Klips Forex broker specializes in providing foreign exchange trading services, the company's official website https://klips.com/, the company's legitimate regulatory information CyprusCYSECMarket Making(MM),South AfricaFSCARetail Forex License, to enhance the security of the company's address 11 Riga Fereou Street, Ground Floor, 3095 Limassol, Cyprus.
Klips Forex Broker
Basic information
Cyprus
5-10 years Regulated in Cyprus Regulated in South Africa Market Making(MM) Retail Forex License Suspicious Scope of Business Medium potential riskCompany profile
Klips, established in 2014 and headquartered in Cyprus, is a regulated financial services provider. It offers diverse tradable instruments such as currencies, commodities, indices, and shares with its mobile application. However, the company faces limitations in providing detailed information on accounts and trading conditions.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC and FSCA | Limited info on trading conditions |
| A wide range of trading products | No MT4/5 |
| Demo accounts available | Limited payment options |
| No commissions | Regional restrictions |
Is Klips Legit?
Yes, Klips is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA).
| Regulated Country | Current status | Regulated Authority | Regulated Entity | License Type | License Number |
| Regulated | The Cyprus Securities and Exchange Commission (CySEC) | Klips CY Ltd | Market Making (MM) | 434/23 | |
| Regulated | The Financial Sector Conduct Authority (FSCA) | KLIPS SA (PTY) LTD | Retail Forex License | 47742 |
What Can I Trade on Klips?
On Klips, you can trade with currencies, commodities, indices, and shares.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Spread and Commission
Klips does not impose any commission fees, which is advantageous. Nevertheless, there is a scarcity of details regarding other trading conditions.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Klips app | ✔ | App Store, Google Play, AppGallery | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
You have the option to top up your Klips account with fiat currency using your credit card. Alternatively, you can select a different payment method from the options provided once you click on the “Deposit” button.
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Latest Reviews
Yuk Chukwueze
Nigeria
Special thanks to the great support team! You’re awesome! Love this broker! Nice and bid leverage. Many many trading tools. Quickest withdrawal ever. Should I continue??? That’s a good one, guys.
Positive
2024-05-17
jianghua
Malaysia
I love to use Klips because it's one like the best platform to trade in forex it is super is a and very helpful and have very use of friendly desktop supported is very helpful and I am using Klips from last 1 year and i love it
Positive
2024-06-27