XPIPS Review: Plans, Rules, and How It Compares
XPIPS is a proprietary trading firm registered in the United Arab Emirates, offering simulated-capital CFD evaluations on MetaTrader 5. The firm does not publish a founding date on its About page, so we record its establishment date as unknown rather than estimate one. Its own terms describe the service as entirely simulated: all accounts are demo accounts and no real-money trading is facilitated, with the terms governed by the laws of the United Arab Emirates and a contact address in Dubai Silicon Oasis.
Traders choose between three routes: a 1-Step Evaluation, a 2-Step Evaluation and Instant Funding. Reward splits are 85% on the 1-Step route, 80% on the 2-Step and 65% on Instant Funding, rising to 100% from the third scale-up. The headline commercial terms are a one-time fee described as 100% refundable and returned with the first payout, no time limit on any evaluation phase, and payouts in cryptocurrency with a $100 minimum. As of 2026-08-21 the firm's TrustPilot profile carried a 3.0 rating from 286 reviews.
Plans and pricing
We list two of the firm's three routes. The 2-Step Evaluation runs across six account sizes and the Instant Funding route across five. Both ladders were re-verified against the firm's own checkout on 2026-08-21. The Instant Funding prices were reduced since our previous check: the same five programs previously carried list prices of $89, $149, $269, $479 and $749.99.
| Route | Account size | List price | Profit target | Maximum drawdown | Reward split |
|---|---|---|---|---|---|
| 2-Step Evaluation | $5,000 | $49 | 8% then 5% | 10% | 80% |
| 2-Step Evaluation | $10,000 | $99 | 8% then 5% | 10% | 80% |
| 2-Step Evaluation | $25,000 | $199 | 8% then 5% | 10% | 80% |
| 2-Step Evaluation | $50,000 | $349 | 8% then 5% | 10% | 80% |
| 2-Step Evaluation | $100,000 | $549.99 | 8% then 5% | 10% | 80% |
| 2-Step Evaluation | $200,000 | $989 | 8% then 5% | 10% | 80% |
| Instant Funding | $5,000 | $49 | None | 6% | 65% |
| Instant Funding | $10,000 | $69 | None | 6% | 65% |
| Instant Funding | $25,000 | $139 | None | 6% | 65% |
| Instant Funding | $50,000 | $229 | None | 6% | 65% |
| Instant Funding | $100,000 | $399 | None | 6% | 65% |
At the time of checking, the code SUMMER was shown as applied at checkout and reduced the listed price by 60%. Several paid add-ons are sold alongside the program on the same screen: on the Instant Funding route, a reward-split upgrade from 65% to 80% costs an additional 25% of the program price, bi-weekly payouts cost a further 25%, increased leverage of 1:50 costs 15%, and a reset add-on that allows the challenge to be restarted after a failure costs 40% of the program price. On the 2-Step route the add-ons offered are a refund-fee upgrade at 15%, bi-weekly payouts at 25% and increased leverage of 1:100 at 15%.
The firm also advertises a 1-Step Evaluation and a Pay After Pass payment model at checkout. We do not list per-plan figures for the 1-Step route, and the reason is explained in the next section.
Rules and risk limits
XPIPS publishes different daily-loss and maximum-loss figures in different first-party places: its public rules page, the display text in its program catalog and the numeric risk configuration behind that same catalog do not agree. We publish only the two maximum-drawdown values on which two independent sources agree, which are 10% on the 2-Step route and 6% on Instant Funding. Every daily-loss figure and the whole 1-Step ladder are left blank rather than guessed.
Where the firm's documentation is consistent, the rules are as follows. There is no time limit on any evaluation phase. The minimum number of trading days is 3 on the evaluation routes and 5 on Instant Funding. Leverage is 1:30 on the 1-Step route and 1:50 on the 2-Step and Instant routes. Expert Advisors are permitted, and scalping is permitted, though tick scalping, latency arbitrage and high-frequency trading are listed under prohibited practices. Weekend holding and overnight holding are both allowed. Copy trading and martingale strategies are not allowed.
News trading is unrestricted during the evaluation phases. On a funded account, profits from trades opened or closed within 10 minutes of a high-impact news event may be removed, while trades simply held through a news event are unaffected. An account with no trades for 30 consecutive days is automatically marked as breached, with a warning email sent after 15 consecutive days of inactivity; that warning does not extend the 30-day window.
Hedging is worth calling out because the firm contradicts itself on it. The public trading-rules page states that hedging within the same account is permitted, while the help centre lists hedging across accounts or within the same account under prohibited practices punishable by immediate disqualification. We record it as prohibited, because the help-centre article is the enforcement document and is the more specific of the two.
On funded accounts a 30% Profit Consistency Score applies: no single trade or trading day may contribute more than 30% of the requested payout. Exceeding it is not treated as a breach, but the excess profit is removed from the payout calculation and the score must be met to qualify. A separate lot-size consistency rule is published as its own help-centre article.
Payouts and scaling
The payout cycle runs from the date of the first trade rather than from account creation. The first payout falls 30 calendar days after the first trade, the second 21 calendar days after that, and every 14 calendar days thereafter. Calendar days include weekends, and inactive days do not delay the cycle. Payouts are made in cryptocurrency, carry a $100 minimum and no processing fee, and are processed in 1 to 2 business days. Payout eligibility also requires the program's minimum trading days to be complete, each trading day to meet a minimum 0.5% profit requirement, and no open trades at the time of the request.
The scaling plan increases the account size by 30% every 3 months, subject to profitability in at least 2 of 4 months totalling at least 10%, at least 2 processed payouts and a break-even-or-better balance at the point of scale-up. From the third scale-up the reward split becomes 100%. The firm states no upper balance limit on the scaling plan, though the maximum simulated capital figure it advertises is inconsistent: the checkout screen states $300,000 while the homepage has stated $400,000.
Pros and cons
Pros
- No time limit on any evaluation phase, and a low minimum of 3 trading days on the evaluation routes.
- The program fee is stated as 100% refundable and returned with the first payout, and the minimum withdrawal is $100 with a stated processing time of 1 to 2 business days.
- Expert Advisors, scalping, weekend holding and overnight holding are permitted, and news trading is unrestricted during the evaluation phases.
Cons
- Daily-loss and maximum-loss limits are published in three mutually inconsistent versions across the firm's own sources, so a trader cannot establish from the firm's documentation which figure governs their account.
- Hedging is described as permitted on the public rules page and as grounds for immediate disqualification in the help centre.
- Payouts are crypto-only, and the 65% split on the Instant Funding route is below the 80% on the 2-Step route unless the paid add-on is purchased at a further 25% of the program price.
How it compares
The closest like-for-like comparison is a $100,000 two-step CFD evaluation, where the structure is near-identical across several established firms. All four programs below use an 8% first-phase target and a 10% maximum drawdown.
| Firm | $100K 2-Step price | Reward split | Maximum drawdown | TrustPilot |
|---|---|---|---|---|
| XPIPS | $549.99 | 80% | 10% | 3.0 |
 FundedNext | $529.99 | Up to 95% | 10% | 4.5 |
 The5ers | $545 | 80%-100% | 10% | 4.7 |
 Funding Pips | $529 | 60-100% | 10% | 4.5 |
On this comparison XPIPS is the highest-priced of the four at list price, carries the lowest ceiling on its reward split, and holds the lowest TrustPilot rating. The 60% SUMMER discount changes the price picture materially while it remains available, but a discount code is not a permanent term and the three comparators run their own promotional pricing. Where XPIPS does differentiate is at the entry end of its ladder: a $5,000 two-step evaluation at $49 and a $5,000 Instant Funding account at the same $49 are low absolute outlays, and the Instant route removes the profit-target requirement entirely in exchange for the lower 65% split and a tighter 6% maximum drawdown.
Verdict
XPIPS is a reasonable fit for traders who want a long-running evaluation with no time limit, who intend to trade with Expert Advisors or hold positions over weekends, and who are comfortable being paid in cryptocurrency on a 30, 21 then 14 calendar-day cycle. The small account sizes at $49 make it inexpensive to test the platform before committing to a larger ladder.
The reservation is a documentation one rather than a pricing one. A trader needs to know the exact daily-loss figure that will breach their account before they place a trade, and XPIPS currently publishes three different answers to that question across its own rules page, its catalog display text and its underlying risk configuration, with a direct contradiction on hedging alongside it. Anyone considering a purchase should get the applicable daily-loss limit and the hedging position confirmed in writing by support first, and keep that confirmation. Traders who want those limits stated unambiguously up front will find the comparators above clearer on this point.
All pricing, rules and payout figures in this review were verified against XPIPS's own checkout and documentation on 2026-08-21. Figures the firm publishes inconsistently are recorded as unknown rather than estimated.
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