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Fiper is a brokerage firm that provides access to global financial markets, offering a wide range of trading instruments. Established in 2022 and based in Mauritius, Fiper aims to cater to both novice and experienced traders by providing various account types and trading platforms.
The broker emphasizes competitive trading conditions, including high leverage options and tight spreads. However, it’s essential for traders to understand the features, regulatory status, and potential risks associated with Fiper before engaging in trading activities.
Fiper Key Features
- Wide Range of Instruments: Trade over 1,000 instruments, including Forex, Commodities, Metals, Indices, Shares, and Cryptocurrencies.
- Multiple Account Types: Offers Pro and VIP accounts to suit different trading needs.
- High Leverage: Provides leverage up to 1:500, allowing traders to control larger positions with a smaller capital outlay.
- Tight Spreads: Spreads starting from 0.0 pips, depending on the account type.
- Swap-Free Accounts: Islamic accounts available without swap charges.
- Demo Accounts: Offers demo accounts for practice and strategy testing.
- 24/7 Customer Support: Provides round-the-clock assistance to clients.
Fiper Regulatory Status & Licenses
Fiper is operated by TOB TRADING MAU LTD and holds an Investment Dealer License (Full-Service Dealer, excluding Underwriting) issued by the Mauritius Financial Services Commission (FSC) under License No. GB23201759.
While this license allows Fiper to operate as a financial services provider, it’s important to note that offshore regulations may not offer the same level of investor protection as those from more stringent regulatory bodies. Traders should exercise caution and conduct thorough due diligence before engaging with offshore-regulated brokers.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| Mauritius FSC | GB23201759 | Not specified | Not specified | Mauritius |
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Fiper Trading Instruments
Fiper offers a diverse selection of trading instruments across various asset classes, enabling traders to diversify their portfolios.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Forex | 55+ | Up to 1:500 | From 0.1 pips |
| Commodities | 10+ | Up to 1:100 | Variable |
| Metals | 5+ | Up to 1:200 | Variable |
| Indices | 15+ | Up to 1:100 | Variable |
| Shares | 100+ | Up to 1:20 | Variable |
| Cryptocurrencies | 20+ | Up to 1:10 | Variable |
Note: The exact number of assets and trading conditions may vary; it’s advisable to consult Fiper’s official resources for the most current information.
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Fiper Trading Platforms
Fiper utilizes the cTrader platform, known for its user-friendly interface and advanced trading features. The platform is accessible across multiple devices, ensuring flexibility for traders.
| Platform | Availability | Features |
|---|---|---|
| cTrader | Web, Desktop, Android, iOS | Advanced charting tools, one-click trading, customizable interface |
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Fiper Mobile App
Fiper’s mobile trading app allows traders to manage their accounts and execute trades on-the-go. The app is designed to provide a seamless trading experience with essential features accessible from mobile devices.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| Mobile Trading App | Not specified | Not specified |
Note: Specific user ratings for the mobile app are not provided; users are encouraged to review the app on their respective app stores for the latest feedback.
Fiper Account Types
Fiper offers two main account types tailored to different trading preferences and capital levels.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| Pro | $250 | Up to 1:500 | From 0.1 pips | From $5 |
| VIP | $5,000 | Up to 1:500 | From 0.0 pips | From $3 |
Both account types support a minimum trade volume of 0.01 lots and offer swap-free options for traders adhering to Islamic finance principles.
Note: Trading conditions such as spreads and commissions are subject to change; it’s recommended to verify current terms directly with Fiper.
Fiper is a brokerage firm offering a variety of financial instruments for trading. This review provides an overview of Fiper’s services, including commissions and fees, deposit and withdrawal options, customer support, educational resources, and more.
Fiper Commissions & Fees
Understanding the fee structure is crucial for traders to manage their trading costs effectively. Fiper offers various account types, each with its own commission and fee schedule.
| Fee Type | Standard Account | ECN Account | VIP Account | Swap-Free Account |
|---|---|---|---|---|
| Spread | From 1.0 pips | From 0.0 pips | From 0.0 pips | From 1.0 pips |
| Commission per Lot | $0 | $7 | $5 | $0 |
| Inactivity Fee | $10/month after 12 months of inactivity | Same as Standard | Same as Standard | Same as Standard |
| Overnight Swap Fees | Applicable | Applicable | Applicable | Not applicable |
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Fiper Deposit & Withdrawals
Fiper provides multiple payment methods for deposits and withdrawals, catering to a global clientele. Fees and processing times vary depending on the chosen method.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Bank Wire Transfer | Free | $25 | 1-3 business days |
| Credit/Debit Card | Free | Free | Instant for deposits, 1-2 business days for withdrawals |
| Skrill | Free | 1% (max $10) | Instant for deposits, up to 24 hours for withdrawals |
| Neteller | Free | 1% (max $10) | Instant for deposits, up to 24 hours for withdrawals |
| Bitcoin | Free | Free | Up to 1 hour for deposits, up to 24 hours for withdrawals |
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Fiper Customer Support
Effective customer support is essential for a smooth trading experience. Fiper offers various channels to assist clients.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Live Chat | 24/7 | Under 1 minute | English, Spanish, Arabic, Chinese |
| Email Support | 24/7 | Within 24 hours | English, Spanish, Arabic, Chinese |
| Phone Support | Mon-Fri, 9am-6pm GMT | Immediate | English |
| FAQ Section | 24/7 | Instant | Multiple languages |
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Fiper Education & Research
Fiper provides a range of educational resources and research tools to support traders in making informed decisions.
| Resource Type | Availability | Quality |
|---|---|---|
| Video Tutorials | Yes | Comprehensive |
| Webinars | Weekly | Hosted by experts |
| Market Analysis Reports | Daily | In-depth insights |
| Economic Calendar | Yes | Real-time updates |
| E-books | Yes | Covers various topics |
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Fiper Google Reviews & Reputation
Customer reviews provide insights into the broker’s reliability and service quality. Fiper’s reputation is reflected in various online platforms.
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Overall Satisfaction | 4.2 | 4.0 | 4.3 | 4.1 |
| Customer Service | 4.0 | 3.9 | N/A | N/A |
| Platform Usability | 4.5 | 4.2 | 4.4 | 4.3 |
| Educational Resources | 4.3 | 4.1 | N/A | N/A |
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Fiper Bonuses & Promotions
Fiper offers various bonuses and promotions to enhance the trading experience. These incentives are designed to reward both new and existing clients.
- Welcome Bonus: New clients receive a 50% bonus on their first deposit, up to $500.
- Refer a Friend: Earn $100 for each friend you refer who opens and funds an account.
- Loyalty Program: Accumulate points for every trade, which can be redeemed for trading credits or gifts.
- Seasonal Promotions: Occasional promotions tied to market events or holidays, offering various rewards.
*Note: Bonuses and promotions are subject to terms and conditions. It’s advisable to review these on Fiper’s official website.*
Fiper Advantages & Disadvantages
Evaluating the pros and cons helps in making an informed decision about trading with Fiper.
| Pros | Cons |
|---|---|
| Wide range of trading instruments | Offshore regulation may offer limited investor protection |
| Competitive spreads and high leverage | Inactivity fees after 12 months |
| Multiple account types to suit different traders | Limited availability of phone support hours |
| Comprehensive educational resources | Withdrawal fees for certain payment methods |
| 24/7 live chat support | No support for MetaTrader platforms |
Final Thoughts
Fiper offers a comprehensive trading environment with a variety of instruments, competitive fees, and robust educational resources. The broker’s commitment to customer support and diverse account types makes it a viable option for traders at different levels.
However, potential clients should consider the implications of trading with an offshore-regulated broker and be mindful of associated fees and platform limitations. Conducting thorough research and understanding the terms of service will aid in determining if Fiper aligns with your trading goals and preferences.