Prop trading has a new way to keep score. The shift comes from Pipcy, a proprietary trading firm whose Pips Mastery Challenge has opened a new category of trader evaluation. If others follow, the record will show prop trading’s first pip-based evaluation model was built at Pipcy. Both variants of the Pips Mastery Challenge are available now at pipcy.com/challenges/pips-mastery. The firm offers the industry-first pip-based Pips Mastery Challenge and the flexible Pipcy Classic Challenge, backed by free education through Pipcy Academy, in-house technology, and performance splits of up to 95 percent.