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Redefining PipFarm and rewarding consistency

Oct 16, 2024

Redefining PipFarm and rewarding consistency
James

James Glyde

CEO
James is the CEO of PipFarm. With over a decade of experience in the online trading industry, he is one of the most experienced CEO's of trader funding platforms.

Introduction

Hey everyone! Seeing so many of you have an incredible trading experience with PipFarm is fantastic. There are many prop firms out there, and while PipFarm is unique in many ways, I appreciate you choosing to work with us while we’re still so young.

As many of you know, I strongly oppose vague, unclear, or confusing rules, especially ones that require self-regulation and manual review when it’s time for a payout. You deserve peace of mind, and that’s what PipFarm shall offer.

All of the following changes are linked to the following core beliefs:

  • If a rule cannot be automated, it should not exist.
  • Major rule changes should not apply to existing accounts, as you did not agree to those conditions when you joined.
  • We are not afraid of big traders but are concerned about bad traders.
  • Traders are not guilty until proven innocent.
  • I should not care how you trade as long as you can do it consistently.
  • There is no excuse for prop firms having worse conditions than brokers.

However, the next few weeks will be slightly confusing as we undergo the following. Please be patient and rest assured that we will solve any doubts or conflicts in your favour.

With that out of the way, here is my plan for PipFarm and the new features to be gradually introduced in the coming weeks and months. You can follow the progress in our Discord roadmap channel, where you can see completed tasks, when they were completed, and pending tasks.

Summary of changes

PipFarm will offer two Modes: The Endurance Mode and the Consistency Mode.

  • The Endurance Mode will be based on minimum profitable days, where the requirement for a profitable day is an increase of at least 0.5% of the starting balance. You must complete at least 3 profitable days for each challenge stage and between payouts. For 200k accounts, 4 profitable trading days are required; for 300k accounts, 5 profitable trading days are required. This program will be introduced in the next two weeks and will replace the current model. Meanwhile, we will stop selling new 200k and 300k accounts. This rule will not be applied to existing accounts.
  • The Consistency Mode will require that your most profitable trading day cannot exceed 50% of your total profit for each stage and between payouts. You cannot pass or request a payout if your score exceeds 50%. For 100k accounts, a 40% consistency score is required; for 200k accounts, a 30% consistency score is required; and for 300k accounts, a 20% consistency score is required. This program will be launched in the next 4 to 6 weeks.
  • The two programs will have the same price, same profit targets, and same drawdown options, but with one difference: you earn double XP when trading in Consistency Mode.
  • The margin calculation type will be changed to sum long and short exposure to prevent using hedged trades to pass the above requirements. For example, if you’re long 100k and short 150k, the margin required will be for 250k of exposure.
  • You can have up to three funded accounts, bringing your total initial funding (before scaling) to 300k. The maximum initial funding (before scaling) remains 300k).
  • We will remove the scaling interval; your account will scale once you reach 12% profit and sufficient consistency score or minimum profitable days.
  • We will support counting cumulative profit for the scaling target, so you don’t need to make the entire 12% in one payout cycle to scale.
  • We will not offer the 1% bonus when you scale for the first time, as we made scaling even easier.
  • The minimum payout will be reduced to 1%. 
  • Power-ups will be applied to active accounts. We know how to solve the technical barriers.
  • Only your first-ever payout with PipFarm will be on demand, not for each new funded account. The objective is to limit churning, where payouts can be achieved faster by starting new challenges and reaching payouts instead of waiting 14 days for their existing funded account.
  • All trade copier regulations will be removed. 
  • The payout frequency will be adjusted to per trader, not per account. 
  • If you cancel a payout request, you cannot submit another request until the following trading day. 
  • To prevent news straddling (placing long and short pending orders with TP and SL before major news events), we may disable opening (but you can still close) positions five minutes before and after the news. You cannot breach this rule. This will not stop you from hitting your SL or TP.
  • We have clearly defined how you can join the PipFarm Prosperity Program and earn a monthly salary based on the assets under your management.
  • The creation of stage two and funded accounts will be issued at 06:00 UTC. Currently, they are created immediately or at 21:05 UTC (after the rollover), and many traders get overexcited and open positions in the worst possible conditions, causing too many complaints and wasted opportunities. To make things simple, we will issue accounts at 06:00.
  • We will remove the capital boost power-up. We may save this feature for special occasions.

New quests

Quests are one of the ways you can earn XP to unlock new power-ups with PipFarm.

  • Complete 3 consecutive (+0.5%) profitable trading days – 3 XP
  • Get 3 payouts from the same funded account – 3 XP
  • Complete a challenge or scale your account with a 25% consistency score – 3 XP
  • Complete 10 profitable trading days without breaching an account – 3 XP
  • Have 200 pips profit upon passing a challenge or scaling your account – 2 XP

New XP reward scheme

You are no longer rewarded for your buying power but for your achievements.

Event Endurance Mode XP Consistency Mode XP
Start a challenge 1 2
Pass challenge (1/1) 2 4
Pass challenge (1/2 and 2/2) 1 2
Pass identity verification 2 2
Scale the account 1 2
Receive a payout 1 2

 

Ranks and rewards

We have made some small adjustments to the power-ups provided for each rank.

Rank (XP) 1 (10) 2 (25) 3 (50) 4 (100) 5 (200)
Profit share 70% 75% 80% 85% 90% 95%
Payout interval 14 14 7 7 On-demand On-demand
Scaling increment 10% 10% 20% 30% 40% 50%
Commission $6 $3 $3 $1 $1 $1
Max. leverage 1:30 1:30 1:30 1:50 1:50 1:50
Daily loss 3% 3% 3% 3% 4% 4%
Max loss +0% +0% +1% +1% +1% +1%
Inactivity period 14 28 28 28 28 28
Lifetime discount 0% 5% 7.5% 10% 12.5% 15%
Gift 0 5k 10k 20k 50k 100k

 

PipFarm Prosperity Program

Any trader Rank 4 or above may be selected to join the Prosperity Program, where you earn a monthly salary based on 1% of the assets under your management. To be considered, you must meet the following criteria:

  • Reach Rank 4 or above;
  • Have not breached a funded account in the past 3 months;
  • Have over $100,000 of funding;
  • Have at least one funded account scaled to level 3 or higher.

If you are enrolled on the Prosperity Program, you will receive the following:

  • Between $200k and $300k initial funding
  • 10% static max loss and 10% daily loss;
  • 1% monthly salary based on AUM;
  • 60% monthly profit share;
  • 25% compounding scaling increments;
  • 12% scaling target;
  • 2% additional max loss with each scaling increment;
  • Real trading with our capital.

More plans for 2025

Here is why you should stick around for 2025 with PipFarm:

  • Real-time stats in the dashboard
  • Accounts in EUR and GBP
  • Swap-free accounts (with admin fees not based on interest rates)
  • A second trading platform
  • KYC on demand
  • Equity notifications via Discord, Telegram and email

Frequently asked questions

Will the minimum profitable trading days be applied to me retroactively?

No. We will not change the core rules you agreed to when joining PipFarm.

When will these changes be implemented?

These changes will be introduced gradually in the coming weeks. You can track timelines in our Discord updates channel.

I used a free retry coupon for a 200k coupon in September. What now?

If you used a free retry coupon in September for a 200k account, you can either wait until our new program launches or have a 100k challenge free retry.

Can I keep my 200k and 300k accounts?

Yes. If you have already purchased these challenges, you can continue trading.

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