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iForexpips

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Operating status: SCAM

Website: https://www.iforexpips.com/

Broker violations and abnormal records
  • 2023-11-26 The FCA issues a warning against iForexpips

    On November 27, 2023, the Financial Conduct Authority (FCA) issued a warning against iForexpips, stating that it is soliciting British investors without the required authorization. https://www.fca.org.uk/news/warnings/iforexpips

    On November 27, 2023, the Financial Conduct Authority (FCA) issued a warning against iForexpips, stating that it is soliciting British investors without the required authorization. https://www.fca.org.uk/news/warnings/iforexpips
  • 2023-11-28 BrokersView has reviewed that iForexpips is an unregulated broker

    While iForexpips portrays itself as a regulated forex broker, claiming to be overseen by various financial authorities, our investigation reveals otherwise.

    Despite its claim of having 30 years of experience, the domain name, iforexpips.com, was first registered in September 2023. This means the website is technically only 2 months old, which raises a red flag.

    iForexpips purports to be regulated by many financial regulators, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA), and the National Futures Association (NFA). However, our search for this broker in the registers of the aforementioned regulators yielded no matching results.

    It's worth noting that the FCA has added iForexpips to its warning list as an unauthorized firm in the UK, further undermining the company's credibility.

    In essence, iForexpips is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Based on these findings, it is clear that iForexpips is unequivocally a scam.

    While iForexpips portrays itself as a regulated forex broker, claiming to be overseen by various financial authorities, our investigation reveals otherwise.Despite its claim of having 30 years of experience, the domain name, iforexpips.com, was first registered in September 2023. This means the website is technically only 2 months old, which raises a red flag.iForexpips purports to be regulated by many financial regulators, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA), and the National Futures Association (NFA). However, our search for this broker in the registers of the aforementioned regulators yielded no matching results.It's worth noting that the FCA has added iForexpips to its warning list as an unauthorized firm in the UK, further undermining the company's credibility.In essence, iForexpips is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Based on these findings, it is clear that iForexpips is unequivocally a scam.

Related Complaints

Q&A

What currency pairs I can trade in iForexpips?

Sani Abdullah
Central African Republic
2023-12-06
ANSWER If you are considering engaging with iForexpips, we strongly suggest you reconsider. iForexpips has proven to be unreliable due to its fraudulent nature.iForexpips, whose domain name was created less than 3 months ago, claims to have over 30 years of experience. This platform falsely asserts to be multi-regulated, but our research suggests otherwise. Technically, iForexpips is a nascent, unlicensed trading platform. Moreover, it has been illegally targeting British investors, which has elicited a warning from the UK's financial watchdog, the Financial Conduct Authority (FCA). This further undermines the platform's credibility.Given these findings, it is likely that iForexpips harbors fraudulent intentions, potentially making individuals trading with it victims of fraud and identity theft. To avoid such risks, we recommend steering clear of iForexpips and instead choosing fully regulated brokers with excellent reputations.
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