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Updated 2026-03-08
Topstep vs PipFarm: Which Prop Firm Is Better?
Traders choosing between Topstep and PipFarm face a decision between an established futures prop firm and a newer Forex-focused challenger with vastly different payout structures. The most striking difference is PipFarm's 99% profit split versus Topstep's 50-90% scaling model, while Topstep offers no daily loss limits compared to PipFarm's 2% cap. This comparison examines their evaluation processes, risk parameters, and payout terms to help you determine which firm aligns with your trading style and goals.
T
Topstep
Est. 2012 · Chicago, USA
4.4
14,000 reviews
VS
3 wins
3 ties
4 wins
P
PipFarm
Est. 2023 · N/A
4.3
1,000 reviews
Feature
Topstep
PipFarm
Challenge Price ($100K)
N/A
$750
Max Daily Loss
No limit✓ No daily loss limit
2%
Max Total Loss
N/A
6%
Min Trading Days
5 days
None✓ No minimum
Time Limit (Phase 1)
No limit✓ No time limit
90 days
Payout Split
50% (up to 90%)
99%✓ Higher profit split
Payout Frequency
daily✓ Faster payouts
7 days
Platforms
N/A
cTrader✓ More platform options
Topstep
Pros
+Performance-based capital release structure with 20% initial access scaling to full balance
+Daily payout eligibility after 30 benchmark trading days with up to 90% profit split
+Performance bonus program offering over $250,000 in cash bonuses for consistent traders
+Dynamic risk expansion that adjusts daily loss limits as account balance grows
+Live Funded Account structure designed to help transition from simulated to live trading
Cons
−Must maintain account balance above $0 at all times or forfeit account
−Initial payout split limited to 50% until reaching 30 benchmark trading days
−Account automatically closed if inactive for 90 days
−All positions must be closed by 3:10 PM CT daily
−Protective stops required on every open position
PipFarm
Pros
+Highest profit share in the industry at up to 99%
+Multiple challenge modes (Classic, Endurance, Consistency) to suit different trading styles
+Fast scaling program up to $1.5M maximum allocation
+Flexible payout intervals with weekly option available
+Experience points system with increasing benefits and profit share up to 99%
Cons
−Relatively new firm founded in 2023 with limited track record
−Limited to cTrader platform only
−Complex rule structure with multiple modes may be confusing for beginners
−90-day time limit resets after each payout adding pressure
−Many features require additional fees as add-ons
Our Verdict
Which Should You Choose?
Topstep is the better choice for futures traders and those who need maximum flexibility in their trading approach. With no daily loss limits, no time pressure during evaluation, and daily payouts, it's ideal for swing traders and those who occasionally take larger drawdowns. The 12-year track record and 14,000+ Trustpilot reviews provide solid credibility, though the lower initial profit split means you'll earn less per dollar of profit initially.
PipFarm suits Forex traders who can consistently stay within tight risk parameters and want to maximize their profit retention. The 99% payout split is exceptional, but the 2% daily loss limit and 90-day evaluation window require disciplined, consistent performance. However, being founded in 2023 with only 1,000 reviews raises questions about long-term stability.
For most traders, Topstep's flexibility and proven track record outweigh PipFarm's higher profit split. Choose PipFarm only if you're an experienced Forex trader with exceptional risk management who can reliably avoid 2% daily losses.
Choose Topstep if:
→Performance-based capital release structure with 20% initial access scaling to full balance
→Daily payout eligibility after 30 benchmark trading days with up to 90% profit split
→Performance bonus program offering over $250,000 in cash bonuses for consistent traders
→Dynamic risk expansion that adjusts daily loss limits as account balance grows
Choose PipFarm if:
→Highest profit share in the industry at up to 99%
→Multiple challenge modes (Classic, Endurance, Consistency) to suit different trading styles
→Fast scaling program up to $1.5M maximum allocation
→Flexible payout intervals with weekly option available
Disclaimer:This comparison is for informational purposes only. Prop firm rules change regularly — always verify current terms on each firm's official website before purchasing a challenge. This is not financial advice. Updated 2026-03-08.