What is Pips Market？
Pips Market is an unregulated online trading platform that offers a wide range of financial instruments for traders. These include over 70 Forex currency pairs, metals, commodities, and indices, providing ample opportunities for diversification and trading strategies. The platform caters to traders of varying experience levels and capital sizes, offering Silver, Gold, and Diamond accounts, along with an Islamic Account option for Sharia law compliance. The trading platform utilizes MetaTrader 5 (MT5).
Pros & Cons
Pros:
Multiple Market Instruments: The platform offers diverse Market Instruments, including 70+ Forex Currency, Metal, Commodities, and Indices, catering to various trading needs and experience levels.
Diverse Account Types: The platform offers diverse account types, including the Silver Account, the Gold Account, and the Diamond Account, catering to various trading needs and experience levels.
Multiple Customer Support Channels: Pips Market provides various customer support channels including phone, email, address, and contact form, enhancing accessibility and assistance for clients.
Cons:
Is Pips Market Legit or a Scam？
Pips Market currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Market Instruments
Pips Market presents traders with a diverse array of trading instruments, catering to various investment preferences and strategies.
With access to over 70 Forex currency pairs, traders can capitalize on opportunities in the global currency markets, taking advantage of fluctuations in exchange rates to profit from currency movements.
Additionally, Pips Market offers trading opportunities in metals such as gold and silver, providing avenues for investors to hedge against inflation or diversify their portfolios with precious metals.
Moreover, traders can engage in the trading of commodities, including agricultural products, energy resources, and precious metals, enabling them to participate in the dynamics of the commodities market.
Furthermore, Pips Market offers indices trading, allowing traders to speculate on the performance of stock market indices from around the world, providing exposure to broader market trends and opportunities for portfolio diversification.
Account Types
Pips Market provides traders with a selection of account options tailored to accommodate varying levels of trading experience and investment capital.
The Silver Account stands out as an entry-level option, requiring a minimum deposit of $100, making it accessible to traders starting with smaller capital. With this account, traders can access essential features and tools to begin their trading journey.
For those seeking enhanced benefits and trading conditions, the Gold Account offers a compelling option, with a minimum deposit requirement of $1,000. With increased capital, Gold Account holders gain access to premium features and services designed to support their evolving trading strategies.
Furthermore, the Diamond Account caters to experienced traders and high-net-worth individuals, with a minimum deposit of $2,500. This account type offers a comprehensive suite of exclusive benefits and personalized support, empowering traders to optimize their trading experience.
Additionally, Pips Market accommodates traders adhering to Islamic principles by offering an Islamic Account, ensuring compliance with Sharia law requirements for interest-free trading.
How to Open an Account？
Step 2: Follow the on-screen instructions to input your personal and contact details.
Step 3: Tick the box to agree to the Funds & Securities, Privacy Policy, Terms and Conditions Policies.
Step 4: Click on the ''Register'' option to finalize the creation of your account.
Leverage
Pips Market provides a maximum leverage ratio of 1:500. This ratio signifies that for every dollar deposited, traders can control $500 worth of trades. By providing high leverage, investors can earn substantial profits even with minor market fluctuations. This advantageous feature enables investors to increase their purchasing power and make larger trades without having to put up a significant amount of capital upfront.
Spreads
Pips Market prides itself on offering competitive spreads across its range of account types, ensuring cost-effective trading conditions for its clients.
The Silver Account features spreads starting from 2 pips, providing traders with access to competitive pricing and reliable execution while maintaining affordability.
For traders seeking tighter spreads and enhanced trading conditions, the Gold Account offers spreads from just 1 pip. This account type caters to more experienced traders looking for improved pricing dynamics and reduced trading costs.
Moreover, the Diamond Account boasts the tightest spreads, starting from an impressive 0 pips. Designed for professional traders and high-volume investors, this account type provides unparalleled pricing and execution quality, allowing traders to optimize their trading performance.
Trading Platform
Pips Market provides its traders with the industry-leading MetaTrader 5 (MT5) trading platform, renowned for its advanced features and user-friendly interface. With MT5, traders can access a wide range of financial instruments, including over 70 Forex currency pairs, metals, commodities, and indices, offering ample opportunities for diversification and trading strategies.
The platform offers comprehensive charting tools, customizable indicators, and advanced order management features, empowering traders to execute trades with precision and confidence. Additionally, MT5 supports automated trading through expert advisors (EAs) and allows for algorithmic trading strategies to be implemented seamlessly.
Trading Tools
Pips Market provides traders with valuable trading tools to enhance their trading experience and optimize their strategies. Among these tools is the Forex Profit Calculator, a handy resource for traders to calculate profits or losses before executing trades. By inputting trade parameters such as currency pair, trade size, entry price, and exit price, traders can quickly assess the risk-reward ratio and make informed decisions.
Deposits & Withdrawals
Pips Market offers a variety of convenient options for deposits and withdrawals, ensuring flexibility and accessibility for its clients. Clients can fund their accounts through bank transfers, providing a traditional and reliable method for transferring funds securely. Additionally, credit card and debit card deposits are accepted, offering a straightforward and instant way to fund accounts.
For those preferring digital currencies, Pips Market accepts cryptocurrency deposits, catering to the needs of modern traders. Moreover, UPI (Unified Payments Interface) is accepted, providing a seamless payment experience for clients in regions where this payment method is prevalent. What's more, Pips Market imposes a 0% commission charge on deposits, ensuring that clients can fund their accounts without incurring additional fees.
Note:
Pips Forex does not accept any 3rd party deposits.
Funds sent via mail are not assumed by Pips Forex until deposited, cleared, or credited to the account.
Fast and secure transactions are possible during standard trading hours.
Traders/clients are free to withdraw their funds at any time from their accounts.
Pips Forex reserves the right to investigate, cancel, or impose fees (depending on payment method) on any withdrawal request.
Customer Service
Pips Market provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Phone: +1 800-88-91941, +91 2613501805, +91 6356099525
Email:support@pipsforex.com
Address: Central Plaza, G- 19, New City Light Rd, Althan, Surat, Gujarat- India 395007; 6th floor, Ken Lee Building, 20, Edith Cavell Street, Port Louis, Mauritius
Contact form
Conclusion
In conclusion, Pips Market offers an extensive range of trading instruments, various account types, a high maximum leverage, MT5 trading platform, and a wide range of accepted payment methods, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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