PIPTRADE Forex Broker Review
PIPTRADE has its headquarters in London, and is a trading name of Henyep Capital Markets UK Ltd, a division of the Henyep Group. Who are, incidentally, also the name behind HY Markets, another well known Forex broker. PIPTRADE is a broker that concentrates on the needs of individual clients, rather than focusing on large or institutional clients. Which we happened to find very refreshing. It’s also reassuring to know that this broker is registered and authorised by the FCA (Financial Conduct Authority), so you can trade with complete peace of mind. On offer are a number of trading instruments, including Forex, gold and silver, gas, oil, metals, stocks, and indices. With offices in Europe, United Arab Emirates, and Hong Kong, traders can feel confident they are dealing with a globally renowned company, and being part of the Henyep Group should give you all the confidence you need.
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PIPTRADE has its own web based trading platform
PIPTRADE decided to be a little different, and while there is MT4 to use as a trading platform, there is also an alternative. PIPTRADER MT4 Webtrader trading platform is only available with PIPTRADE, and allows clients to access their MetaTrader 4 accounts, using any browser. It has the same look and feel of the industry leading MetaTrader MT4 download platform. Which means there is no learning curve, and everything is right where you’d expect it. With Webtrader there are live streaming tradable prices, advanced charting tools, and real time account information available online.
A range of accounts at PIPTRADE
With PIPTRADE there are a number of different options. So many, in fact, that most individual traders will find something to suit them. Let’s look at what’s on offer, and remember most can be opened with the Webtrader platform or the renowned MT4.
Mini account – This account is a great way to get started, and only requires a minimum deposit of $50. For the beginner it is a good way to learn more about margin trading and for more experienced traders it is a great way to improve new trading strategies. This is because the initial capital investment is relatively small, and risk is significantly reduced. Leverage is 1:300, and there is as little as $0.10 per tick. Spreads are 1.8 pips.
Standard account – With a Standard account traders have access to the complete product offering, with the bonus of real-time quotes and a dedicated customer service. The Standard account is perfect for the investor with a little more experience, but one who wants to benefit from lower spreads but take smaller trades. As with the Mini account there is the option to choose the PIPTRADE Webtrader trading platform or the MT4 trading platform for desktop or mobile devices. A minimum deposit of $750 is required, and trades are from $1 per tick. Margins per trade start at $50, and pip spreads are 1.8.
Premium account – Premium accounts are for the more experienced and serious investor. Those with at least $2,500 to make as an initial deposit. This account offers the tightest spreads, advanced trading tools, and VIP customer service. Margins start at $500 per trade, and these are from $10 per tick.
At present there are no special promotions or bonuses offered by PIPTRADE, but that doesn’t mean there won’t be some in the future. Keep us as one of your favorites and we’ll make sure we keep you up to date.
There is plenty to help the beginner at PIPTRADE
With PIPTRADE there is a great education centre as part of their site. Through a range of different formats a novice can easily start to find their way around trading global markets. There is a comprehensive guide to all that PIPTRADE offers, and a good explanation of both fundamental and technical analysis. There is also a great section that gives a great introduction to understanding reports. And many of you will appreciate that learning the jargon can sometimes be time consuming. Not so with the section that helps learn all the relevant market terminology.
PIPTRADE accepts a number of payment methods, including Visa and Mastercard, Moneybookers, WebMoney, Wire Transfer and other local payment methods. Processing can take anything up to 10 working days, but this is due to the security checks that are required to ensure funds are sent to the correct account. PIPTRADE is a secure site that adopts a 128-bit encryption key for all personal details and financial transactions. Traders can also be confident their funds are safe as they are protected via the Financial Services Compensation scheme. Which requires PIPTRADE to segregate clients money on a daily basis in a separate client money account.
All in all, we found PIPTRADE to be more than a worthy contender, and its connection with the Henyep Group makes it a broker you should be considering.