Pipster

Pipster is a Forex/CFD prop firm operated by Data Vantix Ltd in London, offering four programmes on Match-Trader; all trading is simulated. The 1-Phase Challenge ($1K-$100K) has a 10% profit target, 4% daily loss and 8% static maximum loss, and the 2-Phase Challenge ($2.5K-$100K) requires 8% then 5% with 5% daily loss and 10% static maximum loss; neither charges an activation fee after passing. Instant Funded ($1K-$100K) has no profit target, a 3% daily loss and a 10% trailing maximum loss that locks at 96% of the starting balance. Pipster Entry ($5K-$100K) costs $1.99 upfront with an activation fee due only after passing; its evaluation has a 6% target, 6% static maximum loss and no daily loss limit, and an optional $4.99 add-on lowers the target to 3%. Funded Entry accounts have a 3% daily loss and a 6% trailing drawdown that locks at 96%. Funded and Instant Funded accounts may not open trades within 5 minutes of high-impact news or hold positions over the weekend. Payouts use an 80% profit split, with the first eligible after 14 days and weekly after that. Pipster's terms cap total payouts from each purchased account at 12% of its starting balance over the account's lifetime; they do not state explicitly how this cap applies to Pipster Entry.