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Launching March 2, 2026 at 9:00 AM UK Time

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Trading Challenges & Instant Funding The Professional Choice.

Access instant funding and prop trading challenges with institutional-grade technology, coaching, and market analysis

Launching March 2, 2026
00
Days
00
Hours
00
Mins
00
Secs
Join Waitlist
~1h
Avg. payout
time
170+
Countries
served
24/7
Human
support
Disciplined trader

Limited offer: Use code LAUNCH20 for 20% off.

LAUNCH20
The Pipster team
Morgan Stanley
RBC
UBS
MUFG
State Street

London-based Prop Trading Firm for Ambitious Funded Traders.

We're a London-based team of analysts, traders, engineers, and quants building a focused platform for traders who take evaluations seriously.

The goal is simple: deliver institutional-grade risk management, insight, and clear market analysis, without the noise. Transparent rules, fast payouts, and a platform built for disciplined execution.

  • Real-time risk, performance, and payout tracking for your funded accounts
  • Built for transparency, fairness, and trader trust at every stage of evaluation and funding
  • Market insights and playbooks from professional analysts to support consistent execution
  • Data-driven features to sharpen your edge and keep your trading disciplined over time
Our story

Choose your challenge

Clear rules, measured risk, and predictable payouts. Start earning rewards.

Get Funded

Pick your challenge or get funded instantly and start earning rewards.

Selected size: $25,000
TRACK
1 - Phase
ACCOUNT SIZE
$25,000
BASE FEE
$275
DISCOUNT
−20%
TODAY
$220
$275
You save $55
  • Clear rules, no gimmicks
  • Live risk management
  • Get paid. On time. Every time

Rules at a Glance

PROFIT TARGET
Single phase: 10% ($2,500)
MIN TRADING DAYS
5 days
MAX DAILY LOSS
4% ($1,000)
MAX OVERALL LOSS
8% ($2,000)
LIVE ACCOUNT - MAX DAILY LOSS
5% ($1,250)
LIVE ACCOUNT - MAX OVERALL LOSS
8% ($2,000)
NEWS TRADING
Permitted
WEEKEND HOLDING
Allowed
FIRST PAYOUT
7 days
PROFIT SPLIT
Up to 90%

From the Pipster desk

Practical notes on risk, evaluation, and professional execution.

From Wall Street desks to Discord
Industry
Dec 31, 2025•10 min

From Wall Street desks to Discord

How prop trading moved from bank floors to bedroom traders—and where Pipster fits in.

TFThe Pipster FoundersRead article →
The Market Shift You've Been Feeling
Market Analysis
Jan 26, 2026 • 7 min

The Market Shift You've Been Feeling

Why the market doesn't feel the same anymore—and what the macro signals are telling us.

TDThe Pipster DeskRead →
2026 Macro Playbook for Prop Traders
Playbook
Jan 5, 2026 • 8 min

2026 Macro Playbook for Prop Traders

Liquidity, disinflation, and turning geopolitics into opportunity.

TDThe Pipster DeskRead →
Explore all articles from Pipster Research & Ops.
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Frequently asked questions

A quick peek at the most asked questions. See the full FAQ for details.

What is Pipster?
Pipster is a proprietary trading firm for traders who want to treat trading like a real profession, refining their edge, becoming consistently profitable, and working toward full-time trading with firm capital and professional-level resources.
How does the evaluation work?
Our evaluation process operates entirely in a simulated trading environment. We offer three challenge types: One Phase Challenge (10% target profit, 4% daily drawdown, 9% max drawdown, 5 min trading days, 60-day limit), Two Phase Challenge (Phase 1: 10% target, 4% daily, 8% max drawdown, 5 days, 60-day limit; Phase 2: 5% target, 5% daily, 10% max drawdown, 3 days, 60-day limit), and Funded Account (Instant) which bypasses evaluation with 3% daily drawdown and 10% trailing max drawdown.
What are the minimum trading days?
Pipster Lite: 3 minimum trading days in each phase. Pipster Pro: 3 minimum trading days total. Weekends allowed unless otherwise restricted by your strategy or platform’s session.
What are the loss limits?
Loss limits vary by challenge type. Daily Drawdown: One Phase 4% (eval) / 5% (funded), Two Phase 4% (P1) / 5% (P2 & funded), Funded Account 3%. Maximum Drawdown: One Phase 9% (eval, static) / 8% (funded, static), Two Phase 8% (P1, static) / 10% (P2 & funded, static), Funded Account 10% (trailing, stops at 96% threshold). Breaching either limit results in evaluation failure or funded account termination.
When and how do I get paid?
Simulated payout eligibility is calculated bi-weekly. Requirements: complete minimum trading days (5 by default), maintain positive simulated profit, comply with all rules, meet minimum payout amount ($100), and adhere to consistency rule (no single day can represent more than 15% of total profit). Profit split is 80-90% depending on your challenge configuration.
Are fees refundable?
Your evaluation fee is credited/refunded on pass per plan terms. If you used a promo code (e.g., LAUNCH20), the net paid amount is credited. Resets and second-chance options are available.
View all FAQs