Saint Lucia prop firm funding forex, metals, indices, energy and crypto traders on cTrader and Match Trader, with accounts from $5K to $100K scaling to $400K and a reward split up to 100%.
Anniversary buy-one-get-one. Buy any challenge and a second account of the same size activates immediately, with no pass and no payout required. Pipstone advertised August 3, 2026 as the end date and the code was still live on their checkout page on August 4, 2026. One code per purchase, so it does not combine with PICKR.
Evergreen partner code. Works on Instant, 1-Step and 2-Step across all five account sizes, taking the 2-Step $10K from $99.00 to $64.35 and the Instant $100K from $999.00 to $649.35. Applies to new evaluations, not to add-ons.
Pass and take one reward, and Pipstone returns the fee you paid for the challenge. A passed 2-Step $10K bought with PICKR effectively costs nothing once the first payout clears.
Funded accounts start on an 80% reward split. The reward-split add-on raises it to 100%, and total allocation scales to $400,000.
Nothing expires, there is no minimum daily-profit requirement, and there are no restricted windows around news releases. Minimum 3 trading days before progressing or requesting a reward. Drawdown is static, not trailing.
Withdrawals run on a weekly or bi-weekly cycle depending on program, paid by bank transfer, Wise or crypto, and Pipstone reports an average reward time of roughly 8 hours after approval.
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Pipstone Capital is a proprietary trading firm that funds forex, metals, indices, energy and crypto traders with simulated accounts from $5,000 to $100,000, scaling to a total allocation of $400,000. The legal entity is Pipstone Capital Ltd, incorporated in Saint Lucia with operational offices in Limassol, Cyprus and Dubai, and the founder and CEO is Umair Raja. The firm marked its first anniversary in August 2026, and took "Best Funded Trader Program of the Year 2025" at the ProFX Awards in Dubai that December.
There are only two live Pipstone codes worth your time, and they do very different jobs.
MT5BOGO is the anniversary buy-one-get-one offer: buy any challenge and a second account of the same size is activated immediately. No pass required, no payout required, both accounts live at once. Pipstone's own banner listed August 3, 2026 as the end date, and the code was still being advertised on their checkout page when we checked it on August 4, 2026, so treat it as a sale in injury time. If it has gone by the time you reach checkout, fall back to PICKR.
PICKR is the evergreen partner code: 35% off every account size, on all three programs. It is not a flash sale, so it is the code to use when you are buying one account and want the cheapest reliable entry.
Assume one code per purchase. We have not been able to confirm that MT5BOGO and PICKR stack, and prop-firm checkouts almost never allow two codes on the same order. Pick the one that matches what you are actually buying: BOGO if you want two accounts, PICKR if you want one cheap one.
This is the table nobody else publishes. List price is what you pay with no code; the third column is the price after the 35% PICKR discount.
| Account size | List price | With PICKR (35%) | You save |
|---|---|---|---|
| $5,000 | $49.00 | $31.85 | $17.15 |
| $10,000 | $99.00 | $64.35 | $34.65 |
| $25,000 | $249.00 | $161.85 | $87.15 |
| $50,000 | $349.00 | $226.85 | $122.15 |
| $100,000 | $599.00 | $389.35 | $209.65 |
Targets: 8% then 5%. Max daily loss 5%, max overall loss 10%. Weekly payout cycle.
| Account size | List price | With PICKR (35%) | You save |
|---|---|---|---|
| $5,000 | $59.00 | $38.35 | $20.65 |
| $10,000 | $119.00 | $77.35 | $41.65 |
| $25,000 | $299.00 | $194.35 | $104.65 |
| $50,000 | $429.00 | $278.85 | $150.15 |
| $100,000 | $699.00 | $454.35 | $244.65 |
Target: 10%. Max daily loss 4%, max overall loss 8%. Bi-weekly payout cycle.
| Account size | List price | With PICKR (35%) | You save |
|---|---|---|---|
| $5,000 | $89.00 | $57.85 | $31.15 |
| $10,000 | $169.00 | $109.85 | $59.15 |
| $25,000 | $399.00 | $259.35 | $139.65 |
| $50,000 | $599.00 | $389.35 | $209.65 |
| $100,000 | $999.00 | $649.35 | $349.65 |
No profit target. Max daily loss 5%, max overall loss 10%. Weekly or bi-weekly payouts.
Quick facts: reward split 80% base, scalable to 100% with the reward-split add-on. Max allocation $400,000. Platforms cTrader and Match Trader. Payouts weekly to bi-weekly, averaging around 8 hours after approval. Challenge fee refunded on your first payout.
Buy-one-get-one only beats 35% off if you genuinely want two accounts. On the $100,000 2-Step, MT5BOGO gets you two accounts for $599, which is $299.50 each, against $389.35 for a single account with PICKR. That is the lowest per-account price Pipstone has put on the table. Buy an account you did not need, though, and BOGO is just full price with a spare you will never trade.
Funded Pipstone accounts cover FX, metals, indices, energy and crypto. Leverage is 1:100 on FX, 1:50 on metals, 1:20 on indices and energy, and 1:2 on crypto. FX runs on raw spreads; crypto carries no commission. You trade on cTrader or Match Trader from a single dashboard. Iran, North Korea, Syria and Cuba are restricted.
For a firm barely a year old the rulebook is unusually trader-friendly: no time limits, no consistency rule, static drawdown, news trading allowed and a fee refund on first payout. The trade-off is the one every young prop firm carries, a short payout history, so size your first purchase accordingly. Start on a 2-Step $10K with PICKR at $64.35, get a payout on the board, then scale.
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The three usual culprits are: a minimum-spend threshold you have not hit, a new-customer-only restriction, or a category exclusion baked into the offer. Try the next code on this page (we list several working options for that reason) and flag the failing one with 👎 so we can investigate.
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