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Has anyone ever been unable to withdraw money from NYMEX PIPS?
Hloni
India
2023-09-26
ANSWER The reason why you have trouble withdrawing your money is that NYMEX PIPS is a scam broker. It operates without a license, and has been red-flagged by a financial regulator. Acccording to BrokersView's investigation, NYMEX PIPS does not reveal any details about its regulation or contact, which is a clear sign of its unreliability. Regulated companies always display their credentials and licenses prominently, but NYMEX PIPS does not.The UK Financial Conduct Authority (FCA), the financial watchdog of the United Kingdom, has warned that NYMEX PIPS is offering financial services or products without authorization. You can refer to here for the full FCA warning.The reality is that NYMEX PIPS has no regulation from any authorities. It is unsafe to let it handle or control investors' money, as there is no legal protection for the money. Therefore, to avoid costly mistakes and minimize the risk of fraud and identity, it is advisable to choose a fully regulated broker instead.
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