# Pipcy — rules, pricing and payouts

> Pipcy — proprietary trading firm tracked by Prop Firm Pal.

**Source:** https://propfirmpal.com/firms/unverified/pipcy  
**Generated:** 2026-10-06  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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## Key terms
| Field | Value |
| --- | --- |
| Verification | Listed, not verified |
| Community rating | no reviews yet |
| Evaluation types | not published |
| Cost to a $100,000 funded account | not published |
| Cheapest entry price | not published |
| Instant funding | not offered |
| Account sizes | not published |
| Maximum profit split | not published |
| Phase 1 profit target | not published |
| Daily drawdown | not published |
| Maximum drawdown | not published |
| Platforms | not published |
| Instruments | not published |
| Payment methods | not published |
| Payout methods | not published |
## 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 | Conquest Services Limited |
| Headquarters | Dubai, United Arab Emirates |
| In our traffic record | Since November 2025 (9 months) |
| Traffic, last three months | Growing fast (+318% to August 2026) |

- Company: "Conquest Services Limited Registration No. ICC20240979" — https://pipcy.com/terms-of-service
- Headquarters: "Office No. 416, Burlington Tower, Business Bay, P.O. Box 487644, Dubai, United Arab Emirates" — https://pipcy.com/terms-of-service

## What this firm publishes

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.

_Compiled from Pipcy's own published pages, retrieved 2026-09-14. Not independently verified by Prop Firm Pal._

| Field | Value | Source |
| --- | --- | --- |
| legalName | Conquest Services Limited | [published page](https://pipcy.com/terms-of-service) |
| headquarters | Dubai, United Arab Emirates | [published page](https://pipcy.com/terms-of-service) |
| founders | Omer Ben Matityahu | [published page](https://pipcy.com/about) |
| ceo | Omer Ben Matityahu | [published page](https://pipcy.com/about) |
| platforms | MetaTrader 5, Pipcy Trading Platform | [published page](https://pipcy.com/faq) |
| instruments | 28 forex currency pairs (Pips Mastery) | [published page](https://pipcy.com/faq) |
| availableAssets | Forex, Cryptocurrencies, Indices, Commodities | [published page](https://pipcy.com/faq) |
| paymentMethods | Credit and debit cards, Bank transfer, PayPal, Cryptocurrency, Local payment solutions | [published page](https://pipcy.com/faq) |
| payoutFrequency | First Reward Payment 14 calendar days after the first trade, then every 7 calendar days | [published page](https://pipcy.com/faq) |
| restrictedCountries | Russia, Myanmar, Iran, Sudan, Syria, North Korea, Afghanistan, Belarus, Central African Republic, Cuba, Democratic Republic of the Congo, Ethiopia, Lebanon, Lib | [published page](https://pipcy.com/terms-of-service) |
| maxProfitSplitPercent | 100 | [published page](https://pipcy.com/faq) |
| positioning | Funding through the Pipcy Classic challenge and what it calls an industry-first PIPs-based evaluation, with free education and in-house technology | [published page](https://pipcy.com/about) |
| targetTrader | Both experienced traders and traders proving their skills for the first time | [published page](https://pipcy.com/faq) |
| maxAccountSize | 100000 | [published page](https://pipcy.com/faq) |
| maxAllocation | 3000000 | [published page](https://pipcy.com/challenges/growth) |
| scalingPlan | 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  | [published page](https://pipcy.com/challenges/growth) |
| refundPolicy | Refund must be requested within 7 days of registration and only if no trading has occurred; fees are non-refundable once simulated trading starts | [published page](https://pipcy.com/terms-of-service) |
| inactivityPolicy | Access is suspended if a purchased Challenge is not activated within 35 calendar days; renewal can be requested by email | [published page](https://pipcy.com/terms-of-service) |
| kycRequirements | Required only before the first Reward Payment, not before trading | [published page](https://pipcy.com/faq) |
| minPayoutAmount | $100 after the applicable profit split | [published page](https://pipcy.com/faq) |
| payoutProcessingTime | Within 48 hours | [published page](https://pipcy.com/faq) |
| supportChannels | Live chat, Email | [published page](https://pipcy.com/faq) |
| supportHours | 24/7 | [published page](https://pipcy.com/faq) |
| fees | [object Object] | [published page](https://pipcy.com/faq) |

## Frequently asked questions

### 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.

### How do Pipcy payouts work?

The first Reward Payment can be requested 14 calendar days after your first trade, with at least 5% realized profit, 5 Active Trading Days and no open positions, then every 7 calendar days. The minimum is $100 after the profit split, Pipcy says payments are processed within 48 hours, and KYC is required before the first one.

### Does Pipcy allow news trading and EAs?

News trading is allowed on all Pipcy Challenge and funded accounts. Software, AI and high-frequency trading that could abuse Pipcy's systems or give an unfair advantage are prohibited, along with martingale, grid trading and latency arbitrage.

### Does Pipcy have a consistency rule?

Pipcy does not publish a profit-based consistency percentage on the pages read. Its terms do prohibit opening positions noticeably larger than your other trades.

### How many accounts can you have at Pipcy?

Up to 3 active Challenge accounts and 1 funded account per trader, regardless of challenge type or platform. Copy trading between two Pipcy accounts is not permitted.

### Does Pipcy refund the challenge fee?

Only before you trade. A refund must be requested within 7 days of registration if no trading has occurred; once simulated trading starts, fees are non-refundable.

### Which countries are restricted at Pipcy?

Pipcy's terms exclude sanctioned jurisdictions including Afghanistan, Belarus, Central African Republic, Cuba, Democratic Republic of the Congo, Ethiopia, Iran, Lebanon, Libya, Mali, Myanmar, Nicaragua, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen and Zimbabwe. The list is not exhaustive.

### Is Pipcy legit?

Pipcy's terms are issued by Conquest Services Limited, registration no. ICC20240979, with an office in Business Bay, Dubai. Pipcy says it is not regulated by authorities such as the FCA, ASIC or CySEC, and its terms let it restrict, suspend or terminate an account at its sole discretion if it judges a strategy commercially unacceptable.

## Related pages
- [Pipcy rules](https://propfirmpal.com/firms/unverified/pipcy/rules) — markdown: https://propfirmpal.com/firms/unverified/pipcy/rules.md
- [Pipcy payouts](https://propfirmpal.com/firms/unverified/pipcy/payouts) — markdown: https://propfirmpal.com/firms/unverified/pipcy/payouts.md
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- [Pipcy web traffic history](https://propfirmpal.com/firms/unverified/pipcy/traffic)