MPIPFX Forex Broker

Since MPIPFX 's official website (https://mpipfx.com/) is now down, we had to resort to scouring other websites for relevant information in order to construct a rough picture of the company's forex broker operations. General Information MPIPFX is a UK-registered forex broker providing a series of trading instruments, and this broker was not established young, with an operating time of less than 5 years. Through this broker, three types of trading accounts are available: Standard, Premium, and ECN, with the minimum deposit starting at $500. Please note what MPIPFX provides is not the industry-leading MT4 or MT5 trading platform. MPIPFX is operated by MPIPFX LTD, a company under no valid regulation. Please be aware of the potential danger. Account Types Three types of trading accounts are on offer: Standard, Premium, ECN. An initial deposit of $500 is required to open a Standard account, much higher than most legit brokers requirements for this type of trading account. The Premium account and the ECN account both require the minimum deposit of $1,000, and these two types of accounts are suitable for professional and experienced traders. Leverage MPIPFX does not elaborate on its trading leverage ratio. Since leverage can amplify both gains and losses, it should be used with caution, especially by beginners. Therefore, until more expertise is gained, it is prudent for novices to start with a lower size of no more than 1:10 until they gain more experience trading. Spreads & Commissions Spreads are determined by trading accounts. The spreads offered by the Standard account starts from 2.1 pips, the Premium account from 1.6 pips, the ECN account from 0.6 pips. Trading Platform What MPIPFX provides is not the industry-leading MT4 or MT5 trading platform. Customer Support Clients with any inquiries or trading-related can get in touch with this broker through the following contact channels: Telephone: ‎+44 7452056695 Email: support@mpipfx.com Risk Warning Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience. The information presented in this article is intended solely for reference purposes.