Pipster
United Kingdom
Composite Trust Score
Multi-source aggregate of every verified trust signal we hold on Pipster. Methodology →
Weak - multiple trust dimensions are below expectations.
Every plan below pays a 80% profit split.
| Price | Account SizeSize | Account Name | Profit Target | Max Daily Loss | Max Drawdown | Profit Split | Activation Fee | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| $79 | $10K 1 Step | 1-Phase Challenge | P1: 10% | P1: 4% Static for the day: equity is recorded at the 22:00 UTC New York session rollover and the limit sits 4% below that baseline, not moving again until the next rollover. Same 4% carries through to the funded stage. | P1: 8% | 80% | Unknown | Details | |
| $89 | $10K 2 Steps | 2-Phase Challenge | P1: 8% P2: 5% | P1: 5% Static for the day from the 22:00 UTC rollover equity baseline. P2: 5% Unchanged from Phase 1. Phase 2 requires 3 minimum trading days rather than 5. | P1: 10% P2: 10% | 80% | Unknown | Details | |
| $429 | $10K Instant | Instant Funded | P1: | P1: 3% No profit target: the account is funded from day one. Daily limit is static for the day from the 22:00 UTC rollover baseline. | P1: 10% | 80% | Unknown | Details | |
| $1.99 $90.98 all-in $1.99 + $88.99 activation | $10K 1 Step | Pipster Entry | P1: 6% | P1: There is NO daily loss limit during the Entry evaluation - the firm states this explicitly. A 3% daily loss limit begins only after activation, on the funded account. | P1: 6% | 80% | $88.99 | Details | |
| $39 | $5K 1 Step | 1-Phase Challenge | P1: 10% | P1: 4% Static for the day: equity is recorded at the 22:00 UTC New York session rollover and the limit sits 4% below that baseline, not moving again until the next rollover. Same 4% carries through to the funded stage. | P1: 8% | 80% | Unknown | Details | |
| $49 | $5K 2 Steps | 2-Phase Challenge | P1: 8% P2: 5% | P1: 5% Static for the day from the 22:00 UTC rollover equity baseline. P2: 5% Unchanged from Phase 1. Phase 2 requires 3 minimum trading days rather than 5. | P1: 10% P2: 10% | 80% | Unknown | Details | |
| $199 | $5K Instant | Instant Funded | P1: | P1: 3% No profit target: the account is funded from day one. Daily limit is static for the day from the 22:00 UTC rollover baseline. | P1: 10% | 80% | Unknown | Details | |
| $1.99 $45.98 all-in $1.99 + $43.99 activation | $5K 1 Step | Pipster Entry | P1: 6% | P1: There is NO daily loss limit during the Entry evaluation - the firm states this explicitly. A 3% daily loss limit begins only after activation, on the funded account. | P1: 6% | 80% | $43.99 | Details | |
| $159 | $25K 1 Step | 1-Phase Challenge | P1: 10% | P1: 4% Static for the day: equity is recorded at the 22:00 UTC New York session rollover and the limit sits 4% below that baseline, not moving again until the next rollover. Same 4% carries through to the funded stage. | P1: 8% | 80% | Unknown | Details | |
| $179 | $25K 2 Steps | 2-Phase Challenge | P1: 8% P2: 5% | P1: 5% Static for the day from the 22:00 UTC rollover equity baseline. P2: 5% Unchanged from Phase 1. Phase 2 requires 3 minimum trading days rather than 5. | P1: 10% P2: 10% | 80% | Unknown | Details | |
| $949 | $25K Instant | Instant Funded | P1: | P1: 3% No profit target: the account is funded from day one. Daily limit is static for the day from the 22:00 UTC rollover baseline. | P1: 10% | 80% | Unknown | Details | |
| $1.99 $180.98 all-in $1.99 + $178.99 activation | $25K 1 Step | Pipster Entry | P1: 6% | P1: There is NO daily loss limit during the Entry evaluation - the firm states this explicitly. A 3% daily loss limit begins only after activation, on the funded account. | P1: 6% | 80% | $178.99 | Details | |
| $279 | $50K 1 Step | 1-Phase Challenge | P1: 10% | P1: 4% Static for the day: equity is recorded at the 22:00 UTC New York session rollover and the limit sits 4% below that baseline, not moving again until the next rollover. Same 4% carries through to the funded stage. | P1: 8% | 80% | Unknown | Details | |
| $289 | $50K 2 Steps | 2-Phase Challenge | P1: 8% P2: 5% | P1: 5% Static for the day from the 22:00 UTC rollover equity baseline. P2: 5% Unchanged from Phase 1. Phase 2 requires 3 minimum trading days rather than 5. | P1: 10% P2: 10% | 80% | Unknown | Details | |
| $1899 | $50K Instant | Instant Funded | P1: | P1: 3% No profit target: the account is funded from day one. Daily limit is static for the day from the 22:00 UTC rollover baseline. | P1: 10% | 80% | Unknown | Details | |
| $1.99 $316.98 all-in $1.99 + $314.99 activation | $50K 1 Step | Pipster Entry | P1: 6% | P1: There is NO daily loss limit during the Entry evaluation - the firm states this explicitly. A 3% daily loss limit begins only after activation, on the funded account. | P1: 6% | 80% | $314.99 | Details | |
| $479 | $100K 1 Step | 1-Phase Challenge | P1: 10% | P1: 4% Static for the day: equity is recorded at the 22:00 UTC New York session rollover and the limit sits 4% below that baseline, not moving again until the next rollover. Same 4% carries through to the funded stage. | P1: 8% | 80% | Unknown | Details | |
| $499 | $100K 2 Steps | 2-Phase Challenge | P1: 8% P2: 5% | P1: 5% Static for the day from the 22:00 UTC rollover equity baseline. P2: 5% Unchanged from Phase 1. Phase 2 requires 3 minimum trading days rather than 5. | P1: 10% P2: 10% | 80% | Unknown | Details | |
| $2799 | $100K Instant | Instant Funded | P1: | P1: 3% No profit target: the account is funded from day one. Daily limit is static for the day from the 22:00 UTC rollover baseline. | P1: 10% | 80% | Unknown | Details | |
| $1.99 $541.98 all-in $1.99 + $539.99 activation | $100K 1 Step | Pipster Entry | P1: 6% | P1: There is NO daily loss limit during the Entry evaluation - the firm states this explicitly. A 3% daily loss limit begins only after activation, on the funded account. | P1: 6% | 80% | $539.99 | Details | |
| $8.88 | $1K 1 Step | 1-Phase Challenge | P1: 10% | P1: 4% Static for the day: equity is recorded at the 22:00 UTC New York session rollover and the limit sits 4% below that baseline, not moving again until the next rollover. Same 4% carries through to the funded stage. | P1: 8% | 80% | Unknown | Details | |
| $44 | $1K Instant | Instant Funded | P1: | P1: 3% No profit target: the account is funded from day one. Daily limit is static for the day from the 22:00 UTC rollover baseline. | P1: 10% | 80% | Unknown | Details |
Main Benefits
Four distinct routes to funding rather than one: a 1-Phase (10% target), a 2-Phase (8% then 5%), an Instant Funded account, and Pipster Entry, a pay-after-you-pass product costing $1.99 up front with the activation fee due only if you pass. No consistency rule on any standard challenge or funded account, stated in those words, with no cap on how much profit may come from a single day and no consistency-based payout holds. No time limit on any evaluation phase. Entry to a $1,000 1-Phase challenge costs $8.88. Founders are named and verifiable: Cormac Munnelly (CEO, 14 years trading bonds, futures and FX) and Alan Shannon (CTO, 20 years building trading systems at JPMC, UBS, RBC and MUFG), with the operating company registered at Companies House. Payouts run weekly after a 14-day first-payout wait, at an 80% split that the risk team may raise to 90%, with a $100 minimum and RISE, bank transfer or crypto as methods. 100+ instruments across forex, indices, commodities, crypto and metals on Match-Trader.
Main Drawbacks
Every account carries a Payout Reward Capacity, a lifetime cap on total payouts per account: 12% of the starting balance on purchased accounts and 6% on reward, competition and free accounts. On a $100,000 account that is $12,000 in total, reached after roughly $15,000 of simulated profit, after which the account stops generating rewards and a new one must be bought. A stop loss is mandatory on every position within 60 seconds of opening, and any profitable trade opened and closed inside 60 seconds is treated as high-frequency trading and may be cancelled. Funded and Instant traders may not risk more than 50% of the permitted daily drawdown on open positions at once, and Instant Funded adds a hard 3% maximum loss per trade idea. Copy trading is banned outright. Funded traders must close all positions before the weekend and cannot open positions within 5 minutes either side of a high-impact news release. The firm is unregulated by its own statement, and it is young: the company was incorporated 25 June 2025 and carries only 22 TrustPilot reviews.
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Crypto
Apple Pay
Credit Card
Rise
Crypto
Wire Transfer
Pipster is a UK proprietary trading firm operated by Data Vantix Ltd, a private limited company registered in England and Wales under company number 16540926 at 20 Wenlock Road, London N1 7GU, incorporated on 25 June 2025 and trading under the previous name Sophos Technologies Ltd until 13 November 2025. It was co-founded by Cormac Munnelly, an institutional prop trader of 14 years across bonds, futures and FX, who serves as CEO, and Alan Shannon, a quant with 20 years building trading systems at JPMorgan Chase, UBS, RBC and MUFG, who serves as CTO. Pipster sells four simulated-account products - a 1-Phase challenge, a 2-Phase challenge, an Instant Funded account and Pipster Entry, a pay-after-you-pass route - across sizes from $1,000 to $100,000, all traded on Match-Trader with MT5 stated as coming soon. All trading is simulated: the firm holds no client funds, routes no orders to live markets, and pays performance rewards from its own revenues. It is not authorised or regulated by any financial regulator, which it states plainly itself.
Payout methods
Rise
Crypto
Wire Transfer
Amounts
Requirements
Additional payout notes
Each account carries a Payout Reward Capacity, a LIFETIME cumulative cap on total payout rewards from that account: 12% of the starting balance for purchased accounts, 6% for reward, prize, competition, promotional or free accounts. It caps the total only, not the size, number or frequency of individual requests, and it never resets. A request exceeding the remaining capacity is paid down to the remaining balance in full rather than refused. Once the capacity is paid out the account has completed its reward cycle and generates no further rewards, though the trader keeps everything paid and may open a new account with full capacity. The cap applies per account, not per trader, and any future change to it applies only to accounts created afterwards. Payout eligibility also requires 5 minimum trading days, positive simulated profit, full rule compliance and the $100 minimum. A qualifying trading day is a calendar day with at least one trade AND a profit of at least 0.5% of the initial account balance.
Source: firm payout terms
General rules (apply to challenge & funded)
See how these rules compare against every other firm in the prop firm rules comparison.
Challenge vs Funded
Drawdown & risk
Challenge lifecycle
Instruments & restrictions
Additional rules
A stop loss is MANDATORY on every position, placed within 60 seconds of opening and kept active for the life of the trade; it may be amended freely. Minimum trading days count only calendar days on which at least one trade was placed AND a profit of at least 0.5% of the initial balance was made - a losing or flat day does not count. EAs, indicators and trade-management tools are permitted for legitimate execution and risk management; only tools whose primary edge is latency, arbitrage, HFT or gap exploitation are banned. Hedging is allowed WITHIN a trader's own account as genuine risk management, but never across accounts. Match-Trader ships a built-in Risk Mode that sizes a position from a chosen stop loss and risk amount.
Source: firm rules page
Needs Improvement
Strengths
- Very affordable challenges (from $9)
- Static drawdown (easier to manage)
Weaknesses
- Limited platform choice (1 platform)
Recommended For
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Pipster Overview
Trading since 2025, Pipster is a proprietary trading firm built around CFD markets, operating out of United Kingdom. The firm lists 22 evaluation challenges covering $10K, $5K, $25K, $50K, $100K and $1K, starting at $8.88 all-in.
The 80% maximum profit split trails the 90% typical of that group.
On a funded account the profit split is 80%. Withdrawals are processed Weekly. The drawdown rule to respect is: 4% on the 1-Phase (evaluation and funded), 5% on both 2-Phase stages and when funded, 3% on Instant Funded. Pipster Entry has NO daily loss limit during evaluation and 3% once activated. Every daily limit is static for the day, set from the equity recorded at the 22:00 UTC New York session rollover. Accounts can be traded on Match Trader.
TrustPilot reviewers rate it 4.1 out of 5 across 22 reviews.
Regulatory status on file: None. Pipster states in its own FAQ and Legal Disclaimer that Data Vantix Ltd is not authorised or regulated by any financial services regulator, naming the UK FCA explicitly, on the basis that simulated trading and trader evaluation fall outside the scope of investment-firm authorisation. All accounts are simulated; the firm holds no client money and executes no live orders.
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Prop Firms Based in United Kingdom
Pipster is one of 16 verified prop firms headquartered in United Kingdom. Compare them side by side on price, profit split, payouts and safety grade.
