Prop firms · Is it legit?
Is pipfarm legit?
pipfarm scores 3.6/5 on Trust and 2.9/5 on Payouts in the Tradoshi 2027 ranking, #246 of 276 with 55.6/100. No warning was found on the regulator lists checked.
Tradoshi 2027 ranking, data as of October 30, 2026. Methodology
Trustpilot warning ·
Breach of guidelines We’ve removed a number of fake reviews for this company.
What our checks show
High scores (4 or 5 out of 5)
- Regulator warnings
- Payout frequency and first payout
- Payout history and incidents
- Secure website
Low scores (1 or 2 out of 5)
- Regulated execution partner
- Honest marketing
- Published processing time
- Withdrawal terms and methods
- Trader rating (Trustpilot and Google)
- Rule clarity
- Rules restricting how you trade
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 | 3/5 | ECI VENTURES PTE. LTD. (984500VF5CA3S9E3F221), registered on 2023-07-28 (source) Read on October 29, 2026 |
| Identity and contact | 3/5 | PipFarm (operated by ECI Ventures Pte. Ltd. – UEN 202329954C, the “Company”) provides simulated trading challenges for entertainment, education and training purposes. (source) Read on October 28, 2026 |
| Regulated execution partner | 2/5 | Trade on cTrader, the award-winning platform, on web, desktop or mobile. (source) Read on October 28, 2026 |
| Honest marketing | 2/5 | Skip the challenge and start earning from your first trade. (source) Read on October 28, 2026 |
Payouts
| Criterion | Score | What was recorded |
|---|---|---|
| Public payout proof | 3/5 | Worldwide payouts total: $4,276,280 (source) Read on October 28, 2026 |
| Published processing time | 1/5 | – Read on October 28, 2026 |
| Payout frequency and first payout | 4/5 | Start today and get paid in 7 days. (source) Read on October 28, 2026 |
| Withdrawal terms and methods | 1/5 | – Read on October 28, 2026 |
| Payout history and incidents | 4/5 | Since 2024, over $4,000,000 paid to 1,000+ traders in 150+ countries. (source) Read on October 28, 2026 |
Trader reviews
| Criterion | Score | What was recorded |
|---|---|---|
| Trader rating (Trustpilot and Google) | 2/5 | Trustpilot 3.5 from 343 reviews; Google 4.2 from 35 reviews (source) Read on October 28, 2026 |
| Number of reviews | 3/5 | 378 reviews (source) Read on October 28, 2026 |
| Suspicious review warning | 3/5 | Warning shown by Trustpilot on the profile (source) Read on October 28, 2026 |
Rules
| Criterion | Score | What was recorded |
|---|---|---|
| Rule clarity | 1/5 | 3/14 rules documented (source) Read on October 28, 2026 |
| Rules restricting how you trade | 1/5 | – Read on October 28, 2026 |
Website security
| Criterion | Score | What was recorded |
|---|---|---|
| Secure website | 5/5 | certificate valid for 78 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 pipfarm regulated?
A prop firm usually sells an evaluation program and is not a licensed broker. The company name recorded is ECI Ventures Pte. Ltd., Singapore. No warning was found on the regulator lists checked.
Does pipfarm pay its traders?
Its Payouts pillar scores 2.9/5: it measures what is published on proof, timing, frequency and payout incidents. It does not guarantee a future payout.
What do reviews say about pipfarm?
Trustpilot 3.5 from 343 reviews; Google 4.2 from 35 reviews. The Reviews pillar scores 2.7/5.
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