Prove your skill. Get paid.
A funded trading evaluation on our own engine. Evaluations aren't on sale yet. Leave your email and we'll send one message the day they are.
Pipstone Funded is a trading-skill evaluation programme. All trading takes place on simulated accounts using live market data. No real capital is allocated and no trade reaches a real market.
Full disclosure
Traders who pass receive performance rewards, paid from Pipstone Funded's own funds, of up to 100% of their simulated profits.
You're on the list
One email to when evaluations open. Nothing else.
One email when sales open. Nothing else.
Pick a size. Read the rules.
One hurdle on a tight leash, or two hurdles with more room, for less money.
One-Phase the launch product
- Profit target 10%$500
- Daily loss 3%$150
- Max loss 6% static$300 static
- Minimum trading days none
- Consistency rule on the evaluation none
- Leverage true 1:100
- Time limit none
- Profit split 80% → 90% → 100%
Two-Phase
- Profit target 8% then 5%$400 then $250
- Daily loss 5%$250
- Max loss 10% static$500 static
- Minimum trading days 3 in total
- Consistency rule on the evaluation none
- Leverage true 1:100
- Time limit none
- Profit split 80% → 90% → 100%
One-Phase the launch product
- Profit target 10%$1,000
- Daily loss 3%$300
- Max loss 6% static$600 static
- Minimum trading days none
- Consistency rule on the evaluation none
- Leverage true 1:100
- Time limit none
- Profit split 80% → 90% → 100%
Two-Phase
- Profit target 8% then 5%$800 then $500
- Daily loss 5%$500
- Max loss 10% static$1,000 static
- Minimum trading days 3 in total
- Consistency rule on the evaluation none
- Leverage true 1:100
- Time limit none
- Profit split 80% → 90% → 100%
One-Phase the launch product
- Profit target 10%$2,500
- Daily loss 3%$750
- Max loss 6% static$1,500 static
- Minimum trading days none
- Consistency rule on the evaluation none
- Leverage true 1:100
- Time limit none
- Profit split 80% → 90% → 100%
Two-Phase
- Profit target 8% then 5%$2,000 then $1,250
- Daily loss 5%$1,250
- Max loss 10% static$2,500 static
- Minimum trading days 3 in total
- Consistency rule on the evaluation none
- Leverage true 1:100
- Time limit none
- Profit split 80% → 90% → 100%
One-Phase the launch product
Not offered as a One-Phase at $50,000. Pick the Two-Phase, or a smaller size.
Two-Phase
- Profit target 8% then 5%$4,000 then $2,500
- Daily loss 5%$2,500
- Max loss 10% static$5,000 static
- Minimum trading days 3 in total
- Consistency rule on the evaluation none
- Leverage true 1:100
- Time limit none
- Profit split 80% → 90% → 100%
One-Phase the launch product
Not offered as a One-Phase at $100,000. Pick the Two-Phase, or a smaller size.
Two-Phase
- Profit target 8% then 5%$8,000 then $5,000
- Daily loss 5%$5,000
- Max loss 10% static$10,000 static
- Minimum trading days 3 in total
- Consistency rule on the evaluation none
- Leverage true 1:100
- Time limit none
- Profit split 80% → 90% → 100%
Evaluations are not on sale yet. Prices can change before they open; the price at checkout is the price you pay. All prices include any applicable taxes. Why $50,000 and $100,000 aren't on sale yet →
Evaluation. Funded. Paid.
Three steps. Here is exactly which rules change at each one.
- 1
Evaluation
Hit the target without touching a loss limit.
- One-Phase 10% · 3% daily · 6% max · no minimum days
- Two-Phase 8% then 5% · 5% daily · 10% max · 3 days in total
- No consistency rule on the evaluation. No time limit.
- 2
Funded
Passing is passing. We never re-score a pass.
- Funded account: the same daily loss and max loss as the evaluation you passed. No profit target.
- One-Phase 3% daily · 6% max
- Two-Phase 5% daily · 10% max
- At capacity? Your seat within 14 days.
- 3
Paid
First payout at 14 days, then every 14.
- rises Split 80% → 90% → 100%, rising on each completed payout
- Fee refunded in full on your second completed payout
- KYC at your first payout, not at purchase
- Payout floor The days other than your best must add up to 1.0% of your starting balance before your first payout, 1.5% before your second, and 2.0% from your third on. It is never a breach: if it isn't met yet, keep trading.
What other firms put in grey text.
If you pass while we are at capacity
Passing is passing. We never re-score a pass. If every funded seat at your size is taken on the day you pass, you wait no more than 14 days for your funded account — the same clock as the payout cycle.
True 1:100 leverage
On both shapes.
Trade the news. Hold the weekend.
No news restriction. No weekend or overnight rule. Hold through both. Anywhere — trial, evaluation, funded.
Fail on a bad day?
Your second run is 30% off, offered automatically on your verdict and valid 14 days. $34 · $55 · $125.
Disputes 24h · Payout approval 48h
Email and ticket only. No live chat.
We sell what our reserve can cover.
Half of every evaluation fee is set aside in a reserve for traders' rewards, and a size goes on sale only when that reserve can cover it three times over. $25,000 is our ceiling today.
Trade the engine before you pay for it.
The free trial Coming soon
$25,000 · free · 14 days · no card, no ID
Real 10% target. Halts at +3% — there is no false pass.
3% daily / 6% max — the same limits as the paid One-Phase.
A trial cannot fund an account.
A free weekly round on the same engine — practise first.
It runs on the engine that grades your evaluation. No fee, no card, nothing to buy.
New to trading? Learn first.
42 free lessons and Pip, a tutor that answers your questions, on Pipstone Learn.
Asked head-on.
Is it real money?
All trading takes place on simulated accounts using live market data. No real capital is allocated and no trade reaches a real market. Traders who pass receive performance rewards, paid from Pipstone Funded's own funds, of up to 100% of their simulated profits.
Rewards are paid to GCash, Maya, PayPal, Skrill or USDT.
Is this legit?
We are new. Evaluations have not gone on sale yet and we have paid no rewards, so there is no track record to show you. Here is what you can check before you pay anything:
the evaluation's targets and loss limits, published in full · the payout policy · the engine itself, free, in the weekly round ↗.
What does a fail cost me?
Your second run is 30% off, offered automatically on your verdict and valid 14 days. $34 / $55 / $125.
Full refund within 14 days of purchase if you have not placed a trade.
Where is it offered?
Pipstone Funded isn't offered in the United States and its territories, the United Kingdom, the European Economic Area, Switzerland, the United Arab Emirates, or countries under international sanctions. The list can change.
Be first when evaluations open.
You're on the list
One email to when evaluations open. Nothing else.
One email when sales open. Nothing else.
Pipstone Funded is a trading-skill evaluation programme. All trading takes place on simulated accounts using live market data. No real capital is allocated and no trade reaches a real market.