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ForexNot recommended

Pipstone Capital 2-Step Challenge Rules and Prices

Saint Lucia-registered firm with instant, 1-step and 2-step programs up to 100K on cTrader, MT5 and Match-Trader.

CyprusReviewed by PickMyFirmUpdated Oct 28, 2026

We don't recommend this firm, so we don't list a code.

We don't recommend Pipstone Capital. It's out of our lists, rankings and coupons. Details below are kept for reference only. See why

All Pipstone Capital challenges /

2-Step Challenge

2-step

Default split 80%, up to 100% with an add-on. Fee refunded with the first payout. Leverage 1:100. The 100K price (599 USD) was not re-read this round because the page lagged.

How it works

  1. 1

    Phase 1

    Make 8% profit without losing more than 12% overall or 5% in one day, trading on at least 3 days.

  2. 2

    Phase 2

    Make 5% profit without losing more than 12% overall or 5% in one day, trading on at least 3 days.

  3. 3

    Funded

    Keep following the same loss limits. You keep up to 100% of the profit.

Every account size

AccountPriceProfit targetDaily lossMax lossCost per $1K
$5K$49$400 → $250$250$600$9.80
$10K$99$800 → $500$500$1,200$9.90
$25K$249$2,000 → $1,250$1,250$3,000$9.96
$50K$349$4,000 → $2,500$2,500$6,000$6.98
$100K$599$8,000 → $5,000$5,000$12,000$5.99

Static: Your loss limit is fixed from the starting balance. Profits never move it up, so gains give you extra room.

Other 2-step forex challenges at $25K