- Jun 19, 2023 BrokersView has reviewed that PipsForex is an unregulated broker
PipsForex claims in its "AML POLICY" that it is operated by the PipsForex Limited, a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG under registration number 25751BC2020. However, our search didn't locate the company on the SVG FSA register. Moreover, the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading or brokerage nor regulates entities involved in such activities.
In essence, PipsForex is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
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