NYS Markets vs Pipstone Capital: Head-to-Head Comparison (2026)
NYS Markets
6.2 B+
CFD
Pipstone Capital
CFD
Verdict: Who Wins?
NYS Markets
5 wins
Decisive Win
Pipstone Capital
1 wins
Best For:
NYS Markets
NYS Markets
Pipstone Capital
Visual Comparison
Head-to-Head Comparison
| NYS Markets | Metric | Pipstone Capital |
|---|---|---|
| 6.2/10 | PFM Score | - |
| 4.5/5 (107) ★ | TrustPilot | 2.1/5 (342) |
| B+ ★ | Safety Grade | - |
| 61.6 B ★ | Trust Score | 27.7 F |
| 80% (scales up to 100%) ★ | Profit Split | Up to 100% |
| Instant: 3% daily / 5% trailing. Step 1: 3% daily / 6% max. Step 2: 5% daily / 10% max. | Daily Drawdown | 3% (Instant), 4% (1-Step), 5% (2-Step) |
| Weekly | Payout Frequency | Varies by model (Bi-weekly 1-Step, Weekly 2-Step, On Demand Instant) |
| $36 ★ | Starting Price | $49 |
| White-Label | Technology | White-Label |
| Trading View, Match Trader, MT5 | Platforms | cTrader, MT5 |
| No | Direct Path to Funded | No |
| Saint Lucia | Country | United Arab Emirates |
| Jan 2015 | Established | Jan 2025 |
| 6 options | Challenge Options | 14 options |
Price Comparison by Account Size
Cheapest challenge price at each account size (where both firms offer the same size)
| Account Size | NYS Markets | Pipstone Capital | Savings |
|---|---|---|---|
| $5K | $36 ★ | $49 | Save $13 |
| $10K | $79 ★ | $121 | Save $42 |
| $50K | $299 ★ | $314 | Save $15 |
| $100K | $529 | $375 ★ | Save $154 |
NYS Markets vs Pipstone Capital: Detailed Analysis
NYS Markets and Pipstone Capital are both CFD firms. NYS Markets has been in business longer, established in 2015, while Pipstone Capital was founded in 2025.
Pricing
In terms of pricing, NYS Markets is more affordable with challenges starting at $36, which is $13 less than Pipstone Capital's starting price of $49. NYS Markets offers 6 challenge options, while Pipstone Capital offers 14.
Account Sizes
On account sizing, NYS Markets offers account sizes from $5 to $150 across 6 funding tiers, while Pipstone Capital offers account sizes from $5 to $100 across 5 funding tiers. Picking the right tier matters because both the entry cost and the maximum capital you can scale to are tied to the account size you start with.
Trading Platforms
For trading platforms, NYS Markets supports Trading View, Match Trader and MT5, while Pipstone Capital runs on cTrader and MT5. If you already trade on a specific platform, this can be the deciding factor between the two.
Profit Split & Payouts
NYS Markets offers 80% (scales up to 100%) profit split, while Pipstone Capital offers Up to 100%. NYS Markets pays out Weekly, and Pipstone Capital pays out Varies by model (Bi-weekly 1-Step, Weekly 2-Step, On Demand Instant).
Risk & Drawdown Rules
Risk rules are a key difference for funded traders: NYS Markets lists its daily drawdown as "Instant: 3% daily / 5% trailing. Step 1: 3% daily / 6% max. Step 2: 5% daily / 10% max.", while Pipstone Capital lists "3% (Instant), 4% (1-Step), 5% (2-Step)". Always confirm the drawdown type before buying, since a trailing rule behaves very differently from a static end-of-day one.
Payout Methods
Pipstone Capital supports withdrawals via Crypto.
Trust & Safety
For trust and reputation, NYS Markets has a 4.5/5 TrustPilot rating with 107 reviews, while Pipstone Capital has 2.1/5 with 342 reviews.
Who Should Choose Which
So who should pick which? NYS Markets is the stronger choice for budget-conscious traders and trust & reputation, while Pipstone Capital is the better fit for fast payouts.
Overall, NYS Markets edges ahead winning 5 out of 6 categories we compared. However, the best choice depends on your specific needs - both firms have their strengths.
Pros & Cons
NYS Markets
Pros
Cons
Pipstone Capital
Pros
Cons
Frequently Asked Questions
Which is better, NYS Markets or Pipstone Capital?
NYS Markets scores higher overall, winning 5 out of 6 comparison categories including Overall Rating, TrustPilot, Starting Price. However, the best choice depends on your trading goals and priorities.
Which is cheaper, NYS Markets or Pipstone Capital?
NYS Markets has the lower starting price at $36. NYS Markets offers 6 challenge options starting from $36, while Pipstone Capital offers 14 options starting from $49.
Which has better reviews, NYS Markets or Pipstone Capital?
NYS Markets has a higher TrustPilot rating of 4.5/5. NYS Markets has 107 reviews while Pipstone Capital has 342.
Which offers a higher profit split, NYS Markets or Pipstone Capital?
NYS Markets offers a higher maximum profit split. NYS Markets offers 80% (scales up to 100%) while Pipstone Capital offers Up to 100%.
How fast do NYS Markets and Pipstone Capital pay out?
NYS Markets has Weekly payouts while Pipstone Capital offers Varies by model (Bi-weekly 1-Step, Weekly 2-Step, On Demand Instant) payouts. Payout speed can be an important factor when choosing a prop firm.
Are NYS Markets and Pipstone Capital legit?
Both firms have been independently verified by PropFirmMap. NYS Markets holds a B+ safety grade and a 4.5/5 TrustPilot rating. Pipstone Capital holds a unrated safety grade and a 2.1/5 TrustPilot rating. Safety grades are based on payout history, community trust signals, and regulatory transparency.
Which is better for beginners, NYS Markets or Pipstone Capital?
NYS Markets may be more accessible for beginners due to its lower entry price. When starting out, consider challenge cost, drawdown rules, and profit split. Use the comparison table above to find which firm fits your experience level and risk tolerance.
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