Streak Pips is a forex broker that has been accused of being a scam. The company claims to offer a variety of trading services, but there is no evidence to support these claims. In fact, there is a growing body of evidence that suggests that Streak Pips is a fraudulent operation.
Company Overview
Streak Pips is a relatively new broker, having been founded in 2019. The company’s website is poorly designed and lacks any meaningful information about the company or its trading services.
Team
The Streak Pips website does not list any information about the company’s team. This is a red flag, as legitimate brokers should always be transparent about their team members.
Services or Products
Streak Pips claims to offer a variety of trading services, including forex trading, CFD trading, and binary options trading. However, there is no evidence to support these claims. The company’s website does not provide any information about its trading platforms or its trading conditions.
License and Regulations
Streak Pips is not regulated by any financial regulator. This is a major red flag, as it means that the company is not subject to any oversight or scrutiny. Unregulated brokers are more likely to engage in fraudulent activities, such as front-running, market manipulation, and money laundering.
License Status
Streak Pips does not have a license to operate in any major financial market. This means that the company is not authorized to solicit or accept trades from retail investors.
Regulation Status
Streak Pips is not regulated by any financial regulator. This means that the company is not subject to any oversight or scrutiny. Unregulated brokers are more likely to engage in fraudulent activities, such as front-running, market manipulation, and money laundering.
Why Dealing With An Unlicensed Broker Is Risky?
There are many reasons why it is risky to deal with an unlicensed broker. Here are a few of the most important reasons:
- Unlicensed brokers are not subject to any oversight or scrutiny. This means that they are more likely to engage in fraudulent activities, such as front-running, market manipulation, and money laundering.
- Unlicensed brokers are not required to keep client funds segregated. This means that your money is not safe if you trade with an unlicensed broker.
- Unlicensed brokers may not be able to provide you with the support you need if you have a problem with your account.
Legal Warning Against Streak Pips
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a warning against Streak Pips. The FCA has warned that Streak Pips is not authorized to operate in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about Streak Pips online. These reviews allege that the company is a scam and that it has defrauded its clients.
Feedback About Their Trading
One of the most common complaints about Streak Pips is that the company’s trading platform is not reliable. Traders have reported that the platform often crashes or freezes, which can lead to losses.
Feedback About Their Customer Service
Another common complaint about Streak Pips is that the company’s customer service is poor. Traders have reported that they have difficulty getting in touch with customer support and that the support staff is unhelpful.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Streak Pips or any other forex broker, you can contact us. You will get a free consultation call and there you will get some professional guidance and recovery service recommendations that will help you in recovering the lost funds.
Final Thought
Streak Pips is a scam broker that should be avoided. If you are considering trading with this company, we suggest to reconsider. There are many legitimate forex brokers out there that offer safe and reliable trading services. Do your research and choose a broker that you can trust.
