Pipstone Capital
Official siteDubai prop firm founded in June 2025, running its whole evaluation and funded programme on cTrader at a flat $3.5 per lot across every asset class.
- Trading since 2025
About Pipstone Capital
Pipstone Capital is a Dubai-based proprietary trading firm founded on 3 June 2025 and led by CEO Umair Raja, offering funded accounts through an evaluation model built around cTrader.
Pipstone Capital is listed with a Trustpilot score of 4.3/5 across 83 reviews at the time of this August 2026 review. Account sizes, profit split and challenge conditions are not published on its comparison profile, so confirm them on the official website before purchasing.
- Flat $3.5 per lot commission on every asset class, including stocks
- cTrader throughout, with Apple Pay, Google Pay, card and crypto at checkout
- 20% off with code CTRADER, plus $50 off a first purchase
- Headquarters
- Dubai, UAE
- Founded
- 2025
- Years in operation
- 1 yr
- Last reviewed
- August 2026
Trading details
Instruments and features
Pipstone Capital covers FX, metals, indices, crypto and stocks, all traded on cTrader at a flat $3.5 per lot.
The programme runs entirely on cTrader. Commission is a flat $3.5 per lot across FX, metals, indices, crypto and stocks. Challenge steps, targets, drawdown limits and the profit split are not published on the comparison profile — check the firm's own rulebook.
What traders gain and give up with Pipstone Capital
Pros
- Flat $3.5 per lot commission on every asset class, including stocks
- cTrader throughout, with Apple Pay, Google Pay, card and crypto at checkout
- 20% off with code CTRADER, plus $50 off a first purchase
Cons
- Founded in June 2025 — the shortest track record in this directory
- cTrader only
- Account sizes, profit split and challenge targets are not published on the comparison profile
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Disclaimer
Figures on this page describe a third-party trading service and are not an offer of investment services or financial advice. Spreads, fees, leverage and bonus terms change without notice — confirm them on Pipstone Capital's own site before you deposit. Profile data sourced from fxpropsignal.com.