1PipFix Review
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Regulation: not regulated
Broker type: STP
Headquarter: Toronto, Canada
Note: 1PipFix is an IB of LoyalForex
Broker Reviewed: 1PipFix
As the name implies, 1PipFix offers an unusual deal 1 pip FIXED spread on 3 major currency pairs (EUR/USD, GBP/USD,USD/JPY) at ALL TIME for minimum deposit of $1,000. This deal makes them a great choice for scalpers and scalper EA user.
Pros and Cons
Pros
1. Fast execution speed
2. 1 pip fixed spread for major currency pairs
3. Allow hedging, scalping, EA, and interest-free account.
4. MT4 trading platform
Cons
1. Not regulated
2. Some traders report quote errors on certain time
1PipFix Review – Features
1. Spread
Spread is the biggest feature this broker has to offer. For minimum deposit $1,000 you’ll get 1 FIXED spread on 3 major currency pairs and 1.8 pips spread on 4 other major currency pairs (AUD/USD, EUR/CHF, EUR/JPY, USD/CHF). For lower type account ($100 deposit), you’ll get the standard 3 pips spread on major currency pairs.
2. Leverage
Up to 1:300 leverage for a new trader. You can ask a review after trading for 2 weeks to get 1:400 leverage, which is considered high among other forex brokers.
3. Commission
No commission charged. As STP broker, they receive profits from the difference between bid and ask price.
4. Minimum Deposit
Minimum deposit is $100, but you can’t get their 1 pip spread with this account type.
5. Strategies (EA, hedging, scalping, Islamic Account)
1PipFix allows EA (including scalping EA), hedging, trailing stop, and scalping. They also provide interest-free Islamic account for minimum deposit of $1,000.
6. Trading Platform
Use the famous MetaTrader 4 trading platform. They also provide mobile trader and web-trader.
7. Citizenship
Accept clients from all over the world. No restriction.
8. Currency Pairs
Over 60 currency pairs and metals.
9. Execution Type: instant execution.
Testimonials:
After investing stocks for 10 years, I had a go at forex using 1pipfix broker. I found them to be very honest, legit and secure. They even wave the withdraw fee over 10,000 if you ask them. There just a broker with a personal, honest touch to them. I use different trading styles and each seem to workout within their feeds and execution. The low fixed spreads really help me to make this a profitable daily business.
Clay in 100ForexBrokers.
There are just so many brokers out there that say they are better than the other, but for someone that has been with many in the past few years, this broker by far the best I have ever used, Great customer support, low spreads, great platforms, quick deposits, offers demo and live accounts, and perfect execution. 10 out of 10!
Sourav in FPA
1PipFix Review – Conclusion
Lets be honest; 1 pip fixed spread on 3 major currency pairs is HUGE, especially for scalpers and day traders. Perhaps the only concern for this broker is they’re not regulated. Yet, there are a lot of happy clients who could state clearly that there are no troubles dealing with this broker. All in all, a great STP broker to work with.
