Pipze Forex broker review – Everything you need to know

Pipze is a CFDs broker that offers access to a diverse set of trading instruments, on multiple trading accounts, using an advanced MT5 trading platform. In this brief and unbiased review of Pipze broker, we will analyze and assess its reliability, accounts, trading costs, profit withdrawals, support, platforms, and more.

Pipze Overview of the website

The website of Pipze broker is modern-looking and fast. Users can navigate around quickly, and the website has a modern yet simplistic visual appearance. There are no unnecessary media or colors, making the browsing experience seamless. The website has a menu where users can find all important information about trading conditions, such as trading accounts, platforms, and so on. However, the menu needs minor improvements because you have to hover over the menu button and then instantly move your cursor down to access dropped down menu items.

The live chat is directly incorporated into the website and enables quick access to customer support. The website is multilingual, available in many different languages, which is flexible.

Pipze Safety and Licenses

The Pipze is registered offshore in Saint Lucia. Pipze is not regulated by any authority; it is only registered and incorporated in Saint Lucia as a business company and not as a securities dealer. The lack of a license is a major red flag for any forex broker, as scams and frauds are often unlicensed, and there is no guarantee the broker truly follows all the important safety policies. Pipze states that negative balance protection is provided to all clients, meaning you cannot lose more than your deposited funds. If the account goes below zero, it is reset to $0, which is useful for beginners, especially when the broker offers high maximum leverage. Pipze says client money is kept in segregated accounts separate from company funds at top-tier banks to protect deposits.

Pipze Accounts Reviewed

The broker offers access to five different trading accounts, including Standard, Pro, ECN, Cent, and Swap-Free. Each account comes with slightly different trading conditions, spreads, and deposit requirements. Let’s briefly list the trading conditions of each of these accounts to evaluate how competitive the broker is.

Pipze Standard Account

The standard account is for general forex trading purposes, and it offers:

• Minimum deposit – 100 USD
• Maximum leverage – 1:500
• Spreads – From 1.4 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

Pipze Pro Account

• Minimum deposit – 1000 USD
• Maximum leverage – 1:400
• Spreads – From 0.8 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

Pipze ECN Account

• Minimum deposit – 5000 USD
• Maximum leverage – 1:300
• Spreads – From 0.0 pips
• Commissions – 5 USD per side per lot
• Minimum lot size – 0.01 lots

Pipze Cent Account

• Minimum deposit – 1000 USD
• Maximum leverage – 1:200
• Spreads – From 1.2 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

As we can see, the broker is mediocre. The minimum deposit of 1,000 USD is very high for a cent account, as these types of accounts usually come with the lowest deposit requirements, because they are budget trading accounts.

Deposit and withdrawal options at Pipze

When it comes to accepted payment options, traders can choose from diverse options, such as Neteller, Skrill, LTC, DOGE, USDT, ETH, BTC, and MasterCard. This enables traders to select their preferred payment option, and e-wallets and cryptos are especially flexible.

There are no fees charged on deposits and withdrawals, which is very competitive. The broker claims instant and up to 3 hours of processing times for both deposits and withdrawals, which is super competitive. However, since Pipze is not licensed yet, we can not trust its claims, and traders should not fully trust such exaggerated claims.

Pipze Assets — What can you trade?

Pipze is a multi-asset forex broker that enables access to more than 1,000 CFD instruments across forex, shares, commodities, and indices. From commodities, traders can access metals and energies, but no agricultural products are available. The leverage is high enough to control large lot sizes whenever needed. However, the lack of crypto pairs is a serious drawback, especially when the broker already offers digital currencies.

Trading platforms of Pipze

The broker has its own Pipze mobile and web trading terminals available, which are flexible. However, there is an advanced MetaTrader 5 (MT5) app access as well. MT5 enables traders to use automated trading systems and custom indicators, and the broker allows them to use any advanced tool. Mobile trading is available via MT5 and Pipze mobile apps, accessible on all mobile devices, no matter the operating system.

Education at Pipze

The broker offers multiple educational materials, such as eBooks (Download expert trading guides), News & Blog, market insights, Terminology (Master the language of trading), Courses (Structured learning for all levels), and Webinars (Live sessions with market experts).

Pipze Customer Support

Customer support of Pipze broker is provided via several channels, like email, live chat, and phone support options. The phone support is provided using WhatsApp, which is both flexible and inconvenient. It is useful for some users but annoying for others. Still, the availability of a phone support option adds to the broker’s legitimacy.

The website, as well as the support channels, are all multilingual, available in multiple or different languages, which is flexible. This way, the broker can attract traders globally.

Pipze bonuses and promotions

The broker offers a deposit bonus and a rewards program. The bonus is 50% of the deposited amount, and all conditions and calculations are transparently disclosed on the website.

With the reward system, traders collect P-points with each trade, redeem rewards, advance in tiers, and get even higher-level rewards.

Is Pipze your broker? Final verdict

Pipze offers a modern MT5 trading platform, multiple account types, and competitive withdrawals. Trading conditions such as high leverage and zero-fee deposits and withdrawals are appealing. However, the broker operates without financial regulation, which seriously increases risks for traders. While Pipze claims negative balance protection and fund segregation, these protections are not independently supervised by regulators. As a result, traders should approach this broker cautiously and be careful.

FAQs on Pipze broker

Where is Pipze based?

Pipze is incorporated in Saint Lucia as an offshore company, and it is based there, operating without a proper license.

Can you withdraw from Pipze?

The broker states that withdrawals are processed instantly or within a few hours, though execution reliability cannot be independently verified due to a lack of regulation