This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
PipFarm Review
PipFarm is a Singapore based prop trading firm that sells simulated funded account challenges. It is not regulated, and it lost its Prop Firm Match listing in 2025.
Min Deposit
$40
Spreads From
Around 0.1 pips on EUR/USD plus a $6 per lot commission, per third party review data, not published directly by PipFarm
Max Leverage
1:30 standard across instruments, varies by product, per third party review data
Platforms
cTrader, MetaTrader 5
Pros
- Registered as a real Singapore company, ECI Ventures Pte. Ltd., since 2023
- Offers 1 step, 2 step, and instant funding challenges for most traders
- Profit split reaches up to 90 percent, plus a loyalty bonus program
- Supports cTrader, MetaTrader 5, and Match Trader across five markets
- PipFarm's CEO responds directly and publicly to press and trader criticism
Cons
- Not licensed by any financial regulator, confirmed by independent reviewers
- Lost its Prop Firm Match review listing in October 2025 after a dispute
- A PipFarm commissioned poll found about 60 percent of clients lost money
- Many conflicting discount codes circulate across affiliate review sites
- All accounts are simulated, so no real market position is ever placed
PipFarm is a prop trading firm that started in 2023 under ECI Ventures Pte. Ltd. in Singapore. Traders pay a one time fee for a simulated challenge, then trade a demo account to try to earn a funded payout. It is not a bank or broker, and no regulator licenses it, which is common in this industry.
PipFarm sells one step, two step, and instant funding challenges on accounts from 5,000 to 300,000 dollars. Fees start near 40 dollars. Profit split reaches up to 90 percent, and its loyalty program advertises up to 109 percent. It runs on cTrader, MetaTrader 5, and Match Trader. The United States, Iran, and North Korea cannot buy a challenge.
In October 2025, review site Prop Firm Match delisted PipFarm after a dispute over internal data requests, which its CEO called unreasonable to Finance Magnates. A PipFarm poll of its own clients found close to 60 percent lost money and close to half never claimed a payout, numbers in line with the wider industry.
Min. Deposit
USD 40
Max Leverage
1:30 standard across instruments, varies by product, per third party review data
Spreads From
Around 0.1 pips on EUR/USD plus a $6 per lot commission, per third party review data, not published directly by PipFarm
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
