PIPWISE Review 2026

PIPWISE is an active offshore online forex/CFD broker operating under the PIPWISE brand. Current first-party material identifies PIPWISE LTD, registration number HT00524055, at Bonovo Road, Fomboni, Mohéli, Comoros Union, and says operations began in 2023.

PIPWISE publishes Mwali International Services Authority (MISA) licence BFX2024116. This is not treated as recognised state financial-services authorisation: New Zealand's Financial Markets Authority says the Central Bank of the Comoros confirmed MISA has no authority to authorise or license financial institutions in the Union of the Comoros. No separate recognised investment/forex licence for PIPWISE LTD was verified in the authoritative sources checked.

The main strengths are a low $20 Standard entry point, a current three-account pricing table, MetaTrader 5, multiple card/e-wallet/crypto funding rails, 24/7 support marketing and detailed current KYC, deposit and withdrawal pages.

For active comparison purposes, the most important concrete advantages are the current table shows Standard from 10 points with no commission, ECN from 0 points with $6 per lot and ECN Pro from 0 points with $4 per lot; the funding table says PIPWISE itself charges no fee on the listed deposit/withdrawal methods and all three current accounts use MetaTrader 5, with desktop, web and mobile routes; the current registration guide says live credentials are emailed after account creation.

The main drawbacks are the only published regulatory credential is MISA BFX2024116, while an authoritative FMA warning says the Central Bank of the Comoros does not recognise MISA as having authority to license financial institutions. Current pages also conflict on ECN/ECN Pro minimum deposits, dynamic versus advertised leverage and restricted-country lists, and the Client Agreement reserves the possibility that the company or an executing dealer acts as principal.

A prospective client should also account for jurisdiction differences: no Belgian/EEA serving entity or recognised investment licence was verified. Belgium therefore receives no Open Account route, and [regulator:fsma|FSMA] independently prohibits electronic distribution to Belgian consumers of covered leveraged OTC CFDs and rolling-spot forex.

PIPWISE currently advertises a 120% first-deposit bonus for new Standard-account clients, capped at $12,000 of credit and released at $10 per 3 EUR/USD-equivalent lots. A separate current tutorial states a $50 bonus minimum and 1:100 leverage for bonus accounts. The promotion receives no rating credit and is not treated as available in Belgium.

Key 2026 highlights include Standard/ECN/ECN Pro accounts; $20/$200/$500 current comparison-page minimums; MT5; listed leverage up to 1:500 with an April 2026 agreement using dynamic tiers up to 1:1000 for balances below $100; 350+ marketed assets; card, Sticpay, TCPAY and crypto funding; and a 120% first-deposit bonus subject to trading conditions. These are more useful than marketing slogans because they directly affect pricing, market access, platform capability or client protection.

PIPWISE says it officially commenced operations in 2023 and identifies PIPWISE LTD / HT00524055 in Mohéli, Comoros Union. No separate operating-company headquarters was verified; template-style Queens, New York campaign-office text still visible in some footers is not treated as a legal headquarters.

No. PIPWISE should not be presented as a normally regulated broker under a recognised state financial supervisor. It publishes MISA licence BFX2024116, but [regulator:fma-new-zealand|FMA New Zealand] says the Central Bank of the Comoros confirmed MISA has no authority to authorise or license financial institutions. No separate recognised investment/forex licence for PIPWISE LTD was verified in the authoritative sources checked; clients therefore should not infer statutory compensation or recognised-regulator protection from the MISA credential.

PIPWISE publishes a regulatory claim, but no recognised state financial-services licence for PIPWISE LTD was verified. The complete current regulatory/entity picture is:

The MISA relationship is therefore not equivalent to an FCA, ASIC, CySEC or other recognised investment-firm licence. PIPWISE separately claims segregated client funds and negative-balance protection, but those are broker claims rather than protections independently confirmed by a recognised state financial regulator. No statutory investor-compensation scheme for the reviewed PIPWISE route was verified.

PIPWISE's current English website also explicitly excludes residents of Turkey, the United States, Russia, Iran, Myanmar, North Korea and Indonesia. Those restrictions are stored as fail-closed Broker Fit country records rather than being inferred from website accessibility.

Belgium is unavailable for the reviewed leveraged OTC forex/derivatives proposition: no Belgian or EEA-authorised PIPWISE serving entity was verified, and FSMA rules prohibit electronic distribution to Belgian consumers of covered leveraged OTC CFDs and rolling-spot forex. No Belgian Open Account CTA is allowed.

No current independently verifiable 2026 broker award was found on the current homepage or About material checked. Marketing statements and promotions are not counted as awards or rating evidence.

PIPWISE markets ECN and ECN Pro as raw-spread, liquidity-provider-routed execution. The April 2026 Client Agreement says the executing dealer may or may not be PIPWISE and that the company may occasionally take the opposite side of a client's foreign-exchange trade, so the service is not labelled pure agency ECN/STP.

The current contact page advertises 24/7 multilingual support by phone, WhatsApp, Telegram and email and shows +44-7350511176. The April 2026 agreement prints a different +44 7723 408532 number, so users should rely on the current official contact page.

The reviewed legal/registered address is Bonovo Road, Fomboni, Island of Mohéli, Comoros Union. No independently verified separate headquarters was established; template-style Queens, New York campaign-office text is not treated as a legal office.

Current pages advertise 24/7 multilingual support through phone, WhatsApp, Telegram and email. No guaranteed response-time SLA was verified.

The About page says PIPWISE provides market analysis and advanced training, and the site publishes tutorials for onboarding, funding and bonuses. No independent accreditation or formal curriculum was verified.

The April 2026 agreement explicitly prohibits cross-hedging across related accounts and allows cancellation of trades/profits, restrictions or suspension if detected. A separate broker-wide permission for ordinary same-account hedging was not verified.

The current English site explicitly excludes residents of Turkey, the United States, Russia, Iran, Myanmar, North Korea and Indonesia. Localised pages publish partly different exclusion lists, so unlisted-country eligibility is unknown rather than inferred from global site access. Belgium is fail-closed for the reviewed leveraged OTC proposition.

PIPWISE is best suited to experienced eligible traders who specifically want MT5, low published entry minimums and crypto/card/e-wallet funding and who understand that the claimed MISA licence is not recognised state financial authorisation

PIPWISE is a weaker fit for Belgian consumers, US residents, anyone requiring a recognised regulator/compensation scheme, or users who need fully consistent leverage and account-minimum rules

Current commercial offers are the 120% first-deposit bonus and a two-level introducing-broker programme paying 40% of spread on direct referrals and 10% on sub-partners. Neither commercial arrangement improves the rating.

The September 2026 comparison page lists Standard ($20 minimum, from 10 points, $0 commission), ECN ($200, from 0 points, $6/lot) and ECN Pro ($500, from 0 points, $4/lot), all on MT5, USD base currency and advertised up to 1:500. A February 2026 registration tutorial instead says ECN $500 and ECN Pro $1,000; the newer comparison page is primary while the contradiction is disclosed.

To open a live account, register through the current client portal, complete KYC with government-issued ID/passport and a selfie holding the same ID, then create a live account and select an available MT5 account type. This is not an endorsement of regulatory status; Belgium and explicitly excluded countries receive no account-opening CTA. The broker must complete identity, residency and suitability/appropriateness checks before regulated products are enabled.

The current onboarding guide says demo accounts can be created without KYC. No current public statement on demo expiry, balance size or exact live-condition mirroring was verified.

PIPWISE is not a proprietary-trading challenge, so there are no 'trading objectives' whose breach automatically terminates a funded challenge. Normal account restrictions instead come from margin rules, product permissions, suitability checks and the client agreement.

PIPWISE's current About/home pages claim negative-balance protection and segregation of funds. Those are broker claims, not independently regulator-confirmed protections, because the MISA relationship is not recognised state financial authorisation. No statutory compensation scheme was verified. The April 2026 agreement also imposes margin obligations and broad default/liquidation rights.

Current onboarding requires KYC before live trading: a government-issued ID or passport plus a selfie holding that ID. The checked tutorial does not publish a complete country-by-country proof-of-address, source-of-funds or corporate-document matrix, so those details remain unverified.

The current funding table lists Tether/USDC, ETH, BNB/BTC, Sticpay, TCPAY and Visa/MasterCard. Listed deposit minimums are $10, deposits are shown as instant and withdrawals within 24 hours, with no PIPWISE fee in the table. Availability and third-party network/gateway charges can vary.

The current deposit table shows $10 minimums and no PIPWISE fee for listed rails. A separate tutorial documents USDT, ETH, Top Change/IRR and Visa/MasterCard flows and warns card/gateway fees may apply. USD/EUR and IRR payment-rail currencies are not treated as MT5 base currencies.

The September 2026 comparison publishes $20 Standard, $200 ECN and $500 ECN Pro minimums. The current funding-rail minimum is $10, which is not the account-opening minimum. A February 2026 tutorial still shows higher ECN/ECN Pro figures ($500/$1,000), so the discrepancy is disclosed.

The current table lists Tether/USDC, ETH, BNB/BTC, Sticpay, TCPAY and Visa/MasterCard withdrawals, each shown with a $10 minimum, within-24-hour processing and no broker fee.

The current tutorial says funds are first transferred from the trading account to the wallet, then a withdrawal is submitted. The withdrawal method should match the deposit method; differing methods or wallet addresses can trigger manual support approval.

PIPWISE currently publishes withdrawal processing within 24 hours for the listed payment methods. This is a broker-published processing target, not an independently audited payout guarantee.

The current account table publishes $0 commission for Standard, $6 per lot for ECN and $4 per lot for ECN Pro; spreads start from 10 points on Standard and 0 on ECN/ECN Pro. The funding table shows no PIPWISE deposit/withdrawal fees, while card/gateway charges may apply. A complete numerical swap schedule was not verified.

The current homepage markets more than 350 assets across forex, metals, energies, indices, commodities, stocks and cryptocurrencies; site navigation also includes bonds. These are leveraged/speculative products in the reviewed proposition, not evidence of direct custody ownership.

MetaTrader 5 is current across Standard, ECN and ECN Pro, with desktop, web and mobile routes. No MT4, cTrader or proprietary platform is presented as a current core platform in the checked pages.

PIPWISE markets forex pairs plus metals, energy products, indices, commodities, shares/stocks and cryptocurrencies, with more than 350 assets claimed on the homepage. Exact current symbol counts by asset class were not fully enumerated.

The onboarding guide says MT5 login credentials and the server are emailed after account creation. No stable public live-server name was verified, so no server string is invented.

USD is the only trading-account currency shown in the current Standard/ECN/ECN Pro comparison. EUR and IRR appear as payment-rail currencies, not verified MT5 account base currencies.

Crypto trading is marketed, and funding supports Tether/USDC, ETH and BNB/BTC. The checked pages do not establish direct crypto custody/spot ownership; the broader proposition is leveraged trading/derivatives.

The September 2026 account table advertises up to 1:500 on all accounts. The April 2026 agreement instead applies dynamic maximum leverage by balance: below $100 up to 1:1000, $100-$300 1:500, $300-$700 1:400, $700-$1,000 1:300, $1,000-$10,000 1:200 and above $10,000 1:100. Bonus accounts are separately stated at 1:100. These differences are preserved.

The checked public pages do not give a self-service leverage-change procedure. Available leverage is constrained by the agreement's balance-based dynamic schedule and, for bonus accounts, a separate 1:100 condition; support should not be assumed able to override those limits.

Current published starting spreads are 10 points on Standard and 0 points on ECN/ECN Pro. ECN Pro describes raw spreads from 0.0 points; no current independently measured average EUR/USD spread table was verified.

No current dedicated MAM or PAMM service terms were verified in the official pages checked. PIPWISE markets an introducing-broker programme and mentions copy trading, but those are not substitutes for documented MAM/PAMM.

MT5 technically supports Expert Advisors, but the checked PIPWISE pages do not publish a clear broker-specific EA/algorithm permission policy. The agreement explicitly prohibits latency arbitrage, HFT, news-price arbitrage, triangular arbitrage and certain masking/co-location techniques, so automated strategies cannot be assumed unrestricted.

The current About page markets 'trade and earn on copy trading', but no dedicated current copy-trading terms, provider, fee schedule or risk allocation was verified. The feature is recorded as marketed with operational details unverified.