1PipFix.com Reviews and Ratings
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According to 1PipFix.com Website:
1PipFix.com is regulated under the Federal Canadian Corporation Act, and the Forex Dealing Association.
1PipFix.com offers Meta trader platform4 with regular features and indicators that facilitate online trading transactions. They offer lower spreads than their competitors as they operate on low profits.
1PipFix.com provides downloadable Free Demo account for beginners. For traders who want to open a real account with them, it takes them something as little as $100. The trader can fund his account online, via Credit Cards, Pay Pal, Money bookers, or Bank wire.
For an individual interested in opening an account with them, it is mandatory to provide a photocopy of one official government issued ID or passport and proof of residence or utility bill, as written in the instructions.
Besides regular transactions they also offer trading in metals & futures. Their margins are set to 1% with a high leverage that the Forex trader is free to choose as per his preferences, starting from 1:10 to 1:500.
1PipFix.com processes the clearing transactions for all Forex deals through the Interbank. As a No Dealing Desk (NDD) utilizing Straight Thru Processing (STP), they do not provide liquidity.
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One Review
Beware of this broker, even though they say they are STP they are Market makers to many clients and will trade against their clients. If an e-mail is sent to them regarding their cheating technics. there will be no responce forever. All this happens because Forex is an Totaly unregulated Market.Hence any one willing to trade Forex should be very cautious about the brokers they select in order to avoid loosing their hard earned Money.
Ranjith on August 4th, 2010 - 2:41 am :