Who is PipFarm?
PipFarm, operated by ECI Ventures Pte. Ltd, provides remote traders with the opportunity to trade using the firm’s capital after successfully completing a single-stage evaluation. Established in 2024 and headquartered in Singapore, PipFarm is led by Founder and CEO James Glyde. Although pip farm is based in Singapore, the firm does not accept clients from this region and adheres to local regulatory guidelines while refraining from offering trading or investment advice.
PipFarm primarily uses cTrader as its trading platform and offers traders the chance to act as external contractors. These traders can potentially earn up to 90% of their profits. The firm generates revenue through screening fees during the evaluation process and a share of the prop traders’ profits. New traders can benefit from a 25% discount on their initial purchase.
The Advantage of PipFarm Proprietary Trading Firm
PipFarm operates as a proprietary trading firm, which means it leverage traders with the opportunity to trade using the firm’s capital. This setup eliminates the need for traders to risk their own money, allowing them to focus on developing their trading strategies without the pressure of personal financial risk.
Simulated CFD Accounts
One of PipFarm’s standout features is its simulated CFD trading accounts. These accounts offer access to a range of financial instruments, including commodities, currencies, cryptocurrencies, and indices. Traders can engage in trading activities with simulated capital, allowing them to practice and refine their strategies in a risk-free environment.
XP Program and Scaling
PipFarm rewards loyal traders through its XP program, which offers various benefits such as faster payouts, higher profit shares, and additional funding. The scaling program is particularly notable, providing a 50% funding and earnings boost every 30 trading days, which can significantly enhance traders’ capital and profit potential.
Evaluation Process
The firm’s 1-stage evaluation process is straightforward and free from the usual consistency rules or news trading restrictions. This simplicity is advantageous for traders, making it easier to transition from evaluation to a funded account.
Kill Switch Feature
PipFarm’s “Kill Switch” feature is a key component of its risk management strategy. This feature allows traders to close all positions if they are at risk of breaching daily or maximum loss limits, thereby safeguarding their trading capital and mitigating potential losses.
How to Save with PipFarm?
For traders looking to make the most of their PipFarm experience, using a PipFarm promo code can provide significant savings. These codes often offer reductions on evaluation fees, additional benefits, or enhanced account features.
Applying Discount Codes
To apply a discount code, traders need to enter the apply coupon code during the checkout process on the PipFarm website. This can result in immediate savings or additional benefits such as reduced fees or extra profit shares. Always check for the latest promo codes before making a purchase to maximize your savings.
Here’s a step-by-step guide to applying the PipFarm promo code:
1. Click the Affiliate Link: Use this link to access the PipFarm website.
2. Select a Plan: Choose your desired plan and click “Buy Now.” You will be prompted to sign in if you have an existing account or register if you are new.
3. Proceed to Checkout: Enter your billing details, including your name, address, and phone number.
4. Review Your Order: Confirm your order summary and fill in your payment method and details.
5. Apply the Promo Code: Enter the code SHINY to receive a 20% discount and click “Apply Coupon” and place order.
Accessing Exclusive Offers
PipFarm frequently updates its promotions and discount codes to offer new users various advantages. These promotions might include reduced evaluation fees, extra funding programs, or special offers for signing up. Keep an eye on the PipFarm website and sign up for their newsletter to stay informed about the latest offers and discount codes.
Trading Account Types and Instruments
PipFarm offers various financial instruments through its simulated CFD accounts. Traders can engage with commodities, currencies, cryptocurrencies, and indices, allowing for a diverse trading experience. This variety helps traders explore different markets and develop well-rounded trading strategies.
Account Types
PipFarm provides several account types to suit different trading needs. Each account type comes with features such as a 6% static drawdown or a 12% trailing drawdown and a 12% profit target. Account sizes range from $5,000 to $200,000, with corresponding evaluation fees. The firm also plans to offer swap-free accounts for those who prefer not to incur overnight funding fees.
Account Options:
Evaluation Account: Used for the initial assessment phase. No live trading is involved, but traders practice with simulated funds.
Funded Account: Available after completing the evaluation. Traders use the firm’s capital for real trading.
Islamic Account: Soon to be introduced, catering to traders who prefer no overnight funding fees.
Trading Fees and Commissions
PipFarm’s fee structure is designed to finally be transparent and competitive:
Evaluation Fees: Ranging from $60 for a $5,000 account to $1,100 for a $200,000 account.
Trading Fees: No commissions on energy products, indices, and crypto CFDs. Forex commissions are $6 per lot, which can be reduced through the XP program.
Inactivity Fees: There are no inactivity fees, although accounts are considered inactive after 14 days.
Pip Farm Unique Features and Tools
Here are some of PipFarm unique features, services and tools that sets it apart from other prop trading firms.
XP Program and Competitive Scaling
PipFarm’s XP program stands out by rewarding active traders with faster payouts, higher profit shares, and extra profit share or additional funding. The competitive scaling program allows for significant capital growth, offering a 50% funding increase every 30 trading days.
Kill Switch Feature
The Kill Switch feature is an essential tool for risk management. It helps prevent traders from exceeding their daily or maximum loss limits by closing all positions when necessary.
Research Tools
PipFarm integrates robust research tools within its cTrader platform. Traders have access to a real-time news feed, pattern recognition tools, and performance analysis dashboards. These resources help traders stay informed and make strategic trading decisions.
Customer Support
PipFarm offers members reliable customer support through various channels, including live chat, email, and Discord. The support team is available 24/7, ensuring traders receive assistance whenever needed.
Account Opening and Transactions
Opening an account with PipFarm is a straightforward process. Traders purchase a challenge, complete the evaluation, and then proceed to the verification phase. Once verified, they can start trading challenges with their funded accounts.
Deposits and Withdrawals
PipFarm supports multiple payment methods, including Visa, Mastercard, PayPal, and cryptocurrency payment methods like USDT via ERC20, Polygon, and TRC20 networks. Payouts are processed through Riseworks, with no payout fees but a minimum payout amount of 3% of profits, which can be reduced through the XP program.
Trust and Safety
PipFarm places a strong emphasis on user safety and trust. Although not regulated, it focuses on fraud prevention and fund security. Client funds are safeguarded by reputable payment processing companies, and the firm trades using a regulated liquidity provider. The experienced management team adds an extra layer of reliability and trustworthiness.
Final Thoughts
PipFarm offers a compelling trading platform for both new and experienced traders. With its innovative XP program, competitive scaling opportunities, and straightforward evaluation process, it stands out in the industry. The platform’s focus on security, transparency, and user-friendly processes further enhances its appeal. Whether you’re a beginner or a seasoned trader, PipFarm provides a robust and rewarding environment for trading.
Contact Information
Website: PipFarm
Email: support@pipfarm.com
Telephone: +6531255229
Company Address: 68 Circular Road, 049422, Singapore
FAQs
Q: What does PipFarm do?
A: PipFarm offers simulated CFD trading accounts with access to commodities, currencies, cryptocurrencies, and indices. It features unique programs like the XP program to support and reward traders.
Q: What types of accounts does PipFarm offer?
A: PipFarm offers simulated accounts suitable for beginners and professionals, developed along with market data from regulated liquidity providers.
Q: What instruments can I trade on PipFarm?
A: PipFarm provides access to commodities, currencies, cryptocurrencies, and indices through simulated CFD accounts.
Q: Are there any fees for payouts?
A: There are no payout fees, but the minimum payout amount is 3% of the profit, which can be reduced through the XP program.
Q: Is PipFarm verified on Trustpilot?
With this in-depth review, you can better understand the advantages of PipFarm, discover how to use discount codes effectively, and why it might be the right choice for your trading needs.
