Pipcy

What is Pipcy?

Pipcy is a performance-based proprietary trading firm that lets traders prove their skills on a simulated challenge and then trade a funded account — keeping up to 95% of the profits. It stands out for two things most prop firms can't match: payouts within 48 hours and a genuinely low barrier to entry, with pip-based challenges starting from just $18.

If you want a fast-paying firm with flexible drawdown rules and a cheap way to get started, Pipcy is worth a serious look.

How Pipcy works

Pipcy runs two evaluation styles so you can pick what suits your trading:

• Pipcy Classic — the traditional route, available as a 1-step or 2-step challenge. You hit a profit target (18% in Phase 1 of the classic model) while staying inside the risk rules.

• Pips Mastery — a unique pip-based challenge (X2 and X3 versions) where you're measured on pips gained rather than a percentage. This is where the cheapest $18 entry lives.

All trading is done on MetaTrader 5 (MT5), with account sizes ranging from $2,500 up to $100,000, and the ability to scale funded capital up to $3 million as you stay consistent.

Pipcy rules at a glance

• Profit split: up to 95% — one of the highest in the industry

• Payout speed: within 48 hours

• Max loss (drawdown): 12%, with no daily drawdown limit — giving you room to breathe

• Minimum trading days: 3

• News trading: allowed

• Platform: MetaTrader 5

• Cheapest challenge: $18 (Pips Mastery X3, $2,500 account)

Who is Pipcy best for?

Pipcy is a strong fit if you:

• Want to get funded on a tight budget — few firms let you start from $18

• Value fast payouts and want your money within days, not weeks

• Prefer flexible risk rules — the lack of a daily drawdown limit suits traders who don't like being boxed in

• Trade on MT5 and don't need cTrader or TradeLocker

Things to keep in mind

Pipcy only supports MetaTrader 5, so if you rely on cTrader, TradeLocker or Match-Trader, it won't be for you. It's also a relatively new firm, so it doesn't yet have the long track record of older names — as with any prop firm, start small and test the payout process before scaling up. Pipcy also restricts traders from a number of sanctioned countries, so check the eligibility list before buying a challenge.

Is Pipcy legit?

Pipcy is a registered proprietary trading firm (registered in Saint Lucia, with an office in Limassol, Cyprus) offering simulated-account challenges. Its terms — a 95% split, 48-hour payouts and clear drawdown rules — are published openly. As always, we recommend starting with a smaller account, completing a full payout cycle, and reading the firm's rules in full before committing to a larger challenge.

Pipcy discount code

Pipcy currently runs a Buy 1 Get 1 promotion with the code BOGO26 — you get a second challenge free when you buy one. Always confirm the offer is still active on the Pipcy checkout before purchasing.