
Pipcy
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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
Instruments & payment methods
Instruments
Payment methods
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
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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