ANSWER Pip Signal is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.It is typical for legitimate brokers to display their accreditation and licenses prominently, whereas Pip Signal doesn't provide such information, raising doubts about its legitimacy. This is a red flag. Given it purporting to be located in the US, we searched for the company in the registry of the National Futures Authority (NFA), the governing body empowered to regulate futures and derivatives markets in the US, but found no records matching it. This means that Pip Signal is not subject to any regulations.Regarding your question, Pip Signal is a non-regulated broker. Entrusting this broker with your funds or personal details could be financially and personally devastating, as there are no legal protections in place to protect investors from significant risks including loss of funds and identity theft. Therefore, to avoid such risks, we strongly suggest investors stay away from unlicensed brokers like Pip Signal and opt for fully regulated ones instead.
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