PipFarm Overview
PipFarm was established in 2024, with its registered headquarters in Singapore. It is led by former cTrader executive James Glyde, who has over a decade of experience at the forefront of the online trading industry. James has extensive experience in product development, corporate governance, and risk management, having collaborated with renowned brokers and prop firms such as TopFX, Scandinavian Markets, and Nordic Funder.
PipFarm intends to use big data analytics to reveal patterns, trends, and insights that are not readily apparent through traditional analytical methods. These insights will be used for PipFarm's alternative prop trading strategies. As a result, they frequently conduct market surveys of traders participating in the prop industry.
PipFarm's liquidity is provided by TopFX, which holds a Cyprus Securities and Exchange Commission (CYSEC) license.
PipFarm offers two challenge modes: one-stage and two-stage, each with its own set of rules.
- The one-stage mode can be further divided into trailing and static maximum drawdown based on the drawdown model:
- Trailing Maximum Drawdown: 12% trailing drawdown, 3% daily drawdown-equity, with a profit target of 12%
- Static Maximum Drawdown: 6% static drawdown, 3% daily drawdown-equity, with a profit target of 12%
- Two-stage mode:
- Static Maximum Drawdown: 9% static drawdown, 3% daily drawdown-equity, with profit targets of 6%/6%
PipFarm Features
- Challenge Modes: Offers 1 and 2 stage challenge modes
- Profit Sharing: Initial profit split of 70% after passing the challenge, can be increased by accumulating experience points (XP) up to 95% profit split (More details)
- Trading Platform: Provides cTrader
- Trading Products: Includes various currency pairs, indices, precious metals, energy, and cryptocurrency products (Detailed products)
- Leverage Ratio: Default leverage for currencies is 1:30; precious metals, energy, and indices are 1:20; cryptocurrencies are 1:3. If the account size exceeds 100K, it will be adjusted according to dynamic leverage settings (Dynamic leverage explanation)
- Account Sizes: Offers different account sizes, ranging from $5,000 to $300,000
- Trading Environment: Liquidity provided by TopFX
- Other Features: Accumulating experience points (XP) can unlock different account levels with corresponding conditions (e.g., increasing daily drawdown, profit sharing, etc.), dynamic leverage for risk management, periodic market surveys of traders (for industry research purposes)
