Pipcy
United Arab Emirates
Composite Trust Score
Multi-source aggregate of every verified trust signal we hold on Pipcy. Methodology →
Distrusted - multiple negative signals; treat with extreme caution.
| Price | Account Size | Account Name | Profit Target | Max Daily Loss | Max Drawdown | Profit Split | Activation Fee | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| $109 | $10K 1 Step | PIPCY Classic One-Step $10K | P1: 18% | P1: No daily drawdown limit on any Pipcy challenge model | P1: 12% | Up to 95% | Funded account up to $300k via the Growth Plan | Details | |
| $87 | $10K 2 Steps | PIPCY Classic Two-Step $10K | P1: 12% P2: 6% | P1: No daily drawdown limit on any Pipcy challenge model P2: No daily drawdown limit on any Pipcy challenge model | P1: 12% P2: 12% | Up to 95% | Funded account up to $300k via the Growth Plan | Details | |
| $65 | $10K 1 Step | Pips Mastery X2 $10K | P1: 500 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 0.20, funded lot size up to 1.60 | Details | |
| $45 | $10K 1 Step | Pips Mastery X3 $10K | P1: 750 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 0.20, funded lot size up to 1.60 | Details | |
| $64 | $5K 1 Step | PIPCY Classic One-Step $5K | P1: 18% | P1: No daily drawdown limit on any Pipcy challenge model | P1: 12% | Up to 95% | Funded account up to $150k via the Growth Plan | Details | |
| $49 | $5K 2 Steps | PIPCY Classic Two-Step $5K | P1: 12% P2: 6% | P1: No daily drawdown limit on any Pipcy challenge model P2: No daily drawdown limit on any Pipcy challenge model | P1: 12% P2: 12% | Up to 95% | Funded account up to $150k via the Growth Plan | Details | |
| $34 | $5K 1 Step | Pips Mastery X2 $5K | P1: 500 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 0.10, funded lot size up to 0.80 | Details | |
| $31 | $5K 1 Step | Pips Mastery X3 $5K | P1: 750 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 0.10, funded lot size up to 0.80 | Details | |
| $215 | $25K 1 Step | PIPCY Classic One-Step $25K | P1: 18% | P1: No daily drawdown limit on any Pipcy challenge model | P1: 12% | Up to 95% | Funded account up to $750k via the Growth Plan | Details | |
| $182 | $25K 2 Steps | PIPCY Classic Two-Step $25K | P1: 12% P2: 6% | P1: No daily drawdown limit on any Pipcy challenge model P2: No daily drawdown limit on any Pipcy challenge model | P1: 12% P2: 12% | Up to 95% | Funded account up to $750k via the Growth Plan | Details | |
| $119 | $25K 1 Step | Pips Mastery X2 $25K | P1: 500 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 0.50, funded lot size up to 4 | Details | |
| $109 | $25K 1 Step | Pips Mastery X3 $25K | P1: 750 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 0.50, funded lot size up to 4 | Details | |
| $349 | $50K 1 Step | PIPCY Classic One-Step $50K | P1: 18% | P1: No daily drawdown limit on any Pipcy challenge model | P1: 12% | Up to 95% | Funded account up to $1.5m via the Growth Plan | Details | |
| $309 | $50K 2 Steps | PIPCY Classic Two-Step $50K | P1: 12% P2: 6% | P1: No daily drawdown limit on any Pipcy challenge model P2: No daily drawdown limit on any Pipcy challenge model | P1: 12% P2: 12% | Up to 95% | Funded account up to $1.5m via the Growth Plan | Details | |
| $245 | $50K 1 Step | Pips Mastery X2 $50K | P1: 500 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 1, funded lot size up to 8 | Details | |
| $195 | $50K 1 Step | Pips Mastery X3 $50K | P1: 750 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 1, funded lot size up to 8 | Details | |
| $649 | $100K 1 Step | PIPCY Classic One-Step $100K | P1: 18% | P1: No daily drawdown limit on any Pipcy challenge model | P1: 12% | Up to 95% | Funded account up to $3m via the Growth Plan | Details | |
| $569 | $100K 2 Steps | PIPCY Classic Two-Step $100K | P1: 12% P2: 6% | P1: No daily drawdown limit on any Pipcy challenge model P2: No daily drawdown limit on any Pipcy challenge model | P1: 12% P2: 12% | Up to 95% | Funded account up to $3m via the Growth Plan | Details | |
| $445 | $100K 1 Step | Pips Mastery X2 $100K | P1: 500 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 2, funded lot size up to 16 | Details | |
| $415 | $100K 1 Step | Pips Mastery X3 $100K | P1: 750 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 2, funded lot size up to 16 | Details | |
| $36 | $2.5K 1 Step | PIPCY Classic One-Step $2.5K | P1: 18% | P1: No daily drawdown limit on any Pipcy challenge model | P1: 12% | Up to 95% | Funded account up to $75k via the Growth Plan | Details | |
| $25 | $2.5K 2 Steps | PIPCY Classic Two-Step $2.5K | P1: 12% P2: 6% | P1: No daily drawdown limit on any Pipcy challenge model P2: No daily drawdown limit on any Pipcy challenge model | P1: 12% P2: 12% | Up to 95% | Funded account up to $75k via the Growth Plan | Details | |
| $23 | $2.5K 1 Step | Pips Mastery X2 $2.5K | P1: 500 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 0.05, funded lot size up to 0.40 | Details | |
| $21 | $2.5K 1 Step | Pips Mastery X3 $2.5K | P1: 750 Pips | P1: No daily drawdown limit on any Pipcy challenge model | P1: 250 Pips | Up to 95% | Fixed lot 0.05, funded lot size up to 0.40 | Details |
Main Benefits
No daily drawdown limit and no trailing drawdown on any challenge model, on both the Classic and Pips Mastery programmes. 12% absolute maximum loss on Pipcy Classic, one of the widest overall loss limits published in the sector. Reward Payments are processed within 48 hours and the profit split reaches up to 95% through a nine-level Growth Plan that scales a funded account to $3,000,000 with no scaling fees. News trading, overnight holding and weekend holding are all permitted on every Challenge and funded account. Entry prices start at $21 and a WELCOME50 code takes 50% off a first challenge; a free trial is available before purchase. MetaTrader 5 plus an in-house Pipcy Trading Platform, a Swap-Free option, and zero commission on cryptocurrencies, indices and commodities.
Main Drawbacks
Pipcy states plainly that it is not regulated by the FCA, ASIC or CySEC. The profit split STARTS at 50%: the advertised 95% is the ninth Growth Plan level, and each scale-up requires 25% accumulated profit left in the account plus at least 90 calendar days. No withdrawal method is published anywhere on the site: payouts are described only as going to your selected payment method. Pipcy's own blog comparison table says news trading is Not permitted on Pipcy Classic, contradicting its FAQ, its Terms of Service and its own pricing table, all of which say it is allowed. A trader may hold a maximum of three open positions in the same direction on the same asset, an account-ending rule that two TrustPilot reviewers say they only found after their challenge was closed. Only 1 funded account and 3 challenge accounts are permitted per trader, and fees are non-refundable once simulated trading starts. The TrustPilot profile carries only 42 reviews in total, so there is little long-run payout evidence, and no incorporation or launch date is published anywhere on the site.
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MT5
Pipcy Trading Platform
Pipcy is a proprietary trading firm selling simulated-account evaluations on MetaTrader 5 and its own in-house Pipcy Trading Platform. It runs two programme families. Pipcy Classic is a dollar-balance evaluation sold as a One-Step (18% profit target) or Two-Step (12% then 6%) challenge with a 12% absolute maximum loss, across account sizes from $2,500 to $100,000. Pips Mastery is a pip-based evaluation the firm markets as an industry first: performance is scored in net pips with a fixed lot size tied to the balance, a 250-pip maximum loss, and a target of 500 pips (X2) or 750 pips (X3), on 28 Forex pairs only. Neither programme has a daily drawdown limit, a trailing drawdown or a time limit, and all four models require a minimum of 3 trading days. The profit split starts at 50% and scales to 95% across nine Growth Plan levels, each unlocked by 25% accumulated profit held for at least 90 calendar days, scaling a funded account as far as $3,000,000. The first Reward Payment can be requested 14 calendar days after the first trade with at least 5% realized profit and at least 5 Active Trading Days, then every 7 calendar days, with a $100 minimum and processing within 48 hours. The contracting entity for customers outside the UAE is Conquest Services Limited, incorporated in the United Arab Emirates, with the MT5 environment operated by Pipcy Ltd. of Saint Lucia and payments settled by Rogano Limited HE 429729 of Cyprus. Pipcy states that it is not regulated by the FCA, ASIC or CySEC. The leadership named on its About page is Omer Ben Matityahu (CEO & Founder), Snir Achiel (Risk Management & Consulting) and Vladimir Ribakov (Head of PIPCY Academy).
Amounts
Requirements
Additional payout notes
Every Reward Payment request goes through a Compliance Review, most of which complete within 48 hours. Partial withdrawals are allowed and the remaining eligible profit stays in the trading account. Requesting a Reward Payment during a Growth Cycle resets Scale-Up progress and starts a new Growth Cycle. Reaching 25% realized profit pauses the account until the trader chooses between a Reward Payment and a Scale-Up.
Source: firm payout terms
General rules (apply to challenge & funded)
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Challenge vs Funded
Drawdown & risk
Challenge lifecycle
Instruments & restrictions
Additional rules
Trading conditions: raw market spreads, $6 round-trip commission per standard Forex lot, zero commissions on Cryptocurrencies, Indices and Commodities, and an optional Swap-Free account selected at checkout. A trader may hold up to 3 active Challenge Accounts and up to 1 Funded Account at a time. A 4% Position Loss Limit applies only to PPC (funded) accounts: the floating loss on a single open position may never exceed 4% of the account's initial balance; it does not apply during the Challenge. A Challenge not activated within 35 calendar days has its access suspended. Refunds are only available within 7 days of registration if no trading has occurred.
Source: firm rules page
Needs Improvement
Strengths
- Very affordable challenges (from $21)
- High profit split (up to 95%)
- No daily drawdown limit
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Pipcy Overview
Pipcy is a proprietary trading firm built around CFD markets, operating out of United Arab Emirates. The firm lists 24 evaluation challenges covering $10K, $5K, $25K, $50K, $100K and $2.5K, starting at $21.
Its $21 entry price undercuts the $40 median across the 110 CFD firms tracked on PropFirmMap, which puts Pipcy at the cheaper end of the market. The 95% maximum profit split is more generous than the 90% typical of that group.
Traders who pass keep a profit split of Up to 95%. Payouts run on a Every 7 calendar days cycle (The first Reward Payment can be requested 14 calendar days after your first trade; after that, every 7 calendar days.). The drawdown rule to respect is: None. Pipcy publishes no daily loss limit on any challenge model, and no trailing drawdown; only the overall max loss applies (12% absolute on Classic, 250 pips on Pips Mastery). Accounts can be traded on MT5 and Pipcy Trading Platform.
TrustPilot reviewers rate it 4.3 out of 5 across 42 reviews.
It was founded by Omer Ben Matityahu, Snir Achiel and Vladimir Ribakov. Registration and regulatory details on file: United Arab Emirates, https://pipcy.com/faq and high.
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Prop Firms Based in United Arab Emirates
Pipcy is one of 35 verified prop firms headquartered in United Arab Emirates. Compare them side by side on price, profit split, payouts and safety grade.
