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AuthPipsFx
Suspected Fraud
Suspected Fraud

AuthPipsFx

🇨🇳
  • Forex
  • Broker
Within 1 year
Website

Current Rating

0.93

Industry Tier

E

Profile

AuthPipsFx is an online platform claiming to offer investment and trading services in financial derivatives such as cryptocurrencies, indices, and forex. Its official website lists its registered address in the UK. However, upon thorough investigation, significant issues regarding the platform's legitimacy and compliance have been uncovered. AuthPipsFx not only fails to provide transparent company background information but also lacks authorization from the UK Financial Conduct Authority (FCA) and has been blacklisted by the FCA. This indicates that the AuthPipsFx platform may be illegally offering financial products and services, and investors should exercise extreme caution.

Background of AuthPipsFx:

AuthPipsFx's website is https://www.authpips-fx.com, and its domain was registered on April 6, 2024. The platform claims its registered address is in the UK. However, investigation and review of relevant company registration information reveal that AuthPipsFx is not legally registered in the UK and lacks any reliable corporate background.

AuthPipsFx regulatory information

AuthPipsFx company background

Regulatory Information of AuthPipsFx:

AuthPipsFx claims to be registered and licensed in the UK. However, official channels confirm that the platform lacks authorization from the UK FCA. The FCA (Financial Conduct Authority) is the principal regulator of the UK financial market, responsible for overseeing and ensuring the legality and compliance of financial institutions. Any platform operating in the UK without FCA authorization is illegal.

This false promotion by the platform serves as a serious warning to investors. The FCA’s warning indicates that AuthPipsFx not only lacks legitimate regulatory backing but also might mislead investors with false information, making them believe the platform is compliant. Unregulated platforms are often prone to financial fraud, illegal operations, or other forms of financial crimes.

AuthPipsFx regulatory information

Registration Process of AuthPipsFx:

AuthPipsFx's account registration process is similar to that of typical online trading platforms. Users need to click the registration button on the official website, fill out an application form, and submit identity and phone number verification documents. After making a deposit, they can start trading. Although the registration process seems simple, users should carefully consider before submitting personal information because an unregulated trading platform may not provide sufficient funds security, and there is a risk of illegal misuse of user funds.

AuthPipsFx registration process

Account Types of AuthPipsFx:

AuthPipsFx offers multiple account types, each with a relatively high minimum deposit threshold. Below are the account types and requirements provided by the platform:

  • SILVER: Minimum deposit $3,000, maximum deposit $30,000, leverage not specified.
  • GOLD: Minimum deposit $5,000, maximum deposit $100,000, leverage not specified.
  • PLATINUM: Minimum deposit $10,000, maximum deposit $500,000, leverage not specified.
  • DIAMOND: Minimum deposit $100,000, maximum deposit $1,000,000, leverage not specified.

These account thresholds are significantly high, especially for a trading platform that has not provided transparent background and compliance information. The undisclosed leverage and spread information further exacerbate the platform's suspicious nature, as a lack of transparency is often a hallmark of high-risk platforms, and investors may unknowingly bear enormous trading costs and hidden fees.

AuthPipsFx account types

Trading Software and Products of AuthPipsFx:

AuthPipsFx claims to offer a variety of financial derivatives trading, including cryptocurrencies, indices, forex, energy, stocks, options, and ETFs. However, the platform fails to detail the name and functions of its trading software. Legitimate trading platforms usually specify their trading platform's technical features, stability, and user experience to ensure traders can make informed decisions. The lack of description about AuthPipsFx’s trading platform further casts doubt on its legitimacy.

Despite offering a broad range of financial products, if the security and stability of the trading software cannot be guaranteed, investors' trading experiences may be severely compromised. More importantly, the safety of funds cannot be effectively guaranteed on an unregulated platform.

AuthPipsFx trading software and products

Spreads, Leverage, and Commissions of AuthPipsFx:

AuthPipsFx has not disclosed detailed information about its spreads, leverage, and commissions. This lack of critical information means that investors may encounter hidden costs and obscure trading conditions during the trading process. Leverage and spreads are key factors affecting trading costs, especially in high-leverage trading, where the risks multiply. Without detailed information on these conditions, investors may face unforeseen substantial losses during trading.

Deposit and Withdrawal Methods of AuthPipsFx:

AuthPipsFx's deposit and withdrawal methods include Bitcoin, Ethereum, Litecoin, and Perfect Money. Using cryptocurrencies for deposits and withdrawals can provide certain convenience but also increases the difficulty of tracking funds. Investors should exercise particular caution when choosing cryptocurrency transactions, as it becomes exceedingly difficult to retrieve funds once they are transferred to a virtual wallet. Coupled with the fact that the platform is unregulated, this poses a significant risk to investors' fund security.

AuthPipsFx deposit and withdrawal methods

Customer Support of AuthPipsFx:

Email: support@authpips-fx.com

Conclusion:

While AuthPipsFx appears to offer a variety of financial products and high-threshold account options on the surface, it severely lacks transparency and legitimacy. The platform has not obtained authorization from the UK FCA and has been blacklisted, indicating that its financial services might involve illegal operations. The undisclosed trading fees, spreads, and leverage information further heighten the platform's uncertainty, exposing investors to high financial risks when using it. When choosing a trading platform, investors should prioritize those with legitimate regulation, transparent fee structures, and solid customer support to ensure fund safety and stable trading. Given the numerous issues with AuthPipsFx, it is advisable for investors to steer clear of this platform to avoid potential fraud victimization.

User Reviews

0.93

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FAQ About AuthPipsFx

01

What is AuthPipsFx's official website?

A: AuthPipsFx's official website is https://www.authpips-fx.com/

02

Is AuthPipsFx a legitimate company, or is it a scam?

A: AuthPipsFx is currently marked as Suspected Fraud on TraderKnows.

03

What is AuthPipsFx?

A: AuthPipsFx is a Forex, Broker company.

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