Name of Broker – PipsFXTrade
Website – http://pipsfxtrade.com/
Regulated By – None
Warning Issued By – Not Recommended By Review Website Like All Scam Reports
If you are thinking to invest with PipsFXTrade but avoid the scams, read the PipsFXTrade review and get to know about the scam activities of broker in detail.
The era of the internet has made people habitual of getting the benefits at the earliest. This sometimes leads people to ignore the harmful effect of the online world. There are so many online platforms that enable you to gain endless information and profits from them. One such platform to earn a higher yield is online trading. A number of investors whether new or experienced, with little or no knowledge, are curious and trying their hands on online trading, without realizing the genuineness of the trading platforms and trading market. One of the major drawbacks here lies is the scam done by scam brokers who can be any Scam Forex broker, Scam Cryptocurrency broker, Scam Investment company, Romance/Dating scammer, Pet scammer or any type of scammer. These brokers have a unique yet common way of finding their victims either through cold calling, creating fake websites, or a pop-up advertisement. There have been proofs of scam activities done by PipsFXTrade broker as All Scam Reports Team has done a thorough investigation.
How do you find whether PipsFXTrade broker is scam or legit-
When you are looking for a trade, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged this Review in our scam broker 2022 list of scam brokers.
Regulation Status of PipsFXTrade-
The regulation status of a broker is one of the most critical points while choosing the right broker. Here, this broker seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that the broker has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with.
Complaints Against PipsFXTrade Broker –
A number of complaints and negative PipsFXTrade reviews have been found on various online review sites. A low rating on several online platforms makes it clear that the broker has a negative reputation among the investors. The investors have accused them of being scam brokers and state how they have been victims of the PipsFXTrade scam and lost all their money and efforts to them.
Leverages and Accounts
The genuine brokers that are operating in the market often require low deposits as high deposits are not in the favour of the regulatory bodies. Whereas, this broker tends to charge a huge deposit amount that is a major red flag to avoid moving further with your investment journey. The same criteria goes with leverage, as the leverage offered by legit firms is low and in small amounts. Whereas, the broker tends to offer high leverage, shaping it as a scam broker.
Final Thoughts –
All Scam Reports Team advise the user to avoid investing here, as we have found that PipsFXTrade broker is suspicious, and operating without any legal license. There have been proofs of some suspicious activities similar to the signs mentioned in the above points. So it can be concluded that PipsFXTrade is a potential scam broker. Investors should always remember that the scammers don’t have any right to take away their funds with illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers. All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill a small complaint form and we will be in touch with you shortly with a Free consultation.