Score
Tripeak
Singapore|5-10 years| https://tripeakfx.com/index.html
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
SingaporeAccount Information
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Website
tripeakfx.com
Server Location
United States
Website Domain Name
tripeakfx.com
Server IP
23.234.21.138
Company Summary
Note: Tripeak's official website - https://tripeakfx.com/ is currently inaccessible normally.
| Tripeak Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Singapore |
| Regulation | Not regulated |
| Market Instruments | 35 Currency Pairs, Gold, Silver, Crude, Cryptos and Indices |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| Spread | From 1.6 pips (Classic account) |
| Trading Platform | MT4 |
| Min Deposit | $10 |
| Customer Support | Email: support@tripeakfx.com |
| Social media: X, Facebook, Instagram | |
Tripeak was founded by Tripeak Services Limited in Singapore in 2019. It offers trading in 35 Currency Pairs, Gold, Silver, Crude, Cryptos and Indices with leverage up to 1:1000 and spread from 1.6 pips on the Classic account via the MT4 platform. The minimum deposit requirement to open a live account is just 10 USD. However, it currently has no valid regulations.
Pros and Cons
| Pros | Cons |
| Diverse tradable asset classes | Not regulated |
| Various account types | Only email support |
| Commission-free accounts offered | |
| Popular trading platform MT4 | |
| Low minimum deposit | |
| Multiple payment options |
Is Tripeak Legit?
No, Tripeak is not regulated by any financial authorities. Please be aware of the risk!
What Can I Trade on Tripeak?
Tripeak boasts that it provides various trading instruments, such as 35 currency pairs, Gold, Silver, Crude Oil, Indices.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| Gold & Silver | ✔ |
| Crude | ✔ |
| Cryptos | ✔ |
| Indices | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Tripeak provides three types of trading accounts, namely Cent, Classic, ECN. To open a Cent account, only $10 is enough, if you are willing to take the risk of trading with an unregulated forex broker. The Classic account requires the same amount of initial deposit as Tripeak.
The most expensive account, the ECN account, asks for an initial deposit of $1,000.
| Account Type | Min Deposit |
| Cent | $10 |
| Classic | $10 |
| ECN | $1,000 |
Leverage
Tripeak allows its clients to use leverage of up to 1:1000, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
| Account Type | Max Leverage |
| Classic | 1:1000 |
| Cent | |
| ECN | 1:200 |
Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spread and Commission
Tripeak's spreads and commissions also vary by the accounts.
| Account Type | Spread | Commission |
| Classic | From 1.6 pips | ❌ |
| Cent | ❌ | |
| ECN | From 0.1 pips | $6 per STD Lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, Desktop, Mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
TripeakFX accepts payments via Neteller, Skrill, Perfect Money, FasaPay, China Union Pay and cards.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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