Score
Pipspool
Comoros|1-2 years| https://pipspool.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
Hong KongContact
Licenses
Single Core
1G
40G
Contact number
+27 (0) 31 830 5536
Other ways of contact
Broker Information
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Pipspool LLC
Pipspool
Comoros
Pyramid scheme complaint
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- This broker exceeds the business scope regulated by United Kingdom FCA(license number: 15947867)Common Business Registration Non-Forex License. Please be aware of the risk!
WikiFX Verification
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
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Pipspool · Company Summary
| PipspoolReview Summary | |
| Founded | 2024 |
| Registered Country/Region | Comoros |
| Regulation | FCA ( Exceeded ) |
| Market Instruments | Forex, CFDs, Indices, Metals, Commodities, Shares, etc. |
| Demo Account | ✅ |
| Leverage | / |
| Spread | From 0.0 pips |
| Trading Platform | MT5 |
| Min Deposit | / |
| Customer Support | Tel: +27 (0) 31 830 5536 |
| Email: info@pipspool.com | |
| Address: Hamchaku, Mutsamudu, The Autonomous island of Anjouan, Union of Comoros | |
| Pipspool LLC. 2, Ncondo Place, Ringside, Umhlanga Ridge Durban, 4320, South Africa | |
Pipspool was founded by Pipspool LLC in Comoros in 2024. It provides many trading assets, including Forex, CFDs, Indices, Metals, Commodities, and Shares with spread from 0.0 pips via the MT5 platform. However, its regulatory status is exceeded.
Pros and Cons
| Pros | Cons |
| Various trading assets | Exceeded regulation |
| Offer demo accounts | Relatively new |
| Multiple account types | Lack of transparency |
| Popular trading platform MT5 |
Is Pipspool Legit?
| Regulatory Status | Exceeded |
| Regulated by | Financial Conduct Authority (FCA) |
| Licensed Institution | Pipspool LLC |
| Licensed Type | Common Business Registration |
| Licensed Number | 15947867 |
No, Pipspool's regulation is exceeded. The license type is common business registration. But Pipspool has many trading assets. Traders should be careful.
What Can I Trade on Pipspool?
Traders can access 1000+ instruments, including Forex, CFDs, Indices, Metals, Commodities, Shares and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Pipspool offers three account types: Basic, Professional and Business. It also offers demo accounts.
| Account Type | Fee |
| Basic | $39 per month |
| Professional | $69 per month |
| Business | $99 per month |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Mobile, desktop, and web | Experienced traders |
| MT4 | ❌ | / | Beginners |
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