This PipTrade review was conducted by the team of Miniforex.com for those who need to know about the PipTrade broker. The PipTrade company is a forex brokerage firm founded in England and is managed by the HYCM or Henyep Capital Markets Group and regulated by the Financial Services Authority (FSA). The Henyep group also manages HY Options and HY Markets. PipTrade forex broker doesn’t actually focus on official trading groups and companies but rather on single traders. On the brokerage it’s conceivable to trade silver, gold, forex, gold, precious metals, oil, stocks and indices. At the time the PipTrade trading platform, customer support and website is available in Chinese, Arabic and English.
PipTrade provides 2 types of trading platforms being their world famous MetaTrader 4 trading platforms and individual web based trading platform. If you don’t know which one to usage they have a judgment on their website between the both of them. the broker has just developed the PipTrade MT4 Mobile trading stage which can be downloaded on your tablet or smartphone in app form so you can trade anytime, anywhere.
PipTrade or HYCM broker has numerous account types presented with the Mini Account being the minimum with only an initial deposit required of 50 dollars. For myself, I think 50 dollars is very low and this amount is excessive for people new to stock market trading who don’t need to get their feet wet by their life savings. The spread charged on the Mini Account is relatively though, high, 1.8 pips per trade. The VIP Account is the best choice for the expert trader as spreads charged on VIP Accounts are only 0.5 pip per trade. On all trading account types the maximum leverage is 300:1 which can be measured medium-high.
The PipTrade customer service is 24/5 available in Chinese, Arabic and English by fax, phone, email and live chat. While I looked-for the live chat to have answers on some questions I had, I was assisted quickly, within about 2 minutes. I haven’t tried out their normal response time on questions sent by email but confidently I will receive that info in comments and user experience reviews under this review.
PipTrade is as cited above, managed by the HYCM broker which manages numerous companies in education, finance and property. The Henyep group has around 40 years’ knowledge in stock market trading management and also works 2 other brokerage firms. The Henyep group is also licensed and regulated by 4 different regulatory organizations so in my opinion the broker can be considered reliable and secure. I couldn’t find any scam history so far so any privileges made you might find on the internet asserting the broker might be a scam broker are completely false and most likely posted by traders who lost a part of or their complete investment amount by just trading the financial marketplaces the wrong manner.
At the instant all new trader at PipTrade receives a bonus of 15 percent upon their primary deposit. For more information about the broker bonus visit “ForexSQ” PIPTrade Review page.
PipTrade Review conclusion
At the “TopForexBrokers.com” PIPTrade review page you can open free demo account and test the broker trading account.
The brokerage can be considered a reliable and great broker for people or new traders new to financial market trading generally. Their low primary deposit of just 50 dollars and the choice of a personal account manager both confirm this fact.
I like the point that they provide traders the choice to either use their personal in-house developed WebTrader or HYCM MetaTrader 4 trading platforms. The WebTrader may be more right for new traders but finally they should have to learn to usage the MetaTrader as it’s the most prevalent stock and forex trading platform internationally.
The spread charged at PIPTrader broker or Henyep Capital Markets is rather high and the leverage is medium-high at 300:1 on lower account types. Due to these 2 reasons I rate the broker a 7/10 in its place of a higher market as it would be extra beginner-friendly if they charged lesser entry-level accounts a little lower spread. If you like this PipTrade review conducted by www.Miniforex.com then share it on social media networks please.