PipFarm is an overseas prop firm based in Singapore🇸🇬 that has been operating since June 2023.
Not only does the 2-step plan have low profit targets in the challenge phase, but it also has a unique feature among prop firms where you can withdraw even if you fail after becoming a pro trader.
By accumulating XP points, you can upgrade to a more advantageous trading environment including 1% increase in loss limit, 95% profit split, daily withdrawals, commission-free trading, and constant 15% OFF, making it a prop firm with unique characteristics.
Actually, PipFarm is a prop firm scheduled to support Japanese language within 2024. It will be interesting to see how they adapt to the Japanese market going forward.
| Prop Firm |
Evaluation Phase Number |
Profit Split (Funded) |
Profit Split (Challenge) |
Phase 1 Profit Target |
Phase 2 Profit Target |
Phase 3 Profit Target |
Daily Loss Limit |
Overall Loss Limit |
Daily Loss Limit Basis |
Overall Loss Limit Basis |
Platform | Broker | News Trading |
Weekend Holding |
Minimum Trading Days |
Trading Period | Stop Loss Setting |
Trading Fee (FX) |
Maximum Leverage |
Challenge Fee Refund Rate |
Scaling Maximum Initial Capital |
Scaling Maximum Profit Split |
EA Usage | Copy Trading |
Total Initial Capital You Can Hold |
Withdrawal Days | Minimum Trading Days | Years of Operation | Establishment Date | Registered Country |
Japanese Support
|
| 2 |
70%〜95%
|
None
|
6% | 6% |
–
|
3〜5%
|
9% |
Account Balance or Equity
Whichever is Higher |
Initial Capital
|
cTrader
|
TopFX
|
OK
|
OK
|
3 days
|
365 days |
None
|
$0〜6/lot
|
30〜50x
|
0%
(Withdrawal OK even after failure) |
$1,000,000
|
95%
|
OK
|
Between Challenge Accounts or
Between Pro Trader Accounts NG |
Challenge Accounts: $300,000
Pro Trader Accounts: Up to 3 |
1〜14 days
|
3%〜1% or more
of Initial Capital |
1 year
|
June 2023
|
Singapore
|
Planned for
within 2025 |
|
|
1
|
12%
|
–
|
6〜7% | ||||||||||||||||||||||||||||
| 12〜13% | Maximum Profit |
PipFarm’s Japanese Language Support | Official Website, Official X Account, and Customer Support to Support Japanese
The concern with prop firms other than Fintokei is the lack of Japanese language support, right?
I was directly requested by PipFarm’s representative to “spread PipFarm to Japanese traders,” and they responded as follows:
Moved by Santhush’s passion, I decided to write an article about PipFarm🔥
About Pipfarm | Presence of Terms of Service and Reputation
PipFarm is a prop firm based in Singapore established in June 2023. The official name is ECI Ventures Pte. Ltd., and the CEO is James Glyde.
James Glyde was a former cTrader Senior Executive. He is famous in the industry as the business development manager who led cTrader to achieve the second highest adoption rate after MT4. He has over 10 years of experience as a leader in the online trading industry.
I judge that there are no problems using it as an overseas prop firm for the following reasons:
PipFarm公式サイト(https://pipfarm.com/) has notation based on the Specified Commercial Transaction Act
PipFarm公式サイト(https://pipfarm.com/) has notation based on the Specified Commercial Transaction Act on the Terms and Conditions page as follows.
The terms and conditions also include the Singapore corporate number, so it’s highly likely not a scam.
Only 32 reviews on Trustpilot, high rating of 4.6/5.0
On Trust Pilot’s PipFarm page, there are only 32 reviews with a rating of 4.6, which is a concern due to the limited number of reviews.
Many other reviews are also posted, so if you’re concerned, please check them out.
Reports from traders who have withdrawn on the official Discord
Screenshot
If you’re concerned about whether you can actually withdraw from PipFarm, you might want to check out the PipFarm official Discord.
As you can see on Discord, everyone is making withdrawals of $10,000 or more without issue.
Negotiating to list on PropFirmMatch within a year
When asked about PropFirmMatch, the major prop firm review site that all Japanese prop traders refer to, I received the following response.
PipFarm is currently negotiating, but