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No Regulation
Score
1.27 /10
Danger
Pips Market
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
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Website
Score
Regulatory Index0.00
Business Index5.14
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Pips MarketReview Summary | |
| Found | 2023 |
| Registered Country/Region | India |
| Regulation | No regulation |
| Market Instruments | 70+ Forex Currency, Metal, Commodities, Indices |
| Demo Account | ✔ |
| Leverage | Up to 1:500 |
| Spread | Low |
| Trading Platform | Mobius Trader |
| Min Deposit | $100 |
| Customer Support | Phone: 1800-88-91941+912613501805+916356099525 |
| Email: ssupport@pipsforex.com | |
| Physical Address:6th floor, Ken Lee Building,20, Edith Cavell Street, Port Louis, Mauritius;Central Plaza, G- 19, New City Light Rd, Althan, Surat, Gujarat- India 395007 | |
Pips Market Information
Pips Market, founded in 2023, is a brokerage registered in India. The trading instruments it provides cover Forex Currency, Metal, Commodities, Indices. But it is currently unregulated and lacks security.
Pros and Cons
| Pros | Cons |
| Multiple Market Instruments | No Regulation |
| Diverse Account Types | |
| Demo account available | |
| Multiple Customer Support Channels | |
| Islamic Account Available |
Is Pips Market Legit?
It is clear that Pips Market, which was registered in 2023 and is currently unregulated, is new and insecure.
What Can I Trade on Pips Market?
Pips Market offers traders the opportunity to trade over 70 Forex Currencies, Metal, Commodities, Indices.
| Tradable Instruments | Supported |
| Forex Currency | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Metal | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Futures | ❌ |
| Options | ❌ |
Account Types
Pips Market offers 3 different types of accounts to traders -Silver Account, Gold Account, Diamond Account. It also provides Islamic Account and Demo Account.
| Account Type | Spreads | Minimum Deposit | Minimum Leverage |
| Silver | 2.0pips | $100 | 1:500 |
| Gold | 1pips | $1000 | 1:500 |
| Diamond | 0.0pips | $2500 | 1:500 |
Pips Market Fees
Pips Market claims to offer low spreads.Silver account's spread is the highest, starts with 2pips. Diamond account's spread is as low as 0.0pips.
Trading Platform
Pips Market's trading platform is Mobius Trader, which supports traders on PC, Mac, iPhone, and Android.
| Trading Platform | Supported | Available Devices |
| Mobius Trader | ✔ | Web, Mobile |
| MT4 | ❌ |
Deposit and Withdrawal
The broker charge 0% deposit or withdrawal commission. It supports four deposit and withdrawal methods: Bank transfer, Credit card and debit card, Cryptocurrency, UPI.
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