XPIPS is a forex and crypto prop firm operated by XPIPS Technologies Limited, a UK company that Companies House lists as incorporated on 24 September 2025. It offers several evaluation models, including an Instant Evaluation, a 1-Step, a 2-Step and the Pay After Pass 1-Step, traded on MetaTrader 5 with leverage of up to 1:100 depending on the programme. The challenge price is the same small amount for every account size, and the rules are forgiving for a one-step evaluation: a 4% profit target against an 8% static maximum loss. The main limits sit on the payout side. Payouts are offered in crypto, with BTC, ETH and USDT among the listed options. The first payout comes after a 30-day cycle. The firm also has about two years of history and a small self-reported payout total. On these terms it fits traders who can receive payouts through UPI far better than anyone else.
Who operates XPIPS
The firm trades under the XPIPS name through XPIPS Technologies Limited, a company based in the United Kingdom. It was founded in 2024, giving it about two years of operation, which is short for a prop firm. Young firms often change trading rules, payout cycles and pricing as they adjust their model, and there is little history showing how XPIPS behaves through changes in market conditions or in its own finances.
The firm’s own announcements describe two recent launches:
- Pay After Pass evaluations, presented as free to start, with fees charged only after a trader passes.
- A free $1,000 trial challenge lasting 14 days.
The trial is a promotion separate from the seven paid account sizes, and the firm does not describe it as a funded account that pays out.
The Pay After Pass 1-Step challenge
All seven XPIPS challenges use the same program and the same rule set. Only the account size changes: $5K, $10K, $25K, $50K, $100K, $200K and $300K.
Cost
For the $100K Pay After Pass account the site lists $539.01, charged only after a trader passes, and the homepage advertises a start price of $9.99. A flat price across sizes is unusual. At most firms the fee scales with the account, so a $300K evaluation costs many times what a $5K one does. At XPIPS the charge is identical, which makes the largest account the cheapest per dollar of notional capital.
The model’s name and the firm’s announcement say fees are charged only after passing, in which case a failed attempt costs nothing. Even if the fee were charged upfront, a failed attempt would cost $10.
Evaluation rules
The rules are identical across every account size:
| Rule | XPIPS Pay After Pass 1-Step |
|---|---|
| Steps | 1 |
| Profit target | 4% |
| Daily loss limit | 5% |
| Maximum loss | 8%, static |
| Minimum trading days | None |
| Leverage | 1:30 |
The $100K account has no time limit.
Worked example ($100K account):
- Profit target: 4% of $100,000 = $4,000. The account passes at $104,000.
- Daily loss limit: 5% of $100,000 = $5,000 of loss allowed within one day.
- Maximum loss: 8% of $100,000 = $8,000. Because the drawdown is static, the floor sits at $92,000 and stays there. It does not move up as the account gains.
A static maximum loss is easier to manage than a trailing one. With a trailing drawdown, every new equity high pulls the floor up behind it, so a trader who gains $3,000 and then gives back $3,000 can end up closer to failure than at the start. With a static floor, the $92,000 line is fixed regardless of how the account moves above it.
The target-to-drawdown ratio is 1:2. The trader needs to make 4% and has 8% of room to lose before the account fails, so the loss buffer is twice the size of the goal, a relatively forgiving balance for a one-step evaluation.
The daily loss limit is wider than the target. One bad day of 5% would breach the daily limit even though it stays inside the 8% maximum loss.
With no minimum trading days, a trader could in principle reach the 4% target in a single session. The consistency rule below applies to the reward stage, so it does not block a fast pass, but it changes how profits must be spread once funded.
Consistency rule
XPIPS has one consistency rule: no single day above 20% of your reward. The rule is tied to the reward, meaning the profit that counts toward a payout, rather than to the evaluation target.
Worked example (taking reward as the total profit counted for a payout cycle): if a funded trader’s profit for the cycle is $5,000, no single day may contribute more than 20% of that, or $1,000. A $1,800 day would break the rule unless total cycle profit rose to at least $9,000, since $1,800 is 20% of $9,000.
A direct consequence of the arithmetic: if no day can exceed 20% of the total, the total has to come from at least five profitable days. A strategy that earns most of its return from a few large days, such as news trading or holding through big moves, will collide with this rule more often than one that grinds out steady daily gains. Traders who scale up position size after a strong day can also push that day over the limit relative to the rest of the cycle.
Platform, instruments and leverage
XPIPS runs on MetaTrader 5 only. MT5 supports expert advisors, custom indicators and multiple order types, so traders already using it can carry over their setups.
Instrument coverage spans FX, metals, indices, crypto and commodities.
Leverage is 1:30 across all accounts. That is lower than the 1:100 seen at many forex prop firms. Margin required equals the position’s notional value divided by 30. On a $100K account, for example, a trade with $300,000 of notional exposure would tie up $10,000 of margin. Lower leverage limits how large a position can be opened, which also limits how fast a trader can hit, or blow through, the 5% daily limit with a single trade.
Payouts
| Term | XPIPS |
|---|---|
| Profit split | Up to 85% / 85% / 80% / 65% |
| Payout frequency | 30d → 21d → 14d |
| Processing time (firm-reported) | 24 hours |
| Payout method | UPI |
| Total paid (firm-reported) | $460,000 |
Profit split. The split is advertised as “up to 85%,” with four figures given: 85%, 85%, 80% and 65%.
Payout frequency. Payouts follow a schedule of 30 days, then 21, then 14, so intervals shorten on later cycles. A trader planning around cash flow should expect to wait a full month for the first withdrawal.
Processing time. The firm reports processing within 24 hours of an approved request. This is the firm’s own figure.
UPI as the only method. UPI is India’s real-time bank payment system, linked to Indian bank accounts. There is no bank wire, card or crypto option, so a trader without a UPI-linked account has no way to receive a payout. This is the most practical eligibility point in the review: for traders in India it is convenient and fast; for traders elsewhere it may rule the firm out before any trading rule matters.
Total paid. XPIPS reports $460,000 in total payouts. That places it 47th of 50 firms that publish a payout total. Firms at the top of that list report totals in the hundreds of millions or more, though most of them have operated far longer. The figure is self-reported, and a lifetime total says nothing about how many traders were paid, the size of individual payouts, or how many requests were denied.
Terms to confirm. Several conditions are not spelled out and are worth checking in the firm’s terms before buying:
- whether the $10 fee is charged upfront or only after passing
- whether the daily loss limit is measured from balance or equity, and when it resets
- how “reward” is defined for the consistency rule
- whether account sizes other than $100K have a time limit
- which of the four profit split figures applies to which stage or condition
- whether the 30, 21 and 14-day intervals apply in that order to successive payouts
Until the split is clear, treat 85% as the ceiling rather than the default.
Trustpilot reviews
XPIPS holds a 3.8 rating on Trustpilot from 319 reviews. The distribution is sharply split:
- 5 stars: 188
- 4 stars: 7
- 3 stars: 13
- 2 stars: 9
- 1 star: 94
Only 29 of 311 reviews sit between two and four stars. Roughly six in ten are five-star and three in ten are one-star. An average of 3.8 here does not describe a typical “fairly good” experience; it is the midpoint of two large groups with opposite views. Reading a sample of the most recent one-star and five-star reviews on Trustpilot, and looking at whether the firm responds, gives more information than the average does. Keep in mind that Trustpilot’s score is Trustpilot’s own metric and that review volume for a two-year-old firm is still small.
Is XPIPS legit?
XPIPS Technologies Limited is a UK company. A UK limited company can be looked up on the Companies House register, which shows incorporation date, officers and filing status. Registration confirms the company exists; it is not a financial license, and prop firms selling evaluations are generally not regulated as brokers or investment firms.
Beyond the registration, the firm’s public history consists of a 2024 founding date, self-reported payouts and polarized reviews. Together they describe a young, small firm with a low entry price and a narrow payout channel. The low fee limits how much a trader puts at risk on the evaluation itself. The larger exposure is the time spent trading a funded account and waiting a month for a first payout from a firm with a limited public history.
Strengths and trade-offs
Strengths:
- A flat, very low fee across all sizes, including $300K.
- A Pay After Pass model the firm describes as charging fees only after passing.
- One step, with a 4% target against an 8% static maximum loss.
- No minimum trading days, and no time limit on the $100K account.
- MetaTrader 5 and a broad set of asset classes.
- Firm-reported 24-hour payout processing.
Trade-offs:
- UPI is the only payout method.
- A 30-day first payout cycle.
- A 20% single-day consistency cap on rewards, which requires profit spread over at least five days per cycle.
- Profit split figures that do not say which stage or condition they apply to, with 85% as the upper bound.
- 1:30 leverage, which caps position size.
- About two years in operation and a small reported payout total.
- A Trustpilot profile split between very positive and very negative reviews.
How we checked XPIPS
We visited xpips.com on 13 November 2026, connecting from Tallinn, Estonia. From the homepage we opened the About us page, the Terms & Conditions, the Risk Disclosure, the Scaling Plan and the pages for the 1-Step and 2-Step Evaluations. We then read the trading rules, the FAQ and the refund policy. The footer names XPIPS Technologies Limited at Unit A, 82 James Carter Road, Mildenhall IP28 7DE, United Kingdom. No licence number appeared anywhere we looked.
The site sells more than one model. We found an Instant Evaluation, a 1-Step Evaluation with a 9% target and a 7% maximum loss, a 2-Step Evaluation and a Pay After Pass 1-Step. For the $100K Pay After Pass account the homepage says “$539.01 charged only after you pass,” with a 4% target, a 5% daily loss limit and an 8% maximum loss. Clicking “Buy Challenge” took us to a checkout on app.xpips.com with prices already on screen. The 5K Instant account, for example, showed $49.00, cut to $29.40 by a Black Friday coupon. That is where we stopped. We did not register, pay or trade. The checkout listed BTC, ETH and USDT among the payout options.
Our search of Companies House returned XPIPS TECHNOLOGIES LIMITED, company number 16738604, status Active. It is a private limited company incorporated on 24 September 2025, at the same Mildenhall address shown in the footer. A company registration is not a financial licence, though. On Trustpilot, which we read on 13 November 2026, the firm scored 3.8/5 from 319 reviews. Of those reviews, 61% were five-star and 30% one-star. The company had not replied to any of the 8 newest. The Wayback Machine’s first capture of xpips.com dates to 2011-02-08. That capture may belong to an earlier owner of the domain.
We could not verify the firm’s claim of $460K+ in rewards paid, or its promise of payment within 24 hours of approval. Both figures come from the firm itself, and we made no withdrawal to test them.
Who XPIPS may suit
XPIPS fits a trader who receives payments through UPI, trades on MT5, and wants a low-cost way to attempt a one-step evaluation, including at large account sizes. A trading style built on steady daily gains with controlled position size lines up with the 1:30 leverage and the consistency rule. Traders who rely on a few large winning days, need fast first withdrawals, or need a payout method other than UPI will find the terms work against them.
Alternatives
| Provider | Score | Fee | Split | Payouts | |
|---|---|---|---|---|---|
| 7.1/10 | $344 | Up to 95% | Once time limit complete | Review | |
| 7.7/10 | $522 | Up to 100% | Bi-Weekly | Review | |
| 7.8/10 | $172 | 90% | DLL Off: Every 5 Days | DLL On: On demand, as soon as all pa | Review |