The following activities are strictly forbidden:
Insider trading and use of non‑public information — Entering, managing, or closing positions based on material non‑public information, confidential data, or any information obtained in breach of a duty of trust or confidence (including, but not limited to, inside information from employers, clients, counterparties, or service providers) is strictly prohibited. Traders must only trade on information that is lawfully obtained and generally available to the public under applicable market‑abuse, insider‑dealing, and securities laws. Any suspicion that a Pipster account is being used to trade on inside or otherwise non‑public information may result in immediate suspension, closure of all accounts, invalidation of trades, and notification of relevant authorities where required.
Inconsistent Strategy Between Phases — Materially altering your trading style or risk profile after transitioning from a Challenge Account to a Funded Account in a manner inconsistent with the behaviour used to satisfy the Evaluation criteria. This includes, without limitation: significantly increasing typical position size or overall exposure relative to the Challenge phase; switching from predominantly medium or long‑term trading to ultra‑short‑term scalping; concentrating trading in products, sessions, or patterns that were not used during the Evaluation for the purpose of exploiting perceived platform, liquidity, or pricing differences; or otherwise trading in a way that does not reflect the risk management, consistency, and discipline demonstrated during the Challenge.
Latency / price‑feed arbitrage — Using delays, discrepancies or glitches between data feeds, price streams, or execution venues to capture risk‑free profits (e.g. latency arbitrage, bad‑tick exploitation, misquote abuse, or trading solely on off‑platform price leads).
High‑frequency / tick scalping and server spamming — Placing an abnormally high number of ultra‑short‑term trades (often opened and closed within seconds), tick‑scalping at unsustainable speeds, or sending excessive orders/requests that overload or “spam” the trading server.
Gap, news‑gap and toxic‑flow strategies — Systematically targeting gaps or illiquid moments (e.g. just at market open/close or after major news) purely to exploit temporary pricing or execution anomalies (gap trading, news gaps, or other “toxic flow” patterns).
Hedging and opposite‑direction account structures — Opening long and short positions on the same symbol in the same or related accounts, or running opposite strategies across multiple accounts (including accounts held by different people) to create a net risk‑free position for the group.
Account arbitrage and multi‑account abuse — Coordinated trading between two or more accounts to manufacture artificial results, including account mirroring, reverse trading between accounts, account churning, or any structure where one account is intentionally sacrificed to benefit another.
Abusive copy trading and trade‑for‑hire — Managing or trading other users’ accounts without permission from Pipster, selling or renting strategies tied directly to evaluation/funded accounts, or participating in large copy‑trading networks that replicate identical trades across many accounts to gain an unfair advantage.
Unapproved Expert Advisors (EAs), bots, or automation — Using third‑party/off‑the‑shelf EAs, arbitrage bots, latency tools, or any automated system whose primary purpose is to exploit execution, feed, latency, or news gaps; only approved tools used purely for risk or trade management are permitted.
Exploiting technical issues or platform errors — Trading that relies on obvious technical problems, such as wrong prices, frozen quotes, platform outages, incorrect swaps/commissions, or any other execution anomaly, instead of genuine price movement.
Martingale, grid, or similar progressive strategies — Employing strategies that involve progressively increasing position sizes after losses (e.g., Martingale doubling), placing orders at fixed price intervals to average into positions (grid trading), or any similar systems that escalate risk exposure in an attempt to recover losses, as these promote unsustainable gambling-like behavior.
Abnormal or gambling‑style risk taking — Position sizing, exposure, or trade frequency that is clearly inconsistent with normal trading behaviour and is used solely to game the evaluation model (e.g. repeated all‑in trades, extreme one‑off position sizes, or stacking highly correlated positions to circumvent risk limits).
Any activity that falls into the spirit of these examples may be treated as a prohibited trading practice, even if not explicitly listed. Violations can result in trade invalidation, removal of profits, failure of evaluations, termination of funded accounts, and permanent restriction from future Pipster programs.