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Challenge Comparison Tool

Select up to 3 firms to compare their challenges, rules, and pricing side by side.

Next Level Funded Next Level Funded
Pipstone Capital Pipstone Capital
Overview
Asset Type CFD CFD
Country Australia United Arab Emirates
Established Nov 2024 Jan 2025
Technology White-Label White-Label
Platforms Match Trader, MT5, TradeLocker cTrader, MT5
Trading Rules
Profit Split 100% (Instant Funding & Instant Pro); 50% on Special Account Best Up to 100%
Daily Drawdown 4% on Instant Funding (1-Step & 2-Step); 3% on Instant Pro & Special Account 3% (Instant), 4% (1-Step), 5% (2-Step)
Payout Frequency On-Demand
Withdrawals processable instantly on dashboard 14 days after first trade; 7-Day Reward Cycle on standard Instant Funding accounts; One-Time payout on Special Account
Varies by model (Bi-weekly 1-Step, Weekly 2-Step, On Demand Instant)
1-Step funded: Bi-weekly; 2-Step funded: Weekly; Instant Funding: On Demand
Direct Path to Funded ✗ No ✗ No
Reviews & Reputation
Review Count 0 reviews 0 reviews
Avg. Rating No ratings yet No ratings yet
Pros & Cons
Main Benefits
  • Up to 100% profit split; on-demand payouts processable from dashboard; instant funding model with no evaluation phases; unlimited trading days; weekend & news trading permitted; EAs / bots allowed; Top Up feature lets funded traders restore balance after drawdown; Match-Trader / MT5 / TradeLocker support; scaling plan up to $1M; account sizes from $5K up to $200K (instant) and special $10/$25 accounts for beginners
  • 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
Main Drawbacks
  • New firm (established Nov 2024 in Australia); not regulated as a broker (operates simulated-trading model under Next Lvl Funded PTY LTD, company no. 685007710); TrustPilot 4.2 across 403 reviews but mixed user reports cite hidden rule disputes (undisclosed minimum hold-time on some accounts) and KYC delays; Special Account caps profit split at 50% and uses one-time payout cycle; trailing drawdown on 1-Step and Instant Pro tracks higher of balance or equity
  • 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
Offers & Promo Codes
Active Offers
50% off all challenges + 1 FREE $25K Instant Pro Account 1YEAR
No offers

Challenge Details

Next Level Funded Challenges

20 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$10 $10K Instant P1: $250 (2.5%)
P1: $300 (3%)
P1: $500 (5% Trailing)
50% None
$25 $25K Instant P1: $625 (2.5%)
P1: $750 (3%)
P1: $1250 (5% Trailing)
50% None
$54 $27 $5K 2 Steps P1: $400 (8%)
P2: $300 (6%)
P1: $200 (4%)
P2: $200 (4%)
P1: $400 (8% Static)
P2: $400 (8% Static)
100% None
$59 $29 $5K 1 Step P1: $550 (11%)
P1: $200 (4%)
P1: $350 (7% Trailing)
100% None
$59 $29 $5K Instant P1: None (Instant Funded)
P1: $150 (3%)
P1: $300 (6% Trailing)
100% None
$84 $42 $10K 2 Steps P1: $800 (8%)
P2: $600 (6%)
P1: $400 (4%)
P2: $400 (4%)
P1: $800 (8% Static)
P2: $800 (8% Static)
100% None
$99 $49 $10K 1 Step P1: $1,100 (11%)
P1: $400 (4%)
P1: $700 (7% Trailing)
100% None
$99 $49 $10K Instant P1: None (Instant Funded)
P1: $300 (3%)
P1: $600 (6% Trailing)
100% None
$209 $104 $25K 2 Steps P1: $2,000 (8%)
P2: $1,500 (6%)
P1: $1,000 (4%)
P2: $1,000 (4%)
P1: $2,000 (8% Static)
P2: $2,000 (8% Static)
100% None
$229 $114 $25K 1 Step P1: $2,750 (11%)
P1: $1,000 (4%)
P1: $1,750 (7% Trailing)
100% None
$239 $119 $25K Instant P1: None (Instant Funded)
P1: $750 (3%)
P1: $1500 (6% Trailing)
100% None
$309 $154 $50K 2 Steps P1: $4,000 (8%)
P2: $3,000 (6%)
P1: $2,000 (4%)
P2: $2,000 (4%)
P1: $4,000 (8% Static)
P2: $4,000 (8% Static)
100% None
$349 $169 $50K 1 Step P1: $5,500 (11%)
P1: $2,000 (4%)
P1: $3,500 (7% Trailing)
100% None
$459 $229 $50K Instant P1: None (Instant Funded)
P1: $1,500 (3%)
P1: $3,000 (6% Trailing)
100% None
$559 $279 $100K 2 Steps P1: $8,000 (8%)
P2: $6,000 (6%)
P1: $4,000 (4%)
P2: $4,000 (4%)
P1: $8,000 (8% Static)
P2: $8,000 (8% Static)
100% None
$599 $299 $100K 1 Step P1: $11,000 (11%)
P1: $4,000 (4%)
P1: $7,000 (7% Trailing)
100% None
$739 $369 $100K Instant P1: None (Instant Funded)
P1: $3,000 (3%)
P1: $6,000 (6% Trailing)
100% None
$979 $489 $200K 2 Steps P1: $16,000 (8%)
P2: $12,000 (6%)
P1: $8,000 (4%)
P2: $8,000 (4%)
P1: $16,000 (8% Static)
P2: $16,000 (8% Static)
100% None
$1039 $519 $200K 1 Step P1: $22,000 (11%)
P1: $8,000 (4%)
P1: $14,000 (7% Trailing)
100% None
$1199 $599 $200K Instant P1: None (Instant Funded)
P1: $6,000 (3%)
P1: $12,000 (6% Trailing)
100% None

Pipstone Capital Challenges

14 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$49 $5K Instant P1: No limit
P1: 5% | $250
P1: 10% | $500 (Static)
80% None
$121 $10K 2 Steps P1: 8% | $800
P2: 5%
P1: 5% | $500
P2: 5% | $500
P1: 10% | $1,000 (Static)
P2: 10% | $1,000 (Static)
80% None
$130 $10K 1 Step P1: 10% | $1,000
P1: 4% | $400
P1: 8% | $800 (Static)
80% None
$142 $25K Instant P1: No limit
P1: 3% | $300
P1: 5% | $500 (Trailing)
80% None
$180 $5K 1 Step P1: 10% | $500
P1: 4% | $200
P1: 8% | $400 (Static)
80% None
$192 $5K 2 Steps P1: 8% | $400
P2: 5%
P1: 5% | $250
P2: 5% | $250
P1: 10% | $500 (Static)
P2: 10% | $500 (Static)
80% None
$217 $25K 2 Steps P1: 8% | $2,000
P2: 5%
P1: 5% | $1,250
P2: 5% | $1,250
P1: 10% | $2,500 (Static)
P2: 10% | $2,500 (Static)
80% None
$253 $25K 1 Step P1: 10% | $2,500
P1: 4% | $1,000
P1: 8% | $2,000 (Static)
80% None
$314 $50K 2 Steps P1: 8% | $4,000
P2: 5%
P1: 5% | $2,500
P2: 5% | $2,500
P1: 10% | $5,000 (Static)
P2: 10% | $5,000 (Static)
80% None
$319 $50K Instant P1: No limit
P1: 3% | $750
P1: 5% | $1,250 (Trailing)
80% None
$375 $100K 2 Steps P1: 8% | $8,000
P2: 5%
P1: 5% | $5,000
P2: 5% | $5,000
P1: 10% | $10,000 (Static)
P2: 10% | $10,000 (Static)
80% None
$386 $50K 1 Step P1: 10% | $5,000
P1: 4% | $2,000
P1: 8% | $4,000 (Static)
80% None
$541 $100K Instant P1: No limit
P1: 3% | $1,500
P1: 5% | $2,500 (Trailing)
80% None
$621 $100K 1 Step P1: 10% | $10,000
P1: 4% | $4,000
P1: 8% | $8,000 (Static)
80% None