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unitedpips

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ANSWER Dear Investor, UnitedPips is not a trustworthy broker, as it does not hold a valid financial license. UnitedPips claims to be registered in Saint Lucia. However, we were unable to verify this assertion: the company does not disclose its legal entity name on its website, making it impossible to cross-check its registration in the registry of Saint Lucia International Financial Centre (IFC). More importantly, even if such a registration exists, the Saint Lucia IFC does not regulate or license forex trading activities, it only grants International Business Company (IBC) status, which carries no financial regulatory oversight. In essence, UnitedPips is unlicensed by any recognized financial authority. This is a major red flag of being fraudulent operation. We therefore strongly advise you to avoid trading with UnitedPips to protect your funds.

Scam check: UnitedPips.

Lance Davey

Italy

Sep 24, 2024

ANSWER Dear Investor,Thank you for reaching out. Unfortunately, UnitedPips appears to be a scam. The company has not provided valid licensing details to substantiate their legitimacy. The company claims an address in St. Lucia, an offshore center that offers minimal protections for investors. This region does not license forex trading, meaning UnitedPips is operating in an unregulated environment.Trading with an unregulated broker is very risky, as they can avoid accountability or disappear easily. Therefore, we strongly advise against using UnitedPips. For a safer trading environment, we recommend opting for fully regulated brokers.

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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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