Introduction to 1PipFix
If you are reading this, then you may be wondering what 1PipFix is and whether or not it is a legitimate company. 1PipFix is a foreign exchange (Forex) broker that is based in the Marshall Islands. The company offers online trading services to its clients, which include currency pairs, metals, and CFDs.
The company has been offering its services since 2010 and is regulated by the Marshall Islands Financial Services Authority (FSA). According to the FSA website, 1PipFix is a member of the Investor Compensation Fund (ICF), which protects investors up to a maximum of $20,000 per client in case the broker becomes insolvent.
1PipFix accepts clients from all over the world, including the United States. The company offers its clients a choice of two account types – Standard and ECN – both of which offer leverage up to 500:1 and margin requirements of 0.5%. Spreads start at 0.4 pips on the Standard account and 0 pips on the ECN account.
Is 1PipFix a Legit or Scam?
1PipFix is a forex broker that offers its services to traders around the world, including in the United States. While the company has been in operation for a number of years, there are some concerns about its legitimacy. In particular, there have been reports of 1PipFix being involved in scams and/or not being transparent about its fees and charges.
The best way to determine if 1PipFix is legitimate or not is to research the company thoroughly and speak with other traders who have used its services. From what we can tell, 1PipFix appears to be a reputable broker that offers competitive rates and reasonable fees. However, as with any broker, it’s important to do your own due diligence before choosing to trade with them.
Does 1PipFix accept USA traders?
Yes, 1PipFix does accept USA traders. However, there are some restrictions in place for USA traders. Specifically, USA traders are not able to use the 1PipFix platform to trade CFDs or forex. Instead, they must use a different platform that is designed for USA traders.
Pros and Cons of 1PipFix
1PipFix is a pretty new entrant in the world of online forex brokers. There are pros and cons to trading with 1PipFix. One pro is that they offer the MetaTrader 4 platform which is one of the most popular platforms among forex traders. Another pro is that they have low spreads starting from 0.4 pips on major currency pairs like EUR/USD and USD/JPY. A con is that they are not regulated by any major financial regulator like the US SEC or UK’s FCA. Another con is that their website is not very user-friendly and can be confusing for new traders.
Conclusion
1PipFix is a website that provides forex trading services. It is not clear if 1PipFix is a legit or scam website. The website does accept USA traders.