Fiper Forex Review

Read our full Fiper review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased Fiper opinion allows our readers to decide whether Fiper is a reliable broker.

Fiper Forex Broker History

Fiper has been around since 2022, making it a relatively young FX broker. It offers several account types, access to the advanced MT5 platform, and a diverse set of trading instruments. The broker is regulated but based offshore, which makes it a slightly risky CFD broker. There are several support options available, but the broker lacks bonuses and promotions. However, it offers a few extra features, which we will cover in this review in more detail below.

Fiper broker safety

Fiper is an offshore broker that is based in Mauritius. The company that owns and operates the Fiper website is TOB TRADING MAU LTD, a securities dealer registered in Mauritius. It is overseen by the Mauritius Financial Services Commission (FSC). While the broker lacks any additional licenses, this regulation is still decent and protects traders to some extent.

Fiper keeps traders’ funds in segregated bank accounts, separate from its own operational funds, which is a critical safety policy for investor fund protection.

Fiper provides traders with negative balance protection, which prevents them from going into negative balance on their account. This is also a crucial safeguard for beginners, as the broker offers high leverage.

Fiper Broker Review of Accounts

Fiper trading accounts lack diversity as there are only two options available, Pro and VIP. The VIP account offers lower spreads and overall better conditions. Let’s quickly review these accounts to assess their competitiveness.

Fiper Pro Account

The pro account is actually an ECN trading account with low spreads but expensive commissions. Here are its conditions:

• Minimum deposit – From $250
• Maximum leverage – 1:500
• Spreads from – 0.1 pips
• Commissions – From $5 per side per lot
• Minimum lot size – 0.01 lots

As we can see, this account offers low spreads but charges expensive commissions.

Fiper VIP Account

The VIP account is cheaper with commissions but requires a high minimum deposit. Here are its main conditions:

• Minimum deposit – From $5,000
• Maximum leverage – 1:500
• Spreads from – 0.0 pips or custom
• Commissions – From $3 per side per lot
• Minimum lot size – 0.01 lots

Overall, VIP accounts are more competitive, but the minimum deposit is very high, making Fiper not very competitive in the online trading sector.

Fiper instruments

Fiper trading instruments include pairs from Forex, commodities, indices, shares, and digital currencies. There are more than enough CFD instruments available, which are both flexible and risky. The leverage is up to 500:1, which allows traders to control serious position sizes. Since commissions are high, trading experience is not very convenient at Fiper, and it needs some improvements to become competitive.

Fiper Reviews of Trading Platforms

One aspect in which the broker truly shines is trading platforms. Fiper provides access to advanced trading platform software like cTrader and MT5. Both of these platforms are super capable software and enable custom indicators and EAs. Mobile trading is available via MT5 and cTrader mobile trading apps, accessible on both iOS and Android devices.

Fiper Forex Review of Extra Features

As for the extra features, the broker offers a trading blog, Autochartist, and copy trading services. There are no webinars, video content, welcome bonus, or trading bonuses available. The broker does not offer VPS or any other extra features either.

Fiper Reviews of Customer Support

Customer support of Fiper consists of live chat, email, WhatsApp, and phone support options. There is also an online form, which is a form of email support. The live chat and WhatsApp are built inside the website and offer immediate support, which is very useful to resolve issues in time. Fiper is not multilingual, and none of the services are provided in more than two languages, which is a minor drawback.

Fiper Deposit and Withdrawal

Payment methods accepted by Fiper are diverse and include wire transfers, Visa and MasterCard bank cards, crypto payments (BTC, ETH), and eWallets like Perfect Money, WebMoney, Payeer, and more. Withdrawals are processed quite slowly on the pro account, requiring up to 5 business days, while VIP offers 12-hour processing times. The deposits are instant, and there are no fees charged for either deposits or withdrawals. This is a serious red flag and makes the pro account competently useless and forcing traders to sign up for the VIP and deposit at least 5,000 USD, which makes the broker unattractive. Waiting for your money for a week is a typical characteristic of scams.

Fiper Review Conclusion – Can you trust Fiper?

Fiper is a relatively new and offshore-regulated broker, offering high leverage, modern trading platforms like MT5 and cTrader, and multiple trading assets. While it provides decent safety measures like fund segregation and negative balance protection, it has high commissions, slow withdrawals on lower-tiered accounts, and a lack of bonuses. This makes the broker very risky and unattractive. The $5,000 minimum deposit for VIP features is a major barrier, and withdrawal delays raise some serious concerns about the broker’s safety and reliability.

FAQs on Fiper

Is Fiper a scam?

Fiper scam is still a possibility, as the broker has very inconvenient withdrawal processing times of 5 working days unless you sign up for a VIP account and deposit at least 5,000 dollars.

What is the Fiper minimum deposit?

The minimum deposit is $250 on the Pro account and $5,000 for VIP accounts.

Is Fiper a cheap broker?

Not really. Commissions are high on the Pro account, and better conditions require larger deposits of at least $5,000.