Pipster Prop Firm Review – What You Need to Know in 2026

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.

The firm offers a variety of funding options, including simulated accounts and instant funding, to accommodate different trading styles and goals.

Pipster Best suited for:

Ideal for retail traders seeking to improve their skills.
Suitable for traders looking for flexible evaluation timelines.
Great for those wanting to trade with professional-level resources.
Attractive for traders interested in a high profit split.
Good for traders who prefer a simulated trading environment.

Overall rating:

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Pros of Pipster

Pros

Up to $100,000 in funded accounts available
80% profit split with potential to increase to 90%
Unlimited time to complete evaluation phases
Access to over 100 trading instruments

Cons

No regulation from financial authorities
Strict rules on risk management and trading strategies

How Does Pipster Work? (Step-by-Step Guide)

Complete one of the evaluation challenges to get funded.
Choose between a one-phase or two-phase challenge.
Bypass evaluation phases with the Instant Funded Account option.
Trade a variety of instruments across multiple asset classes.
Meet the minimum trading days requirement to qualify for withdrawals.

Pipster Account Types & Funding Options

One Phase Challenge with a 10% target profit.
Two Phase Challenge with varying profit targets.
instant funded Account with immediate access to capital.
Ability to hold up to two funded accounts simultaneously.
Profit split can be increased based on performance.
Access to competitive spreads and leverage options.

Profit Targets & Payouts

Standard profit split starts at 80%.
Potential to increase profit split to 90%.
Minimum trading days of 5 required for payouts.
Withdrawals can be requested weekly after 14 days.
Minimum withdrawal amount is $100.
Profit targets vary by challenge type.
Payouts are based on simulated trading profits.
Withdrawals are subject to KYC verification.

Leverage & Trading Conditions

Leverage up to 1:100 available for Forex.
Leverage varies by asset class.
Daily drawdown limits apply based on account type.
Strict risk management rules enforced.
No time limits for completing challenges.

Allowed & Restricted Trading Strategies

Allowed Trading Strategies

Scalping and intraday trading are permitted.
Swing trading and longer-term positions allowed.
Use of EAs and risk management tools is allowed.
Discretionary and systematic approaches are accepted.
Strategies should reflect genuine trading behavior.

Restricted Trading Strategies

High-frequency trading is prohibited.
Martingale and grid strategies are not allowed.
Copy trading is strictly forbidden.
News trading has specific restrictions.
Arbitrage and latency exploitation are banned.
Inconsistent trading strategies between phases are not permitted.

How Long Does It Take to Get Funded by Pipster?

No time limit to complete challenges.
Minimum trading days requirement of 5 for payouts.
Withdrawals can be requested weekly after 14 days.
Accounts considered inactive after 60 days without trading.
Fastest route: choose the Instant Funded Account — funded immediately with no evaluation.

How Long Has Pipster Been Around?

Pipster was launched in 2026 and is operated by Data Vantix Ltd, based in the United Kingdom. The firm aims to provide a professional trading environment for retail traders and has quickly gained recognition in the prop trading space.

Who Owns Pipster? (Founder & Company Background)

IC Funded is the proprietary trading division backed by IC Markets. Petros Kalaitzis was appointed General Manager and head of IC Funded in January 2026, after serving as Deputy CEO and Chief Strategy Officer at FunderPro. This leadership identification is supported by the January 2026 reports from FX News Group and Finance Magnates: https://fxnewsgroup.com/forex-news/retail-forex/ic-markets-hires-petros-kalaitzis-to-head-its-prop-trading-unit-ic-funded/

What Can You Trade with Pipster? (Supported Markets & Assets)

Traders can access a wide range of instruments including forex, indices, commodities, cryptocurrencies, and metals on the Match-Trader platform.

Does Pipster Offer Education & Trader Support? (Learning Resources & Coaching)

Pipster provides educational resources and support through its Academy, helping traders develop their skills and strategies.

How Good is Pipster's Customer Support? (Response Time & Availability)

Customer support is available 24/7 via live chat and email, ensuring traders can get assistance whenever needed.

Is Pipster a Scam or a Legit Prop Firm?

Pipster operates in a simulated trading environment and is not regulated by financial authorities, which may raise concerns for some traders.

While Pipster is not regulated, it aims to provide a fair trading environment with strict rules and risk management practices to protect traders.

Alternatives to Pipster – How It Compares

FTMO offers a regulated environment with a similar profit split structure, but requires a more rigorous evaluation process. Traders looking for a more traditional prop trading experience may prefer FTMO.
The 5ers provides funding opportunities with a focus on long-term growth and scaling plans, which may appeal to traders seeking gradual capital increases.
FundedNext has a straightforward evaluation process and competitive profit splits, making it a good alternative For Traders who want quick access to funding.

Final Verdict – Should You Trade with Pipster?

Pipster presents a unique opportunity for retail traders seeking to enhance their skills in a simulated environment, with flexible funding options and a high profit split. However, the lack of regulation and the simulated nature of trading may not suit everyone.

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