Multi-Account Risk Manipulation Policy

Pipstone Capital allows traders to operate multiple accounts and to use trade-copying software between their accounts. However, trading activity across accounts must represent a genuine and consistent strategy, not a structure designed to manipulate the evaluation or payout system.

When multiple accounts are controlled by the same trader, Pipstone Capital may review trading behavior collectively across all related accounts.

The following activities are considered risk manipulation and are strictly prohibited:

Opening the same or similar trades across multiple accounts while intentionally allocating significantly higher risk to one or more accounts in order to sacrifice those accounts while preserving others.

Example:

Operating multiple accounts simultaneously with the objective of ensuring that at least one account reaches payout eligibility while other accounts absorb losses or fail.

Executing synchronized trades across accounts where the overall trading structure is designed to manipulate drawdown rules, evaluation thresholds, or payout conditions.

Trading structures where losses are intentionally concentrated on specific accounts while profits are preserved on others.

Copy trading between accounts is permitted. However, Pipstone Capital reserves the right to review trading activity across all accounts under common ownership or control and determine whether the overall strategy represents legitimate trading or an attempt to manipulate the firm's risk model.

If such activity is identified, Pipstone Capital may:

This policy exists to ensure fairness for all traders and to maintain the integrity of the trading environment.