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Allpips Review 2024
Trading platform:
- MT4
- Allpips web platform
Bonus for deposit:
- 0%
Trading platform:
- MT4
- Allpips web platform
Bonus for deposit:
- 0%
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Summary of Allpips Trading Company
Allpips is a high-risk broker with the TU Overall Score of 2.79 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Allpips clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Allpips ranks 336 among 414 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Allpips is designed to copy trades of other traders, but it also allows its clients to open and close positions themselves. It offers the best conditions for investors with a reserve of equity.
Allpips is a web platform for social trading provided by the eponymous developer. The company has been creating and implementing trading software since 2016. Traders from more than 200 countries use it to copy successful strategies and to independently trade CFDs on currency pairs, cryptocurrencies, stocks, indices, and spot metals. On the platform, you can trade with margin, place market and pending orders, and use expert advisors. All strategies are allowed, and cent and demo accounts are available.
| 💰 Account currency: | USD, EUR, GBP, BTC, and ETH |
|---|---|
| 🚀 Minimum deposit: | $25 |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | from 0.4 pips |
| 🔧 Instruments: | Currency pairs, spot metals, cryptocurrencies, stocks, and indices |
| 💹 Margin Call / Stop Out: | Not available |
👍 Advantages of trading with Allpips:
- 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.
👎 Disadvantages of Allpips:
- 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.
Evaluation of the most influential parameters of Allpips
User Satisfaction i
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Expert Review of Allpips
Allpips is not a broker, but a developer of a trading platform designed for both social trading and independent CFD trading. If traders prefer to copy the trades of other market participants, they can join one of the successful strategies presented on this platform. Trades with more than 100 assets are available to traders who trade independently through the AdroFx broker.
The advantages of Allpips include demo and cent accounts, the possibility to make deposits in cryptocurrencies, high leverage, and a wide range of CFDs on currency pairs. Also, a large selection of strategies is available for copying, including those with fees of 1%-15% of profits, which is a plus for its clients. One of the disadvantages of the platform is that the funds of traders are not protected because AdroFx, which manages this platform, is regulated by the Vanuatu offshore regulator.
Not all brokers offer positive swaps, but Allpips clients have this advantage. Positive short swaps apply for EUR/USD, EUR/AUD, EUR/GBP, NZD/JPY, USD/MXN, EUR/MXN, USD/ZAR, EUR/ZAR, GBP/ZAR, USD/TRY, and EUR/TRY currency pairs. This means that when placing short positions with these instruments, traders will receive additional profit. Positive swaps are also available for long positions. They are accrued when holding USD/CHF, USD/JPY, AUD/CHF, AUD/JPY, CAD/CHF, CAD/JPY, GBP/CHF, and NZD/JPY pairs.
Dynamics of Allpips’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Allpips is designed for traders who want to earn by automatically copying trades of experienced Forex market participants. In addition, all clients registered with Allpips can invite new users and receive rewards from Allpips.
Allpips social platform | Principles of operation and calculation of fees
There is a list of 25 successful strategies on the platform which is updated regularly. Strategies can be sorted by name, total profit, number of subscribers, and minimum investment. Each provider's profile also lists the number of weeks they trade, the profit split, and the total funds of their subscribers. Distinctive features of Allpips are:
The minimum investment amount ranges from $1 to $10,000. Some traders require the deposit to be made in cryptocurrencies or Euros;
The fee of the strategy provider is from 1% to 50% of the subscriber's profit. The rate is set by an expert trader. Investors pay a fee only for positions closed with a profit;
The only setting available to subscribers is the copy rate. The minimum value is 0.01, the maximum is unlimited.
If traders want to trade in a semi-automatic mode, that is, to independently decide on placing an order, they can use trading signals from Allpips experts. They are published in a trader's user account and on the company’s Telegram channel. You can also subscribe to receive notifications by email.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program from Allpips:
Refer a Friend. It is the simplest program for retail traders who use the services of Allpips. The company pays them a fee for inviting new clients. For each referral who actively trades with a deposit of $300 or more, Allpips pays from $30 to $200. This money can be withdrawn. The size of the partnership fee depends on the amount deposited by a referral. Also, referrals receive bonus funds from $50 to $550, but they can only be used in trading, withdrawal is not available;
Revenue Share Plan. Partners receive a rebate from trading of invited traders in the amount of up to $30 per lot;
CPA Plan. According to the terms of this program, the reward is paid for the conversion, which is certain actions on the part of invited clients. The CPA fee can reach $1,200;
Hybrid Plan. This is a program with a one-time rebate and CPA payments. Its participants can receive $15 per lot and up to $600 per conversion.
Revenue Share, CPA, and Hybrid plans are offers for companies and individuals who want to provide brokerage services under the Allpips brand through its IB (Introducing Brokers) program.
Trading Conditions for Allpips Users
Trading 117 instruments among five markets such as CFDs on 60 currency pairs, metals, cryptocurrencies, indices, and stocks is available on the platform. You can trade 24/5 from any device with a web browser, and 24/7 when paying for VPS hosting. The average order execution time is 11.07 ms. Traders can deposit amounts from $25 from bank cards, e-wallets, and crypto-wallets. Amounts from $200 are deposited by bank transfers. Spreads are floating and start from 0.4 pips, fees per lot are not charged.
| 💻 Trading platform: | MT 4, Allpips web platform |
|---|---|
| 📊 Accounts: | Demo, Allpips Cent, Allpips Fiat, and Allpips Crypto |
| 💰 Account currency: | USD, EUR, GBP, BTC, and ETH |
| 💵 Replenishment / Withdrawal: | Bank wire, Visa, MasterCard, Skrill, Neteller, PayRedeem, PAYEER, Perfect Money, STICPAY, Bitcoin, Ethereum, and Tether |
| 🚀 Minimum deposit: | $25 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.0001 |
| 💱 Spread: | from 0.4 pips |
| 🔧 Instruments: | Currency pairs, spot metals, cryptocurrencies, stocks, and indices |
| 💹 Margin Call / Stop Out: | Not available |
| 🏛 Liquidity provider: | Barclays, UBS, Credit Suisse, Deutsche Bank, Goldman Sachs, and Merrill Lynch |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Trading is carried out through the AdroFx broker |
| 🎁 Contests and bonuses: | All propositions of AdroFx are available |
Comparison of Allpips with other Brokers
| Allpips | RoboForex | Pocket Option | Exness | FxPro | Deriv | |
| Trading platform |
MT4, Allpips web platform | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
| Min deposit | $25 | $10 | $5 | $10 | $100 | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 1.00% |
| Spread | From 0.4 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 25% / 20% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
| Allpips | RoboForex | Pocket Option | Exness | FxPro | Deriv | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | Yes | Yes | Yes |
| ETF | No | Yes | No | No | No | No |
| Options | No | No | No | No | No | Yes |
Allpips Commissions & Fees
Information
The fee for trading on the platform depends on the client's strategy. If traders place orders themselves, then the only fee is for the spreads. Spreads for all instruments are floating. They start from 0.4 pips on standard accounts and from 2 pips on cent accounts. If clients copy trades of other traders, they pay spreads and fees to the provider of trading signals. It is 1%-50% of the amount of profit received. Among non-trading fees, there is an inactivity fee in the amount of $5, €5, or £5 per month after 6 months of absence of trading activity on the account.
| Account type | Spread (minimum value) | Withdrawal commission |
| Cent | From $0.2 | Withheld by banks |
| Fiat | From $4 | Withheld by banks |
| Crypto | From $4 | Withheld by banks |
A swap fee is applied for all trades with a holding period of more than one trading day. To objectively analyze Allpips fees, TU analysts compared them to the fees of other brokers.
| Broker | Average commission | Level |
| Allpips | $8.1 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
Detailed review of Allpips
Allpips is neither a broker nor an investment company. This is a software developer designed for social Forex trading. It is available via AdroFx, which provides liquidity from major U.S. and European investment banks such as Barclays and Goldman Sachs. Allpips and AdroFx services are used by clients from more than 200 countries. They are serviced by over 100 employees who provide 24/5 professional support by phone and live chat.
Allpips by the numbers:
-
More than 7 years of experience in software development for effective trading;
-
Over 80 educational videos;
-
Over 25 successful strategies for copy trading.
Allpips is a social trading platform
The web platform allows you to subscribe to successful strategies and copy them to your account. It works on any device connected to the internet. Currently, there are no Allpips mobile applications. In fact, the participation of a trader in trading activities is minimal. Traders create accounts with Allpips, choose a signal provider, invest the required amount, and confirm their readiness to copy trades of other market participants, who are often more experienced and successful.
If traders close their positions with a profit, their subscribers also receive income. Part of the profit ranges from 1% to 50% depending on the terms of the offer and the fee paid by the investor to the signals provider. If positions are closed with a loss, traders’ subscribers lose money. Accordingly, the strategy provider does not receive payment for a losing trade.
Useful services offered by Allpips:
-
Trading signals. They are broadcast in the trader's user account. New signals are published on business days. Clients receive recommendations for placing short and long positions based on the RSI (Relative Strength Index). The signal for the asset contains the entry point, take-profit order, and levels of support and resistance;
-
Free eBooks. These can also be found in the client's user account. A trader can read about trading currency pairs, stocks, cryptocurrencies, and CFDs. Books on trading strategies, trading psychology, and fundamental and technical analyses are available;
-
VPS server is provided at low prices. Three tariff plans with monthly subscription fees of $10, $15, and $20 are available. With these plans, you can run algorithmic strategies, including advisors, and trade 60 currency pairs, cryptocurrencies, indices, and stocks 24/7.
Advantages:
1
Can test trading conditions on a demo account;
2
Partner fee paid for inviting new clients;
3
Prompt technical support and free assistance of a personal manager;
4
Various types of accounts that can be opened in five currencies, including cryptocurrencies;
5
Strategies with low fees and no minimum investment requirements.
Allpips allows traders who trade independently to use any strategy.
Guide on how traders can start earning profits
After registering on the platform, a trader can open standard and cent accounts in fiat and digital currencies. These accounts are similar in leverage up to 1:500 with no additional fees and no restrictions on any strategies. Accounts differ in the size of the minimum lot, the range of assets available for trading, and the requirements for the amount of the initial deposit.
Account types at Allpips:
Account Type
Description
Allpips Fiat
is an account that can be opened in USD, EUR, or GBP. The minimum deposit is $100. Available assets are currency pairs, spot metals, cryptocurrencies, stocks, and indices;
Allpips Crypto
is an account with a deposit of $100 or more, designed for trading currencies, indices, stocks, and metals. The account currencies are BTC and ETH. However, trading digital assets is not available on this type of account;
Allpips Cent
is an account for trading currency pairs and spot metals with a lot size of 0.0001 units. The account can only be opened in USD. The minimum deposit amount is $25.
A demo account is opened directly in the trading platform, but only after the current phone number is confirmed. Allpips allows traders to trade currency pairs and other popular types of CFDs on Cent and Fiat accounts. Yet, all methods and styles of trading, including algorithmic trading with the help of advisors, are allowed.
Investment Education Online
Information
There is no section with training materials on the Allpips website, but they can be found in a client’s user account. Clients with an active user account have access to video tutorials, eBooks, and guides for novice traders.
Information available in the Educational Videos section
Information not available on the Allpips website
Basics of trading currencies and CFDs
Basics of fundamental analysis
Basics of market analysis and review of strategies
Risk management when trading CFDs
Psychology of trading
Guide on working with MT4 and the Allpips web platform
Basics of social trading
8 technical indicators
A demo account is a training account. Here you can understand how the platform works without losing real money.
Security (Protection for Investors)
Information
Allpips is a software company and it provides neither brokerage nor investment services. To carry out this kind of activity, it does not have to be licensed by financial regulators. Traders using Allpips are served by AdroFx. It is registered as ADROMKT Limited in Vanuatu under the number 700546 and is regulated by VFSC.
👍 Advantages
- Negative balance protection
- All funds are kept on segregated accounts
- Connection is encrypted with the SSL (Secure Sockets Layer) certificate
👎 Disadvantages
- The VFSC regulator is not as reputable as FCA (the Financial Conduct Authority) or the U.S. Commissions
- VFSC does not have its own compensational fund, so funds of clients of brokers regulated by it are not protected
Withdrawal Options and Fees
-
Withdrawal requests are processed by the financial department of AdroFx on Monday to Friday and from 9:00 to 18:00 (GMT+2);
-
If a client did not trade and submitted a request to withdraw the deposit, the company will withhold a fee of 6% of the withdrawal amount if the funds are withdrawn to the bank card and 3% for withdrawal by bank transfer;
-
Funds are credited to bank cards within 24 hours of approval of the application. It takes 3-14 business days to credit funds to the bank account;
-
Minimum withdrawal amount by bank transfer is $100; in Bitcoin, it is $50; in Ethereum, it is $30; by PayRedeem and STICPAY, it is $25; in USDT, it is $20; and it is $10 by other methods;
-
Traders pay $10 to withdraw profits in Tether, 1.99% of the transaction amount to withdraw funds to bank cards, and from 0.5% to 6% of the transaction amount for withdrawals to crypto wallets and e-wallets. STICPAY does not withhold such fees.
Customer Support Service
Information
The technical support of AdroFx answers the questions of Allpips clients. It is active 24/5.
👍 Advantages
- 24-hour support on business days
- Each client is provided a private manager
👎 Disadvantages
- No communication with the support on days off
- Operators’ responses are not always complete and detailed
To get professional help from Allpips, a trader can use:
-
phone call;
-
email;
-
live chat;
-
feedback form.
In the user account, traders can find the email, phone number, and WhatsApp username of their personal manager.
Contacts
| Foundation date | 2016 |
| Registration address | Speway Limited, 8 Wing Yip Business Centre, 395 Edgware Road, London, NW2 6LN |
| Official site | https://allpips.com/ |
| Contacts |
Email:
info@allpips.com,
|
Review of the Personal Cabinet of Allpips
A user account on the Allpips website must have access to the web platform and a trading account. Instructions for creating it are as follows:
1
Visit the Allpips official website and click the “Get Started” button. This will start the registration process.
2
Clients register with AdroFx, since it is this broker that offers trading accounts and executes orders, and because Allpips is just a software tool for copying trades. Enter your first and last names, email, phone number, and password (you can make it up or generate it).
3
After that, a confirmation link will be sent to the specified email. This is the first stage of verification.
4
The second stage of verification is the confirmation of a phone number using a 6-digit code. After the company is convinced that you are not a bot, it will provide access to your user account. Log in to it using your email and password.
5
The first actions of a trader after creating a user account on the Allpips website:
1. Open a trading account with the necessary leverage, minimum lot size, and currency:
2. Choose a trading strategy provider and connect to it:
1. Open a trading account with the necessary leverage, minimum lot size, and currency:
2. Choose a trading strategy provider and connect to it:
More functions of the user account:
-
Personal verification;
-
Making a deposit;
-
Joining a partnership program and viewing statistics on it;
-
Transfer of funds between accounts (internal transfer);
-
Submitting a withdrawal request;
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Access the section with trading signals.
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FAQs
Do reviews by traders influence the Allpips rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Allpips you need to go to the broker's profile.
How to leave a review about Allpips on the Traders Union website?
To leave a review about Allpips, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Allpips on a non-Traders Union client?
Anyone can leave feedback about Allpips on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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