Score
POIPEX
United Kingdom|2-5 years| http://www.poipex.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed POIPEX also viewed..
XM
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
ATFX
- 5-10 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
Vantage
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
GTCFX
- 10-15 years |
- Regulated in United Kingdom |
- Straight Through Processing(STP) |
- MT4 Full License
Website
poipexjp.com
Website Domain Name
poipexjp.com
Server IP
104.21.89.218
-
poipex.com
Server Location
Hong Kong
Website Domain Name
poipex.com
Server IP
43.230.89.202
Company Summary
| Registered Country/Area | United Kingdom |
| Founded year | 2022 |
| Company Name | POIPEX MARKET LIMITED |
| Regulation | No regulation |
| Minimum Deposit | $100 |
| Maximum Leverage | 400:1 |
| Spreads | From 0.0 pips ( allegedly) |
| Trading Platforms | MetaTrader 5 tradiing platform |
| Tradable assets | foreign exchange, precious metals, energy, index |
| Account Types | Not specified |
| Demo Account | No |
| Islamic Account | No |
| Customer Support | Phone |
| Payment Methods | Bank wire, credit cards |
| Educational Tools | Limited or none |
Overview of POIPEX
POIPEX MARKET LIMITED is a forex brokerage based in the United Kingdom. Established in 2022, the company provides trading services in various financial instruments such as foreign exchange, precious metals, energy, and indices. However, it is important to note that POIPEX MARKET LIMITED operates without any regulatory oversight.
The minimum deposit required to open an account with POIPEX is $100, making it accessible to a wide range of traders. With a maximum leverage of 400:1, traders have the potential to amplify their trading positions. The spreads offered by POIPEX are alleged to start from 0.0 pips, but it is important to exercise caution as these claims are allegedly made by the company.
POIPEX MARKET LIMITED provides its clients with the MetaTrader 5 trading platform, a popular choice among traders. This platform offers a variety of tools and features that can enhance trading experience and efficiency.
The company does not specify the different types of accounts available, nor does it offer a demo or Islamic account option. This limitation may not be ideal for traders seeking specific account types or those who follow Islamic principles in their trading activities.
In terms of customer support, POIPEX MARKET LIMITED offers assistance via phone. However, it is important to note that the availability and responsiveness of customer support may vary.
Is POIPEX legit or a scam？
POIPEX MARKET LIMITED operates without any regulatory oversight. This means that the broker is not subject to supervision or scrutiny by any regulatory authority.
Without regulatory oversight, there is no guarantee that POIPEX MARKET LIMITED adheres to industry standards or follows ethical business practices. The lack of regulation exposes traders to potential risks such as inadequate security measures, misinformation, and potential fraudulent activities. It also means that there is no external body to hold the broker accountable for any misconduct or malpractice.
Market Instruments
POIPEX MARKET LIMITED offers a diverse selection of market instruments to its traders. Among the available options are foreign exchange, precious metals, energy, and indices.
Foreign exchange, or forex, is an essential market instrument offered by POIPEX. It enables traders to participate in the global currency market, taking advantage of fluctuations in exchange rates.
In addition to forex, this broker also allows traders to trade precious metals such as gold and silver. These metals have long been regarded as safe-haven assets, often sought after during times of market volatility.
Energy products such as crude oil and natural gas are also available for trading with POIPEX. These commodities play a fundamental role in the global economy and are subject to various supply and demand factors.
Furthermore, POIPEX MARKET LIMITED provides access to a range of indices, which represent the performance of a group of stocks from a specific market sector or region.
In conclusion, POIPEX MARKET LIMITED offers an average range of market instruments compared with other brokers' offerings.
Account Types
POIPEX MARKET LIMITED fails to disclose clear information regarding the account types it offers. While requesting a minimum deposit of $100, this broker conveniently neglects to detail the different account options available to clients. This lack of transparency raises concerns about the firm's commitment to providing adequate choices and catering to the diverse trading preferences of its clientele.
Furthermore, the absence of a demo account compounds the issue, as POIPEX denies traders the opportunity to familiarize themselves with the platform and its functionalities before risking their hard-earned funds
Leverage
POIPEX MARKET LIMITED offers leverage ratios reaching up to a staggering 1:400. While leverage can be a useful tool for amplifying potential profits, it is crucial to recognize the inherent dangers it presents to traders.With leverage ratios as high as 1:400, POIPEX places clients in a precarious position, as the potential for substantial losses is magnified exponentially.
Spreads & Commissions (Trading Fees)
POIPEX MARKET LIMITED purports to offer spreads starting from 0.0 pips. However, the lack of a demo account for clients to test this claim is a cause of concern. The absence of a demo account restricts potential traders from verifying the accuracy of the proclaimed spreads. In fact, reports from users suggest that the spreads provided by this broker are far from stable and may vary significantly during trading sessions.
Non-Trading Fees
POIPEX MARKET LIMITED also imposes non-trading fees on its clients. These additional charges can further eat into traders' profits and must be taken into account when considering engaging with this particular broker.Notwithstanding the lack of transparency surrounding these charges, reports from users suggest that the non-trading fees imposed by POIPEX can be excessive and inconsistent.
Trading Platform
POIPEX MARKET LIMITED claims to offer the widely recognized MetaTrader 5 (MT5) trading platform to its clients. MT5 is a popular trading platform known for its advanced features and versatility. However, the reliability and overall performance of this platform when used with POIPEX can be called into question. Traders have expressed concerns about experiencing technical glitches, frequent system downtimes, and slow execution speeds, hindering their trading activities and potentially leading to substantial financial losses.
Deposit & Withdrawal
POIPEX MARKET LIMITED offers a limited range of payment methods for both depositing and withdrawing funds, namely bank wire transfers and credit card transactions. However, insufficient information is available on the associated fees and processing times for deposits and withdrawals through POIPEX.
With the minimum deposit set at $100, POIPEX appears to lower the entry barrier, allowing traders with limited capital to begin trading. However, the absence of detailed information on deposit and withdrawal fees raises questions about the true cost of engaging with this broker.
Customer Support
POIPEX MARKET LIMITED offers customer support to its clients solely through a phone contact, which can be reached at +855 93796238. Relying solely on a single contact method, specifically phone communication, raises questions about the accessibility and efficiency of the customer support offered by POIPEX. In a rapidly evolving financial landscape where traders require quick and effective assistance, a limited means of communication may present signif
Educational Resources
Another area where POIPEX MARKET LIMITED falls short is in the realm of educational resources. Limited or no educational tools are provided, which can be a disadvantage for traders who prefer to have access to market analysis, tutorials, and other educational materials to support their trading decisions.
Is POIPEX suitable for beginners？
POIPEX MARKET LIMITED may not be an ideal choice for beginners due to several limitations and deficiencies that are prevalent within their services. Three significant aspects that contribute to this unfavorable assessment are the absence of micro accounts, lack of transparency, and the lack of demo accounts and educational resources.
Firstly, the absence of micro accounts can prove to be detrimental to beginners who aim to start with smaller investment sizes. Micro accounts allow novice traders to gain practical experience and familiarity with the market without risking substantial amounts of capital.
Secondly, the lack of transparency exhibited by POIPEX raises concerns for beginners who require clear and comprehensive information regarding fees, processing times, and other crucial aspects of trading. Without this vital information, novices are left in the dark, unable to make informed decisions or fully understand the costs associated with their trading activities.
Furthermore, the absence of demo accounts deprives beginners of an essential learning tool that allows them to practice and develop their trading skills without risking real money.
Lastly, the lack of educational resources provided by POIPEX further undermines its suitability for beginners. Novice traders often rely on educational materials, such as tutorials, articles, or webinars, to develop their understanding of the financial markets and hone their trading skills.
Is POIPEX suitable for experienced traders？
Experienced traders may also find POIPEX MARKET LIMITED to be insufficient in meeting their advanced trading requirements.
Firstly, the absence of tiered accounts can be a disadvantage for experienced traders who seek more personalized and tailored trading conditions. Tiered accounts allow seasoned traders to access advanced features, enhanced trading tools, and lower fees based on their trading volume or account equity.
Secondly, the provision of only one trading platform, specifically MT5, can be a significant drawback for experienced traders. While MT5 is a widely used platform, experienced traders often prefer a range of options that cater to their unique trading styles and preferences.
Lastly, experienced traders often engage in complex trading strategies, deal with larger trade sizes, and may encounter technical or operational issues that demand immediate resolution. The absence of responsive customer support channels, such as live chat or dedicated account managers, can lead to frustration and delays in issue resolution, which can have a detrimental impact on experienced traders' trading activities and overall experience.
Conclusion
In conclusion, POIPEX MARKET LIMITED exhibits several noteworthy limitations and deficiencies that should be carefully considered by traders seeking a reliable and comprehensive brokerage service. The absence of micro accounts, lack of transparency, limited trading platform options (only MT5), absence of tiered accounts, an absence of demo accounts and educational resources, and the lack of responsive customer support collectively contribute to a suboptimal trading experience. These shortcomings restrict the flexibility, personalization, and support necessary for both beginner and experienced traders to thrive in the financial markets. Therefore, prudent consideration should be given to alternative brokerage options that adequately address these shortcomings and provide a more conducive trading environment.
FAQs
Q: Are there any restrictions on the number of trades I can make per day or month？
A: POIPEX does not impose any explicit restrictions on the number of trades traders can execute per day or month.
Q: Can I trade on multiple platforms with POIPEX？
A: No, POIPEX currently only offers the MetaTrader 5 (MT5) platform for trading.
Q: Are there any fees or commissions associated with trading on POIPEX？
A: Yes, POIPEX charges spread fees on trades, and there may be additional fees for certain trading activities or services.
Q: Does POIPEX offer any educational resources or trading tools for beginners？
A: Unfortunately, POIPEX lacks educational resources and trading tools specifically tailored for beginner traders.
Q: Is POIPEX regulated by any financial authorities？
A: POIPEX MARKET LIMITED operates without any regulatory oversight at the moment.
Q: Does POIPEX offer a demo account for practice trading？
A: Unfortunately, POIPEX currently does not provide a demo account feature for clients to practice trading.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 49
Content you want to comment
Please enter...
Review 49
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
FX1076082359
Taiwan
Poipex market limited, this fraudulent platform group has a new name in Line. Now it is called Baozhou Private Equity. If you see it, if they teach you to invest money, just don’t deposit money. Last year, Chen Jiayu was an assistant at Poipex. This year, Baozhou The name of the private placement line has been changed to "Lin Mei",
Exposure
2023-03-07
羅雪郁
Taiwan
Their company assistant told me every day that there is a market to invest in and cheat. After investing 11 million, I have to pay taxes and pay 5 million. I can’t get it out, and there are other fees that can’t be paid at all.
Exposure
2023-02-23
Vanessa789
Taiwan
The same Line ip, change the name, continue to scam. Don’t believe in the photos of handsome men and women, and ask you to invest in charity. It’s just the beginning, and you will be lured into it step by step.
Exposure
2023-02-03
Vanessa789
Taiwan
Attached is the photo that the liquidation is 3989 dollars, and the withdrawal of 51,000 is made in the afternoon. In order to prevent me from withdrawing the funds, Chen Huarong from the LIME fraud group called me to place an order. No, I was forced to make up about 17,000 US dollars, and then 565,000 more. After earning back, I can withdraw money, but I can’t get into the account. Then the Poipex platform manager and the group disappeared together. The woman in the photo is Chen Huarong who contacting me.
Exposure
2022-11-21
Vanessa789
Taiwan
This website cannot open an account, the phone number is fake, the mailbox does not replied, it is fake, the website account opening is connected to WeTrade, or the page is blank, the withdrawal is not credited, and all LINE contacts disappear.
Exposure
2022-11-21
Vanessa789
Taiwan
Investing in foreign exchange, deposit into the asset management account platform, there is no security, the platform information, phone number, and mailbox are also fake, no reply, no money can be withdrawn, who will dare to invest more? It has been 135 days since Poipex has withdrawn funds, and not a penny of 3.8 million has withdrawn, and the account cannot be used. The asset management account platform continues to cheat. I feel that foreign exchange investment is for fraudulent groups, and it is providing a normal channel to defraud others. There is no justice in the world, deceit becomes justified,
Exposure
2022-11-16
FX3747971676
United States
It is no news that Poipex is a scam company and the deposits made to them can be tracked through the right algorithm. It all started when I wanted to withdraw from my MT5 and I was declined severally. All attempts to get across to the support team proved abortive and this exactly made me take some steps that proved successful for withdrawal.I have shown proofs of my deposits to Poipex and further steps taken in my attachments.
Exposure
2022-11-01
jmasaj
Japan
No withdrawal has been made yet. There is a high possibility that this site itself is made by a fraud group. The amount is linked to MT5, but there is a high possibility that the fraudulent site management company has no money and pretends to be trading.
Exposure
2022-10-29
Vanessa789
Taiwan
The contact number on the Poipex website does not exist at all, everything is a scam, and the mai us not replied.
Exposure
2022-10-29
Vanessa789
Taiwan
Some of the following pictures are of a person who suddenly appeared in early September and said it was Poipex. Ask him to show his ID, but the other party didn't show it. He insisted that he wanted my account number.
Exposure
2022-10-25
Vanessa789
Taiwan
Mr. Liu Desheng from Poipex and Houde Zaiwu Studio, who claims to have a deep research on I Ching philosophical thought, started to induce and defraud me to deposit money in the Line group in March, about 2.5 million before and after. The manager and the studio all stopped responding around 7/2. Before 7/2, 3.8 million was withdrawn, and no one has been contacted so far. I hope that no one will be deceived again and the funds will be recovered. Thank you!
Exposure
2022-10-20
jmasaj
Japan
PoipexMarket does not allow withdrawals. As far as I know, he's not even an NFA member. However, the transaction is linked to MT5, but it is probably a fictitious company. I have never received an email reply.
Exposure
2022-10-19
Vanessa789
Taiwan
Poipex is a scam platform. It has been 100 days, and the withdrawal has not been credited, and has not responded. The official website is very good. Don't be deceived again.
Exposure
2022-10-13
mo62839
Taiwan
I waited for more than a month, and I couldn't withdraw the money. The platform manager read the message, but do not reply and just told me to wait patiently. The assistant did the same. I was really speechless. Complained to your center, no response. Nothing to say
Exposure
2022-10-12
jmasaj
Japan
A fraudulent act of being solicited by the LINE Group, adding funds, and making a profit, but ultimately not being able to withdraw unless 5% of the total profit is paid. The LINE group has lost contact and is hidden in the clouds. Akihiro Yamamoto, Takayasu Ikeda, and PoipexMarket's Sakuya Nakajima become gurus, and they are an unscrupulous fraudulent group that collects funds. Nakajima calls himself poipex and is the root of evil collecting funds.
Exposure
2022-10-11
jmasaj
Japan
I logged in from PoipexMarket and completed the withdrawal procedure on October 2nd, but it has not been withdrawn even after 5 days. At the same time as the withdrawal transaction, I was able to confirm that the withdrawal was made from the MetaTrade 5 screen. If the withdrawal procedure is delayed and the money is not returned to me, who should I appeal to? The deposit history and transaction status to MT5 and the deposit history and transaction status to PoipexMarket are the same as shown in the picture. If you can't withdraw with this, PoipexMarket will be doing transactions with no substance on MT5, and it seems to be a big problem. I have also contacted customer service, but there has been no reply at all, and PoipexMarket does not feel responsible for keeping the customer's money. I would like you to respond so that I can withdraw the money as soon as possible.
Exposure
2022-10-07
mo62839
Taiwan
The request for payment has been delayed for nearly a month. It also claims to be paid during the working day. The assistant can’t read it. The platform manager has no authority. It also claims to be a multinational company and talks about trust.
Exposure
2022-09-24
jmasaj
Japan
I downloaded MetaTrade 5 on August 6, 2022, registered a new PoipexMarket account, and started trading. I made a profit, so I requested a withdrawal on September 14th. The person in charge informed me that the money would be paid within 24 hours, but there was no news for several days after that. I contacted the head office by e-mail, but there was no reply, and when I filed a complaint with MetaTrade, the person in charge finally contacted me. . It is a situation where there is no explanation in advance that such money will be charged at the time of withdrawal. Also, on September 14th, I requested 450,000 yen to be deposited into my FX account, but despite the completion of the transfer from my account, the amount has not been reflected in my FX account. When I inquired with the person in charge, I was informed that I would be refunded within 7 days, but there is still no refund. After that, 5% of the profit will be deducted as part of the inhabitant tax, so the remaining inhabitant tax can be paid. I asked him to tell me his bank account many times, but he insisted that he could not tell me. I can't trust you in the situation that I can't tell you my account, and I haven't refunded 450,000, and there's no way I can pay 5% of profit resident tax. Once I confirmed with the lawyer about the resident tax, I was told that the resident tax would not be paid by the FX trader because I would pay it myself. I asked the person in charge to show me the company terms and conditions, but they said that I had already explained about taxes in detail on the line, so they were unable to show me the company terms and conditions. Is there such a thing in overseas FX trading? Please arrange withdrawal as soon as possible at PoipexMarket.
Exposure
2022-09-23
Vanessa789
Taiwan
Poipex's official website has done a good job. The written money can be credited on the same day. I waited for almost 90 days, and I didn't get a dime. I have to pay high interest rates, and my life is in trouble. Fraud platforms are killing people without blood. I hope everyone will be careful, and no one will be deceived again. There are also fraud gangs who are not afraid of Taiwan's laws. They deceive you hundreds of millions of dollars and pay tens of thousands of yuan. Fraud to pay taxes, pay the commission, pay the fast-track and you will be given money, if you are stripped, you will evaporate, and you will not be able to find anyone.
Exposure
2022-09-16
Vanessa789
Taiwan
It has been 86 days since the withdrawal of gold to gold, and I complained to Tianyan on 7/02, *** (Poipex Tianyan replied on 8/12, they are all queuing to withdraw, please wait patiently)***, the withdrawal is 3.8 million to gold It has been 87 days, and the account has not been credited. The Poipex asset management account will not be able to go online in mid-August. If you write a letter, you will not reply. The website indicates that a person will reply 24 hours a day. For those of you, Poipex is a fraudulent website, it has been cheating deposits. When you have more money, you want to withdraw money, try your best to make it impossible for you to withdraw money, and you have to deposit money. They are all disappeared now. It is current investment fraud method,
Exposure
2022-09-16