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Pips Life the Forex trading platform that provides signals to their investors. Each signal goes for $1, and the founder claims that they are highly profitable. However, the person who is running this organization is doing so anonymously. No information can lead to who they are or where they are located.
The company is running on a pay-as-you-go model. Whoever designed the website wanted to liberate investors from expensive investment plans that are not affordable. In case you encounter any loss, the platform claim they will refund your money. If only this were a legit investment platform, this is a very nice idea.
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Unfortunately, this is another Ponzi scheme that you should keep off at all costs. In this review, we shall discuss all the red flags with which the platform possesses. The owner of Pips Life believes that there are several reasons Forex traders should enroll in their platform.
One of the advantages that the company brag is that investors are not subjected to subscribe to anything. Therefore, you can only purchase a trading signal only when you need to trade. They also assure they will refund you fully if the signal they provide make losses.
Moreover, you can also receive a free signal after you invite your friends, colleague, or relatives to invest with the platform. Pips Life also boasts of having over 2.8 thousand happy customers.
The statistic does not seem correct as the company has only been in the market for a few months. The only reason that they are lying about the numbers is to gain the trust of innocent investors.
It will take time before any company builds up a reputation. Investors need first to trust a platform before depositing their funds. It might take several months or years to attain the numbers that these Ponzi scheme projects.
Pips Life fails to disclose the strategies that they are using to come up with the signals. Additionally, there is no existing proof that this firm is offering legit profitable signals.
We believe that they do not have a trading software, an expert team and whoever is running this venture lacks adequate knowledge regarding Forex trading. Legit Forex trading software will openly state the method they are using in their activity.
It is a major red flag that is enough to make you not deposit found on this website. Various loopholes surround the platform, and everything about them doesn’t add up. Pips Life claims they are utilizing the trend is your friend’s strategy to come up with the signals.
However, this is genetic information and shows that the company lacks transparency. The least amount of deposit that you can make is $5. They undisclosed the frequency they are sending traders the signals. We also don’t know the currency pair available.
The method of payment that they accept is debit and credit card, Skrill, Bitcoin, and Perfect Money. The company is a Ponzi scheme; there’s a high likelihood that you will make the deposit directly to the con artist bank account.
They do not feature any banking information, and this is a red flag. In case it exits the market, you won’t get a refund. Nonetheless, if you do the math, you might find the price of $1 no very expensive. However, if you order multiple signals, you will end up paying more than you would in other Forex trading companies. You will realize that a subscription is way better than what the company is offering.
Trading Results
Pips Life does not provide live trading results that can show how they are faring on in the industry. The only right that they display is a screenshot, which is from a mobile phone, and this is not a certified method, and we cannot use this to verify their performance.
It would have been best if the company used a reputable account like MyFxbook. It creates trust since you know what to expect. If you raise the question regarding their results, you will be told there is no need.
We all know the importance of this information. When Pips Life gives an excuse, it doesn’t serve any good. It only increases the level of distrust. Without knowing the trading condition that you are signing up for, we would advise investors to walk away. You should not waste time with this nasty shameless Ponzi scheme.
Contact Detail
We do not know the area Pips Life is based on. No background history has been provided, and this is a massive drawdown. Additionally, there is no corporate in the market overseas how they are running their business.
Investors can contact customer support via email is at [email protected]. It is not a very convenient method as your email might never be read. Ponzi scheme is good at observing anonymity. They ensure no information is left behind to incriminate them.
Moreover, they have a network. To chat box when you request specific information, you won’t get feedback. If you ask who the owner of the company is or the background knowledge that they have in the industry, you will get a rude shock. They claim they are not allowed to disclose names, which we find very suspicious.
The company is offering its services across the world. Nonetheless, they are not regulated by any financial watchdog to collect funds from members of the public. There are usually some advantages that come along with the unregulated platform.
However, in the long run, it is not worth the time or risk. We always advise traders to stick to a licensed investment platform in the market. They are safer and will operate by law.
Clients Feedback
Despite the platform having very enticing and pocket-friendly signals, they seem not to have what it takes to be the best in the market. They lack a good reputation in the industry. If you choose to invest with them, you will be doing it blindly.
There isn’t a single positive review or anyone who endorse Pips Life services. You don’t want to be a guinea pig as you will only make losses. Legit Forex trading software will acquire multiple feedback from their customers.
It always helps clients to make a better judgment of a platform when there is multiple feedback. We believe that this company will not survive long in the industry. They are doomed to fail, and they will exit the industry with the funds of those who will have invested.
Final Verdict
Pips Life is a very suspicious venture that every investor should be afraid of. The company is trying so hard to stay hidden from the public eye. There is a very minimal review regarding their operation, and the information they are well on their website is very insufficient.
Any company that cannot validate their results should never be trusted. We don’t know why the company refuses to disclose who their founder is or the qualification they have in the Forex means. There is nothing positive that comes with Pips Life company.
They are not regulated, and you can only contact them via email. They refuse to answer multiple questions that would shed light on their activities. You can invest with the best Forex trading software in the market and eliminate the possibility of being scammed.
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