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Does ALLTRADERS PIPS have licenses?
Hanna Saleh
Colombia
2023-09-25
ANSWER No, ALLTRADERS PIPS operates without the required license.ALLTRADERS PIPS claims to be a leading Forex CFD provider, but its domain registration date says the different story: it was only registered in April, 2023, a contradictory situation signaling that this is a possible scam. ALLTRADERS PIPS provides two addresses, one in the UK and one in the US, but it does not have any licenses from the relevant authorities. The Financial Conduct Authority (FCA) in the UK and the National Futures Association (NFA) in the US have not authorized this broker to operate. In fact, the FCA has issued a warning against ALLTRADERS PIPS, advising the public to avoid this unregulated firm.Therefore, ALLTRADERS PIPS is operating illegally and without any oversight. It is an unlicensed broker. Investing with this broker is extremely risky, as there are no guarantees that the funds will be safe or secure. To mitigate such risks, it is better to choose a fully regulated one instead.
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