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.
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.
Pipwise offers a diverse range of trading products, including:
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.
Pipwise supports advanced trading platforms, primarily MetaTrader 5 (MT5) and cTrader, which cater to different trading styles and preferences.
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.
Pipwise offers several account types, each designed to meet the varying needs of its clientele:
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.
Pipwise supports a variety of deposit methods, including:
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.
Pipwise offers a variety of customer support channels, including:
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:
Additionally, trading tools such as calculators and economic calendars are available to assist traders in making informed decisions.
Pipwise primarily serves clients from various regions, although it has specific restrictions in place. The broker does not accept clients from:
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.
FX2872993469
Oman
This broker won an award at the Dubai Forex Expo, and I was actually there. I have traded a lot on their MT5 platform, and it was really good. They helped me manage my risks in trading and taught me how to trade. There are also other good brokers, but this broker is really good.
Positive
04-18
ChallengerNo1
Iran
I've tried withdrawing funds a couple of times now, and each time the process has been seamless. The withdrawals are processed fast and there's no hidden fees or delays. It's nice to see a broker that actually delivers on its promises. I feel confident trading here knowing I can withdraw my funds whenever needed.
Positive
01-17
FX1582881274
Oman
I recommend traders give Pipwise a try. The variety of tradable instruments is truly impressive. I couldn't find XAUXAG on many other brokers, and I'm so glad I finally can trade it.
Positive
04-18