KLIPS is an online contract for difference (CFD) trading platform, established in March 2024, operated by PKLIPS GLOBAL LIMITED. The platform offers CFD trading services on assets such as forex, precious metals, crude oil, indices, and cryptocurrencies to investors, but does not provide services to regions where it would violate local laws and regulations.
Overview of Platform Services
Trading Accounts
KLIPS GLOBAL LIMITED provides users with trading accounts with spreads starting from 0 pips. However, the platform does not specify key trading details such as trading leverage, minimum deposit requirements, margin call, stop-loss margin, and does not clarify whether trading commissions or other fees apply.
Trading Platform
Users can trade via the KLIPS trading platform developed by KLIPS GLOBAL LIMITED, which supports both desktop and mobile devices. The platform offers advanced charting tools, over 50 built-in technical indicators, and provides intraday analysis functions.
However, there are issues with the mobile app download links provided on the official website: the App Store link redirects to MetaTrader 4, and the Google Play store link is inaccessible.
Trading Product Information
KLIPS offers a range of trading products:
- Forex: Major currency pairs such as EUR/USD, USD/CAD, GBP/USD, USD/JPY.
- Precious Metals: Spot gold (XAUUSD) and silver (XAGUSD).
- Crude Oil: CFD trading of US crude oil (UsOIL).
- Indices: Major global indices such as the Nikkei 225 (N225), the German DAX (GER30), and the S&P 500 (US500).
- Cryptocurrencies: Major crypto pairs like Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Deposit and Withdrawal Methods
KLIPS GLOBAL LIMITED has not disclosed the supported methods for deposits and withdrawals on their website, nor have they stated if there are any additional fees during the process of funds transfer, which could be inconvenient for users.
Contact Information and Social Media
KLIPS does not provide official communication channels on mainstream social media platforms such as Facebook, Instagram, or Twitter. Users can only contact the platform through the online contact form or email provided on the official website.
Company Background and Regulatory Information
According to klipscn.com, KLIPS is headquartered in London, UK, and the operating entity is KLIPS GLOBAL LIMITED. However, the website does not provide any detailed information about the company's registration, nor does it mention any regulatory license numbers.
Upon investigation, the company named KLIPS GLOBAL LIMITED could not be found in the register of the UK Companies House or the Financial Conduct Authority (FCA). Moreover, the brand name and company logo used by KLIPS GLOBAL LIMITED are copied from the broker "Klips".
Conclusion
KLIPS GLOBAL LIMITED is a CFD trading platform established in 2024 but lacks a genuine registered entity and does not have authorization or supervision from financial regulatory authorities. Additionally, its brand name and company logo are copied from other brokers, which could mislead investors.
Risk Warning: Trading in CFDs is a high-risk investment, and market volatility can lead to the loss of an investor's principal. Leveraging can amplify both risks and potential returns. Investors are advised to fully understand market risks and CFD mechanics before trading, assess their own risk tolerance, and operate only when sufficiently experienced to avoid blind investment.
