Pipcy Review: Plans, Rules, and How It Compares

Pipcy is a proprietary trading firm selling simulated-account evaluations from the United Arab Emirates, across CFD instruments. It runs two separate programme families rather than one: Pipcy Classic, a conventional dollar-balance evaluation, and Pips Mastery, a pip-scored evaluation the firm markets as an industry first. Neither carries a daily loss limit, a trailing drawdown or a time limit, which is the single structural feature that separates Pipcy from most of the CFD firms we track. Pipcy does not publish an incorporation date or a launch date anywhere on its site, so we record its age as unknown rather than estimate it. Its listed founder is Omer Ben Matityahu, named as CEO and Founder on the firm's own about page. Trading runs on MetaTrader 5 and on an in-house Pipcy Trading Platform. This review is built entirely from Pipcy's own published pages and its TrustPilot profile.

Plans and pricing

Pipcy sells 24 challenge configurations: four models across six account sizes from $2,500 to $100,000. Pipcy Classic comes as a One-Step with an 18% profit target, or a Two-Step with a 12% target in phase one followed by 6% in phase two. Pips Mastery is scored in net pips instead of dollars, with a fixed lot size tied to the account balance: the X2 model targets 500 pips and the X3 model targets 750 pips, both against a 250-pip maximum loss. Every model requires a minimum of 3 trading days.

Entry pricing starts at $21 for the Pips Mastery X3 at the $2,500 size. The $100,000 tier runs from $415 for Pips Mastery X3 up to $649 for Pipcy Classic One-Step. At the time of writing the firm runs an Endless Summer Offer taking 35% off every challenge with the code SUMMER35, open to new and existing users alike, and offers a free trial before purchase.

A $5K tier also exists across all four models, priced from $31 to $64. Classic accounts trade forex majors and minors, cryptocurrencies, indices and commodities; Pips Mastery is restricted to 28 forex pairs. Pipcy applies zero commission on cryptocurrencies, indices and commodities, and offers a swap-free option.

Rules

The drawdown model is static and absolute. On Pipcy Classic the balance may not fall below 12% of the cycle's initial size; on Pips Mastery the limit is 250 pips. There is no daily loss limit on any model, no trailing drawdown, and no time limit on any current challenge. That combination is uncommon: a 12% absolute maximum loss is one of the widest overall loss allowances published in the sector, and removing the daily limit means a single losing day cannot end an account on its own.

News trading is permitted across all Challenge and funded accounts under Terms of Service section 14.1.9 and the FAQ. Note that Pipcy's own blog comparison table still says news trading is not permitted on Pipcy Classic, contradicting three other pages the firm publishes; the firm replied to a TrustPilot review on 16 July 2026 saying news trading had just been allowed under updated rules, which suggests the blog table is stale rather than the FAQ being wrong. Overnight and weekend holding are both allowed with no restriction on trades outside normal market hours, though gap risk sits with the trader, and opening a position two hours or less before a market closes for two hours or longer is prohibited as gap trading.

Prohibited practices include martingale strategies, grid trading, latency arbitrage and every other form of arbitrage, platform exploitation, high-frequency trading, copy trading between two Pipcy accounts, group trading across connected accounts, third-party account management, tick scalping, and over-leveraging. Ordinary scalping is neither explicitly permitted nor explicitly banned on any page Pipcy publishes, so we record it as not published rather than infer an answer. Hedging and copy trading from outside sources are allowed. A trader may hold only 1 funded account and 3 challenge accounts, and fees are non-refundable once simulated trading begins.

Payouts and the Growth Plan

The profit split starts at 50% and reaches 95% only at the ninth level of the Growth Plan. Each scale-up requires 25% accumulated profit left in the account and at least 90 calendar days. On Pipcy Classic each approved scale-up raises the balance by 50%, taking a $100,000 account as far as $3,000,000 by level 9, with no scaling fees; on Pips Mastery every 700 accumulated pips raises the fixed lot size by 50%.

The first Reward Payment can be requested 14 calendar days after the first trade, and requires at least 5% realized profit, at least 5 Active Trading Days, no open positions and a successful Compliance Review. After that, payments can be requested every 7 calendar days. The minimum is $100, processing is stated as within 48 hours, and partial withdrawals are allowed with remaining eligible profit staying in the account. KYC is required only before the first Reward Payment, not at purchase. One mechanic is worth knowing in advance: requesting a payment during a Growth Cycle resets scale-up progress and starts a new cycle, and reaching 25% realized profit pauses the account until the trader chooses between taking a payment and scaling up. Pipcy does not publish which withdrawal methods it supports anywhere on its site.

Pros and cons

In its favour:

• No daily loss limit and no trailing drawdown on any of the four models, with a 12% absolute maximum loss on Pipcy Classic and no time limit on any challenge.
• News trading, overnight holding and weekend holding are all permitted on every Challenge and funded account.
• Payouts every 7 calendar days after the first one, processed within 48 hours, with a $100 minimum and a free trial available before any purchase.

Against it:

• Pipcy states plainly that it is not regulated by the FCA, ASIC or CySEC, and publishes no incorporation or launch date.
• The profit split starts at 50%; the advertised 95% is the ninth Growth Plan level, and each step needs 25% accumulated profit held for at least 90 calendar days.
• No withdrawal method is published anywhere on the site, the firm's own blog contradicts its FAQ on news trading, and the TrustPilot profile carries only 42 reviews, so there is little long-run payout evidence either way.

How it compares

Set against three established CFD firms at the same $100,000 account size and the same two-step structure, Pipcy is the most expensive of the four and asks for the largest profit target, in exchange for the widest loss allowance and the only structure without a daily limit.

The trade is explicit rather than hidden. Funding Pips and FundedNext both ask a lower target at a lower price, but both enforce a 5% daily loss limit that Pipcy does not have. FTMO is the cheapest of the four at $439 with a 10% target, again against a 5% daily limit. The other difference is track record: those three carry a 10 trust score on our scale against Pipcy's 4.9, which reflects review volume and history rather than any specific finding against the firm. Pipcy's own TrustPilot rating is 4.3 from 42 reviews.

Verdict

Pipcy suits traders whose strategy is incompatible with a daily loss limit, or who hold through news and over weekends, since all three are permitted here and restricted at several cheaper firms. The Pips Mastery models are worth a look for forex-only traders who prefer a fixed lot size and a pip-scored target over a percentage balance rule. Traders who want the fastest route to a high split will find the Growth Plan slow by design, since 95% sits nine levels away with a 90-day minimum at each step, and the split begins at 50%. Anyone who weighs regulatory standing or a long payout record heavily should note that Pipcy is unregulated by its own statement, publishes no founding date, and has 42 TrustPilot reviews to its name. Our PropFirmMap score for Pipcy is 5.3 with a safety grade of C, driven mainly by the thin operating history rather than by any published rule.

Sources, all read during onboarding on 17 August 2026: pipcy.com, /challenges/classic, /challenges/pips-mastery, /challenges/growth, /faq, /terms-of-service, /about, /contact, and the firm's TrustPilot profile. Comparison figures for Funding Pips, FundedNext and FTMO are from their records on PropFirmMap.