PipFarm Review ❗ — My 2 Months Experience And Results(Payouts)
The truth about PipFarm.
Still wondering if PipFarm is actually a scam or a legit prop firm? i’ve actually been trading with PipFarm for the past 2 months now.
And to answer that question I'm going to walk you guys through the Pros, Cons and my results for the past two months that I've been trading with PipFarm prop firm, I mean the things that I personally find interesting about PipFarm prop firm and the things that might probably discourage you from going ahead to sign up with PipFarm prop firm.
With my experience so far I was able to come up with a list of the pros and cons which I believe would definitely help you to make an informed decision, although there’s a lot of features related with this platform but I'll only be sharing here with you the key features that I've listed out that you should take note of before going ahead to sign up with PipFarm.
So after giving you the list of the pros and the cons, which are things that might encourage you or discourage you from trading with PipFarm prop firm, and showing you my payouts as well… And you still find this interesting enough to go ahead and sign up with this prop firm , then I’d recommend you CLICK HERE to go to their official website which is also a coupon link and that would save you some money. I also used the coupon link while I was still trying to get funded and that saved me a lot of money, because I didn't pay the full amount.
TABLE OF CONTENT
- What is PipFarm
- Pros & Cons
- My Results (screenshots of the payouts )
- Final Recommendation
How Does PipFarm Work: I will get started with a brief summary on what PipFarm is and how it works for the benefit of anyone hearing this for the first time or doesn’t really know how it works.
PipFarm is basically a platform/company that delivers its members(traders) with access to trading capital, in return for a specified percentage of the profits generated.
Actually, how it works on this platform is that you get to select and purchase a trading capital plan of your choice, and follow the rules of the evaluation phases to pass the challenge and unlock your funded account.
Now that I’m done sharing with you the primary explanation about what PipFarm is and how it works , I’ll now proceed to the major points of this review which is the Pros & Cons associated with PipFarm.
I’m going to start up by talking about the Pros which are the things that I personally find interesting about PipFarm prop firm.
PRO-1: So the first pro that I have on my list here which is something that most people don’t really put into consideration is the simplicity and how self explanatory this platform is. I always like to mention this because simplicity actually gives a firm an edge over others. So I'm going to give these guys a thumbs up on how plain and simple they organized their dashboard to look like…
As you can see here, the above image actually shows how simple and understandable it looks like, and even a computer illiterate wouldn’t have a hard time trying to understand what the prop firm is actually talking about.
And of course as you should know, simplicity alone doesn’t necessarily mean that a prop firm is legit, we also have to consider the other features that this platform has. And that takes me to the second pro that I have on my list here.
PRO-2: Second pro is the long evaluation period; PipFarm actually offers one full year of evaluation period , so it’s almost like there’s no time limit, because a year is definitely more than enough to pass your challenge. I believe we all know how much role the time factor plays for you as a trader. And that also helped me to analyze and pass my challenge without pressure. So yes, that is another part where I’ll give them a thumbs up.
PRO-3: The next pro that I have on my list here is their generous profit sharing module; yeah Pipfarm is actually one of the few prop firms that offers the members a profit share of up to 90%, although you might see a few prop firms that offers more that, but the question to also keep in mind is if those prop firms have other better features than this one. And that takes me to the next pro that I have on my list here.
PRO-4: Something else that I’ve actually found interesting with my time trading with PipFarm prop firm is the flexible trading rules as well. So PipFarm actually allows you to trade the news, they allow you to trade on weekends. So that would actually help you as a trader to explore some various trading strategies.
PRO-5: The next encouraging fact about this prop firm is the customer service support. Yeah their customer service support is actually one of the best that I've encountered so far. And of course I had to test them so as to give you guys an honest review about PipFarm prop firm. So yeah their customer service support is very much active and responsive. And I always like to take note of this, because like I always say you might come to a situation where you’d definitely need assistance and only the customer service support will be in the best position to assist you. So with that said, if you have any question related to PipFarm prop firm drop it in the comment section below and I’d be willing to respond to all your questions.
PRO-6: No hidden charges… yeah that takes me to point also that they’re no hidden charges , so you’re 100% only pay the amount you see on your profile for the challenge, unlike some other prop firms that I’ve tried out and they’ll probably debit you more than they charged due to some hidden charges and policies, meanwhile like I mentioned earlier you can CLICK HERE to access the coupon link and and avoid not paying the full amount, if you decide to sign up with PipFarm.
PRO-7: Educational resources
PRO-8: So the next point I'm going to mention here is safety, so compared to other prop firms that will take your money and ghost you or over charge you after getting your payment details, pipFarm actually delivers you with the exact account that you paid for and wouldn’t ghost you , and also you shouldn’t worry about being over charged. To lay more emphasis on how safe this platform is As you can see on the images below as well their reviews on Trustpilot says it all, these are some of the positive reviews by users.
the above images are some of the positive reviews on trustpilot by users.
But do not be deceived, as you should know, every prop firm and every platform out there always have their pros and cons , yes!! Every platform has their good sides and their bad sides, and in this article I’m not going to be leaving out the bad sides today, because I believe that this would help you weigh your options and decide if the good side outweighs the bad sides or vice versa.
CON-1: So the first con that I have here on my list, which is something that might be a little discouraging as well, is the fact that they have a high profit target, yes their profit target is slightly higher than some of other prop firms out there. Pipfarm offers a 12% profit target. But actually it’s very understandable since they only have a single step challenge which reduces the stress of going through multiple phases. So I think it’s still actually better to get a 12% profit target for just one phase than get a 10% profit target for a two to three step challenge.
CON-2: And that takes me to the next con that I have on my list here which is the strict drawdown limits as well. So PipFarm with 4% daily drawdown limit and overall 8% is slightly lower than some other firms. But of course like I mentioned earlier it’s actually a single step challenge so it’s understandable to have strict drawdown limits. Which might affect some traders with a very low risk management plan, or traders with a more aggressive pattern of trading.
CON-3: Inactivity rule; the next con that I have on my list here is the fact that you have to be active at least once in every 14 days, that is to say that you might face some penalties if you’re inactive for that long, also you have to reach your profit target within the space of a year. But honestly I don’t really consider this as much of a problem, because the time frame is very fair. And this might only affect lazy traders.
CON-4: the next point I'd have to mention as well which might be a little bit discouraging is that PipFarm have some limited asset coverage, yeah so they don’t trade in stocks, options, futures, or bonds, PipFarm are limited on that aspect.
CON-5: The last on my list here, which is very common with every big prop firms such as PipFarm. is the fact that there’s a lot of fake and similar websites out there, with the purpose of scamming people of their money, so y’all should be careful out there!!. to be on a safer side you can simply visit www.pipfarm.com to access their official website.
My Results(Payout Screenshots)
And like I said I would; here are my payouts(screenshots) that I’ve received for the past 2 months.
The above images shows the screenshot of my first month payout from PipFarm, So for the first month I was able to come up with $558, actually your first payout can be initiated after 3 days from your first trade. So I actually withdrew this one after a week because I prefer to stall my withdrawal till it looks big enough for me.
The above images shows the screenshot of my second payout from PipFarm, So that same month towards the ending. I was able to come up with $673.
The above images shows the screenshot of my third payout from PipFarm for the, So for the 3rd payout that was the second month I was able to come up with $1,235 and still counting…
My Final Recommendation: Yes, I’d recommend you go ahead and sign up with PipFarm, its perfectly giving a positive return it’ll surely do the same for you as long as you follow the rules and a have a good risk management plan, to avoid blowing up your account.
And now that I’ve shared with you guys all the basic things you need to know before making a decision about Pipfarm, after considering the PRO, CON and My Payouts I believe its up to you now to weigh your options and decide if Pipfarm is good enough for you or not.
Meanwhile, like I mentioned earlier if you find this review encouraging enough to sign up with PipFarm, then I’d recommend you CLICK HERE to go to their official website which is also a coupon link which would save you a lot of money, ensure to use the link at access the discount offer.
This is basically what I do; I test out platforms such as PipFarm prop firm and I come back here to give you an honest review, therefore if you find this review interesting I’d appreciate if you gave me a clap to this article as that would encourage me to do more reviews like this one.
STAY SAFE! see you on the next one.
