Tripeak -Some Important Details about This Broker

WikiFX | 2024-12-27 14:01

摘要：Tripeak was founded by Tripeak Services Limited in Singapore in 2019. It offers trading in 35 Currency Pairs, Gold, Silver, Crude, Cryptos and Indices with leverage up to 1:1000 and spread from 1.6 pips on the Classic account via the MT4 platform. The minimum deposit requirement to open a live account is just 10 USD. However, it currently has no valid regulations.

Note: Tripeak's official website - https://tripeakfx.com/ is currently inaccessible normally.

Tripeak Review Summary
Founded	2019
Registered Country/Region	Singapore
Regulation	Not regulated
Market Instruments	35 Currency Pairs, Gold, Silver, Crude, Cryptos and Indices
Demo Account	/
Leverage	Up to 1:1000
Spread	From 1.6 pips (Classic account)
Trading Platform	MT4
Min Deposit	$10
Customer Support	Email: support@tripeakfx.com
Customer Support	Social media: X, Facebook, Instagram

Tripeak was founded by Tripeak Services Limited in Singapore in 2019. It offers trading in 35 Currency Pairs, Gold, Silver, Crude, Cryptos and Indices with leverage up to 1:1000 and spread from 1.6 pips on the Classic account via the MT4 platform. The minimum deposit requirement to open a live account is just 10 USD. However, it currently has no valid regulations.

Pros and Cons

Pros	Cons
Diverse tradable asset classes	Not regulated
Various account types	Only email support
Commission-free accounts offered
Popular trading platform MT4
Low minimum deposit
Multiple payment options

Is Tripeak Legit?

No, Tripeak is not regulated by any financial authorities. Please be aware of the risk!

What Can I Trade on Tripeak?

Tripeak boasts that it provides various trading instruments, such as 35 currency pairs, Gold, Silver, Crude Oil, Indices.

Tradable Instruments	Supported
Currency pairs	✔
Gold & Silver	✔
Crude	✔
Cryptos	✔
Indices	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Tripeak provides three types of trading accounts, namely Cent, Classic, ECN. To open a Cent account, only $10 is enough, if you are willing to take the risk of trading with an unregulated forex broker. The Classic account requires the same amount of initial deposit as Tripeak.

The most expensive account, the ECN account, asks for an initial deposit of $1,000.

Account Type	Min Deposit
Cent	$10
Classic	$10
ECN	$1,000

Leverage

Tripeak allows its clients to use leverage of up to 1:1000, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Account Type	Max Leverage
Classic	1:1000
Cent	1:1000
ECN	1:200

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.