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Pipcy

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pipcy.com

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Pipcy Review: Rules, Profit Split & Payouts

Pipcy is a forex prop firm whose distinctive product is Pips Mastery, an evaluation that sets the profit target and maximum loss in pips and fixes the lot size. It runs alongside the Pipcy Classic challenge, sold as a 1-step or 2-step. Account sizes run from $2,500 to $100,000, and the terms state there are no daily loss limits and no time limit on any challenge model. Pipcy Classic covers forex, indices, commodities and crypto, while Pips Mastery is forex only, on 28 currency pairs. Traders use MetaTrader 5 or the Pipcy Trading Platform, and the terms are issued by Conquest Services Limited, based in Dubai.

The Pipcy Classic 1-step challenge sets an 18% profit target and the 2-step asks for 12% then 6%, each with a 12% maximum loss. Pips Mastery allows a 250-pip maximum loss, with a 500-pip target on Mastery X2 and 750 pips on Mastery X3. Every model needs 3 minimum trading days. News trading is allowed, and so is holding over the weekend, but the terms ban opening a position 2 hours or less before a market closes for 2 hours or longer. Martingale, grid trading, HFT and latency arbitrage are prohibited, hedging is allowed only within one account, and copy trading only from an external account you own. A trader may hold up to 3 Challenge accounts and 1 funded account.

The Pipcy profit split starts at 80% and rises to 100% over the nine levels of its Growth Plan, which adds 50% to the balance for every 25% of profit kept in the account for at least 90 calendar days, up to $3,000,000. The first payout, which Pipcy calls a Reward Payment, can be requested 14 calendar days after the first trade with at least 5% realized profit and 5 Active Trading Days, then every 7 calendar days. The minimum is $100 and Pipcy says payments are processed within 48 hours; KYC is needed only before the first payout. A refund must be requested within 7 days of registration and only before any trade is placed.

Pips Mastery: target and maximum loss counted in pips, with a fixed lot size, forex only

Pipcy Classic 1-step (18% target) and 2-step (12% then 6%), both with a 12% maximum loss

No daily drawdown and no time limit on any challenge

Account sizes from $2,500 to $100,000, scaling up to $3,000,000

Profit split from 80% rising to 100% through the Growth Plan

First payout 14 calendar days after the first trade, then every 7 days, $100 minimum

News trading allowed; martingale, grid trading and HFT prohibited

Refund only within 7 days of registration and before any trade

Is Pipcy legit?

Prop Firm Pal has not verified Pipcy, so this is not an endorsement: it is what the record shows. Its own pages name the operating company as Conquest Services Limited, in Dubai, United Arab Emirates. Its website has been active in Prop Firm Pal's monthly traffic record since November 2025, and traffic over the last three months is growing fast. Its payout policy is published, and summarised on the Payouts tab.

Record

What we hold

Company

What we hold

Conquest Services Limited

Headquarters

What we hold

Dubai, United Arab Emirates

In our traffic record

What we hold

Since November 2025 (9 months)

Traffic, last three months

What we hold

Growing fast (+318% to August 2026)

In Pipcy's words

Company: “Conquest Services Limited Registration No. ICC20240979” pipcy.com/…/terms-of-service

Headquarters: “Office No. 416, Burlington Tower, Business Bay, P.O. Box 487644, Dubai, United Arab Emirates” pipcy.com/…/terms-of-service

Pipcy trading platforms

MetaTrader 5
P
Pipcy Trading Platform

Instruments & payment methods

Instruments

28 forex currency pairs (Pips Mastery)

Payment methods

Credit and debit cards
Bank transfer
PayPal
Cryptocurrency
Local payment solutions

Pipcy challenges & plans

Plan

Type

Account size

Profit target

Max drawdown

Drawdown type

Profit split

Min trading days

Pipcy Classic One-Step

Type

1-step

Account size

$2.5K

Profit target

18%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic One-Step

Type

1-step

Account size

$5K

Profit target

18%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic One-Step

Type

1-step

Account size

$10K

Profit target

18%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic One-Step

Type

1-step

Account size

$25K

Profit target

18%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic One-Step

Type

1-step

Account size

$50K

Profit target

18%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic One-Step

Type

1-step

Account size

$100K

Profit target

18%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic Two-Step

Type

2-step

Account size

$2.5K

Profit target

12%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic Two-Step

Type

2-step

Account size

$5K

Profit target

12%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic Two-Step

Type

2-step

Account size

$10K

Profit target

12%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic Two-Step

Type

2-step

Account size

$25K

Profit target

12%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic Two-Step

Type

2-step

Account size

$50K

Profit target

12%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pipcy Classic Two-Step

Type

2-step

Account size

$100K

Profit target

12%

Max drawdown

12%

Drawdown type

static

Profit split

80%

Min trading days

3

Pips Mastery X2

Type

—

Account size

$2.5K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X2

Type

—

Account size

$5K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X2

Type

—

Account size

$10K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X2

Type

—

Account size

$25K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X2

Type

—

Account size

$50K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X2

Type

—

Account size

$100K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X3

Type

—

Account size

$2.5K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X3

Type

—

Account size

$5K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X3

Type

—

Account size

$10K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X3

Type

—

Account size

$25K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X3

Type

—

Account size

$50K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pips Mastery X3

Type

—

Account size

$100K

Profit target

—

Max drawdown

—

Drawdown type

—

Profit split

80%

Min trading days

3

Pipcy trading rules

Rule

Stance

Condition

News trading

Stance

Permitted

Condition

—

Expert advisors and automated trading

Stance

Conditional

Condition

Software, AI, high-frequency trading or mass data entry that could abuse Pipcy's systems or give an unfair advantage is prohibited; EAs are not otherwise addressed

Copy trading

Stance

Conditional

Condition

Only from an external account you own (another broker or prop firm); copy trading between two Pipcy accounts is not permitted

Hedging

Stance

Conditional

Condition

Allowed within a single account; hedging across Pipcy accounts or with other firms is prohibited

Martingale and grid strategies

Stance

Not permitted

Condition

—

High-frequency and latency arbitrage

Stance

Not permitted

Condition

—

Consistency rule

Stance

Applies

Condition

No profit-based consistency percentage found; the terms prohibit positions noticeably larger than your other trades

Weekend holding

Stance

Conditional

Condition

Holding over the weekend is allowed, but opening a position 2 hours or less before a market closes for 2 hours or longer is prohibited gap trading

Overnight holding

Stance

Conditional

Condition

Allowed during the Challenge; a funded Pipcy Account must close all open positions at the end of each Reference Period, a period not defined on the pages read

Minimum trading days

Stance

Applies

Condition

3 days on Pipcy Classic One-Step, Two-Step and Pips Mastery; a Reward Payment also needs 5 Active Trading Days

Time limit

Stance

None

Condition

No time limit

Maximum number of accounts

Stance

Applies

Condition

Up to 3 active Challenge accounts and 1 funded account per trader

Account sharing

Stance

Not permitted

Condition

—

News trading is permitted on all Challenge and funded accounts, provided the other trading rules are followed.

Software, AI, high-frequency trading or mass data entry that could abuse Pipcy's systems or give an unfair advantage is prohibited; EAs are not otherwise addressed on the pages read.

Copy trading is allowed only from an external account you own, such as one at another broker or prop firm, and never between two Pipcy accounts.

Hedged positions are allowed within a single account, but hedging across Pipcy accounts or against another firm is prohibited.

Martingale strategies and grid trading are prohibited.

Latency trading, arbitrage of any kind and strategies that exploit price errors or delays are prohibited.

Pipcy publishes no profit-based consistency percentage, but its terms prohibit positions noticeably larger than your other trades.

Opening a position 2 hours or less before a market closes for 2 hours or longer is prohibited gap trading.

Positions may be held overnight during the Challenge, but a funded Pipcy Account must close all open positions at the end of each Reference Period.

Every challenge model requires at least 3 trading days.

There is no time limit on any current challenge model.

Each trader may hold up to 3 active Challenge accounts and 1 funded account at a time.

Third parties may not trade or access a trader's Challenge account.

Pipcy payout rules

Payout

Detail

Profit split

Detail

Up to 100%

Payout frequency

Detail

First Reward Payment 14 calendar days after the first trade, then every 7 calendar days

Processing time

Detail

Within 48 hours

Minimum payout

Detail

$100 after the applicable profit split

Pipcy account policies

Policy

Detail

Refund policy

Detail

Refund must be requested within 7 days of registration and only if no trading has occurred; fees are non-refundable once simulated trading starts

Scaling plan

Detail

Growth Plan with nine levels: on Pipcy Classic, reaching 25% accumulated profit kept in the account and holding the account at least 90 calendar days qualifies for a free Scale Up that raises the balance by 50%, with the profit split rising from 80% to 100%; on Pips Mastery every 700 accumulated pips raises the fixed lot size by 50%

Inactivity

Detail

Access is suspended if a purchased Challenge is not activated within 35 calendar days; renewal can be requested by email

KYC

Detail

Required only before the first Reward Payment, not before trading

Support

Detail

24/7

Pipcy fees

Fee

Amount

Applies to

Trading commission

Amount

$6 round-trip per standard Forex lot; zero on cryptocurrencies, indices and commodities

Applies to

—

Firm details

Detail

As published

Legal name

As published

Conquest Services Limited

Headquarters

As published

Dubai, United Arab Emirates

Pipcy restricted countries

🇷🇺Russia
🇲🇲Myanmar (Burma)
🇮🇷Iran
🇸🇩Sudan
🇸🇾Syria
🇰🇵North Korea
🇦🇫Afghanistan
🇧🇾Belarus
🇨🇫Central African Republic
🇨🇺Cuba
Democratic Republic of the Congo
🇪🇹Ethiopia
🇱🇧Lebanon
🇱🇾Libya
🇲🇱Mali
🇳🇮Nicaragua
🇸🇴Somalia
🇸🇩Sudan
🇻🇪Venezuela
🇾🇪Yemen
🇿🇼Zimbabwe

Pipcy web traffic, month by month

Prop Firm Pal has tracked Pipcy's website traffic every month since November 2025. In August 2026 the site received an estimated 108.94K visits, down 65% on the month before and up 318% over three months.

Its busiest month on record was July 2026 at roughly 312.95K visits. Traffic now is 65% below that peak.

Growth of this size usually means active marketing rather than anything about payout reliability. A firm can grow quickly and still have strict rules.

These are third-party estimates of website visits, collected once a month and stored against the month they describe. They are not trader counts, funded-account numbers or revenue.

Month

Estimated visits

Change

November 2025

Estimated visits

2.00K

Change

—

December 2025

Estimated visits

162

Change

-92%

February 2026

Estimated visits

8.55K

Change

+5178%

March 2026

Estimated visits

110.07K

Change

+1187%

April 2026

Estimated visits

3.64K

Change

-97%

May 2026

Estimated visits

26.06K

Change

+616%

June 2026

Estimated visits

220.14K

Change

+745%

July 2026

Estimated visits

312.95K

Change

+42%

August 2026

Estimated visits

108.94K

Change

-65%

How Pipcy compares in size

Measured on estimated monthly website visits for August 2026, Pipcy ranks 92 of the 477 prop firms Prop Firm Pal tracks — larger than 81% of them, at roughly 108.94K visits a month.

The ranking covers every firm measured between June 2026 and August 2026, each on its own latest reading in that window. Firms last measured before June 2026 are left out rather than shown with a stale figure, so the total moves month to month.

Size is not quality. A large firm is one that markets successfully, and several of the most visited firms in this ranking have the strictest rules; some of the smallest pay out reliably to everyone who asks. What the ranking is useful for is scale — whether you are looking at an established operation or something very new.

Similar-sized firm

Monthly visits

Monthly visits

112.28K

Monthly visits

110.73K

Monthly visits

104.78K

Monthly visits

104.70K

FAQs

What is Pipcy's profit split?

Pipcy's profit split starts at 80% and rises to 100% through its Growth Plan. The split steps up across nine levels as the account balance grows, reaching 100% at level 9.

What are the Pipcy challenge rules?

The Pipcy Classic 1-step needs an 18% profit target and the 2-step needs 12% then 6%, both within a 12% maximum loss. Every model needs 3 minimum trading days and has no time limit.

Does Pipcy have a daily drawdown?

No. Pipcy's terms state there are no daily loss limits for any of its challenge models, so only the overall maximum loss applies: 12% on Pipcy Classic and 250 pips on Pips Mastery.

How does the Pipcy Pips Mastery challenge work?

Pips Mastery measures performance in pips with a fixed lot size tied to the account balance. It allows a 250-pip maximum loss, with a 500-pip target on Mastery X2 or 750 pips on Mastery X3, and trades 28 forex pairs only.

How much does a Pipcy challenge cost?

Pipcy shows its challenge prices beside a 50%-off promotional price, so this profile does not quote fixed prices. Account sizes run from $2,500 to $100,000 across Pipcy Classic and Pips Mastery.

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