Pipcy FAQ: Challenges, Trading Rules, and Reward Payments

Question 1

What is Pipcy?

Accepted Answer

Pipcy is a proprietary trading company that gives skilled traders access to funded trading accounts without risking significant personal capital. Traders complete a transparent Challenge to demonstrate skill, discipline, and risk management. Consistent performance is rewarded with funded trading opportunities, regular Reward Payments, and a long-term Growth Plan.

Pipcy offers multiple Challenge models built for different trading styles and experience levels, whether you are an experienced trader or proving your skills for the first time.

Question 2

Which Challenge is right for me?

Accepted Answer

Pipcy offers two Challenge models: Pipcy Classic, a traditional evaluation based on profit targets (One-Step or Two-Step), and Pips Mastery, an evaluation measured in pips using fixed position sizing (X2 or X3 variants). Account sizes range from $2,500 to $100,000. If you are unsure, start with the Free Trial.

Question 3

What is the Pipcy Free Trial?

Accepted Answer

The Pipcy Free Trial lets you experience the trading environment before purchasing a Challenge, including a simulated profit target and maximum drawdown. It is not a funded Challenge and does not qualify for Reward Payments. It is available through the Client Area.

Question 4

How do I get started with Pipcy?

Accepted Answer

Choose the Challenge that fits your trading style, complete your purchase, receive your trading account credentials by email, and log in to your preferred platform. KYC is only required before your first Reward Payment.

Question 5

What happens if I fail a Challenge?

Accepted Answer

If you breach a Challenge rule, the Challenge account is closed and the evaluation ends. A failed Challenge does not affect any other active Challenge accounts you hold. You can purchase a new Challenge at any time and start again.

Question 6

Is Pipcy regulated?

Accepted Answer

No. Proprietary trading firms are not subject to a dedicated regulatory framework like brokers, so Pipcy is not regulated by authorities such as the FCA, ASIC, or CySEC. Pipcy works with regulated liquidity providers and operates with transparent Trading Rules and a reliable Reward Payment process.

Question 7

Which trading platforms does Pipcy support?

Accepted Answer

Pipcy supports MetaTrader 5 (MT5) and the Pipcy Trading Platform. Both provide a simulated trading environment that replicates real market conditions. You choose your platform when purchasing your Challenge.

Question 8

Can I change my Challenge type or platform after purchasing?

Accepted Answer

Yes, but only if you have not placed any trades. Once trading activity has started, the Challenge configuration cannot be changed.

Question 9

Which instruments can I trade?

Accepted Answer

Pipcy Classic provides access to Forex (all major and minor pairs), Cryptocurrencies (BTC, ETH, and more), Indices (S&P 500, NASDAQ, DAX), and Commodities (gold, silver, oil). Pips Mastery is designed exclusively for Forex and currently includes 28 currency pairs.

Question 10

What are Pipcy's trading conditions?

Accepted Answer

Pipcy provides a simulated trading environment that closely replicates real market execution: raw market spreads, $6 round-trip commission per standard Forex lot, zero commissions on Cryptocurrencies, Indices, and Commodities, a Swap-Free option, no daily drawdown limit, a minimum of 3 trading days, overnight and weekend holding allowed, and news trading allowed.

Question 11

Does Pipcy offer Swap-Free accounts?

Accepted Answer

Yes. Swap-Free accounts are available and can be selected during checkout before purchasing your Challenge.

Question 12

Can I review the trading conditions before purchasing?

Accepted Answer

Yes. The Pipcy Free Trial lets you explore the platform, review available instruments, and experience execution quality under the same conditions as the Challenge programs.

Question 13

What is a Reward Payment?

Accepted Answer

A Reward Payment is Pipcy's term for a profit payout: the process through which eligible traders withdraw profits generated on their funded account, subject to eligibility requirements and a Compliance Review. Reward Payments are processed within 48 hours.

Question 14

What is the Pipcy profit split?

Accepted Answer

Pipcy's profit split starts at 50% and scales up to 95% through the Growth Plan. Funded traders progress through nine Growth Plan levels, with the profit split increasing at each stage alongside the account balance.

Question 15

When can I request a Reward Payment?

Accepted Answer

You can request your first Reward Payment 14 calendar days after placing your first trade, provided you have at least 5% realized profit, at least 5 Active Trading Days, no open positions, and a successful Compliance Review. After that, you can request Reward Payments every 7 calendar days. The minimum Reward Payment is $100 after the applicable profit split.

Question 16

What happens during the Reward Payment review?

Accepted Answer

Every Reward Payment request goes through a Compliance Review to verify your trading complies with the Trading Rules and Program Terms. Most reviews are completed within 48 hours.

Question 17

What happens after my Reward Payment is approved?

Accepted Answer

Your Reward Payment is processed using your selected payment method. Your account is temporarily paused during processing and reactivated once the payment is completed. If you withdraw only part of your profits, the remainder stays in your account.

Question 18

What happens if my Reward Payment request is not approved?

Accepted Answer

Pipcy explains the reason and, where applicable, provides information about your account status. Depending on the reason, you may be able to continue trading and submit a new request once eligibility requirements are met.

Question 19

Can I withdraw all or only part of my profits?

Accepted Answer

Yes. If you meet the Reward Payment eligibility requirements, you can withdraw all or part of your available profits. Remaining eligible profit stays in your trading account according to your program's terms.

Question 20

What is the Growth Plan?

Accepted Answer

The Pipcy Growth Plan rewards consistent performance with account scaling across nine levels, with no scaling fees, no time limits, and no account resets. On Pipcy Classic, every 25% of accumulated profit increases your account balance by 50%. On Pips Mastery, every 700 accumulated pips increases your fixed lot size by 50%. Trading Rules and conditions remain the same at every level.

Question 21

How do I qualify for a Scale-Up?

Accepted Answer

To qualify for a Scale-Up you must, within your current Growth Cycle, achieve 25% realized profit, trade for at least 90 calendar days, request no Reward Payments during the cycle, and pass the Scale-Up review.

Question 22

What happens after reaching 25% profit?

Accepted Answer

Reaching 25% realized profit does not automatically trigger a Scale-Up. Your account is temporarily paused while you choose to either request a Reward Payment or apply for a Scale-Up through the Growth Plan.

Question 23

Can I switch between Reward Payments and the Growth Plan?

Accepted Answer

Yes. Once eligible, you choose between a Reward Payment or continuing toward a Scale-Up. Requesting a Reward Payment during a Growth Cycle resets your Scale-Up progress and starts a new Growth Cycle.

Question 24

What changes after a successful Scale-Up?

Accepted Answer

You receive the next Growth Plan level's benefits: a higher account balance (or higher fixed lot size on Pips Mastery), a higher profit split, greater profit potential, and a new Growth Cycle. Trading Rules, leverage, and conditions remain the same.

Question 25

Is news trading allowed?

Accepted Answer

Yes. News trading is permitted at Pipcy across all Challenge and Funded Accounts, provided all trading activity complies with the Trading Rules.

Question 26

Can I hold trades overnight or over the weekend?

Accepted Answer

Yes. Pipcy allows positions to be held overnight and over the weekend with no restrictions on trades outside normal market hours. Managing gap and volatility risk is the trader's responsibility.

Question 27

Which trading strategies are prohibited?

Accepted Answer

Prohibited practices include Martingale strategies, grid trading, latency arbitrage, platform exploitation, High-Frequency Trading, any strategy exploiting system delays or pricing errors, and any activity intended to manipulate the evaluation process. Violations may result in suspension or permanent termination of the account.

Question 28

Is copy trading allowed?

Accepted Answer

Yes, with limitations. You may copy trades from your own external account, including accounts with another broker or prop firm, provided you own both accounts and follow all Pipcy Trading Rules. Copy trading between two Pipcy accounts is not permitted.

Question 29

Where can I find the complete Trading Rules?

Accepted Answer

The complete Trading Rules are part of the Pipcy Terms of Service. This FAQ does not replace the official Trading Rules, which take precedence in the event of any discrepancy.

Question 30

Is Stop Loss required?

Accepted Answer

No. Using a Stop Loss is not mandatory. However, Pipcy strongly recommends using a Stop Loss as part of proper risk management. Regardless of whether a Stop Loss is used or trades are managed manually, traders are always responsible for ensuring their trading activity complies with all Pipcy trading rules.

Question 31

Does the 4% Position Loss Limit apply to all accounts?

Accepted Answer

No. The 4% Position Loss Limit applies only to PPC (Funded) accounts and does not apply during the Challenge stage. At no time may the floating loss on a single open position exceed 4% of the account's initial balance. Exceeding this limit is considered a violation of the PPC (Funded) Account Rules.

Question 32

How many accounts can I have?

Accepted Answer

You may hold up to 3 active Challenge Accounts at the same time and up to 1 Funded Account at any given time, per trader, regardless of Challenge type or platform.

Question 33

Can I have both Pipcy Classic and Pips Mastery accounts?

Accepted Answer

Yes, provided you stay within the maximum number of permitted Challenge Accounts. Before your first trade, support may be able to switch you between Challenge types; afterwards the Challenge type cannot be changed.

Question 34

When is KYC required?

Accepted Answer

KYC verification is required only before your first Reward Payment. You can purchase a Challenge and begin trading immediately without completing KYC.

Question 35

Can I change my account after purchasing?

Accepted Answer

Yes, in certain situations. If you have not placed your first trade, support may change your platform, switch your Challenge type, or update certain preferences. Once trading has begun, the configuration cannot be changed.

Question 36

What happens if I violate the Trading Rules?

Accepted Answer

Depending on the nature and severity of the violation, action may include a warning, rejection of a Reward Payment request, suspension of the trading account, or permanent termination, as determined by the Compliance Team.

Question 37

Can I register using multiple email addresses?

Accepted Answer

No. Each individual may register only once using a single email address. Registering multiple user accounts under different email addresses, or attempting to bypass this rule, is strictly prohibited. If multiple registrations are detected, Pipcy reserves the right to suspend or permanently terminate all related accounts and associated services.

Question 38

How can I contact Pipcy Support?

Accepted Answer

Pipcy Support is available 24/7 through Live Chat and email, in multiple languages, for questions about your account, Challenges, Reward Payments, or technical issues.

Question 39

I forgot my password. What should I do?

Accepted Answer

Use the Forgot Password option on the login page to reset your password. If you cannot regain access, contact the Support Team.

Question 40

Where can I find my trading account login credentials?

Accepted Answer

Your credentials are in your Client Area under My Challenges, where you can view all active, completed, and failed Challenge accounts and their login details for MT5 or the Pipcy Trading Platform.

Question 41

I can't access my trading account. What should I do?

Accepted Answer

Verify you are using the correct platform, credentials, password, and Challenge account via your Client Area. If the issue persists, contact the Support Team to restore access.

Question 42

Who can join Pipcy?

Accepted Answer

Pipcy is available to traders from most countries worldwide, provided you meet the minimum legal age in your country of residence and comply with the Terms & Conditions. Services are not available in certain restricted jurisdictions.

Question 43

Can I have multiple accounts under different names or email addresses?

Accepted Answer

No. Each trader may register and operate their Pipcy account using their own identity and a single registered email address, which serves as the primary communication channel.

Question 44

Which payment methods does Pipcy accept?

Accepted Answer

Payment methods vary by country and may include Credit & Debit Cards, Bank Transfer, PayPal, Cryptocurrency, and Local Payment Solutions. Available options are displayed automatically during checkout.

Question 45

Where can I find your Terms & Conditions and Privacy Policy?

Accepted Answer

All legal documents, including the Terms of Service (which contains the complete Trading Rules) and Privacy Policy, are available on the Pipcy website at any time and should be reviewed before purchasing a Challenge or requesting a Reward Payment.

Everything You Need to Know