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Score

7.27 /10
Good

Klips

Cyprus

5-10 years

Regulated in Cyprus

Market Making(MM)

Suspicious Scope of Business

Medium potential risk

https://klips.com

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Score

Regulatory Index7.02

Business Index7.63

Risk Management Index8.90

Software Index6.32

License Index7.11

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Klips

Cyprus

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Klips · Company summary
Klips Review Summary
Founded2014
Registered Country/RegionCyprus
RegulationCySEC, FSCA
Market InstrumentsCurrencies, commodities, indices, shares
Demo Account✅
Leverage/
Spread/
Trading PlatformKlips app
Min Deposit/
Customer SupportContact form
Social media: X, Facebook, Instagram, YouTube, Linkedin
Address: Chrysanthou Milona 1, Panagides Court, Floor 6, 3030, Limassol, Cyprus
Regional RestrictionsUSA, Iran, Canada, UK

Klips, established in 2014 and headquartered in Cyprus, is a regulated financial services provider. It offers diverse tradable instruments such as currencies, commodities, indices, and shares with its mobile application. However, the company faces limitations in providing detailed information on accounts and trading conditions.

Klips' homepage

Pros and Cons

Pros Cons
Regulated by CySEC and FSCALimited info on trading conditions
A wide range of trading productsNo MT4/5
Demo accounts availableLimited payment options
No commissionsRegional restrictions

Is Klips Legit?

Yes, Klips is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA).

Regulated CountryCurrent statusRegulated AuthorityRegulated EntityLicense TypeLicense Number
Cyprus
Regulated The Cyprus Securities and Exchange Commission (CySEC)Klips CY LtdMarket Making (MM)434/23
South Africa
Regulated The Financial Sector Conduct Authority (FSCA)KLIPS SA (PTY) LTDRetail Forex License47742
Regulated by CySEC
Regulated by FSCA

What Can I Trade on Klips?

On Klips, you can trade with currencies, commodities, indices, and shares.

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Shares✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on Klips?

Spread and Commission

Klips does not impose any commission fees, which is advantageous. Nevertheless, there is a scarcity of details regarding other trading conditions.

Spread and Commission

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Klips app✔App Store, Google Play, AppGallery/
MT4❌/Beginners
MT5❌/Experienced traders
Klips app

Deposit and Withdrawal

You have the option to top up your Klips account with fiat currency using your credit card. Alternatively, you can select a different payment method from the options provided once you click on the “Deposit” button.

Deposit and Withdrawal

User Reviews

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User comment

2

Comments

Write a review

jianghua
more than one year
I love to use Klips because it's one like the best platform to trade in forex it is super is a and very helpful and have very use of friendly desktop supported is very helpful and I am using Klips from last 1 year and i love it
I love to use Klips because it's one like the best platform to trade in forex it is super is a and very helpful and have very use of friendly desktop supported is very helpful and I am using Klips from last 1 year and i love it
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2024-06-27 12:16
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Yuk Chukwueze
more than one year
Special thanks to the great support team! You’re awesome! Love this broker! Nice and bid leverage. Many many trading tools. Quickest withdrawal ever. Should I continue??? That’s a good one, guys.
Special thanks to the great support team! You’re awesome! Love this broker! Nice and bid leverage. Many many trading tools. Quickest withdrawal ever. Should I continue??? That’s a good one, guys.
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2024-05-17 09:54
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