ANSWER The trading platform, pipstrading, exhibits clear indications of being a scam. We strongly recommend discontinuing any further interactions with it. The website now displays unusual behavior, such as its Contact page continuously redirecting without ever successfully loading. We fear that continuing investments on this platform could lead to further losses.Despite claiming to be located in the US, this company is not registered as a member of the National Futures Association (NFA). Therefore, it is not regulated in this country, and its non-compliance is a significant scam indicator. The icons on its website, designed to link to its social media accounts, are fake. Coupled with the non-functioning Contact page, this leaves customers with a limited means of communication—the Live Chat. If the site were to shut down, this communication method would disappear.Therefore, we urge investors to stay away from pipstrading. It is recommended to only work with fully regulated brokers with solid reputations.
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