PipFarm
Read plan by plan, PipFarm splits in two. Its four configurable challenges — Consistency or Endurance, one exam or two — run on a static 10% loss limit that behaves the way it is advertised, and its contract is one of the more careful ones in this register. Its Instant account does not. On the Payout Trailing Instant Account "each time you take a payout, your remaining drawdown allowance shrinks by your share of the withdrawal, permanently", and "Profit alone never changes the allowance" — only being paid does. The firm's own worked example on a $100,000 account has spent the entire buffer after two withdrawals, at which point "it locks permanently at the starting balance of $100,000" and the trader is invited to keep trading with no room left at all. That article lives on a second host, help.pipfarm.com, and nothing on pipfarm.com repeats a word of it.
Two more things a buyer cannot see from the price. Bought through Pay With Profits, the funded account is not governed by the 10% the exam was sold on but by a Risk Tier the trader earns with their own conduct: "Your risk tier's limit becomes the new rules on your funded account. Break them and the account is breached." It runs as tight as 2% — for the traders who were most careful. And the section of the contract actually titled Risk Management Rules publishes no figure at all: the numbers are "disclosed in the welcome email received with the account credentials", on the far side of the payment. Elsewhere the same contract promises that "The applicable scaling formula is set out in Appendix B" and the Appendix B in that same document has no scaling section in it. The profit split is quoted at three different values on three of the firm's own pages — "Up to 109% Profit Share" on the homepage, 90% at the top tier of the sales page, and "The default reward share is 70% of simulated net profit" in the contract, which clause 26.7 falls back to the moment there is a dispute.
Not enough published data to simulate this firm’s floor.
Crossed one of the seven hard bars. Open the row and it names which one, with the mechanism spelled out. This is not a low grade — no quantity of virtue elsewhere buys it off, which is why it carries no rank at all.
Disqualified for
Asking for money moves the floor
Your balance is untouched — what shrinks is the distance between it and the number that closes the account, and the trigger is you requesting a withdrawal. This is not the same as a floor that locks at your starting balance on its own, which several firms here do and which costs nothing: it is arriving at that floor before the account earned the buffer. One firm sets a $20 minimum request, so $20 can cost several thousand of headroom. Sibling of the first drawdown bar: that one fires at a stage boundary the firm controls, this one at a moment you choose.
What they published
“each time you take a payout, your remaining drawdown allowance shrinks by your share of the withdrawal, permanently”“Once the Max Loss allowance reaches $0 (Payout 2 in this example), it locks permanently at the starting balance of $100,000.”“Your risk tier's limit becomes the new rules on your funded account. Break them and the account is breached.”“The applicable rules for each account are disclosed in the welcome email received with the account credentials and are displayed in the Dashboard prior to and during trading.”Scorecard
7Trails your live equity and never stops
No entity named, or the licence belongs to someone else
A lifetime ceiling, or a rule that can block payment
Every page we read agreed with every other
Under a year, or too few reviews to mean anything
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
The score is published anyway, because it is the honest picture: a firm can be strong on four axes and still be disqualified on one mechanism. A disqualifier is not a low grade — it is a rule we will not trade under at any price.
Plan by plan
5 of this firm’s challenges were read plan by plan, with a citation behind every answer. See them side by side →
One exam: 12% to make against 10% of static room, on a floor the firm calls the maximum drawdown limit and never trails. What the funded account then runs on is not published — clause 18.1 sends the figures to the welcome email — unless it is bought through Pay With Profits, in which case the floor is the Risk Tier the trader earned and the tightest of the five is 2%.
Two independent 6% exams instead of one 12%, against the same 10% of room and the same 5% day — and clause 19.1 puts a separate clock on each stage, so failing the second costs you the first. Sold as the gentler shape and it is not: it is two pass-or-fail runs at the price of one.
The exam has no consistency score — the firm's own two Mode cards say so by what each prints — and swaps it for a profitable-days requirement of 0.5%. The rule does not stay away: on the funded account clause B3.1 applies its 50% daily consistency limit to every Simulated Funded Account without distinguishing Modes.
The fourth corner of the configurator: two 6% exams, no consistency score in either, a 2% minimum payout. Recorded separately because its rule set matches none of the other three — which is why this firm has four plans here rather than one row saying configurable.
The account this firm's disqualifier is about, and it has no page on pipfarm.com: the main site sells it as a discount banner, the contract mentions Instant accounts only to refuse them a refund and to halve their payout ceiling, and the rule is in a help-centre article on another host. The floor does not follow equity and does not follow the close — it follows you being paid, permanently, until there is no buffer left and the account breaks the moment it dips below the balance it opened with.
Trustpilot
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
1/5
Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
2/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
2/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $60/8
“12% $12,000 Profit Target Required to pass the challenge”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finish90 days2.40/3
“19.1 Every account has a time limit selected by the User at the time of purchasing a Trading Challenge. The available time limits are 90 days, 180 days, or 360 days. The time limit begins from the date the account is issued and applies independently to each stage. If the time limit expires on a challenge stage, that stage is considered failed, all progress is forfeited, and the User must purchase a new Trading Challenge to try again.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in3 days2/2
“3.4 If You pass the Trading Challenge, You may be enrolled in the Remote Trader Program. To pass the Trading Challenge, You must reach the Profit Target without breaking any Rules and complete a minimum of three Trading Days.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“19.1 Every account has a time limit selected by the User at the time of purchasing a Trading Challenge. The available time limits are 90 days, 180 days, or 360 days. The time limit begins from the date the account is issued and applies independently to each stage. If the time limit expires on a challenge stage, that stage is considered failed, all progress is forfeited, and the User must purchase a new Trading Challenge to try again.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target12%—
“12% $12,000 Profit Target Required to pass the challenge”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allThey do not say.0/3
“10% $10,000 Static Max Loss The maximum drawdown limit”we read the page that should answer this and it does not
A limit that climbs takes back the cushion you already earned.
What the limit is measured againstThey do not say.no change0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limit5%, measured on the day's closing figureThey do not say.0/2
“5% $5,000 Daily Loss Based on previous EOD balance/equity”we read the page that should answer this and it does not
A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed10%2%0/1
“10% $10,000 Static Max Loss The maximum drawdown limit”“Tier 1 Very Low 1.0% account balance fee Max Loss ≤ 2% Max Risk ≤ 0.5% Profit Share 90%”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“10% $10,000 Static Max Loss The maximum drawdown limit”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payoutno change2.10/3
“35% 35% Consistency Score Required to pass and request payouts”“B3.1 All Simulated Funded Accounts are subject to a minimum daily consistency score requirement. No single Trading Day's profit may exceed 50% of the total profit at the time of a Reward request.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“The Company is not obligated to approve any verification submission, to provide a reason for rejection, or to offer multiple attempts.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey do not say.0/2
we read the page that should answer this and it does not
How long your money is theirs.
Most one withdrawal can pay you5.0% of the account, at worst1.60/2
“100K | CONSISTENCY | 1-STAGE | STATIC 12% $12,000 Profit Target Required to pass the challenge 5% $5,000 Daily Loss Based on previous EOD balance/equity 10% $10,000 Static Max Loss The maximum drawdown limit 35% 35% Consistency Score Required to pass and request payouts 6% $5,000 FUNDED First Payout Cap Increases 2% every payout 30X 1:30 Max Leverage Varies by volume and market”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountyes — a bigger account pays a bigger cheque2/2
“B1.7 Each Simulated Funded Account is also subject to a maximum payout cap calculated as a percentage of the account balance at the time of the payout request.”Profit required before the first request1%1/1
“consistency BEST VALUE Consistency Score 35% Minimum Payout 1% endurance POPULAR Profitable Days 0.5% Minimum Payout 2%”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey do not say.no change—
we read the page that should answer this and it does not
Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey do not say.no change—
we read the page that should answer this and it does not
Forced close before the weekendThey do not say.no change—
we read the page that should answer this and it does not
Leverage1:30by instrument
no change—
by instrument
“30X 1:30 Max Leverage Varies by volume and market”Limit on position sizeThey do not say.no change—
we read the page that should answer this and it does not
No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a larger simulation—
“3.12 The balance credited to Accounts is not real money, and You have no claim on those funds. All orders are executed in a simulated environment using third-party market data.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $30/8
“2-STAGE STATIC 1 Profit Target 6% 2 Profit Target 6% Static Max Loss 10% Daily Loss 5% Max Risk 3%”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finish90 daysno change2.40/3
“19.1 Every account has a time limit selected by the User at the time of purchasing a Trading Challenge. The available time limits are 90 days, 180 days, or 360 days. The time limit begins from the date the account is issued and applies independently to each stage. If the time limit expires on a challenge stage, that stage is considered failed, all progress is forfeited, and the User must purchase a new Trading Challenge to try again.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in3 dayswe did not read this stage2/2
“3.4 If You pass the Trading Challenge, You may be enrolled in the Remote Trader Program. To pass the Trading Challenge, You must reach the Profit Target without breaking any Rules and complete a minimum of three Trading Days.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“19.1 Every account has a time limit selected by the User at the time of purchasing a Trading Challenge. The available time limits are 90 days, 180 days, or 360 days. The time limit begins from the date the account is issued and applies independently to each stage. If the time limit expires on a challenge stage, that stage is considered failed, all progress is forfeited, and the User must purchase a new Trading Challenge to try again.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target6%no change—
“2-STAGE STATIC 1 Profit Target 6% 2 Profit Target 6% Static Max Loss 10% Daily Loss 5% Max Risk 3%”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno changeThey do not say.0/3
“2-STAGE STATIC 1 Profit Target 6% 2 Profit Target 6% Static Max Loss 10% Daily Loss 5% Max Risk 3%”we read the page that should answer this and it does not
A limit that climbs takes back the cushion you already earned.
What the limit is measured againstThey do not say.no changeno change0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limit5%, measured on the day's closing figureno changeThey do not say.0/2
“5% $5,000 Daily Loss Based on previous EOD balance/equity”we read the page that should answer this and it does not
A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed10%no change2%0/1
“2-STAGE STATIC 1 Profit Target 6% 2 Profit Target 6% Static Max Loss 10% Daily Loss 5% Max Risk 3%”“Tier 1 Very Low 1.0% account balance fee Max Loss ≤ 2% Max Risk ≤ 0.5% Profit Share 90%”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“2-STAGE STATIC 1 Profit Target 6% 2 Profit Target 6% Static Max Loss 10% Daily Loss 5% Max Risk 3%”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payoutno changeno change2.10/3
“consistency BEST VALUE Consistency Score 35% Minimum Payout 1% endurance POPULAR Profitable Days 0.5% Minimum Payout 2%”“B3.1 All Simulated Funded Accounts are subject to a minimum daily consistency score requirement. No single Trading Day's profit may exceed 50% of the total profit at the time of a Reward request.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“The Company is not obligated to approve any verification submission, to provide a reason for rejection, or to offer multiple attempts.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey do not say.0/2
we read the page that should answer this and it does not
How long your money is theirs.
Does that cap rise with the accountyes — a bigger account pays a bigger cheque2/2
“B1.7 Each Simulated Funded Account is also subject to a maximum payout cap calculated as a percentage of the account balance at the time of the payout request.”Profit required before the first request1%1/1
“consistency BEST VALUE Consistency Score 35% Minimum Payout 1% endurance POPULAR Profitable Days 0.5% Minimum Payout 2%”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey do not say.no changeno change—
we read the page that should answer this and it does not
Mandatory stop-lossThey do not say.no changeno change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey do not say.no changeno change—
we read the page that should answer this and it does not
Forced close before the weekendThey do not say.no changeno change—
we read the page that should answer this and it does not
Leverage1:30by instrument
no changeno change—
by instrument
“30X 1:30 Max Leverage Varies by volume and market”Limit on position sizeThey do not say.no changeno change—
we read the page that should answer this and it does not
No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a larger simulation—
“3.12 The balance credited to Accounts is not real money, and You have no claim on those funds. All orders are executed in a simulated environment using third-party market data.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $60/8
“1-STAGE STATIC Profit Target 12% Static Max Loss 10% Daily Loss 5% Max Risk 3%”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finish90 days2.40/3
“19.1 Every account has a time limit selected by the User at the time of purchasing a Trading Challenge. The available time limits are 90 days, 180 days, or 360 days. The time limit begins from the date the account is issued and applies independently to each stage. If the time limit expires on a challenge stage, that stage is considered failed, all progress is forfeited, and the User must purchase a new Trading Challenge to try again.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in3 days2/2
“3.4 If You pass the Trading Challenge, You may be enrolled in the Remote Trader Program. To pass the Trading Challenge, You must reach the Profit Target without breaking any Rules and complete a minimum of three Trading Days.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“19.1 Every account has a time limit selected by the User at the time of purchasing a Trading Challenge. The available time limits are 90 days, 180 days, or 360 days. The time limit begins from the date the account is issued and applies independently to each stage. If the time limit expires on a challenge stage, that stage is considered failed, all progress is forfeited, and the User must purchase a new Trading Challenge to try again.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target12%—
“1-STAGE STATIC Profit Target 12% Static Max Loss 10% Daily Loss 5% Max Risk 3%”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allThey do not say.0/3
“1-STAGE STATIC Profit Target 12% Static Max Loss 10% Daily Loss 5% Max Risk 3%”we read the page that should answer this and it does not
A limit that climbs takes back the cushion you already earned.
What the limit is measured againstThey do not say.no change0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limit5%, measured on the day's closing figureThey do not say.0/2
“5% $5,000 Daily Loss Based on previous EOD balance/equity”we read the page that should answer this and it does not
A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed10%2%0/1
“1-STAGE STATIC Profit Target 12% Static Max Loss 10% Daily Loss 5% Max Risk 3%”“Tier 1 Very Low 1.0% account balance fee Max Loss ≤ 2% Max Risk ≤ 0.5% Profit Share 90%”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“1-STAGE STATIC Profit Target 12% Static Max Loss 10% Daily Loss 5% Max Risk 3%”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey state there is none.it delays the payout2.10/3
“consistency BEST VALUE Consistency Score 35% Minimum Payout 1% endurance POPULAR Profitable Days 0.5% Minimum Payout 2%”“B3.1 All Simulated Funded Accounts are subject to a minimum daily consistency score requirement. No single Trading Day's profit may exceed 50% of the total profit at the time of a Reward request.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“The Company is not obligated to approve any verification submission, to provide a reason for rejection, or to offer multiple attempts.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey do not say.0/2
we read the page that should answer this and it does not
How long your money is theirs.
Does that cap rise with the accountyes — a bigger account pays a bigger cheque2/2
“B1.7 Each Simulated Funded Account is also subject to a maximum payout cap calculated as a percentage of the account balance at the time of the payout request.”Profit required before the first request2%1/1
“consistency BEST VALUE Consistency Score 35% Minimum Payout 1% endurance POPULAR Profitable Days 0.5% Minimum Payout 2%”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey do not say.no change—
we read the page that should answer this and it does not
Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey do not say.no change—
we read the page that should answer this and it does not
Forced close before the weekendThey do not say.no change—
we read the page that should answer this and it does not
Leverage1:30by instrument
no change—
by instrument
“30X 1:30 Max Leverage Varies by volume and market”Limit on position sizeThey do not say.no change—
we read the page that should answer this and it does not
No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a larger simulation—
“3.12 The balance credited to Accounts is not real money, and You have no claim on those funds. All orders are executed in a simulated environment using third-party market data.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $30/8
“2-STAGE STATIC 1 Profit Target 6% 2 Profit Target 6% Static Max Loss 10% Daily Loss 5% Max Risk 3%”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finish90 daysno change2.40/3
“19.1 Every account has a time limit selected by the User at the time of purchasing a Trading Challenge. The available time limits are 90 days, 180 days, or 360 days. The time limit begins from the date the account is issued and applies independently to each stage. If the time limit expires on a challenge stage, that stage is considered failed, all progress is forfeited, and the User must purchase a new Trading Challenge to try again.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in3 dayswe did not read this stage2/2
“3.4 If You pass the Trading Challenge, You may be enrolled in the Remote Trader Program. To pass the Trading Challenge, You must reach the Profit Target without breaking any Rules and complete a minimum of three Trading Days.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“19.1 Every account has a time limit selected by the User at the time of purchasing a Trading Challenge. The available time limits are 90 days, 180 days, or 360 days. The time limit begins from the date the account is issued and applies independently to each stage. If the time limit expires on a challenge stage, that stage is considered failed, all progress is forfeited, and the User must purchase a new Trading Challenge to try again.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target6%no change—
“2-STAGE STATIC 1 Profit Target 6% 2 Profit Target 6% Static Max Loss 10% Daily Loss 5% Max Risk 3%”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno changeThey do not say.0/3
“2-STAGE STATIC 1 Profit Target 6% 2 Profit Target 6% Static Max Loss 10% Daily Loss 5% Max Risk 3%”we read the page that should answer this and it does not
A limit that climbs takes back the cushion you already earned.
What the limit is measured againstThey do not say.no changeno change0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limit5%, measured on the day's closing figureno changeThey do not say.0/2
“5% $5,000 Daily Loss Based on previous EOD balance/equity”we read the page that should answer this and it does not
A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed10%no change2%0/1
“2-STAGE STATIC 1 Profit Target 6% 2 Profit Target 6% Static Max Loss 10% Daily Loss 5% Max Risk 3%”“Tier 1 Very Low 1.0% account balance fee Max Loss ≤ 2% Max Risk ≤ 0.5% Profit Share 90%”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“2-STAGE STATIC 1 Profit Target 6% 2 Profit Target 6% Static Max Loss 10% Daily Loss 5% Max Risk 3%”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey state there is none.no changeit delays the payout2.10/3
“consistency BEST VALUE Consistency Score 35% Minimum Payout 1% endurance POPULAR Profitable Days 0.5% Minimum Payout 2%”“B3.1 All Simulated Funded Accounts are subject to a minimum daily consistency score requirement. No single Trading Day's profit may exceed 50% of the total profit at the time of a Reward request.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“The Company is not obligated to approve any verification submission, to provide a reason for rejection, or to offer multiple attempts.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey do not say.0/2
we read the page that should answer this and it does not
How long your money is theirs.
Does that cap rise with the accountyes — a bigger account pays a bigger cheque2/2
“B1.7 Each Simulated Funded Account is also subject to a maximum payout cap calculated as a percentage of the account balance at the time of the payout request.”Profit required before the first request2%1/1
“consistency BEST VALUE Consistency Score 35% Minimum Payout 1% endurance POPULAR Profitable Days 0.5% Minimum Payout 2%”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey do not say.no changeno change—
we read the page that should answer this and it does not
Mandatory stop-lossThey do not say.no changeno change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey do not say.no changeno change—
we read the page that should answer this and it does not
Forced close before the weekendThey do not say.no changeno change—
we read the page that should answer this and it does not
Leverage1:30by instrument
no changeno change—
by instrument
“30X 1:30 Max Leverage Varies by volume and market”Limit on position sizeThey do not say.no changeno change—
we read the page that should answer this and it does not
No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a larger simulation—
“3.12 The balance credited to Accounts is not real money, and You have no claim on those funds. All orders are executed in a simulated environment using third-party market data.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive · Profit target · Days you have to finish · Trading days you must put in · A second attempt costs
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at all3/3
“Profit alone never changes the allowance — only payouts do.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades included1/2
“From day one, your account is breached the moment your balance or equity drops below the trailing limit.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitit tightens, and shrinks again with every payout0/2
“Unlike trailing models that follow equity highs, this one is tied to payouts — each time you take a payout, your remaining drawdown allowance shrinks by your share of the withdrawal, permanently.”Taking your money out should not leave you closer to losing the account.
Total loss allowed5%0.25/1
“Your starting Payout Trailing Max Loss allowance is set as a percentage of the starting balance: 5% of the starting balance for Ranks 0 and 1”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingat your starting balance—
“The allowance can never go below $0. Once it's reached, the trailing limit locks at the starting balance.”The difference between a danger with an end date and one that never ends.
Daily limit
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“The Company is not obligated to approve any verification submission, to provide a reason for rejection, or to offer multiple attempts.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey do not say.0/2
we read the page that should answer this and it does not
How long your money is theirs.
Most one withdrawal can pay you3.0% of the account, at worst1/2
“The example below uses a $100,000 account at Rank 1 (5% starting allowance) with a 75% profit share . Each payout caps at the progressive Payout Cap on the Payout Trailing Instant Account (3% → 4% → 5% → 6%). Stage Payout (cap) Trader's Share (75%) Remaining Allowance Trailing Limit Account start — — $5,000 $95,000 After Payout 1 $3,000 (3%) $2,250 $2,750 $97,250”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountyes — a bigger account pays a bigger cheque2/2
“B1.9 For Instant Funded Simulated Accounts: the initial cap is 3% of the account balance, increasing by 1% with each subsequent approved payout, up to a maximum of 6%.”Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
What breaking the consistency rule costs · Profit required before the first request
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a larger simulation—
“3.12 The balance credited to Accounts is not real money, and You have no claim on those funds. All orders are executed in a simulated environment using third-party market data.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedonly inside the account panel, after you have paid0/4
“18.1 Each account type operates under a set of Risk Management Rules that are determined at the time of purchase. These rules vary depending on the account type, size, and configuration selected by the User. The applicable rules for each account are disclosed in the welcome email received with the account credentials and are displayed in the Dashboard prior to and during trading.”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeyes, and it says so0.60/3
“3.11 The Platform features, such as available trading instruments, leverage, and commissions, can be changed at any time without prior notice.”The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedyes2/2
“Last updated: April 9, 2026”Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
the payout terms · costs money
“Up to 109% Profit Share”“26.4 The Reward is a percentage of the simulated net profit generated in the Simulated Account. The applicable rate is variable and may change from time to time in accordance with the User's participation in the Experience Program. The default reward share is 70% of simulated net profit.”the fees · costs money
“Enrolment fee from $7”“15.1 All Accounts include a $10 Account Issuance Fee. This fee covers account creation, setup, and third-party provisioning costs incurred upon issuance and is non-refundable once an Account has been issued.”the fees · costs money
“No monthly fees, no surprise deductions, no fine print. One upfront fee, then a profit share taken from your payouts until it's covered — and standard funded terms forever after.”“recovering any outstanding difference by offsetting it against future payments due to the User (including Reward payouts)”the account size or the speed · costs credibility
“We offer challenges for every trader. Start today and get paid in 7 days. Receive 109% of the reward with our exclusive loyalty program.”“B1.4 Payout requests will be reviewed within two full business days of submission. Following approval, payouts will be disbursed within a further two full business days.”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withECI Ventures Pte. Ltd.no change4/4
“These terms and conditions (the “Agreement”) create a contract between you (“You” or the “User”) and ECI Ventures Pte. Ltd., trading as PipFarm ( www.pipfarm.com ), registered in Singapore with unique entity number 202329954C (the “Company”).”“Remote Trader Program Agreement means the agreement set out in Appendix B to this Agreement, the terms of which are accepted by the User upon purchasing a Trading Challenge.”With no named company there is nobody to sue.
Where it is registeredSingaporeno change1/2
“39.1 This Agreement is governed by and construed in accordance with the laws of Singapore. Any disputes arising out of or in connection with this Agreement or your use of the Services shall first be referred to binding arbitration in accordance with the rules of the Singapore Mediation Centre.”“A11.1 Unless expressly modified or addressed herein, all terms, conditions, and provisions stipulated in the General Terms and Conditions Agreement, including but not limited to Governing Law, Contact Information, and Disclaimer of Liability, remain in full force and effect and are hereby incorporated by reference.”A claim in the Czech Republic and a claim in St Vincent are not the same claim.
Its registration number202329954Cno change2/2
“registered in Singapore with unique entity number 202329954C”“PipFarm (operated by ECI Ventures Pte. Ltd. – UEN 202329954C, the “Company”) provides simulated trading challenges for entertainment, education and training purposes.”What turns a name into something checkable in a public register.
That company owns the brandyes2/2
“ECI Ventures Pte. Ltd., trading as PipFarm ( www.pipfarm.com )”Signing with a company other than the brand’s owner separates who sold to you from who answers to you.
Almost no firm here has a financial regulator, because selling simulated evaluations is not a regulated activity anywhere. Of the 114 firms we scored by hand, 96 sat in the bottom two rungs of backing for this reason. So we do not count it against anyone — it only adds when a firm genuinely has one.
The people behind it are named
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account issimulated, with no route to real capital0/4
“3.10 The Company does not provide You with a brokerage trading account. All orders You submit are executed in a simulated environment.”The question that separates a firm that earns when you lose from one that earns when you last.
Conditions to reach a real marketNo such thing in this plan.—
“3.10 The Company does not provide You with a brokerage trading account. All orders You submit are executed in a simulated environment.”Promising a route to a real market without publishing the conditions is promising nothing.
Almost none names a broker or a clearing house either, and that follows from the account being a simulation rather than being a second, separate failing. Charging for both would count one fact twice.
We read the rules of every plan it sells and issued a verdict on each one.