The proprietary industry is growing fast, and more firms are joining every day. With so many firms comes many more evaluations from which traders have to choose. So, to make it easier for you, we are reviewing each one of the programs by legit prop firms. For traders who want to get a 1-step Evaluation, today we will discuss PipFarm Static Evaluation and see if this is the one for you.
PipFarm Static Evaluation: Is this your Choice?
PipFarm’s Static Evaluation provides traders with the opportunity to manage account sizes ranging from $5,000 up to $100,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The Static Evaluation allows you to trade with leverage up to 1:30 (1:50 leverage by reaching the 50 XP milestone).
The evaluation phase requires a trader to reach a profit target of 12% while not surpassing their 3% maximum daily loss or 6% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you have to trade a minimum of three trading days in order to proceed to a funded account.
By completing the evaluation phase, you are awarded a funded account where you have a minimum withdrawal amount of 3% of the initial account balance. You must only respect the 3% maximum daily loss and 6% maximum loss rules. Your first payout is 3 calendar days from the day you place your first position on your funded account. All other withdrawals can also be submitted on a bi-weekly basis. Your payouts will consist of 70% up to 90% based on the profit you earn on your funded account. Additionally, keep in mind that you have a maximum time limit of 365 days to scale your funded account to the next stage.
So, if this is the one for you, use our Discount Code (FOREXPROPREVIEWS) for a 25% Discount or read the Review.
