Pipstone Capital
- Founded
- 2025
- Headquarters
- Dubai, UAE
- Last reviewed
- August 2026
- 4.3
- Trustpilot
- 1
- Years in business
Firm details
A Dubai-based proprietary trading firm offering funded accounts through a transparent and trader-focused evaluation model.
Evaluations and funded accounts run on cTrader.
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.
- CEO
- Umair Raja
- Founded
- 2025
- Headquarters
- Dubai, UAE
- Years in business
- 1 yr
Instruments and assets
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.
Commissions
| Assets | Commission |
|---|---|
| Forex | $3.5 per lot |
| Metals | $3.5 per lot |
| Indices | $3.5 per lot |
| Crypto | $3.5 per lot |
| Stocks | $3.5 per lot |
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
Consistency rules
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Firm rules
- Minimum trading days
- — of activity are required before the evaluation can be passed.
Payout policy
- Profit split
- —
- Payout cycle
- —
- Max allocation
- —
- Consistency rule
- —
Pipstone Capital key specs
- Profit split
- —
- Max allocation
- —
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Disclaimer
Figures on this page describe a simulated-trading evaluation product and are not an offer of investment services or financial advice. Pricing, drawdown limits and payout terms change without notice — confirm the exact plan on Pipstone Capital's own site before you buy. Profile data sourced from fxpropsignal.com.