PipHijau Review

PipHijau Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this PipHijau Review.

PipHijau Review

PipHijau is a Malaysian forex and CFD broker that offers three main types of live trading accounts. All of them are swap-free, i.e. Islamic, as required by local law. There is also a so-called Tournament account with a deposit of $100, leverage of up to 1:500 and spreads starting at 1.2 pips. The broker allows hedging and scalping.

Additionally, there is a free demo account for testing purposes. After 60 days of inactivity, the account is closed.

The company. Security of funds.

PipHijau is a Malaysian forex and CFD broker that is not regulated. As a matter of fact, regulation for forex brokers is not formally required, but the Securities Commission in Malaysia is supervising the exchange-traded products, including securities and futures and how brokers operate in the country.

On the other hand, according to its site, PipHijau is a white label partner of the offshore forex broker Mocaz Financial Markets, which is registered on the Saint Vincent and the Grenadines and Vanuatu. It, however, is not regulated either.

As we have said time and time again, those locations do not invoke much reliability, so we are not sure of the reliability of PipHijau, either. On the other hand, there are Many global brokers who already have established offices in Malaysia (including FXCM, XM and FXTM, among others), so it would be better to chose a properly regulated broker.

Trading platform

Like many other brokers, PipHijau offers the popular MetaTrader 4 (MT4) in its versions for desktop and mobile devices, but not the web-based one.

The platform has been on the market for over 10 years and is preferred by brokers and traders alike for its ease of use, multiple options, various types of orders, charting and technical analysis tools and the wide selection third-party applications compatible with it. MT4 also allows automated trading with Expert Advisors and hedging.

Promotions

PipHijau organizes a forex trading tournament – the Malaysia Trading Super League – with money prizes.

Payment methods

PipHijau offers just two options for deposit and withdrawal: by credit cards (Visa or Mastercard) and the Malaysian electronic payment methods (FPX). The broker, however, notes that clients can deposit money in any currency they wish and it will be converted in USD, which is the base currency.

As we have already said, PipHijau is not regulated, but regulation is not formally required in order to operate in Malaysia. We are not entirely familiar whether this means that it is an unreliable broker, but our guess is it is most likely a small-ish local broker. Otherwise, its trading conditions, or at least the ones we found, appear fairly average. This suggests it is better to look for a major global broker with reliable regulation and better trading conditions.

The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

PipHijau Review Conclusion

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