Prop trading firm PipFarm launched multi-currency accounts, allowing traders to fund and trade challenges in USD, EUR, or GBP. The change removes conversion fees and reportedly eliminates the need to calculate exchange rates, a common obstacle for global users.

Funding in Local Currencies

Under the new system, $490, €490, or £490 each reportedly grants access to a $100,000, €100,000, or £100,000 challenge respectively. PipFarm now plans to add Japanese yen accounts soon, reflecting a broader effort to accommodate traders across regions.

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“Moreover, this update positions PipFarm among a growing handful of prop firms leaning into currency localization, an increasingly important move as prop trading continues to expand beyond Western markets, the company explained.

“By allowing traders to operate fully in their native currency, PipFarm reduces FX risk, offers a more predictable pricing model, and builds smoother onboarding pathways for new traders.”

Currency conversion has long been a challenge for traders participating in funded evaluations. By enabling local currency accounts, PipFarm aims to reduce extra costs and provides a clearer financial picture.

Growing Beyond Western Markets

The move comes as the prop trading industry grows beyond Western markets. Multi-currency support is increasingly seen as a necessary step for firms seeking to attract and retain international traders.

Expect ongoing updates as this story evolves.

Source: Finance Magnates