Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Allpips Pros & Cons
- Intuitive copy trading platform with a simple interface;
- Cent and demo accounts;
- Large choice of strategies available for copying;
- Possibility to combine social trading with active CFD trading;
- Minimum deposit is $25;
- Access to margin trading with leverage up to 1:500;
- High-quality training in Forex trading.
- To subscribe to the most effective strategies, a deposit from $1,000 to $10,000 is required;
- The fee of the most successful providers of trading signals is 40%-50% of the subscriber's profit;
- The broker providing the platform is licensed by the Vanuatu Financial Services Commission (VFSC), and not by prestigious regulators of the U.S., Europe, or Asia.
TU Expert Verdict
Allpips carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
Allpips User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of Allpips have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
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Is Allpips Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria2.5 /10Allpips has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Track record over 10 years
- Not tier-1 regulated
- Not regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4 /10Allpips offers the following account options: Demo, Standard, Cent.
However, Allpips does not provide an ECN account with direct market access, which may be a drawback for experienced traders or scalpers seeking the lowest spreads.
- Demo account
- Cent account for beginners
- Standard account with balanced trading conditions
- No ECN/Raw spread account
- No Swap Free account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7.2 /10Allpips received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.8 /10Allpips offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 70 Forex pairs.
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Trading Account Opening
We successfully registered an account with Allpips in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Allpips is $25.Score:We evaluated Trading Account Opening at Allpips by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria5.5 /10Allpips received a score of 5.5/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria2 /10 -
Customer Support
Score:We evaluated Customer Support at Allpips by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.2 /10
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FAQs
How is Allpips regulated and what safety measures are highlighted in the review?
Allpips is described as an unregulated broker with a low safety score of 2.5/10 and is not tier-1 regulated. The review notes that Allpips has negative balance protection, requires KYC verification, and has been operating since 2016, but also emphasizes that unregulated brokers may involve higher risks and reduced investor protection.
What commissions and trading fees are mentioned for Allpips in the review?
The review rates Allpips’ overall fee level as medium, with above-average Forex trading fees and no ECN/Raw spread accounts. Standard account spreads are built into floating spreads, with typical EUR/USD spreads ranging from 0.5 to 0.8 pips and GBP/USD from 0.5 to 0.9 pips, and there are no deposit or inactivity fees but a withdrawal fee of 0.5–1%.
What do user reviews and feedback say about Allpips overall?
The user satisfaction score for Allpips is 2/10, based on three reviews. According to user reviews, all of the ratings are 1-star, indicating that the overall tone of the feedback is mostly negative.
How are Allpips deposit and withdrawal methods and limits described in the reviews?
The review states that Allpips offers a basic range of funding methods, including bank cards, bank wire, Skrill, Neteller, BTC, USDT, and Ethereum, with no deposit fees but a withdrawal fee and support for only major base currencies (USD, EUR, GBP, Bitcoin). It also notes that the minimum deposit is $25 and the minimum withdrawal is $1, though these thresholds may vary by account type and payment method.
What markets and tradable assets does Allpips offer according to the review feedback?
The review indicates that Allpips provides 100 total tradable assets, including 70 currency pairs, along with stocks, commodity futures, cryptocurrencies, and stock indices, but no options, bonds, ETFs, PAMM investing, or managed accounts. It also mentions that copy trading is available, while the overall asset selection is described as limited compared with the market average.
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