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CFDUnited Arab Emirates
Pipstone Capital
Explore available platforms, evaluation programs and payout rules.
Visit official website- Score
- 5.5/10
- Safety grade
- D
- Founded
- Jan 2025
- Direct funding
- Not available
Read full company overview
Pipstone Capital is a proprietary trading firm that funds skilled traders through performance-based evaluation challenges without requiring personal capital. It offers three models: a 1-Step Challenge, a 2-Step Challenge, and an Instant Funding model, all traded on MT5 and cTrader. The firm advertises no consistency rules, up to 100% profit split, and refund of the evaluation fee on the first payout. Contact address listed as U.A.E.; founded 2025 by Umair Raja.
Profit split80% base (up to 100% via paid add-on)
PayoutsVaries by model (Bi-weekly 1-Step, Weekly 2-Step, On Demand Instant)
Platforms
Trading platforms supported by Pipstone Capital.
cTrader
Popular multi-asset platform for active traders.
MetaTrader 5 (MT5)
Trading platform supported by this firm.
Programs & evaluation
Choose from a range of evaluation programs with flexible profit splits and trading conditions.
- Profit split
- 80% base (up to 100% via paid add-on)
- Programs & evaluation
- Multiple programs (see official website)
1-Step $10K
- Account size
- $10K
- Profit target
- 10% | $1,000
- Drawdown model
- Static
2-Step $10K
- Account size
- $10K
- Profit target
- 8% | $800
- Drawdown model
- Static
View all 14 programs
Instant Funding $5K
- Account size
- $5K
- Profit target
- No limit
- Drawdown model
- Static
1-Step $5K
- Account size
- $5K
- Profit target
- 10% | $500
- Drawdown model
- Static
2-Step $5K
- Account size
- $5K
- Profit target
- 8% | $400
- Drawdown model
- Static
Instant Funding $25K
- Account size
- $25K
- Profit target
- No limit
- Drawdown model
- intraday_trailing
1-Step $25K
- Account size
- $25K
- Profit target
- 10% | $2,500
- Drawdown model
- Static
2-Step $25K
- Account size
- $25K
- Profit target
- 8% | $2,000
- Drawdown model
- Static
Instant Funding $50K
- Account size
- $50K
- Profit target
- No limit
- Drawdown model
- intraday_trailing
1-Step $50K
- Account size
- $50K
- Profit target
- 10% | $5,000
- Drawdown model
- Static
2-Step $50K
- Account size
- $50K
- Profit target
- 8% | $4,000
- Drawdown model
- Static
Instant Funding $100K
- Account size
- $100K
- Profit target
- No limit
- Drawdown model
- intraday_trailing
1-Step $100K
- Account size
- $100K
- Profit target
- 10% | $10,000
- Drawdown model
- Static
2-Step $100K
- Account size
- $100K
- Profit target
- 8% | $8,000
- Drawdown model
- Static
Payouts & rules
Get paid varies by model (bi-weekly 1-step, weekly 2-step, on demand instant) with a variety of methods and clear rules.
- Payouts & payments
- Multiple options (see official website)
- Payouts & payments
- Multiple options (see official website)
- Payouts
- Varies by model (Bi-weekly 1-Step, Weekly 2-Step, On Demand Instant)
- Payout frequency note
- 1-Step funded: Bi-weekly; 2-Step funded: Weekly; Instant Funding: On Demand
Payout rules
- Notes
- Evaluation fee is non-refundable unless you pass and get funded, in which case the entire fee is refunded with your first payout (once, on the compliant account used to request the first payout, with no violations or adjustments). Instant Funding requires 7 profitable days (>=0.5% daily growth) within a rolling 30-day window before qualifying, checked daily at 20:55 UTC.
- On Demand
- Yes
- Profit split
- 80% (per challenge FAQ); pricing page advertises up to 100%
- Payouts
- Varies by model: Bi-weekly (1-Step), Weekly (2-Step), On Demand (Instant Funding)
- Payout Schedule Note
- 1-Step funded payout Bi-weekly; 2-Step funded payout Weekly; Instant Funding payouts On Demand
- Consistency For Payout
- None (no consistency rule advertised)
- Fee Refunded On First Payout
- Yes
Trading rules
- Notes
- TrustPilot reviews repeatedly reference a 60-second minimum-trade-duration rule that can trigger payout deductions if two trades are closed under 60 seconds; this rule is not published in the scraped help-center articles, so it is left out of the structured booleans.
- Holding Note
- Instant Funding allows weekday and weekend trading plus holding over weekend.
- Max Leverage
- 1:50 (Instant and 1-Step), 1:100 (2-Step)
- Scaling Plan
- Funded accounts can scale up to $2,000,000 based on profit consistency.
- News Trading Note
- News trading is allowed across all models.
- Martingale Allowed
- Not allowed
- Allowed Instruments
- All instruments allowed
- Challenge Time Limit
- None (no time limit on any evaluation)
- Drawdown Type Funded
- Static (1-Step and 2-Step, fixed at starting balance in both evaluation and funded stages)
- News Trading Allowed
- Allowed
- Drawdown Model Funded
- static
- Prohibited Strategies
- Latency arbitrage, grid or martingale systems, reverse trading (opposite positions across multiple accounts to hedge), high-frequency algorithm abuse without human supervision, intentional server overload/manipulation
- Consistency Rule Funded
- None (no consistency rule enforced)
- Drawdown Type Challenge
- Static (1-Step and 2-Step); Instant $5K Static, Instant $25K+ Trailing
- Weekend Holding Allowed
- Allowed
- Drawdown Model Challenge
- static
- Overnight Holding Allowed
- Allowed
What stands out
Published advantages and trade-offs to review before choosing a program.
Key benefits
No consistency rules, refund of evaluation fee on first payout, up to 100% profit split, unlimited trading days, zero activation fee, MT5 and cTrader platforms, news trading allowed
Things to consider
60-second minimum trade duration rule (payout deductions if breached), TrustScore 2.1 with frequent payout-delay and BOGO-second-account complaints, trailing drawdown on Instant $25K+ accounts
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