The Piptradex Login portal allows you to access the company’s free Demo account for newbies, although it lacks a regulation license.
It proves to be one of the opportunities online for buying and selling foreign exchanges (Forex). But that description does not capture everything about the company’s services.
Piptradex, according to the site, lets you trade stocks, forex markets, commodities, and indices. Does it make good on this claim? That proves a bit too hard to chew, given that the company provides a fake index for an MFSA (the Malta financial enforcement branch) license.
Caveat: we do not encourage anyone to invest in this company. Our article is not investment advice, and it does not intend to induce anyone to join Piptradex. If you invest in the platform, you do so at will.
We explain the Piptradex Login and highlight some issues about this company in the sections below. Read on for details.
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Piptradex Login: Offers Online trading Options
The platform supposedly offers efficient services captured in the following cliché: simple, flexible, and reliable.
It promises a series of trading tools even on the free demo account. You do not have to worry about fee extraction whenever you transact with the company. Also, it allows you to start with an unspecific reference to small amounts of money.
The Piptradex interface allegedly allows you to customize the interface and change the theme. It provides 24/7 support, according to the website, and enables payments for transactions on different cashless media. So, you can deposit funds using BTC, Mastercard, Skrill, Visa, and so on.
Moreover, the company supposedly keeps clients’ funds in an isolated account, keeping it secure and ready for access. Here is how the official website puts it.
All your money is segregated and held in secure financial institutions. In this way, in the unlikely event of Piptradex becoming insolvent, all your money will be returned to you because it is never merged with ours.
We briefly discuss this bit in the last section. See the Piptradex Login procedure below.
How to Sign-in to Piptradex
You can access your account on the website using the following Piptradex Login steps.
- Go to the Official Piptradex Login webpage.
- Click on the option for Sign in (sic) your account.
- Enter your email address and password in the relevant spaces.
- Then click on Log in.
Note: ensure you understand the implications of trading with an unregulated broker, especially one that inserts the weak disclaimer (in bold print above) about going insolvent. We highlight the red flags about this company below.
Here is a bullet-point view of the issues about Piptradex as a broker.
- The company lacks a regulation, attempting to substitute the index with a fake.
- There is no proof of forex, indices, stocks, or commodities trade on the site. Anyone depositing on the platform will have to take them on their words, which is quite too much.
Also, Piptradex does not mention any procedures that check insolvency to prevent it from impacting traders’ funds. Of course, the site mentions a segregated account. It does so without proof, though.
Anyone can randomly claim to run a segregated account as a legitimizing prelim for holding investors’ money. Piptradex does so, and it does not qualify as a reliable broker at all.
Moreover, there remains the gnawing remiss of regulation license. If you invest in an unlicensed company, you risk your funds. But it doesn’t end there. You cannot apply for indemnification unless the culprits are caught.