Caution! Fxpipsmarket is an offshore company! Your funds may be at risk.
Fxpipsmarket Key Facts
🔴 Fxpipsmarket offers unrealistic investment opportunities – a clear sign of a scam!
🔴 Fxpipsmarket fakes crucial contact information – beware!
🔴 Fxpipsmarket lack any sort of license for its services – a huge red flag!
🔴 Fxpipsmarket domain has been registered only recently – another off-putting detail!
Fxpipsmarket products and services
Fxpipsmarket is yet another investment opportunity scam. The concept for one has remained largely unchanged throughout the history of its application – the only difference is what returns the scammers promise their victims – in the case of Fxpipsmarket this is 10% returns on your investment. This is the lowest investment tier too – and it is still completely impossible for the company to accomplish such a rate of interest.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
Fxpipsmarket company and regulation
Fxpipsmarket does not provide any license to be conducting its business. This is quite troublesome as it means the company is simply not qualified to provide its services, nor authorized by anyone to do so.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Fxpipsmarket address and contacts
Fxpipsmarket provides us with an address in the US – 77 Massachusetts Ave, Cambridge, Massachusetts. However, you should remember that it does not provide any sort of legitimate license, so the address is most certainly not corresponding to the company.
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
Fxpipsmarket website info
Fxpipsmarket operates from an extremely young website, whose domain was only registered in January 2021. This means that the company cannot have achieved what it claims – worldwide fame and recognition in just over a month.
Fxpipsmarket’s domain is hosted on an US IP – 188.8.131.52. That address co-hosts over 680 other domains – however, we cannot draw any meaningful connection between them and Fxpipsmarket.
Fxpipsmarket is not really popular, with SimilarWeb, a website popularity index not even displaying the company. This leaves us to ponder once again how it claims to be as accomplished as it is.
And, finally, the owner of the website is not known to us – they do not wish to be either, having seen fit to obscure their name. While this is a common policy, it does not really stand up to the standards of transparency that we outlined above.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.