PipFarm has added a Classic mode to Pay With Profits, the model where traders pay a small upfront fee and the rest of the challenge fee comes out of their first payout.
Classic drops the consistency score and the profitable days requirement. To pass, traders only need to reach the profit target while staying within the limits:
- Profit target: 12% in the one-stage version, or 9% and then 6% in the two-stage version
- Limits: 3% max risk, 5% daily loss and 10% static max loss
- Minimum trading days: 3
- Account sizes: $5K, $10K, $20K, $50K, $100K and $150K
Upfront fees range from $17 to $259 in the one-stage version and from $11 to $189 in the two-stage version. Classic sits alongside the Consistency and Endurance modes that Pay With Profits already offered.
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