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Pips-fx Review - Is it scam or safe?

PipsFX Review - is scam or good forex broker?

RATING: 1 / 2 REVIEWS ForexBrokerz Pips-fx
Pips-fx is an offshore broker. Your money is not safe.


 Trading Accounts

Account type  Minimum deposit  Maximum leverage Spread
Mini $500 1:200

Fixed from 3.0 pips

Classic $5,000 1:200 Fixed from 2.0 pips
Premium $20,000 1:200 Fixed from 1.0 pips


Pips-fx offers forex trading through three account types, with fixed spreads. The company behind this broker also presents its services via another trademark, which we have already covered.


The Company. Security of Funds


Company Country Regulation
Keyds Lydya Ltd Marshal Islands N/A


Pips-fx is owned and operated by KEYDS SCOTLAND LP, a subsidiary of Keyds Lydya Ltd. which is registered in Marshall Islands. The company is not financially regulated. That being said it also operates the brand, which offers exactly the same trading conditions. It is worth mentioning there are several complaints against Nostrobank in popular online forums.

Financial regulation is something which we advise our readers to look for in a broker. Your funds will generally be safe (against farud, of course, your trading is up to you) if they are deposited with a broker who is regulated by a reputable agency.


One of the most respected financial regulators is the UK’s Financial Conduct Authority (FCA). Any broker, operating under its supervision has to keep clients money in the so called segregated accounts. This means the company can not freely access your trading capital and spend it on marketing campaigns or paying salaries. Furthermore your funds will be protected (up to GBP50,000) by the Financial Services Compensation Scheme (FSCS), in case your broker happens to go bankrupt.


Trading Conditions


Minimum Initial Deposit

Pips-fx has а minimum initial deposit requirement of $500. This level is high by contemporary standards. Take XM, for example – they require only $5. That being said, this shouldn’t be among your main concerns when choosing a forex broker. As you probably know, a long-term trading plan, requires much more capital and stringent risk management. 


Average spreads & Commissions

Pips-fx offers fixed spreads, starting at 3 pips for EUR/USD (for the mini account). Other fixed-spread brokers, like easyMarkets offer better fixed spreads. 



The maximum leverage offered by Pips-fx is 1:200. This is pretty standard nowadays, although it is still more leverage than you will ever need (if you are trading a sensible strategy and not gambling, of course).


Leverage amplifies both your winning and your loosing trades. Trading with high leverage and no proper understanding of how it works can lead to serious losses, sometimes even exceeding your initial investment.


Trading Platforms


Pips-fx provides MetaTrader 4 (MT4) and their own web-based platform to its clients. When it comes to MT4, enough has been said already. Some traders like the charting package, availability of custom indicators and automated systems (or Expert Advisors as they are called). Other seasoned day traders dislike the lack of multiple-monitor support.


As for the in-house web-based platform, we weren’t able to log in during our review process.


Methods of Payment


Pips-fx offers only Bank Transfer and Credit Card for deposits. Funds can be withdrawn only via Bank Transfer. This may be only a temporary issue. Remember, bank transfers and especially international ones may take several business days.




Pips-fx is a forex broker, registered in the Marshal Islands. However the company does is not under any form of oversight. It also operates the Nostrobank brand, which has several complaints against it in poular online forums. We can’t definitely say they are a scam, but we would advise against trading with them, as the conditions they offer are also not particularly good. Here are the advantages and disadvantages with regards to this broker:


Pros Cons
MetaTrader4 Platform No regulation
  Company also has a different broker, with lower credibility
   High fixed spreads



Latest news about Pips-fx
Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for Pips-fx
















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Pips-fx is closed! site is closed. I don`t know how to have my money back!

Gabor Kiraly 04/27/2018

Pips-fx Truffa / Pips-fx scam

È solo una grande truffa, dopo avere preso
I soldi n0n riesco piu ad entrare nella
Piattaforma non mi contattano più da subito.
Farò esposto al Consob e alla polizia e divulghero
La recensione negativa il più possibile
Il broker imbroglione Pietro cesarini

Translated by Google:

It's just a big scam, after taking it
The money I can not get into
Platform does not contact me anymore.
I'll show it to Consob and the police and divulge it
The negative review as much as possible
The Broker Broken Peter Caesars

Alessandra 08/22/2017
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