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PipIndex reviews




Average: 2.3 based on 7 reviews
2.333335
PipIndex

PipIndex Forex broker reviews

  • Website:
  • Year since: 2014
  • Headquarters: London, UK
  • Company registration: PipIndex Capital Markets Ltd, United Kingdom;
    Finsa Europe Ltd., reg. #07073413, England and Wales
  • Regulation: FCA UK (#525164)

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REVIEWS & RATINGS

Rating interpetation



Uk

December 4, 2016



1 year Total
i worked there. nice people with this Broker


i worked there. nice people there , but the concept as youve read is they get clients from there training academy and make them think there your friend, when all we want is your money then to trade then to lose then to re deposit. same as others out there. i will say in some circumstances we did try to give clients there money or stop them trading as i said there were some nice people there who had a heart. im not saying they are really bad, but they are no different to anyone else, and using the training academy i felt uncomfortable especially dealing with large sums of money.

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Ireland, Thor

November 21, 2016



5 years Total
Demo with this Broker
1


A parasite broker who drives traffic from their educational arm...academyft/shaw academy. They teach you how to trade for $20 and then make money through their broker (pipindex) when you lose. They are a trading name of finsa and split all the client losses. THIS IS FACT. I have worked in the industry for 10 years and know how this works. Don't be a FOOL thinking that this broker is on your side and wants you to succeed when this could not be further from the truth.

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England, Stan

October 8, 2016



2years Total
2 years with this Broker
4


I have been with this broker as they promoted nice bonus.. must say , as the time passed that had no issues, always ready to answer, comparable spreads, execution fast. so far so good.

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ireland

July 4, 2016



5 years Total
They are NOT an STP with this Broker
1


They are NOT an STP broker.

The comment below is obviously from a staff member or if they not they would only know what the company told them and asked to write the positive review.

They make money when the client losses, the same as 95% of brokers out there.

The fact that they teach traders when it is in their interest that the trader losses is borderline criminal.

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England - Wallace

June 12, 2016



6 years live. Total
1 year live. with this Broker
5


Pipindex are a genuine STP broker and without a doubt the most professional brokerage I have dealt with over my 6 years of trading.
. Hassle free withdrawal/deposits.
. Tremendously professional experts that are willing to assist on a one2one basis, 24/5.
. Extremely generous bonuses.
. Tight spreads.

Not to mention that they offer constant education and support via the traders club. I am constantly learning excellent technical analysis and even get very logical information about up-coming and current fundamentals... All for free!

Love it. Highly recommended.
5 stars - *****

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trader

November 26, 2015
1


They are a trading name of Finsa Europe. Finsa Europe run a dealing desk on their behalf and pay PipIndex a percentage of the client losses. This is the business model.

PioIndex claim they are an STP Broker (make commission only) but this is not possible. A true STP broker would never outsource a dealing desk (Finsa) but would be dealing directly with liquidity providers which is how a true STP operates.

A dealing desk set up means the risk is being managed with the expectation of a high failure rate from the clients. It essence it is a de-facto casino. Punter bets on the market and the casino either pays out if they win or keeps the losses if they lose.

They are linked to a trading school called academyft. They teach a basic foundation course for $20 and then send those clients to the casino (pipindex/Finsa) like lambs to the slaughter.

I have traded the markets for 10 years and know how difficult trading can be if these clients think they will succeed on the back of a basic foundation course they are living in cookoo land. I would estimate 99% of these lambs lose all their money very quickly.

Nice business model for the owners, not so nice for the lambs getting slaughtered by the markets.

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Mexico, Matias.

July 16, 2015



2 years Total
4 months live with this Broker
2


This broker is good overall: 1 pip spread, leverage 1:200 only, Traders club, free formation from the first deposit, etc.

I tried it because they gave me a prize for winning a trading conquest, however, after completing the conditions in order to withdraw the prize (That had to be operated up to certain ammount of lots in order to get withdrawn) there were a lot of difficulties, technichal support even last 2 weeks to answer and 2 more weeks in order to withdraw the money (So it won't be available in MT4) and 2 more weeks to receive it. I was fearful that I couldn't even withdraw my profits and that's lame.

Tags: PipIndex reviews
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