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NYMEX PIPS

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Operating status: SCAM

Website: https://www.nymexpips.com/

Broker violations and abnormal records
  • 2023-08-22 The UK FCA issued a Warning against NYMEX PIPS

    On 23 August 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that NYMEX PIPS was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/nymex-pips

    On 23 August 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that NYMEX PIPS was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/nymex-pips
  • 2023-08-24 BrokersView has Reviewed that ​NYMEX PIPS is an Unregulated Broker

    NYMEX PIPS claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. 

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that NYMEX PIPS was providing finacial services or products without authorisation.

    The truth is that NYMEX PIPS is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    NYMEX PIPS is a scam.

    NYMEX PIPS claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that NYMEX PIPS was providing finacial services or products without authorisation.The truth is that NYMEX PIPS is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.NYMEX PIPS is a scam.

Related Complaints

Q&A

Has anyone ever been unable to withdraw money from NYMEX PIPS?

Hloni
India
2023-09-26
ANSWER The reason why you have trouble withdrawing your money is that NYMEX PIPS is a scam broker. It operates without a license, and has been red-flagged by a financial regulator. Acccording to BrokersView's investigation, NYMEX PIPS does not reveal any details about its regulation or contact, which is a clear sign of its unreliability. Regulated companies always display their credentials and licenses prominently, but NYMEX PIPS does not.The UK Financial Conduct Authority (FCA), the financial watchdog of the United Kingdom, has warned that NYMEX PIPS is offering financial services or products without authorization. You can refer to here for the full FCA warning.The reality is that NYMEX PIPS has no regulation from any authorities. It is unsafe to let it handle or control investors' money, as there is no legal protection for the money. Therefore, to avoid costly mistakes and minimize the risk of fraud and identity, it is advisable to choose a fully regulated broker instead. 
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