Frequently asked questions

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.

Pipster is for retail traders at any level who want to improve, prove they can be consistently profitable, and open the door to full-time professional trading.

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.

Minimum trading days vary by challenge type: One Phase Challenge requires 5 days in evaluation. Two Phase Challenge requires 5 days in Phase 1 and 3 days in Phase 2. Funded Account (Instant) has no minimum for evaluation. All Funded Accounts require 5 minimum trading days before payout eligibility. A trading day is counted when you execute at least one trade on that calendar day.

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.

News trading is allowed, except for bracket strategies placed around news releases. You can hold open trades during news events, but cannot execute new orders within 5 minutes before or after high-impact news releases (per Forex Factory Calendar). Violating this rule may result in profit removal or account termination.

During the 1-Step or 2-Step Challenge, you do not need to close positions overnight or over the weekend. However, once you become a Pipster Funded Trader (or purchase an Instant Funded Account), you must close all open positions before the market closes for the weekend.

Prohibited practices include: latency/price-feed arbitrage, high-frequency tick scalping and server spamming, gap and news-gap strategies, hedging across accounts, account arbitrage and multi-account abuse, abusive copy trading, unapproved EAs/bots, exploiting technical issues, Martingale/grid strategies, and abnormal gambling-style risk taking. Violations can result in trade invalidation, profit removal, evaluation failure, or account termination.

Most conventional strategies are allowed: scalping, intraday, swing, and position trading, both discretionary and systematic. EAs and trade-management tools are permitted for legitimate purposes. You may hedge within your account for genuine risk management. Any coordinated activity between accounts creating risk-free positions is prohibited.

Copy trading is not allowed on Pipster. Our purpose is to help traders develop into confident, self-sufficient traders who can analyse markets, build their own strategies, and manage risk independently.

High-frequency trading (HFT) is not allowed on Pipster accounts, as it falls under prohibited high-frequency/tick-scalping and server-spamming behaviours.

No. Martingale, grid, and similar doubling-down strategies are not allowed as they fall under abnormal or gambling-style risk taking. Standard strategies that scale in/out modestly with clear stop-losses and defined maximum risk per idea are acceptable.

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.

You can withdraw via RISE or directly through cryptocurrency.

Your evaluation fee is credited/refunded according to the specific plan terms you selected at purchase.

Pipster (Data Vantix Ltd) is not authorised or regulated by any financial services regulator, including the Financial Conduct Authority (FCA). We do not hold or require any financial services licence, as our services do not constitute regulated financial activities under UK law.

No. Pipster's services do not constitute gambling, betting, or gaming activities as defined under UK law. Our platform is a technology service providing data analytics, software tools, and simulated environments for informational and educational purposes only.

When you purchase a Pipster account, you're getting access to a simulated trading environment. We use real-time market data to create authentic trading conditions—accurate prices, spreads, and market depth. No real money or live trades are involved.

Payouts received through Pipster may constitute taxable income under the laws of your jurisdiction. You are solely responsible for understanding and complying with your tax obligations. Pipster does not provide tax advice. Please consult a qualified tax professional.

Match-Trader with MT5 coming soon.

Live Chat – Any time 24/7. Email – support@pipster.io

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