Overall Rating: ★★★☆☆ (3.7/5)

Broker Overview

PipFarm is an emerging forex and CFD broker aiming to provide traders with low-cost trading opportunities across a variety of global markets. Positioned primarily for retail clients, PipFarm focuses on offering straightforward account options, competitive spreads, and a user-friendly trading environment. In this PipFarm review, we explore its key features, trading platforms, account types, regulatory status, fees, and whether it stands up to the competition.

Key Features of PipFarm

PipFarm offers a range of features designed to attract beginner and intermediate traders:

• Variety of Markets: Forex, commodities, indices, and cryptocurrencies.
• Low Minimum Deposit: Starting from just $50.
• Tight Spreads: From 0.0 pips on specific accounts.
• High Leverage: Up to 1:500 depending on jurisdiction.
• MetaTrader 4 Platform: Access to the world’s most popular trading platform.
• Bonus Promotions: Occasional offers for new clients.

PipFarm focuses on delivering low-cost, accessible trading with a particular emphasis on forex markets.

Account Types Offered by PipFarm

PipFarm provides a choice of account types to cater to different trading preferences:

• Standard Account:
  • No commissions
  • Spreads from 1.5 pips
  • Best for beginners
• Pro Account:
  • Raw spreads from 0.0 pips
  • Commission of $6 per round trip
  • Suitable for more active traders

Both accounts offer leverage up to 1:500 outside major regulated regions and are available in various base currencies.

Trading Platforms and Tools

PipFarm offers support for the widely respected MetaTrader 4 platform:

• MetaTrader 4 (MT4): Customisable charts, a wide range of technical indicators, and automated trading capabilities through Expert Advisors (EAs).

Currently, PipFarm does not offer MetaTrader 5 or a proprietary platform, which may limit options for some advanced traders.

Regulation and Security

PipFarm’s regulatory information is limited. As of this review:

• Regulatory Status: Operates as an offshore broker with no confirmed licensing from major authorities like ASIC, FCA, or CySEC.

The absence of recognised regulatory oversight is a significant consideration for traders prioritising client fund protection and regulatory security.

Fees and Spreads

PipFarm maintains a competitive fee structure:

• Spreads:
  • Standard Account: From 1.5 pips
  • Pro Account: From 0.0 pips
• Commissions:
  • Pro Account: $6 per round trip
• Deposit/Withdrawal Fees: None charged by PipFarm
• Inactivity Fees: No inactivity fees reported

Overall, trading costs are competitive, especially for Pro Account holders seeking tight spreads.

Deposit and Withdrawal Options

PipFarm offers several methods for deposits and withdrawals:

• Deposit Methods: Credit/debit cards, bank transfers, e-wallets, and cryptocurrencies
• Withdrawal Methods: Same as deposit methods
• Processing Time: Withdrawals are typically processed within 24 to 48 hours

While PipFarm itself does not charge deposit or withdrawal fees, external provider fees may apply.

Customer Support

PipFarm’s customer service options are available throughout the trading week:

• Support Hours: 24/5
• Contact Methods: Live chat, email, and support ticket system
• Help Centre: Limited FAQs and basic trading guides

While live chat responses are usually fast, the breadth of available support resources is more limited compared to major brokers.

Educational Resources

PipFarm’s educational offering is relatively basic:

• Trading Guides: Covering platform basics and trading principles.
• Market News: Occasional updates and commentary.
• Webinars: Limited availability.

PipFarm would benefit from a more comprehensive educational portal, particularly for supporting newer traders.

Pros and Cons of PipFarm

Pros:

• Low minimum deposit requirement
• Competitive spreads on Pro Accounts
• Access to the trusted MetaTrader 4 platform
• High leverage options up to 1:500

Cons:

• Lack of recognised regulation
• Limited platform and tool choices
• Educational resources are basic
• No proprietary platform or MetaTrader 5 support

Who Should Choose PipFarm?

PipFarm is best suited for:

• Beginner Traders: Thanks to its low deposit requirements and simple account options.
• Cost-Conscious Traders: Who prioritise tight spreads and low commissions.
• High-Leverage Traders: Who seek leverage beyond the limits of heavily regulated brokers.

However, traders focused on strong regulatory protection and advanced trading tools might prefer more established brokers.

Conclusion

PipFarm offers an affordable and accessible trading environment focused on forex and CFDs, with the advantage of low minimum deposits and competitive spreads. However, the absence of top-tier regulation, limited educational support, and fewer platform options are important considerations. Overall, PipFarm is a reasonable choice for traders who are primarily seeking low costs and high leverage, but it may not meet the needs of those who value regulation and a broader platform selection.