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📋 How We Review Prop Firms: CoinCodeCap evaluates prop trading firms across five weighted criteria: Payout Reliability (35%), Evaluation Fairness (25%), Pricing Value (20%), Platform & Tools (10%), and Support & Transparency (10%). We research payout histories, Trustpilot reviews, community feedback, and official documentation before scoring. All facts verified against pipfarm.com at time of publication.
PipFarm stands out in a crowded Forex prop firm space through three genuinely novel features: an XP-based rank progression system that earns you higher profit splits and faster payouts the longer you trade, a Kill Switch dashboard tool that auto-closes positions at set equity levels to protect against breach, and payout protection that lets you collect your profit share even if you subsequently breach your funded account. These aren’t marketing — they’re documented in the official terms and FAQ. Founded in 2023 in Singapore by CEO James Glyde, PipFarm has paid $2M+ to traders and operates exclusively on cTrader.
⚡ TL;DR — PipFarm
Singapore-based Forex prop firm founded 2023, CEO James Glyde. cTrader only. Three challenge modes: Endurance, Consistency, Classic + Instant Funding. Profit split 70–95% via XP rank system. Friday weekly payouts ($1,000 compensation if missed). Kill Switch + Payout Protection built-in. Scales to $1.5M. $2M+ paid. 351 Trustpilot reviews.
- 📅 Founded: 2023, Singapore — CEO: James Glyde
- 📊 Markets: Forex, Metals, Indices, Crypto, Oil — 81 instruments via CFDs on cTrader
- 💸 Profit Split: 70% (Rank 0) → 95% (Rank 5) via XP system
- ⚡ Payouts: Weekly (Friday) · auto-scheduled · $1,000 comp if missed by 23:59 GMT Friday
- 🎮 XP System: Earn XP by passing, scaling, receiving payouts → unlock higher splits, faster payouts, lower commissions, more drawdown
- 🔒 Kill Switch: Dashboard tool that auto-closes positions at set equity TP or DL levels
- 🛡️ Payout Protection: Collect profit share even after a funded account breach
- 📈 Scaling: Up to $1.5M — every 12% profit triggers next scale (50% more funding)
- 🖥️ Platform: cTrader only (no MT4/MT5)
- 💰 Entry Fee: From ~$40 · not refunded · no recurring fees
- ⚠️ Caution: $5,000 weekly payout cap applies (removable via Consistency Score) · some payout delay reports
PipFarm at a Glance
| 📊 Feature | Details |
|---|---|
| ⭐ CoinCodeCap Rating | 4.1 / 5 |
| Founded | 2023, Singapore — CEO: James Glyde |
| Best For | Forex/CFD traders who want XP-based progression, Kill Switch safety, and payout protection |
| Markets | Forex, Metals, Indices, Crypto, Oil — 81 instruments |
| Challenge Modes | Endurance · Consistency · Classic · Instant (Consistency only) |
| Challenge Stages | 1-Stage (12% profit target) · 2-Stage (6% + 6%) |
| Account Sizes | $5K–$300K · scales to $1.5M |
| Entry Fee | From ~$40–$50 · not refunded · no recurring fees |
| Profit Split | 70% (Rank 0) → 75% → 80% → 85% → 90% → 95% (Rank 5) |
| XP System | Earn XP for milestones → rank up → unlock better split, payouts, commissions |
| Commission | $6/lot base → $3/lot → $0/lot (Rank 4+) |
| Daily Loss Limit | 3% of balance |
| Max Drawdown | 12% (trailing or static — 1-Stage trader’s choice) |
| Payout Schedule | Auto-scheduled every Friday · 14 calendar days + 3 profitable days between payouts |
| Payout Cap | $5,000/week gross (removed if Consistency Score ≤30%) |
| Payout Guarantee | $1,000 comp if not paid by 23:59 GMT Friday |
| Kill Switch | ✅ Auto-close at equity-based TP or DL levels via dashboard |
| Payout Protection | ✅ Collect profit share even after funded account breach |
| Platform | cTrader only (no MT4/MT5) |
| Total Payouts | $2M+ |
| Trustpilot | 351 reviews (mixed — mostly positive, some payout delay concerns) |
| 👉 Start PipFarm Challenge — From $40 → | |
⚡ Bottom Line (Up Top): PipFarm’s XP rank system (70→95% split), Kill Switch dashboard, payout protection, fastest scaling (every 12% → up to $1.5M), static or trailing drawdown choice, and $1,000 Friday payout guarantee are genuinely differentiated features. The $5,000 weekly payout cap (unless Consistency Score ≤30%), cTrader-only platform, non-refundable challenge fee, and some Trustpilot payout delay reports are the real trade-offs. For experienced cTrader Forex traders who want maximum flexibility and an incentivized progression system, PipFarm is one of the most innovative prop firms operating in 2026.
What Is PipFarm?
PipFarm is a Singapore-based Forex/CFD proprietary trading firm founded in 2023 by CEO James Glyde. It runs exclusively on cTrader and offers four challenge modes — Endurance, Consistency, Classic, and Instant — each with different drawdown mechanics, consistency requirements, and scaling paths. The XP rank system is the central organizing principle: every milestone (passing a challenge, scaling, receiving a payout) earns Experience Points that promote you through ranks, unlocking incrementally better trading conditions at each level.
The firm has paid $2M+ to traders since launch. Friday is the designated payout day — payouts are auto-scheduled and processed by 23:59 GMT, with a $1,000 compensation guarantee if missed. Payout protection allows traders to collect their profit share even after a funded account breach, provided minimum profitable days are met and profit ≥1% — a unique safety net not found at most competitors.
Three Standout Features
1. XP Rank System — Your Conditions Improve as You Trade
| Rank | Profit Split | Commission (FX) | How to Reach |
|---|---|---|---|
| Rank 0 | 70% | $6/lot | Default — all new traders start here |
| Rank 1 | 75% | $3/lot | Earn XP from milestones |
| Rank 2 | 80% | $3/lot | More XP — faster payouts unlock |
| Rank 3 | 85% | $3/lot | Increased drawdown limits |
| Rank 4 | 90% | $0/lot (zero commission) | Higher leverage, larger scaling |
| Rank 5 | 95% | $0/lot | Lifetime discounts, fastest payouts |
XP is earned by passing challenges, scaling accounts, and receiving payouts. Rank benefits apply to new accounts created after promotion — existing accounts keep the conditions they were opened with. XP cannot be lost or spent, but the monthly cap from challenge purchases is 20 XP.
2. Kill Switch — Automated Risk Protection
The Kill Switch is a built-in dashboard feature that automatically closes all open positions when equity hits a set level — either to lock in profit at a target or to prevent breaching the daily loss limit. No manual intervention required during volatile sessions. Set your daily loss floor and your profit target in the dashboard, and the system enforces both automatically. This is available for free on all accounts and is one of the few prop firm tools genuinely designed to keep traders funded rather than to catch them out.
3. Payout Protection — Get Paid Even After a Breach
If you breach your funded account (hitting the daily loss or max loss limit), you don’t automatically lose all accumulated profit. PipFarm’s payout protection pays out your profit share provided you’ve met the minimum profitable trading days and your profit is ≥1% of the starting balance. If profit is below 1%, it’s offered as a voucher for future challenges. This fundamentally changes the funded account risk calculation — a bad session doesn’t wipe out weeks of consistent profits.
Challenge Structure
| Mode | Key Rule | Drawdown | Scaling | Best For |
|---|---|---|---|---|
| Endurance | No consistency score | Trailing | Smart Scaling (every 12% profit) | Traders who want freedom with no consistency constraints |
| Consistency | Consistency Score must stay below limit | Trailing | Smart Scaling (double XP rewards) | Disciplined traders who want faster XP and rank progression |
| Classic | Standard rules | Static or trailing (1-Stage choice) | Simple Scaling (after 4 payouts or 12% profit) | Traders who want static drawdown option |
| Instant | Consistency Score enforced · min 3% payout | Trailing | Simple Scaling · $5K hard cap always | Traders who want to skip evaluation entirely |
⚡ Expert Tip: The 1-Stage Classic challenge is the only PipFarm option where you can choose between static and trailing drawdown. If your strategy involves holding through intraday swings, static drawdown ($300K account fixed at $264K floor) is far safer than trailing. All other modes use trailing drawdown exclusively. Verify current drawdown parameters on pipfarm.com before purchasing — PipFarm updates rules actively.
Payout Rules (Official Source)
| Rule | Policy |
|---|---|
| Schedule | Auto-scheduled every Friday · processed by 23:59 GMT |
| Guarantee | $1,000 compensation if missed · $100 voucher if ID verification not reviewed within 24 hrs |
| Min Payout | 1% of starting balance (Endurance/Consistency) · 3% (Classic/Instant) |
| Weekly Cap | $5,000 gross — removed if Consistency Score ≤30% |
| Instant Account Cap | $5,000 hard cap always applies — does not get removed |
| Min Profitable Days | 3 (0.5% profit each) · 4 for $200K accounts · 5 for $300K accounts |
| Between Payouts | 14 calendar days + 3 profitable days (faster with XP rank) |
| Payout Methods | Riseworks (24 hrs, min $300) · Binance Pay (72 hrs) · Skrill (72 hrs) |
| Payout Fees | None (Tron network gas fees may apply on USDT — Rise/Skrill recommended) |
Key Trading Rules
| Rule | Policy |
|---|---|
| News Trading | ✅ Allowed · profits from price gaps >0.2% removed if triggered during news events |
| Overnight/Weekend | ✅ Permitted |
| EAs / Bots | ✅ Allowed (cTrader bots) · ❌ HFT bots via Open API/FIX API prohibited |
| Copy Trading | ✅ Within own accounts only (via PropFirm One) · ❌ Copying to/from other traders prohibited |
| Hedging | ✅ Within same account or correlated instruments · ❌ Across multiple PipFarm accounts prohibited |
| Prop Account Hedging | ❌ Strictly prohibited — accounts on opposite sides of same trade across firms |
| Scalping | ✅ Permitted (no min trade duration rule) |
| Inactivity | 14-day period (extendable to 28 days with 10 XP — Rank 1) |
How We Rate PipFarm
| Criteria | Weight | Score | Notes |
|---|---|---|---|
| Payout Reliability | 35% | 3.8 / 5 | $2M+ paid, $1,000 Friday guarantee, payout protection feature. Trustpilot payout delay reports and $5K cap are concerns. Small review base (351) limits confidence. |
| Evaluation Fairness | 25% | 4.2 / 5 | Static or trailing drawdown choice, no time limits, news/overnight/weekend all permitted, payout protection unique. 0.2% news profit removal rule adds complexity. |
| Pricing Value | 20% | 4.0 / 5 | From $40 is very competitive. No recurring fees. Commission reduces to $0 at Rank 4 — excellent long-term value. Fee not refunded. |
| Platform & Tools | 10% | 4.2 / 5 | cTrader is pro-grade. Kill Switch is genuinely unique. Dashboard innovation is strong. cTrader-only excludes MT4/MT5 traders. |
| Support & Transparency | 10% | 3.8 / 5 | Active blog and changelog. Official FAQ and T&Cs are clearly documented. Some payout processing inconsistency and CEO non-response reports in community. |
| Overall: 4.1 / 5 | |||
Pros and Cons
| ✅ Pros | ❌ Cons |
|---|---|
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Who Should Use PipFarm?
PipFarm suits you if: You’re a cTrader user who wants improving conditions the longer you stay with a firm. You value safety features (Kill Switch, payout protection) that most firms don’t offer. You want the fastest scaling path — 12% profit unlocks 50% more funding in each round. You swing trade or hold overnight/weekend positions and need zero restrictions on those styles. You want zero commissions at higher ranks instead of a fixed split from day one.
Look elsewhere if: You need MT4 or MT5 — PipFarm only supports cTrader. You want a guaranteed 80%+ split from your first payout — PipFarm starts at 70% (Rank 0) and requires XP progression to reach higher splits. You need verified multi-million-dollar payout track record — use FTMO ($500M+) or FundedNext ($261M+). The $5,000 weekly cap is a significant limitation if you run large accounts.
⚡ Bottom Line: PipFarm is the most innovative Forex prop firm structure in 2026. The XP rank system, Kill Switch, payout protection, and 12%-trigger scaling are genuinely novel features that reward consistent, long-term traders over challenge-fee churners. The starting 70% split (Rank 0) and $5,000 weekly cap are real limitations — but they dissolve as you advance. For experienced cTrader Forex traders committed to a single firm long-term, PipFarm’s trajectory of improving conditions is more valuable than a fixed 80–90% from a firm with no progression system.
📝 Reviewed by the CoinCodeCap Editorial Team — Our prop firm reviews are researched and written by analysts with direct experience evaluating funded trading programs, payout structures, and challenge rule sets across 20+ firms. All facts verified against official PipFarm documentation at time of publication.
FAQs
How does the XP rank system work at PipFarm?
You earn Experience Points (XP) by completing milestones: passing challenges, receiving payouts, scaling accounts. Accumulate enough XP to promote to the next rank. Each rank increases your profit split by 5% (from 70% at Rank 0 to 95% at Rank 5) and unlocks better commissions, faster payouts, and lifetime discount codes. XP cannot be lost. Monthly XP from challenge purchases is capped at 20 XP. Rank benefits apply only to new accounts created after promotion.
What is the Kill Switch?
The Kill Switch is a dashboard tool that automatically closes all open positions when your account equity hits a set level — either to protect a daily profit (equity-based take profit) or to prevent breaching the daily loss limit (equity-based stop). It’s available on all PipFarm accounts at no cost and eliminates the need to monitor your positions manually during volatile sessions.
What is payout protection?
If you breach a funded account (breach the daily loss or max loss limit), PipFarm will still pay out your accumulated profit share — provided you’ve met the minimum profitable trading days and your profit is at least 1% of the starting balance. If profit is below 1%, it’s offered as a voucher for future challenge purchases. This policy is documented in PipFarm’s official FAQ and terms.
What is the $5,000 weekly payout cap?
PipFarm’s weekly payout cap limits gross withdrawals to $5,000 per week on Classic, Endurance, and Consistency accounts. If your Consistency Score (the percentage of profits from your highest single day) is 30% or lower, the cap is removed entirely and you can withdraw your full payout. Instant accounts have a $5,000 hard cap that cannot be removed. Plan around this if you’re trading large accounts with high weekly profit potential.
Related articles: FTMO Review | FundedNext Review | The5ers Review | BrightFunded Review
