Pipcy Review 2026

Facts checked against pipcy.com on 11 November 2026

Visit PipcyPip-based challengeNo daily drawdownFrom $29MT5

Ad Prop firm challenges are paid evaluations on simulated accounts, and most traders do not pass. We never tell you to trade.

Pipcy is a new firm with an unusual idea: its Pips Mastery challenge is measured in pips, not percent, at a fixed lot size. Its Classic 1-Step gives a wide 12% loss limit and no daily drawdown, against a high 18% target. Payouts are promised within 48 hours.

Good fit if

You hate daily loss limits

Look elsewhere if Verdict →

You want a low target

Tap a face for rolesOur methodology →

An FX Recap team effort, from Abir Khan to Ranjan N. Mondol

Pipcy review: programs, rules, costs and payouts, checked on pipcy.com on 11 November 2026.

Pipcy at a glance

Source: pipcy.com, checked 11 November 2026

Programs: Pips Mastery (pip-based), Pipcy Classic 1-Step and 2-Step, Growth plan
Account sizes: $2.5K to $200K (Mastery to $100K); growth to $5M
Cheapest entry: $29 for a $2.5K Pips Mastery (list price)
Classic 1-Step rules: 18% target · 12% maximum loss · no daily drawdown
Pips Mastery rules: 500-pip target · 250-pip maximum loss · fixed lot size
Profit split: 80% at the first growth level, rising to 100%
Payouts: Within 48 hours
Platform: MT5
Company: Pipcy Ltd (Saint Lucia, 2026), with group companies in Cyprus and Dubai

Pipcy rating: 3.3 out of 5

Our prop firm methodology →

Pipcy scores 66.4 out of 100 (Good) on the FX Recap prop firm method. Each parameter is scored 0 to 10 from the firm's published rules and terms, weighted, and the total divided by 20 gives the stars.

Company & track record20%3.5/10
Company registered 2026 · Company and registration number published · Base: Saint Lucia
Rules & room to trade20%8.5/10
Widest maximum loss 12% · A program with no daily limit · Lowest first target 18% · Static maximum loss on the main program
Payouts & profit split16%7.5/10
Best split 100% · First payout: Processed within 48 hours of a request · Payout methods not verified (half points) · Scaling plan published
Cost of entry12%6/10
Cheapest $48 per $10K · No fee refund stated
Trading freedom15%8.3/10
EAs: not verified · News: allowed · Weekend: allowed
Trader feedback10%n/a
Not enough verified trader reviews yet
Programs & platforms7%6/10
2 program types · 1 platform · Up to $5M

Trader feedback counts once enough verified trader reviews are in; until then the other weights are rescaled. Facts we could not verify earn half points and are marked "not verified".

Pipcy pros and cons

What traders get

No daily drawdown on Classic or Pips Mastery
12% maximum loss on Classic: one of the widest in our list
Pip-based targets remove the pressure of over-sizing
Payouts promised within 48 hours
Overnight, weekend and news trading allowed
Low entry: $29 Pips Mastery, $44 Classic

What to watch

Classic's 18% target is high
Funded accounts cap floating loss at 4% at any moment
Pips Mastery trades only 28 forex pairs at a fixed lot
Split starts at 80%; 100% needs nine growth levels
Growth needs 25% profit held for 90 days per level
Pipcy Ltd was registered in 2026

How Pipcy measures up

How to choose a prop firm →

The checklist explains the score: each line grades what Pipcy publishes. We have not traded these programs, so nothing here is a claim about live results.

Track recordPipcy Ltd's Saint Lucia registration number dates from 2026.Watch
Daily limitNo daily drawdown on Classic or Pips Mastery.Strength
Room to lose12% on Classic; 250 pips on Mastery.Strength
Target18% on Classic 1-Step; 500 pips on Mastery.Mixed
Funded risk4% maximum floating loss on funded Classic accounts.Mixed
Payout speedWithin 48 hours, as Pipcy states it.Strength
Profit split80% at level 1, rising to 100% at level 9 of the growth plan.Mixed

Pipcy programs and rules

2 programs. Pick one to see its rules and prices.

One phase with lots of room (12%) and no daily limit, but an 18% target to reach.

Rule	Challenge	Funded
Profit target	18%	None
Maximum loss	12%	12%
Daily drawdown	None	None
Maximum floating loss	–	4%
Minimum trading days	3	–
Profit split	–	Up to 100%

$2.5K$44

$5K$77

$10K$129

$25K$245

$50K$389

$100K$699

$200K$1,499

List prices; 55% off with FEST55 on 11 November 2026.
A Classic 2-Step also exists; its card did not load for us.

Targets in pips at a fixed lot size, so the result measures your execution, not your position size.

Rule	Challenge	Funded
Pip target	500 pips	–
Maximum loss	250 pips	–
Daily drawdown	None	–
Lot size	Fixed (0.05 on $2.5K to 2 lots on $100K)	Up to 0.40 to 16 lots
Minimum trading days	3	–
Profit split	–	Up to 100%

$2.5K$29

$5K$41

$10K$78

$25K$137

$50K$275

$100K$479

Available on 28 forex pairs only.

How to get funded with Pipcy

The route through Pipcy's evaluation, using the Classic 1-Step rules. Every box is a stage you must clear before the next one opens.

1BuyPick a size
2Challenge18% target · No daily limit · 12% max loss
3FundedUp to 100% split
4PaidProcessed within 48 hours of a request

Pipcy rules in dollars: a $100K Classic 1-Step account

$18,000profit to reach the first target (18%)
Noneno daily loss limit on this program
$12,000total loss allowed before the account fails (12%)
12losing trades in a row at 1% risk ($1,000 each) before you hit the maximum limit

An example to show the size of each limit, not advice and not a forecast. Risk sizing is explained in position sizing for a prop challenge.

What Pipcy costs per $10,000 of account

List fee divided by the starting balance, from Pipcy's cards on 11 November 2026 (it was running 55% off).

Pips Mastery $100K$48
Pips Mastery $25K$55
Pips Mastery $50K$55
Classic 1-Step $100K$70
Classic 1-Step $200K$75
Classic 1-Step $50K$78
Pips Mastery $10K$78
Pips Mastery $5K$82
Classic 1-Step $25K$98
Pips Mastery $2.5K$116
Classic 1-Step $10K$129
Classic 1-Step $5K$154
Classic 1-Step $2.5K$176

How Pipcy compares with 17 other prop firms

All 18 firms →

Four numbers that decide most choices, set against every prop firm we review. Pipcy is the green bar. Firms that do not publish a figure are left out of that chart.

Cheapest fee per $10K

$48#7 of 14

lower is cheaper; best on the left

Widest maximum loss

12%#2 of 18

more room to lose; best on the left

Best profit split

100%#1 of 18

your share of profit; best on the left

Days to first payout

–not published

sooner is better; best on the left

Pipcy alternatives worth a look

Audacity CapitalMore room (15% maximum loss)

Maven TradingCheaper at $30 per $10K

The5ersCheaper at $23 per $10K

How Pipcy pays you

Speed: Within 48 hours
Split: 80% at growth level 1, 85% at 3, 90% at 5, 95% at 7, 100% at 9
Growth: +50% balance after 25% accumulated profit held for at least 90 days
KYC: Only needed before your first reward
Paying agent: Rogano Limited, Cyprus

Trading rules to know

News: Allowed
Overnight and weekend: Allowed on funded accounts
Floating loss: Funded Classic accounts may not exceed 4% floating loss at any time
Instruments: 28 forex pairs on Pips Mastery; forex, indices, commodities and crypto on Classic

Rules explained: daily loss · maximum drawdown · news trading · scaling plans

Pipcy trading conditions

What you may and may not do on a Pipcy account, from its own rules pages. "Not stated" means the pages we could read do not say.

Expert advisors (EAs)Not statedNot stated on the pages we read Guide →

News tradingAllowedAllowed Guide →

Weekend holdingAllowedOvernight and weekend holding allowed on funded accounts

Time limitNo limitNo time limit on at least one program Guide →

Consistency ruleNot statedNot stated on its pages Guide →

Fee refundNot statedNot stated on its pages

First payoutProcessed within 48 hours of a request Guide →

PlatformsMT5

Track recordCompany registered 2026, as the firm states

Operating baseSaint Lucia

Is Pipcy legit? Who runs it and where it is open

MT5 operator: Pipcy Ltd, Saint Lucia, no. 2026-00145, Rodney Bay; office in Limassol, Cyprus
Group companies: Conquest Services Limited (Dubai) and Rogano Limited (Cyprus, HE 429729)
UAE residents: Contract with Rogano Limited under separate terms

Not available in

Russia, Myanmar, North Korea, Sudan, Syria, Iran, Cuba, Afghanistan, Belarus, Central African Republic, DR Congo, Ethiopia, Lebanon, Libya, Mali, Nicaragua, Somalia, South Sudan, Venezuela, Yemen and Zimbabwe, among others.

All Pipcy trading is simulated; rewards are based on simulated performance. Is a funded account real money? →

Our verdict on Pipcy

Pipcy stands out for its pip-based challenge and a Classic 1-Step with 12% of room and no daily limit. The trade-offs are an 18% target, a 4% floating-loss cap once funded and a company that is only a year old. Treat it as an interesting newcomer, not an established name.

Good fit if

You hate daily loss limits
You trade forex with a fixed size
You want fast payouts
You can aim for a big 18% move with 12% of room

Look elsewhere if

You want a low target
You let funded trades float deep into loss
You want a long company track record
You trade beyond 28 forex pairs on Mastery

Visit PipcyAd We earn a commission if you buy through this link. It never changes the facts above.

Pipcy FAQ

Is Pipcy legit?

Pipcy's MT5 environment is run by Pipcy Ltd, registered in Saint Lucia in 2026 (2026-00145), with group companies in Cyprus and Dubai. Trading is simulated.

What is Pips Mastery?

A challenge measured in pips at a fixed lot size: reach 500 pips before losing 250, with no daily limit and 3 minimum days.

What are the Pipcy Classic 1-Step rules?

An 18% target, a 12% maximum loss, no daily drawdown and 3 minimum days.

How fast does Pipcy pay?

Pipcy says payouts are processed within 48 hours.

How much does Pipcy cost?

Pips Mastery from $29 and Classic from $44, before discounts.

Can you trade news with Pipcy?

Yes. Allowed.

Can you hold trades over the weekend with Pipcy?

Yes. Overnight and weekend holding allowed on funded accounts.

What is Pipcy's maximum drawdown?

The widest maximum loss on any Pipcy program is 12% of the starting balance, and at least one program has no daily loss limit. Each program's own limits are in the rules table above.

When is the first Pipcy payout?

Processed within 48 hours of a request.

Does Pipcy have a time limit?

No, at least one Pipcy program has no time limit, though inactivity rules can still close an account.

Guides to read before you buy a Pipcy challenge

How Prop Firm Payouts Work: Splits, Schedules and the First Withdrawal

Position Sizing for a Prop Challenge: The Exact Math

Payout Proof: How to Check a Prop Firm Actually Pays

Prop Firm Scams and Red Flags

The Real Cost of Getting Funded

Prop trading terms used in this review

Daily loss limit: The most your account may fall in one trading day. Break it once and the account fails, even if you are in profit overall.
Maximum drawdown: The total loss allowed from the starting balance. Static means the floor never moves; trailing means it follows your highest balance up.
Minimum trading days: The fewest days you must trade before a phase counts as passed, even if you hit the target sooner.
Profit split: Your share of the profit on the funded account. The firm keeps the rest.

How we checked this review

Jannatul Ferdaush checked every figure against Pipcy's own pages on 11 November 2026. We did not buy or trade a challenge for this review. The rating applies our prop firm methodology to those published facts.

pipcy.com · Classic cards, funded rules, company footer, restricted countries
pipcy.com/challenges/pips-mastery · Pips Mastery rules and prices
pipcy.com/challenges/growth · Growth plan and splits
pipcy.com/terms-of-service · Company roles

Pipcy trader reviews

What traders say about Pipcy in their own words. These ratings are separate from FX Recap's own rating of 3.3, which comes from our review.

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