Pipstone Capital is a proprietary trading firm designed to help skilled traders access capital without risking their own funds. Unlike traditional brokerage platforms, Pipstone does not profit from trader losses or commissions. Instead, its revenue model is based on evaluating traders through performance-based challenges, and partnering with them to share in the profits they generate.
Traders begin by selecting one of two challenge types: the 1-Step Challenge or the 2-Step Challenge. Each challenge has specific profit targets, drawdown limits, and simple rules that must be followed. Once a trader successfully completes the evaluation, they are awarded a fully funded account, allowing them to trade with firm capital and earn a flat 90% of their profits.
The firm provides a transparent, rule-based environment that promotes disciplined, responsible trading. Pipstone is committed to building a global community of traders who are evaluated on merit, not capital. Whether you’re just starting out or looking to scale your trading, Pipstone offers a pathway to do so without financial pressure.