Prop firms · Is it legit?
Is Pipcy legit?
Pipcy scores 3.9/5 on Trust and 3.4/5 on Payouts in the Tradoshi 2027 ranking, #134 of 276 with 66.0/100. No warning was found on the regulator lists checked.
Tradoshi 2027 ranking, data as of October 30, 2026. Methodology
What our checks show
High scores (4 or 5 out of 5)
- Regulator warnings
- Identity and contact
- Published processing time
- Payout frequency and first payout
- Payout history and incidents
- Suspicious review warning
- Rules restricting how you trade
- Secure website
Low scores (1 or 2 out of 5)
- Regulated execution partner
- Honest marketing
- Public payout proof
- Withdrawal terms and methods
- Number of reviews
A low score reflects what the scale recorded on that criterion, not a fault by the firm: each criterion name links to its scale. These checks describe what was published on the dates shown. They guarantee neither a future payout nor that the rules stay the same: check with the firm before buying.
The detail, criterion by criterion
Company and regulators
| Criterion | Score | What was recorded |
|---|---|---|
| Regulator warnings | 5/5 | Not on the lists of the AMF, I-SCAN (IOSCO), ASIC, FINMA, CNMV or the CFTC RED List (source) Read on October 28, 2026 |
| Registered company and age | not applicable | Pipcy Ltd. Read on October 29, 2026 |
| Identity and contact | 5/5 | Users residing in other jurisdictions will contract with Conquest Services Limited, unless otherwise specified. (source) Read on October 28, 2026 |
| Regulated execution partner | 2/5 | Trade With MetaTrader 5 (source) Read on October 28, 2026 |
| Honest marketing | 1/5 | Payout ProcessWithin 48 HoursAvg. First Payout$4,584 (source) Read on October 28, 2026 |
Payouts
| Criterion | Score | What was recorded |
|---|---|---|
| Public payout proof | 1/5 | – Read on October 28, 2026 |
| Published processing time | 4/5 | Payout Policy: Eligible after 5 trading days. All payouts processed within 48 hours of your request. (source) Read on October 28, 2026 |
| Payout frequency and first payout | 4/5 | Payout Policy: Eligible after 5 trading days. All payouts processed within 48 hours of your request. (source) Read on October 28, 2026 |
| Withdrawal terms and methods | 1/5 | – Read on October 28, 2026 |
| Payout history and incidents | 5/5 | – Read on October 28, 2026 |
Trader reviews
| Criterion | Score | What was recorded |
|---|---|---|
| Trader rating (Trustpilot and Google) | 3/5 | Trustpilot 4.2 from 64 reviews (source) Read on October 28, 2026 |
| Number of reviews | 2/5 | 64 reviews (source) Read on October 28, 2026 |
| Suspicious review warning | 5/5 | No Trustpilot warning on the profile (source) Read on October 28, 2026 |
Rules
| Criterion | Score | What was recorded |
|---|---|---|
| Rule clarity | 3/5 | 10/14 rules documented (source) Read on October 28, 2026 |
| Rules restricting how you trade | 5/5 | – Read on October 28, 2026 |
Website security
| Criterion | Score | What was recorded |
|---|---|---|
| Secure website | 5/5 | certificate valid for 85 more days Read on October 28, 2026 |
| Protected domain (SPF, DMARC, headers) | 3/5 | 3 points out of 5 (SPF, DMARC, HSTS) Read on October 28, 2026 |
Frequently asked questions
Is Pipcy regulated?
A prop firm usually sells an evaluation program and is not a licensed broker. The company name recorded is Pipcy Ltd., United Arab Emirates. No warning was found on the regulator lists checked.
Does Pipcy pay its traders?
Its Payouts pillar scores 3.4/5: it measures what is published on proof, timing, frequency and payout incidents. It does not guarantee a future payout.
What do reviews say about Pipcy?
Trustpilot 4.2 from 64 reviews. The Reviews pillar scores 3.3/5.