This PipsMasterPro review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
PipsMasterPro Broker Overview
- Website: https://pipsmasterpro.org/
- Website Availability: NO
- Headquarters Country: United Kingdom
- Owned By: PipsMasterPro Ltd
- Blacklisted by: Not recommended by the review website like Fraud Recovery Experts
- Domain Age:
- Name: pipsmasterpro.org
- Registry Domain ID: f7718bc44f6a44e1bfd637fb5f22abc2-LROR
- Registered On: 2024-10-20T07:03:03.454Z
- Expires On: 2025-10-20T07:03:03.454Z
- Updated On: 2025-01-31T07:54:42.25Z
This is a forex trading brokerage apparently providing traders with the services needed to carry on their business as an investor. However, some concerns can be raised about its legitimacy and safety.
No Regulatory Info Within
One primary red flag for PipsMasterPro would be its apparent lack of regulatory control. Well-regulated brokers should be registered with recognized financial authorities that ensure a broker’s compliance with the industry’s best practices while protecting consumers. The absence of such documentation draws PipsMasterPro to question whether it runs under any financial regulations.
Red Flags and Complaints
Several red flags merit potential investors’ caution. There have been reports that its regulatory license was already revoked, putting a serious question mark against the operational legitimacy of the broker. Alongside this, users’ reviews on platforms such as WikiFX have reported issues including withdrawal problems and lacking customer service support. Such complaints depict possible operational inefficiencies as well as other forms of malpractice.
Is PipsMasterPro Safe?
In the absence of proper regulatory supervision and given the several complaints raised by users, PipsMasterPro does not appear to be a safe choice for forex trading. Investors are advised to do suitable due diligence on their part and consider other brokers that carry a transparent regulatory pedigree and good user reviews for the safety of their investments.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is PipsMasterPro Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of PipsMasterPro Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from PipsMasterPro Broker?
If you got scammed by PipsMasterPro Broker, these steps might help you recover your funds:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
About Fraud Recovery Experts
Fraud Recovery Experts offer assistance to financial fraud victims in recovering their money. Our team of specialists works alongside banks and legal authorities to trace fraudulent transactions and assist them in the process of recovery.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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