If you are looking to read Cash IP Finance reviews, you are in the right place. Is this broker a reliable broker? Read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is Cash IP Finance FX?
Cash IP Finance FX otherwise known as Cashipfinance.com is an offshore brokerage with a lot of promises for forex traders. The forex company has its registered address in Nicosia, Cyprus.
The brokerage presents on its website regulation by the local UK, Financial Conduct Authority. This, you will find that.
There are different account types offer by the broker—
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Cash IP Finance Minimum Deposit
Cash IP Finance FX does not mention its minimum deposit anywhere on its website. In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
This broker also doesn’t mention anything about its payment methods. This is typical for scammers, as they usually try to hide something shady.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Withdrawal process:
Cash IP Finance withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
Cash IP Finance Platform:
Cash IP Finance openly presents its trading platform to be TradingView. Not that it’s so bad, but it certainly can’t offer any advanced tools or unique features of MT4/MT5.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Cash IP Finance leverage is indicated 1:100. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
What We Discovered about Cashipfinance.com Broker
Cash IP Finance claims address in Nicosia, Cyprus. For brokers to operate legally, they must be regulated by the local Cyprus Securities and Exchange Commission (CySEC). However after we searched the registers of CySEC it turned out that Cash IP Finance isn’t on the list, therefore is not authorized to perform investment operations.
Furthermore, Cash IP Finance also claims operate under the requirements of the Financial Conduct Authority (FCA) of the UK. We checked the registers of this authority, but Cash IP Finance wasn’t on them.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Cash IP Finance FX Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Concluding Thoughts:
Cash IP Finance FX located at Cashipfinance.com claims to appear like a genuine trading broker, however, you should not take the words they say. From indications, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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