your passport, driver’s license, or national ID. You may also need to verify your address. You’ll need a bank statement, utility bill, or letter from a government authority.
What is your restricted country policy?
We cannot fund traders residing in several countries due to issues with executing profit share distributions. Here is the current list of unsupported countries and regions: Afghanistan, the Central African Republic, the Congo Republic, Crimea, the Democratic Republic of Congo, Iran, Libya, North Korea, Somalia, South Sudan, Sudan, Syria, the United States of America and Yemen. Additionally, we cannot onboard nationals of North Korea, Iran or the United States.
Is PipFarm licensed or authorised?

No. Proprietary trading is not regulated per the Singapore Securities and Futures Act 2001. While PipFarm is not authorised, the company still follows various regulations designed to protect consumers, such as the Singapore Consumer Protection (Fair Trading) Act 2003.

How does PipFarm make money?

PipFarm generates revenue from screening test fees and proprietary trading profits. Screening test fees provide a stable income for the company to operate the funded trader program, which requires personnel to support remote traders and software, such as cTrader and the dashboard. The majority of profit is generated from proprietary trading activities.

What is the Experience Pips Program?
The Experience Pips (XP) Program is designed to reward the PipFarm community with points for various achievements, such as participating in and passing screening tests, reaching profit targets and other achievements. Points determine your rank, and each rank unlocks new features to enhance your trading experience.
What can I use my XP for?
Experience points are not redeemable for individual rewards or power-ups. Instead, accumulating points increases your rank within the program, which unlocks new and exclusive power-ups, such as higher leverage, faster scaling and higher drawdown limits.
Can I spend my points?
No. The points earned through the program have no cash value and cannot be exchanged for money. They serve solely as a means to redeem power-ups within the Loyalty Program.
What are ranks?
As you accumulate points, you ascend through different status ranks, unlocking new power-ups that vary by rank. These perks may include exclusive offers, services, or privileges.
When can I use new power-ups?
Power-ups are applied when a trading account is created. If you are promoted to a higher rank, the benefits will only be applied to new accounts, for example, new challenges or scaled accounts.
How many times can I complete a quest?
Quests can only be completed once per user. You cannot earn XP for completing a quest multiple times.
Can I lose XP?
No. You cannot lose, spend or transfer XP. The only circumstance when XP might be deducted is in the case of a technical error.
Can I disable a power-up?
If you do not want to use a power-up or feature, please contact us to discuss options. We may be able to disable this manually.