Rules
The rules, in plain numbers.
Rules version: 19 October 2026
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. Traders who pass receive performance rewards, paid from Pipstone Funded's own funds, of up to 100% of their simulated profits.
| Rule | One-Phase | Two-Phase |
|---|---|---|
| Can end an evaluation | ||
| Daily loss of starting balance | 3% | 5% |
| Max loss of starting balance; never trails | 6% static | 10% static |
| What you qualify by — never a breach | ||
| Profit target | 10% | 8% then 5% |
| Minimum trading days | none | 3 in total — not per phase |
| Consistency rule on the evaluation | none | none |
| On the funded account | ||
| 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. | 1.0% → 1.5% → 2.0% | 1.0% → 1.5% → 2.0% |
| Profit split rising on each completed payout | 80% → 90% → 100% | 80% → 90% → 100% |
| Your fee back | 2nd completed payout | 2nd completed payout |
| Payouts | first at 14 days, then every 14 | first at 14 days, then every 14 |
| Everywhere | ||
| Minimum hold per trade: closing inside it is refused, never a breach. A take profit set inside it waits until the 30 seconds have passed, then fills at its price on the next touch. A stop loss, stop-out or forced close is never held. | 30 seconds | 30 seconds |
| Leverage | true 1:100 | true 1:100 |
| Time limit An evaluation closes after 30 days with no trading, and we email you at day 23. | none | none |
| Paid evaluations at once a funded account does not count | up to 3 | up to 3 |
Rules we don't have
No news restriction
Trade the release. No news restriction anywhere — trial, evaluation, funded.
No weekend or overnight rule
Hold through both. Anywhere — trial, evaluation, funded.
No martingale clause
No subjective clause anybody has to interpret about you after the fact.
No lot-variance rule
Size your trades how you size your trades.
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.