PipFarm is a newly listed prop firm on propvator.com, and traders can get the best discount for PipFarm on their page here.
However, the main question is whether PipFarm allows news trading, which is important for both day traders and scalpers.
The Simple Answer
News trading is permitted with PipFarm in all phases of the prop firm account, including both challenge and evaluation.
There are some rules regarding gap trading during major economic news or events that should be noted, but these will not result in an account breach.
2 Step Challenge
| Stage | News Trading Allowed? |
|---|---|
| Step 1 (Challenge) | Yes |
| Step 2 (Challenge) | Yes |
| Funded Account | Yes |
PipFarm News Trading Restrictions
PipFarm previously had news trading restrictions, but these have now been fully removed, allowing traders to trade news events without worrying about their account being breached.
However, traders should be cautious of gap trading, which may occur during both scheduled macroeconomic events and global news.
PipFarm defines gap trading in their website as follows:
Gap trading is the act of opening positions to benefit from potential price gaps.
Gap trading is prohibited during the following:
- Major macroeconomic events
- Major news
- Within 2 hours before or after market closures (30+ minutes)
- Positions held over weekends
Breaching The Rule
If this rule is breached, profits from price gaps exceeding 0.2% will be removed.
PipFarm Discount Code
If PipFarm’s news trading rules suit your strategy, grab the best discount on their page here for a top-tier trading experience.