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Flip Access

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Operating status: SCAM

Website: https://flipsaccess.com/

Broker violations and abnormal records
  • 2022-05-26 The Germany BaFin Added Flip Access into Its Warnings

    On 27 May 2022, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that Flip Access does not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_05_25_flipsaccess_en.html;jsessionid=78B6DDD83D265031F0309C4FF7FA9202.2_cid500

    On 27 May 2022, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that Flip Access does not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_05_25_flipsaccess_en.html;jsessionid=78B6DDD83D265031F0309C4FF7FA9202.2_cid500
  • 2022-06-01 BrokersView has reviewed that Flip Access is an unregulated forex broker

    Flip Access has a domain name that was created on 31 March 2022, only two months ago. As we all know, fraudulent forex entities create sites that are generally 1 to 2 years old and disappear to recreate another domain name. And Flip Access is therefore, part of this dangerous category of fraudulent financial company. 

    On its "Legal/Regulation", Flip Access states it is an authorised broker under double supervision, including the Register of Companies of the Financial Conduct Authority(FCA) under registration number 9828006 and the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under registration number 0198016. However, we found no matching records for the firm on the FCA Registry and BaFin Registry. Instead, we found a warning record - BaFin investigates Flip Access - the company is not supervised by BaFin.

    Based on the above information, we can conclude that Flip Access is a scam.

    Flip Access has a domain name that was created on 31 March 2022, only two months ago. As we all know, fraudulent forex entities create sites that are generally 1 to 2 years old and disappear to recreate another domain name. And Flip Access is therefore, part of this dangerous category of fraudulent financial company. On its "Legal/Regulation", Flip Access states it is an authorised broker under double supervision, including the Register of Companies of the Financial Conduct Authority(FCA) under registration number 9828006 and the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under registration number 0198016. However, we found no matching records for the firm on the FCA Registry and BaFin Registry. Instead, we found a warning record - BaFin investigates Flip Access - the company is not supervised by BaFin.Based on the above information, we can conclude that Flip Access is a scam.

Related Complaints

Q&A

Im looking for a broker that offers USD/HKD. Does Flip Access offer this pair?

Pfanani
Mali
2022-09-28
ANSWER Flip Access is not a licensed or regulated broker even though it states offers that look good to be true. On this broker's "Legal/Regulation", Flip Access states it is an authorised broker under double supervision, including the Register of Companies of the Financial Conduct Authority(FCA) under registration number 9828006 and the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under registration number 0198016. However, we found no matching records for the firm on the FCA Registry and BaFin Registry. Instead, we found a warning record - BaFin investigates Flip Access - the company is not supervised by BaFin. You can check the full warning from here. The truth is, Flip Access is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Flip Access and trade with licensed brokers.
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