Basic Information
Pros and Cons
Pros
- Regulated by MISA in Comoros
- Diverse range of trading instruments
- Leverage up to 1:1000
- Minimum deposit of $50
- Positive feedback on customer service
Cons
- Some complaints about withdrawal issues
- No mainstream regulatory licenses
- Spreads start from 10 points
- Limited language options on the website
Is PIPWISE Safe and Legit?
PIPWISE is a broker registered in Georgia, established in 2022, and has been operational for about 2-5 years. It offers a diverse range of trading instruments including forex, metals, energies, stocks, indices, cryptocurrencies, commodities, and bonds, with leverage up to 1:1000 and a minimum deposit requirement of $50. The trading platform utilized is MT5, and spreads start from 10 points on the Standard account.
PIPWISE is regulated by MISA in Comoros, providing a level of oversight that contributes to its legitimacy and safety in the trading environment. Given its regulatory status, clients can generally consider it a safe and legal option for trading.
Market feedback on PIPWISE indicates a largely positive reputation, with users frequently praising the quality of customer service, fast withdrawal processes, and competitive trading conditions. While some complaints regarding withdrawal issues have been noted, the majority of user reviews highlight the broker’s transparency and reliable performance, suggesting a favorable trading experience overall.
Is PIPWISE a Regulated Broker?
What Are the Regulatory Licenses Held by PIPWISE?
PIPWISE is regulated by MISA in Comoros, indicating that it holds offshore regulation. This regulatory oversight provides a level of legitimacy and safety in the trading environment for its clients. While it does not hold any mainstream licenses, the regulation from MISA contributes to its operational credibility in the forex trading sector.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
PIPWISE prioritizes client fund security by holding clients’ funds in independently regulated bank accounts, ensuring they are kept separate from the broker’s operational assets. This segregation of funds aligns with the regulatory requirements set forth by MISA in Comoros, enhancing the safety of traders’ investments.
PIPWISE Leverage
PIPWISE offers maximum leverage of up to 1:1000 for various product categories. This leverage is compliant with the local regulatory requirements in the jurisdictions where PIPWISE operates, facilitating both retail and professional client classifications to effectively manage their trading strategies.
PIPWISE Withdrawal Review
How to Contact PIPWISE?
Does PIPWISE Have Withdrawal Issues?
PIPWISE has received a mix of feedback regarding withdrawal processes. While some users report fast and seamless withdrawals, there are a few complaints about rejected withdrawal requests, suggesting a low volume of complaints concerning this issue. These complaints have been sourced from user reviews, indicating that although some traders have faced challenges, the majority praise the broker for its quick processing times. There have been no significant public complaints or regulatory penalties reported, reinforcing PIPWISE’s reputation as a generally safe and legitimate trading option.
Frequently Asked Questions
A1: Yes, PIPWISE is a legitimate broker registered in Georgia and regulated by MISA in Comoros. This regulatory oversight provides a level of safety and legitimacy for clients in the trading environment.
A2: PIPWISE prioritizes client fund security by holding clients’ funds in independently regulated bank accounts, ensuring they are kept separate from the broker’s operational assets. This segregation aligns with regulatory requirements and enhances the safety of traders’ investments.
A3: Feedback on PIPWISE’s withdrawal processes is mixed; while many users report fast and seamless withdrawals, there are some complaints about rejected requests. Overall, the majority of clients praise the broker for quick processing times.
A4: You can contact PIPWISE customer support via email at support@pipwise.com or by phone at +447350511176. They also offer live chat support for immediate assistance.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.