PIPWISE Forex Broker

Pipwise Forex Broker - Complete Information Guide

1. Company Overview

　　Pipwise is a forex broker established in 2022 and operates under the name Pip Wise LLC. The company is headquartered in Tbilisi, Georgia, specifically located at Samgori district, Mikheil Gakhokidze street, n 49. As a privately held entity, Pipwise aims to cater to retail and institutional clients alike, offering a wide array of trading services in the financial markets.

　　The broker's development trajectory has been marked by significant milestones, including its establishment and obtaining regulatory approval from the Mwali International Services Authority (MISA), which oversees its operations in the Comoros. With a professional team boasting over 20 years of experience in financial markets, Pipwise initially focused on providing services to institutional clients and hedge funds before branching into retail trading.

　　Pipwise's business model is primarily centered around retail forex trading, but it also extends its services to include various asset classes such as commodities, indices, metals, stocks, and cryptocurrencies. This diverse offering positions the broker as a comprehensive trading platform for both novice and experienced traders.

2. Regulatory and Compliance Information

　　Pipwise operates under the regulatory framework of MISA in the Comoros, holding a retail forex license with the license number BF X 2024116. This regulation is classified as offshore, which may pose certain risks to investors. The broker is committed to compliance with local laws and regulations, including Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, to ensure the security and legitimacy of its operations.

　　Customer funds are segregated to protect against insolvency, which is a standard practice in the industry. However, it is important to note that Pipwise does not participate in any investor compensation schemes, which means that in the event of bankruptcy, clients may not receive any compensation for their losses.

　　Pipwise has implemented KYC procedures requiring clients to verify their identity and address before trading. This compliance is crucial for preventing fraudulent activities and ensuring a secure trading environment.

3. Trading Products and Services

　　Pipwise offers a diverse range of trading products, including:

• Forex: The broker provides access to a variety of currency pairs, including major, minor, and exotic pairs. The exact number of forex pairs available is not specified but includes popular options.
• CFDs: Clients can trade Contracts for Difference (CFDs) across various asset classes, including:
• Indices: Major global indices are available for trading.
• Commodities: Traders can access a range of commodities, including energies and metals.
• Stocks: A selection of global stocks is also offered.
• Cryptocurrencies: Pipwise provides trading options for several cryptocurrencies.
• Bonds: Fixed-income securities are included in the product offerings.

　　The broker frequently updates its product range to reflect market trends and client demand, ensuring that traders have access to the latest financial instruments.

　　Pipwise services retail traders primarily, but it also offers tailored solutions for institutional clients, including white-label solutions and asset management services, which enhance its competitive edge in the market.

4. Trading Platforms and Technology

　　Pipwise supports advanced trading platforms, primarily MetaTrader 5 (MT5) and cTrader, which cater to different trading styles and preferences.

• MetaTrader 5 (MT5): This platform is widely recognized for its user-friendly interface and robust functionality, allowing traders to engage in forex, stocks, and futures trading. It offers advanced charting tools, algorithmic trading capabilities, and copy trading features.
• cTrader: Known for its intuitive design and advanced order types, cTrader provides level II pricing and fast execution, making it suitable for both novice and experienced traders.

　　While Pipwise does not support MetaTrader 4 (MT4), it compensates with its robust offerings in MT5 and cTrader, which are accessible on desktop and mobile devices.

　　The broker operates on an ECN (Electronic Communication Network) model, ensuring that clients have direct access to the interbank market for better pricing and execution. The server infrastructure is designed to provide fast and reliable trading experiences, with strategically located servers to minimize latency.

　　Additionally, Pipwise supports API access for automated trading solutions, catering to traders looking to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

　　Pipwise offers several account types, each designed to meet the varying needs of its clientele:

• Standard Account: Requires a minimum deposit of $50, with floating spreads starting from 15 points and no commission.
• Institutional Account: Aimed at larger traders, this account requires a minimum deposit of $500 and offers floating spreads from 10 points with no commission.
• ECN Account: This account type requires a minimum deposit of $1,000, with spreads starting from 1 point and a commission of $8 per lot.
• ECN Pro Account: Designed for professional traders, this account requires a minimum deposit of $5,000, offering spreads from 1 point and a commission of $6 per lot.

　　Leverage options vary by account type, with a maximum leverage of up to 1:1000 available for standard accounts, while institutional and ECN accounts offer leverage of 1:200. The minimum trading volume starts at 0.01 lots, allowing for flexible trading strategies.

　　Pipwise also provides a demo account to allow prospective clients to practice trading without financial risk, enabling them to familiarize themselves with the trading platform and market conditions.

6. Fund Management

　　Pipwise supports a variety of deposit methods, including:

• Bank Transfers
• Credit Cards (Visa, MasterCard)
• E-wallets such as Bitcoin, Ethereum, Tether, and Perfect Money.

　　The minimum deposit requirements vary by account type, with the standard account requiring only $50 and the ECN Pro account requiring $5,000.

　　Deposits are typically processed promptly, allowing clients to begin trading quickly. However, details regarding any deposit fees are not explicitly mentioned in the available information.

　　Withdrawals can be made through the same methods, but specific withdrawal limits and processing times are not detailed. Clients should be aware of potential withdrawal fees, which may apply depending on the payment method used.

　　Pipwise emphasizes a seamless withdrawal process, generally aiming for efficiency in processing withdrawal requests, although some reviews indicate inconsistencies in this area.

7. Customer Support and Educational Resources

　　Pipwise offers a variety of customer support channels, including:

• Email: Clients can reach out via support@pipwise.com.
• Phone: The support line is available at +44 - 7723408532.
• Live Chat: Available 24/7 for immediate assistance.
• Social Media: Active on platforms like Telegram and YouTube.

　　The broker provides multilingual support to cater to its diverse clientele, ensuring that traders from various regions can receive assistance in their preferred language.

　　In terms of educational resources, Pipwise offers various tools, including:

• Webinars: Covering trading strategies and market analysis.
• Tutorials and E-books: Providing insights into trading techniques and platform usage.
• Market Analysis Services: Daily market news, analysis, and research reports to keep traders informed.

　　Additionally, trading tools such as calculators and economic calendars are available to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　Pipwise primarily serves clients from various regions, although it has specific restrictions in place. The broker does not accept clients from:

• Turkey
• United States of America
• Georgia

　　These restrictions are in line with regulatory requirements and the broker's operational policies. The company aims to ensure compliance with local laws and regulations, which may vary significantly across jurisdictions.

　　In conclusion, Pipwise presents a comprehensive trading environment for forex and CFD traders, but potential clients should conduct thorough research and consider the inherent risks associated with trading with an offshore-regulated broker. The information provided in this guide aims to equip traders with the necessary insights to make informed decisions about their trading activities with Pipwise.