Pips Market Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-22 17:13

Abstract：Pips Market, founded in 2023, is a brokerage registered in India. The trading instruments it provides cover Forex Currency, Metal, Commodities, Indices. 4 accounts for traders and MT4 support. But it is currently unregulated and lacks security.

Pips MarketReview Summary
Found	2023
Registered Country/Region	India
Regulation	No regulation
Market Instruments	70+ Forex Currency, Metal, Commodities, Indices
Demo Account	✔
Leverage	Up to 1:500
Spread	Low
Trading Platform	Mobius Trader
Min Deposit	$100
Customer Support	Phone: 1800-88-91941+912613501805+916356099525
	Email: ssupport@pipsforex.com
	Physical Address:6th floor, Ken Lee Building,20, Edith Cavell Street, Port Louis, Mauritius;Central Plaza, G- 19, New City Light Rd, Althan, Surat, Gujarat- India 395007

Pips Market Information

　　Pips Market, founded in 2023, is a brokerage registered in India. The trading instruments it provides cover Forex Currency, Metal, Commodities, Indices. But it is currently unregulated and lacks security.

Pros and Cons

Pros	Cons
Multiple Market Instruments	No Regulation
Diverse Account Types
Demo account available
Multiple Customer Support Channels
Islamic Account Available

Is Pips Market Legit?

　　It is clear that Pips Market, which was registered in 2023 and is currently unregulated, is new and insecure.

What Can I Trade on Pips Market?

　　Pips Market offers traders the opportunity to trade over 70 Forex Currencies, Metal, Commodities, Indices.

Tradable Instruments	Supported
Forex Currency	✔
Commodities	✔
Indices	✔
Metal	✔
Stocks	❌
Cryptocurrencies	❌
Futures	❌
Options	❌

Account Types

　　Pips Market offers 3 different types of accounts to traders -Silver Account, Gold Account, Diamond Account. It also provides Islamic Account and Demo Account.

Account Type	Spreads	Minimum Deposit	Minimum Leverage
Silver	2.0pips	$100	1:500
Gold	1pips	$1000	1:500
Diamond	0.0pips	$2500	1:500

Pips Market Fees

　　Pips Market claims to offer low spreads.Silver account's spread is the highest, starts with 2pips. Diamond account's spread is as low as 0.0pips.

Trading Platform

　　Pips Market's trading platform is Mobius Trader, which supports traders on PC, Mac, iPhone, and Android.

Trading Platform	Supported	Available Devices
Mobius Trader	✔	Web, Mobile
MT4	❌

Deposit and Withdrawal

　　The broker charge 0% deposit or withdrawal commission. It supports four deposit and withdrawal methods: Bank transfer, Credit card and debit card, Cryptocurrency, UPI.