Pipstone Capital Rules

Pipstone Capital's plans state a maximum drawdown of 5% of the account size (drawdown type: static and trailing), across 7 plans. A consistency rule applies: encouraged but not enforced in all plans; no percentage published. News trading is conditional: allowed on all models, including through high-impact releases; the prohibited-practices policy separately bans layering buy and sell orders solely to exploit volatility and gap trading in high volatility.

Pipstone Capital's plans state a maximum drawdown of 5% of the account size (drawdown type: static and trailing), across 7 plans.

A daily loss limit of 3% to 5% is stated on 7 of 7 plans; where a plan shows a dash, no daily figure is recorded for it.

Dollar amounts are the published percentage applied to the account size.

In Pipstone Capital's words

Plan figures: “2-Step: Max daily loss 5%, max overall loss 10%.” help.pipstonecapital.com/…/11983693-what-are-the-drawdown-rules

A consistency rule caps how much of your total profit a single trading day may account for. Here is what Pipstone Capital states.

In Pipstone Capital's words

Consistency rule: “Consistency Rule: Encouraged, but not enforced in all plans.” help.pipstonecapital.com/…/11969066-what-are-the-trading-rules

In Pipstone Capital's words

Minimum trading days: “You need at least 5 profitable days within a rolling 30-day period.” help.pipstonecapital.com/…/12590944-what-is-the-instant-funding-model-and-how-does-it-work

Time limit: “No — take as long as you need.” help.pipstonecapital.com/…/11983864-is-there-a-time-limit-to-complete-challenges

In Pipstone Capital's words

News trading: “News trading is allowed across all models.” help.pipstonecapital.com/…/11969066-what-are-the-trading-rules

Expert advisors and automated trading: “Automated systems, Expert Advisors (EAs), or bots are permitted only if they operate with human-like logic, such as risk management or strategy automation that mirrors realistic manual decision-making.” pipstonecapital.com/…/terms-conditions

Copy trading: “Traders are allowed to use copy trading with their own accounts , whether those accounts are with Pipstone Capital , other prop firms, or retail brokers—provided that all connected accounts are solely owned by the same individual .” help.pipstonecapital.com/…/12855447-is-copy-trading-allowed

Hedging: “Opening simultaneous buy and sell positions on the same instrument, or coordinating offsetting exposure across multiple related accounts, is strictly prohibited.” help.pipstonecapital.com/…/13787008-prohibited-trading-practices-enforcement-policy

Martingale and grid strategies: “A maximum of four (4) open entries is allowed under such circumstances.” pipstonecapital.com/…/terms-conditions

High-frequency and latency arbitrage: “High-frequency trading or any activity that resembles HFT is strictly prohibited.” pipstonecapital.com/…/terms-conditions

In Pipstone Capital's words

Weekend holding: “Yes — weekend holding and news trading are allowed across all models.” help.pipstonecapital.com/…/11983871-can-i-hold-trades-over-the-weekend

Overnight holding: “Overnight trade holding is permitted on all our models.” help.pipstonecapital.com/…/11983871-can-i-hold-trades-over-the-weekend

Trading hours: “Trading Allowed: Weekdays & weekends” help.pipstonecapital.com/…/12590944-what-is-the-instant-funding-model-and-how-does-it-work

Funded account size increased by 25% every 3 months with at least 8% profit over the 3 months, no rule breaches and active trading each month; no cap on the number of scale-ups.

In Pipstone Capital's words

Scaling plan: “Pipstone Capital’s Scaling Plan rewards consistent and profitable traders by increasing their funded account size by 25% every 3 months.” help.pipstonecapital.com/…/11969035-what-is-the-scaling-plan

Largest account size: “$5,000 $10,000 $25,000 $50,000 $100,000” pipstonecapital.com/…/challenges

Maximum allocation: “Scale your simulated account to $400K and take bigger positions as you grow.” pipstonecapital.com (the page is ambiguous on this)

In Pipstone Capital's words

Maximum number of accounts: “Pipstone Capital allows traders to operate multiple accounts and to use trade-copying software between their accounts.” help.pipstonecapital.com/…/14071668-multi-account-risk-manipulation-policy

Account sharing: “Use third-party accounts or pass challenges on behalf of others” pipstonecapital.com/…/terms-conditions

Resets: “100% Reward Split, Weekly Rewards, Free Account Reset.” pipstonecapital.com/…/challenges

These were not stated on the pages of Pipstone Capital's site we read. They may be published somewhere we did not look, which makes them the questions to put to its support desk before paying.