Forex, cryptocurrency, equities, and real estate are just a few of the asset types that ConnectedPip.com claims to facilitate trade in. Free analytical tools, zero-commission fast execution, small minimum deposits, and 2,100+ trading instruments are some of the highlights of the website. Various account kinds are highlighted to accommodate different investment levels, and advanced trading tools and competitive spreads are also highlighted.
Prospective users should be aware of a few warning signs, even when the platform’s features seem appealing:
Regulatory Authority: According to ConnectedPip.com, the UK and Switzerland are in charge of the company’s operations. Nevertheless, ConnectedPip.com is not found as a licensed organization in any of these countries’ official databases that pertain to financial regulation. People are questioning the platform’s authenticity because there isn’t any evidence of regulated control.
Platform Ads Make Exaggerated Claims About Your Potential Return on Investment (Relative to Your Initial Investment). An example would be the claimed return on investment (ROI) of $4,500 to $5,000 for a $500 minimum deposit in a basic account. This kind of tremendous return on investment with such a small initial outlay is suspicious and would not happen in a real trading environment.
Credible, third-party evaluations and testimonies for ConnectedPip.com are noticeably lacking. You can tell a trustworthy trading platform is good by looking at the trail of reviews it has received from satisfied customers and independent analysts. It is troubling that ConnectedPip.com does not have such information.
There is a lack of clarity on the company’s ownership, physical address, and leadership team on the website. Honest banks and exchanges are known for being upfront and honest in these areas. There may be an effort to hide the real nature of the firm if such information is scarce on ConnectedPip.com.
These findings suggest that you should proceed with caution while thinking about getting involved with ConnectedPip.com. There is a substantial probability of losing invested funds if one engages with unregulated platforms that offer abnormally high profits. Before investing funds to such platforms, prospective investors are strongly recommended to speak with financial advisors and do thorough due research.