pipstrade.live is a CFD broker website whose domain was registered on January 1, 2024. This broker primarily provides investment services to investors in markets such as Forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services to countries or regions where such activities may violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to public information on the pipstrade.live website, the broker was established in 2016 and uses "Pips Trade" as its trading name. It claims its company entity is VLS and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose its company registration information or detailed regulatory information.
Upon investigation, the Australian Securities and Investments Commission (ASIC) has no record of a regulated company named "VLS."
Therefore, pipstrade.live is essentially an unregulated scam broker website.
Account Opening Process
To open a trading account with pipstrade.live, visit the broker's website, click "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage. Fill in personal information such as name and email address, set a login password, and submit. After verification, the account can be successfully registered.
Trading Products
pipstrade.live offers a variety of trading products, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, renowned for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, diverse trading opportunities can be discovered, leveraging high leverage to enhance potential gains.
- Commodities: Commodity trading encompasses key global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price movements of public companies, earning from price changes and dividends based on company performance without holding actual shares.
- Cryptocurrencies: Cryptocurrency trading provides enthusiasts with opportunities to profit from highly volatile digital assets.
Investment Plans
pipstrade.live offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: £500
- Minimum Expected Profit: £3,500
- Maximum Expected Profit: £5,000
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profit
CLASSIC ACCOUNT:
- Minimum Deposit: £5,000
- Minimum Expected Profit: £45,000
- Maximum Expected Profit: £50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profit
PLATINUM:
- Minimum Deposit: £10,000
- Minimum Expected Profit: £99,999
- Full Benefits
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profit
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals Daily
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payments Only
- Use Any Broker
Trading Platform
pipstrade.live provides users with a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with more than comprehensive liquidity providers and over 12,000 orders executed per second.
Deposits and Withdrawals
pipstrade.live only supports deposits and withdrawals via cryptocurrencies.
Conclusion:
Traderknows reminds investors that pipstrade.live is a scam broker that entices investors with promises of high returns. The site has neither a company entity nor any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
