Not on record yet: VPS policy, consistency rule, payout terms and entry price.
| Category | Weight | Active today | Effective weight today | This firm |
|---|---|---|---|---|
| Rule transparency | 20% | Yes | 20% | 12 of 20 |
| Payout terms and reliability | 18% | Yes | 18% | 10 of 18 |
| Trader reputation | 16% | Yes | 16% | 0 of 16 |
| Challenge value | 12% | Yes | 12% | No data, 0 points |
| Drawdown terms | 10% | Yes | 10% | No data, 0 points |
| Trading flexibility | 8% | Yes | 8% | 8 of 8 |
| Operating history | 6% | Yes | 6% | No data, 0 points |
| Country access | 4% | Yes | 4% | 4 of 4 |
| Platform choice | 3% | Yes | 3% | 2 of 3 |
| Account scale | 3% | Yes | 3% | No data, 0 points |
| Total | 100% | 100% |
Currently active: Rule transparency, payout terms and reliability, trader reputation, challenge value, drawdown terms, trading flexibility, operating history, country access, platform choice and account scale. Effective weight today: 20% / 18% / 16% / 12% / 10% / 8% / 6% / 4% / 3% / 3%.
A category with no data for this firm earns no points in it. Rule Check never changes this score. Full methodology.
What Rule Check reads when it calls this firm compatible or a conflict. Open one to read the rule in the firm’s own words.
“News trading is allowed across all models.”
EAs and bots are allowed on all models only if they behave like realistic manual trading. EA strategies built on scalping, latency arbitrage, grid trading or rapid-fire execution are banned (see hidden rules).
“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.”
The enforcement policy allows copying only between Pipstone Capital accounts owned by the same person. Copying between different people, group trading, signal-sharing schemes and account management are banned. An older FAQ (Nov 2025) also allowed copying from your own accounts at other prop firms or brokers.
“Copy trading is permitted only between Pipstone Capital accounts owned and operated by the same individual.”
Banned when used to get around geographic or compliance restrictions, and doing so ends the service. None of the pages read bans VPNs outright. Pipstone monitors login activity and IP addresses.
“The use of VPNs or falsified residency to bypass geographic or compliance restrictions is strictly prohibited and will result in service termination.”
“Overnight trade holding is permitted on all our models.”
“Yes — weekend holding and news trading are allowed across all models.”
1-Step Challenge. The 2-Step Challenge also requires 3 trading days in each phase. A separate rule requires 3 profitable days per phase, each closing at least 0.5% above the previous high.
“Minimum of 3 trading days, but no time limit—trade at your own pace.”
1-Step and 2-Step funded accounts: first payout 14 calendar days after the first trade, then every two weeks, or weekly with the paid 7-day add-on. Instant Funding: on demand once the required profitable days are met.
“Yes, profit withdrawals can be made after 14 calendar days from the first trade on 1-Step and 2-Step accounts, with subsequent payouts being bi-weekly, unless you select the optional 7-day payout add-on during checkout.”
At least one rule we read can close the account or void profit.
The ranking cannot be bought. We do not earn anything from this firm. Not financial advice.
Traders in these countries cannot open an account here. Firms word these lists as “including but not limited to”, so read it as the floor, not the whole of it.
Restricted jurisdictions include Afghanistan, Myanmar, Cuba, Haiti, Iran, Iraq, North Korea, Libya, Mali, Russia, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela and Yemen.
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