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Score

2.51 /10
Danger

Pipspool

Comoros

1-2 years

Regulated in United Kingdom

Common Business Registration

MT5 Full License

Regional Brokers

Suspicious Overrun

Medium potential risk

https://pipspool.com

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Score

Regulatory Index1.25

Business Index4.40

Risk Management Index0.00

Software Index7.94

License Index1.25

Time Machine
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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Pipspool LLC

Company Abbreviation

Pipspool

Platform registered country and region

Comoros

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 15947867)Common Business Registration Non-Forex License. Please be aware of the risk!

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Pipspool · Company summary
PipspoolReview Summary
Founded2024
Registered Country/RegionComoros
RegulationFCA ( Exceeded )
Market InstrumentsForex, CFDs, Indices, Metals, Commodities, Shares, etc.
Demo Account✅
Leverage/
SpreadFrom 0.0 pips
Trading PlatformMT5
Min Deposit/
Customer SupportTel: +27 (0) 31 830 5536
Email: info@pipspool.com
Address: Hamchaku, Mutsamudu, The Autonomous island of Anjouan, Union of Comoros
Pipspool LLC. 2, Ncondo Place, Ringside, Umhlanga Ridge Durban, 4320, South Africa

Pipspool was founded by Pipspool LLC in Comoros in 2024. It provides many trading assets, including Forex, CFDs, Indices, Metals, Commodities, and Shares with spread from 0.0 pips via the MT5 platform. However, its regulatory status is exceeded.

Pipspool's homepage

Pros and Cons

Pros Cons
Various trading assetsExceeded regulation
Offer demo accountsRelatively new
Multiple account typesLack of transparency
Popular trading platform MT5

Is Pipspool Legit?

Regulatory Status Exceeded
Regulated by Financial Conduct Authority (FCA)
Licensed Institution Pipspool LLC
Licensed TypeCommon Business Registration
Licensed Number15947867

No, Pipspool's regulation is exceeded. The license type is common business registration. But Pipspool has many trading assets. Traders should be careful.

Exceeded FCA license

What Can I Trade on Pipspool?

Traders can access 1000+ instruments, including Forex, CFDs, Indices, Metals, Commodities, Shares and more.

Tradable Instruments Supported
Forex✔
CFDs✔
Indices✔
Metals✔
Commodities✔
Shares✔
Cryptos❌
Bonds❌
Options ❌
ETFs❌

Account Type

Pipspool offers three account types: Basic, Professional and Business. It also offers demo accounts.

Account TypeFee
Basic$39 per month
Professional$69 per month
Business$99 per month

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔Mobile, desktop, and webExperienced traders
MT4❌/Beginners

User Reviews

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User comment

2

Comments

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Goldish viewer
more than one year
Pipspool, easy to use, all required products info are provided, clear trade positions information, nice chart tools. I am vey happy with Pipspool.
Pipspool, easy to use, all required products info are provided, clear trade positions information, nice chart tools. I am vey happy with Pipspool.
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2024-07-19 16:52
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Nguyễn Ngọc Ming
more than one year
I feel sorry that their trading signals, not very accurate, but their spreads are not wide, I love this.
I feel sorry that their trading signals, not very accurate, but their spreads are not wide, I love this.
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2024-05-29 13:43
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