# 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…

**Source:** https://propfirmpal.com/firms/unverified/pipstone-capital/rules  
**Generated:** 2026-09-25  
**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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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.

_Compiled from 32 of Pipstone Capital's own published pages, read on 13 September 2026. Not verified by Prop Firm Pal: every value is what Pipstone Capital states about itself, quoted with the page it came from. A firm can change its rules at any time, so check the linked page before you pay for an account._

## Pipstone Capital drawdown rules

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.

| Plan | Account size | Max drawdown | Drawdown type | Daily loss limit | Profit target |
| --- | --- | --- | --- | --- | --- |
| 2-Step Challenge | $5K | — | Static | 5% ($250) | 8% |
| 2-Step Challenge | $10K | — | Static | 5% ($500) | 8% |
| 2-Step Challenge | $25K | — | Static | 5% ($1,250) | 8% |
| 2-Step Challenge | $50K | — | Static | 5% ($2,500) | 8% |
| 2-Step Challenge | $100K | — | Static | 5% ($5,000) | 8% |
| 1-Step Challenge | — | — | Static | 4% | 10% |
| Instant Funding | — | 5% | Trailing | 3% | — |

- Plan figures: "2-Step: Max daily loss 5%, max overall loss 10%." — https://help.pipstonecapital.com/en/articles/11983693-what-are-the-drawdown-rules

## Pipstone Capital consistency rule

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

| Topic | What the firm states |
| --- | --- |
| Consistency rule | Applies — Encouraged but not enforced in all plans; no percentage published |

- Consistency rule: "Consistency Rule: Encouraged, but not enforced in all plans." — https://help.pipstonecapital.com/en/articles/11969066-what-are-the-trading-rules

## Pipstone Capital minimum trading days and time limit

| Topic | What the firm states |
| --- | --- |
| Minimum trading days | Applies — 3 minimum trading days per 1-Step and 2-Step phase; Instant Funding needs 5 profitable days (0.5% growth each) within a rolling 30-day window |
| In the plan figures | 3 days |
| Time limit | None — No time limit |

- Minimum trading days: "You need at least 5 profitable days within a rolling 30-day period." — https://help.pipstonecapital.com/en/articles/12590944-what-is-the-instant-funding-model-and-how-does-it-work
- Time limit: "No — take as long as you need." — https://help.pipstonecapital.com/en/articles/11983864-is-there-a-time-limit-to-complete-challenges

## Pipstone Capital news trading, EA and copy trading rules

| Topic | What the firm states |
| --- | --- |
| News trading | 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 |
| Expert advisors and automated trading | Conditional — Only with human-like logic; EAs built for scalping, latency arbitrage, grid trading or rapid-fire execution are not allowed, and an EA shared with other traders must use unique settings |
| Copy trading | Conditional — Only between accounts owned by the same person, with the Pipstone account as master; copying between different people, group trading, signal sharing and passing services are prohibited |
| Hedging | Not permitted |
| Martingale and grid strategies | Conditional — Grid systems are prohibited; averaging into a losing trade is capped at four open entries, while the same terms elsewhere allow only one additional position at a worse price, no larger than the original |
| High-frequency and latency arbitrage | Not permitted |

- News trading: "News trading is allowed across all models." — https://help.pipstonecapital.com/en/articles/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." — https://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 ." — https://help.pipstonecapital.com/en/articles/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." — https://help.pipstonecapital.com/en/articles/13787008-prohibited-trading-practices-enforcement-policy
- Martingale and grid strategies: "A maximum of four (4) open entries is allowed under such circumstances." — https://pipstonecapital.com/terms-conditions
- High-frequency and latency arbitrage: "High-frequency trading or any activity that resembles HFT is strictly prohibited." — https://pipstonecapital.com/terms-conditions

## Pipstone Capital weekend and overnight holding

| Topic | What the firm states |
| --- | --- |
| Weekend holding | Permitted |
| Overnight holding | Permitted |
| Trading hours | Weekdays and weekends on Instant Funding accounts |

- Weekend holding: "Yes — weekend holding and news trading are allowed across all models." — https://help.pipstonecapital.com/en/articles/11983871-can-i-hold-trades-over-the-weekend
- Overnight holding: "Overnight trade holding is permitted on all our models." — https://help.pipstonecapital.com/en/articles/11983871-can-i-hold-trades-over-the-weekend
- Trading hours: "Trading Allowed: Weekdays & weekends" — https://help.pipstonecapital.com/en/articles/12590944-what-is-the-instant-funding-model-and-how-does-it-work

## Pipstone Capital scaling plan

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.

| Topic | What the firm states |
| --- | --- |
| Largest account size | $100,000 |
| Maximum allocation | $400,000 |

- Scaling plan: "Pipstone Capital’s Scaling Plan rewards consistent and profitable traders by increasing their funded account size by 25% every 3 months." — https://help.pipstonecapital.com/en/articles/11969035-what-is-the-scaling-plan
- Largest account size: "$5,000 $10,000 $25,000 $50,000 $100,000" — https://pipstonecapital.com/challenges
- Maximum allocation: "Scale your simulated account to $400K and take bigger positions as you grow." — https://pipstonecapital.com/

## Other Pipstone Capital account rules

| Topic | What the firm states |
| --- | --- |
| Maximum number of accounts | Applies — Multiple accounts allowed with no stated cap, but they are reviewed together and risk distribution or account stacking across them is prohibited |
| Prohibited instruments | Not stated on the pages we read |
| Account sharing | Not permitted |
| Resets | A free account reset is sold as a checkout add-on |

- Maximum number of accounts: "Pipstone Capital allows traders to operate multiple accounts and to use trade-copying software between their accounts." — https://help.pipstonecapital.com/en/articles/14071668-multi-account-risk-manipulation-policy
- Account sharing: "Use third-party accounts or pass challenges on behalf of others" — https://pipstonecapital.com/terms-conditions
- Resets: "100% Reward Split, Weekly Rewards, Free Account Reset." — https://pipstonecapital.com/challenges

## Not found on Pipstone Capital's pages

- a maximum overall loss for the 1-Step and 2-Step challenges that is consistent across the pages read
- which account sizes the 1-Step and Instant Funding programs offer
- the profit split on Instant Funding accounts

## Frequently asked questions

### What are Pipstone Capital's drawdown rules?

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

### Does Pipstone Capital have a consistency rule?

Yes. Encouraged but not enforced in all plans; no percentage published.

### Does Pipstone Capital have a scaling plan?

Yes. 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.

### Does Pipstone Capital allow news trading?

Only under conditions. 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.

### Does Pipstone Capital allow EAs and automated trading?

Only under conditions. Only with human-like logic; EAs built for scalping, latency arbitrage, grid trading or rapid-fire execution are not allowed, and an EA shared with other traders must use unique settings.

### Does Pipstone Capital allow copy trading?

Only under conditions. Only between accounts owned by the same person, with the Pipstone account as master; copying between different people, group trading, signal sharing and passing services are prohibited.

### Can you hold trades over the weekend at Pipstone Capital?

Yes. Pipstone Capital's own pages permit holding positions over the weekend.

### Does Pipstone Capital have minimum trading days?

Yes. 3 minimum trading days per 1-Step and 2-Step phase; Instant Funding needs 5 profitable days (0.5% growth each) within a rolling 30-day window.

### Is there a time limit at Pipstone Capital?

No. No time limit.

## Related pages

- [Pipstone Capital profile](https://propfirmpal.com/firms/unverified/pipstone-capital) — markdown: https://propfirmpal.com/firms/unverified/pipstone-capital.md
- [Pipstone Capital payouts](https://propfirmpal.com/firms/unverified/pipstone-capital/payouts) — markdown: https://propfirmpal.com/firms/unverified/pipstone-capital/payouts.md
- [Pipstone Capital web traffic history](https://propfirmpal.com/firms/unverified/pipstone-capital/traffic) — markdown: https://propfirmpal.com/firms/unverified/pipstone-capital/traffic.md