Piptradex Review
- Minimum Deposit $250
- Free Demo Account
- Some people find it quite complicated to calculate the pip when starting first
Overview
Piptradex is a scam broker that allows you to trade currencies on exchange (foreign exchange), stocks, commodities, and indices. The broker claims to be certified in the European Union (EU) under the trademark of Piptradex Investment (Europe) Limited.
We question their licensing fane due to gibberish. Piptradex has an official website that is full of lies. Broker’s official website claims to be legitimately regulated in offshore companies such as EU, Virgin Island, Malta, Vanuatu, Grenadines, and Saint Vincent.
The broker does not provide information on how much deposit is required to open a real trading account. It also has a demo account. We are pretty sure no when has signed up the broker. The complete information on the broker’s website is bogus; they made it themselves. The main question here is, Is Piptradex legit? Is it a trustworthy broker?
This review explains it:
Is Piptradex legit or a Scam?
Unfortunately, Piptradex is a scam broker. Also, It would be best if you stayed away from this broker, and do not even open the demo account with it. We are 100% sure customers will face an awful experience if they dare to sign up with the broker for any deposit money. When they deposit money, it will disappear soon. Some of the scamming proofs are mentioned below
Broker is not regulated
The biggest lie on the Piptradex website is that the broker is fully regulated. Piptradex is not a regulated broker because its license number in Malta is different and belongs to an unrelated company. Piptradex is only a trap. The fraudulent broker is abusing the identity of any other company to fool people. Deposits are not protected in any way; if you invest your money here, your deposits can disappear anytime.
Dubbed stock photos as Testimonials
Fake testimonials are another proof that you are dealing with Piptradex. All the testimonials available on Piptradex websites are fake. You can quickly identify the pictures they use for testimonials are stock images. It means reviews are not genuine, and the broker made them up. Probably no one has signed up this broker just yet.
Fake awards
Another red flag is raised when you examine the awards of a scam broker. Piptradex claims to be an award-winning broker. They have not won any award so far because Piptradex purchased a domain in august 2021 and how it could be possible to win a prize in 2020. It is just another lie.
Piptradex Review
Piptradex claims to be a fully regulated broker, but it is not. Their website says they have a proven record of 25 years. It is another lie. Also, In the about us section, you will find very little information about the company, and its logo clearly shows a lack of inspiration. They use more spaces to add more lies. The website’s outlook is so fundamental that you can easily understand that Piptradex is a struggling broker.
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Advantages and disadvantages of Piptradex
- Pips provide you a clear idea of how much you win or lose in each trade
- 24/7 customer service
- Some people find it quite complicated to calculate the pip when starting first
- Pips are primarily used in forex trading and cannot be applied to other assets
- Website popularity is very poor
- It is a threat profile.
- The domain is low rank.
