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Pip Wizard Review: An Outright Scam Pipwizard.com

Pip Wizard Review: An Outright Scam Pipwizard.com

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Pip Wizard (Pipwizard.com) is a signal provider that claims to have over 3,000 members. The platform boasts of having over 80 percent winning rate with their signals. Members get an average of 500 pips per month with a high-profit rate. PipWizard is claiming to use SmartScan Technology that has a better chance of making a profit. We had to check it out with all these claims and see whether they meet the industry’s standards. Read this thorough PIP WIZARD Review for more.

Pip Wizard Review

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About Pip Wizard

Pipwizard Forex services, LLC, is a platform that offers managed and signal services. The separate business units that run alongside the main service also deal with Forex trading. These services include forex managed services, forex training, money management, and software development. The platform wants to provide users with the necessary resources for success. This platform wants to provide not only one tool but several tools to aid in online trading.

Immediately you land on their homepage; you realize that something is missing. The platform fails to grasp the attention of readers. All the homepage does is sell the idea of a successful signal provider. With this sales tag, the platform hopes to get as many investors to sign up as possible. Thanks to our investigation, we have proof that this website is not all it looks. There are various loopholes that the team behind this platform must improve to give it the thumbs up.

Available products

Since their main service is signals, they offer only major forex currency pairs. These include AUDUSD, EURUSD, GBPJPY, GBPUSD, and USDCHF. Other services on offer include money management service, which is one of their biggest scares. There have been complaints that the platform makes poor investment options. As far as forex training is concerned, there are better and free programs. The platform uses the same free material one can get from the internet.

Business owner

Forex Services, LLC is the entity behind this platform, and they claim to be located in Palm Beach. These are false claims as there is no such company registered under this name. The platform also exaggerates the number of clients they have. Records on their homepage claim to have over 23,000 clients serviced so far. We have a feeling that the platform currently has less than 500 members. These are professional con artists who want a piece of the forex trading pie.

Comments and feedback from users

What is weird with the platform is that there is no chatter regarding their services. Even with claims of having over 23,000 clients, no one seems to know them. A closer look at signal trading forums reveals that most people are not interested. The platform does not do good when they fail to post comments from their members. One would expect to see various comments from satisfied consumers. The problem is that the platform is not reliable, and the trading community does not receive it with open arms.

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Domain details of the platform

With a domain tools checker available for everyone, we checked their online presence. The background and history of a website help reveal a clearer picture of what’s happening. According to records, the website went live on 14th May 2006. Imagine a website with over 14 years of trading history, and no one seems to notice it. There must be something off with it as the number of hosting changes over the years is astonishing. The platform has conducted over 58 changes over the past 13 years. It could mean that the site could be changing ownership from time to time.

Features of Pip Wizard

It is a forex signal provider that also doubles up as a money management service contributor. The platform uses the Trend following strategy, and all timeframes are available. With this comes the price tag of $49 to $249 per month, depending on the plan. There are three to six trades per day with a promise of making 200 to 400 pips per month. FX Pro offers swing trading signals, which are their biggest catch. Before signing up with the platform, there are a few things to note.

Is Pip Wizard Licensed or Registered?

Pip Wizard is not a licensed entity as no regulator on earth knows this platform. The program claims to operate in over 221 countries, which are not true. The majority of investors and traders in most countries have not heard of this platform. And this is why we have an issue with their online manipulation. We checked with the regulator in their address and found that they have received complaints from users. The CFTC and NFA have been receiving complaints about this platform.

With the increasing number of complaints comes the fear of losing funds. The platform does not provide the safety of funds for its members. And this will only lead to more problems once you sign up. Depositing funds with their money management service is a problem. The platform does not provide insurance cover for such services. Once you deposit funds, the platform may decide to shut down your account. There is no way of getting help as their contact details could not be verified.

Pros and cons of Pip Wizard

Pip Wizard Account Plans

Pip Wizard Performance

Pip Wizard is offering its members three plans to choose from. These plans include the Introductory, FX3 signals, and FXPro Swing Trades. Each of the plans comes with a different set of features. Most of the promises we see are not as realistic as users get a guaranteed 80 percent profit guarantee. With the markets being volatile, making such claims is against the norm. These plans start at $49 per month, and the biggest subscription is $249 per month. With no one coming out with proof of making a profit, one needs to be extra careful.

Contact and support

One expects live chat support for a platform that has serviced over 23,000 clients in over 221 countries. There’s no such thing as the platform does not come close to giving users top-rated services. The contact page has a phone number that is ever busy. With this phone number, it would have been easier to contact support directly. There’s also a message board where users are to leave their messages. Please expect a response within a few weeks as their response time is slow.

Performance and trading results Pip Wizard

Pip Wizard Price

We headed for their performance page and were shocked by the amateur chart we saw. One would expect that the service provider offers more professional performance data. We expect the platform to have verified results from third-party platforms. A better option is to post their results with renowned platforms such as FX Blue and myfxbook. We won’t trust any charts since they could be made up. There are no comments from users who could help verify their trading charts. And this is a problem with most signal providers; they fail to live up to the hype.

Scam or Legit Pip Wizard

Pip Wizard is a scam that must be exposed by all means necessary. The signal provider seems to be having a problem with their marketing as no one trusts them. Other reviewers also trash this platform, pointing to a scam. Ensure you stay away from it and choose industry-backed trading tools. There is no safety net when using a platform that does not cover depository insurance. Could you stay away from it?

Bottom line

We won’t be recommending this platform since they don’t have verified results. Until such a time, we urge potential investors to stay away from the platform.

The best decision is to have transparent, forex trading robots. These robots offer non-stop action when it comes to online trading. Set the standards with commendable robots that protect your interest. It’s the only way to make money with online trading.

Our team wishes everyone the very best in their online trading endeavors.

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