PipTrade Review

This PipTrade review conducted by the expert team of Fxstay.com for those investors want to open account with PipTrade forex broker. The PipTrade broker is a trading term of Henyep Capital Markets UK Ltd or HYCM, a part of the Henyep Group, an international corporation with various business activities covering 3 continents and twenty countries internationally. The company also works under the brand HY Markets. It is regulated and authorized by means of the FCA.

PIPTrade Review By Fxstay.com

PipTrade is a retail forex broker providing trading in numerous metals, currencies, commodities, oil/gas, stock and indices through the popular MT4 and its exclusive PipTrade Webtrader platform.

Trading Accounts

This broker provides 3 basic account types: Standard, Mini and Premium. Mini accounts are custom-made to newbies or persons who don’t want to trade in large volumes. Standard accounts are right for regular traders, and the Premium ones are intended for advanced customers, ready to trade in high volumes. Moreover, personal VIP Customer Service is presented for account owners upholding a minimum balance of USD 5,000.

Moreover, Islamic Mini & Standard accounts are also presented to customers who don’t want to get interest for religious reasons. These accounts are swap-free, though the spread is 2.8 pips on EUR/USD.

Demo Accounts

The broker provide demo accounts free, At the “TopForexBrokers.com” PIPTrade review page you can open free demo account and test the broker trading accounts.

Security of Funds

As we have now stated, PipTrade is functioned by Henyep Capital Markets UK Ltd., a company regulated and authorized by the UK’s Financial Conduct Authority.

FCA is UK’s financial regulator, applying strict necessities to brokerage firms. They are essential to comply with certain procedures and rules covering customer funds, minimum capital requirement and order execution. UK-based brokers are pleased to hold as a minimum €730 000 in order to prove their financial strength. Regulatory experts in most jurisdictions set equal minimum capital requirements to earners of financial services. For example, Cyprus-based brokers are essential to possess as a minimum €1,000,000 in order to conduct their business activities legally.

With respect to security of customers` funds, we would also like mention that FCA-regulated companies decrease under the umbrella of the Financial Services Compensation Scheme (FSCS), which defends customers up to £50,000 per one.

Trading Conditions

Minimum Initial Deposit

In order to open an account with PipTrade Traders or HYCM broker are essential to deposit only $50, which is a relatively low minimum initial amount. In contrast, FxPro necessitate as much as 500 dollars from their customers to start with, whereas others, like FXopen for example, demand just 1 dollars. There are even brokers that do not necessitate any original deposit – like CMC Markets.

Average Commissions & Spreads

This broker provides fixed spreads, which are average for the marketplace – 1.8 pips on EUR/USD. In contrast, Plus500 provides fixed spread amounting to 2 pips on the EUR/USD and charges no fees or commission, and Trading212 offers fixed spreads of 1.9 pips on EUR/USD and mutable ones amounting to 0,9 pips on EUR/USD.

Leverage

Leverage rates with this broker differ, depending on the financial instrument traded. With regard to major currency pairs the maximum leverage level is fixed at 1:200.

For the forex market the standard Leverage of up to 1:200. In case, you essential higher leverage, other FCA-regulated brokers deliver such: FXCM, for example, FxPro provides leverage up to 1:500 and FXCM provides leverage up to 1:400.

You should remember, though, that higher leverage comprises higher risk, not only the possibility of increased profits earned on a small deposit.

Trading Platform

PipTrade provides 2 trading platforms: it’s the MetaTrader 4 and in-house PipTrade Webtrader.

PipTrade Webtrader is a web-based trading stage with comprehensible interface and offers integrated charts, pricing and trade screen.

The MT4 is also presented with this broker, web, desktop and mobile versions being presented. This platform is favoured by most traders, because it permits customers to completely automate their trades by Expert Advisors and let the program prepare all the work. Furthermore, it provides a number of extensive back-testing environment, technical indicators and advanced charting package.

Bonus

Most brokers provides welcome bonuses in order to invite new customers and PipTrade is no exception, providing 15 percent bonus on 1st deposit. For more information about the brokerage bonus visit “ForexSQ” PIPTrade Review page.

Risk Management Options

As leveraged products include a high level of risk and traders might lose more than their primary deposit, maximum brokers provide numerous risk management tools. One of those tools are assured stops and PipTrade provides an option to set such on an open position, permitting their customers to trade securely, without experiencing extra losses in case of slippage.

Payment Methods

PipTrade customers are capable to make deposits and withdrawals through debit/credit cards (MasterCard or Visa), PayPal, wire transfer, WebMoney and Skrill.

There are not any charges for depositing moneys into the accounts.

Conclusion

Being part of Henyep Group, PipTrade is a well-regulated and reliable, providing reasonable trading conditions for a variety of CFDs and trading in currency pairs. If you like this PipTrade review conducted by www.fxstay.com then share it on social media networks please.