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.
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.
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.
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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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Allpips with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Allpips’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Allpips Standard spreads Allpips OANDA FOREX.com EUR/USD min, pips 0.5 0.1 0.7 EUR/USD max, pips 0.8 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 0.9 0.5 1.4 Does Allpips support RAW/ECN accounts?
As we discovered, Allpips does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Allpips. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Allpips Non-Trading Fees Allpips OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0.5-1 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
Allpips Security Factors Foundation date 2016 Negative balance protection YesVerification (KYC) YesAllpips is Not a Regulated Broker
Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.
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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.
- Standard account with balanced trading conditions
- Low minimum deposit
- Demo account
- No VIP account option
- No ECN/Raw spread account
Allpips account types vs top competitors Allpips Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent YesNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoAllpips accounts trading conditions
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.
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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.
Allpips provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bitcoin (BTC) accepted
- Minimum deposit below industry average
- Bank wire transfers available
- BTC available as a base account currency
- Withdrawal fee applies
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Allpips deposit and withdrawal options?
Allpips provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
Allpips Deposit and Withdrawal Methods vs Competitors Allpips Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are Allpips base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Allpips supports the following base account currencies: USD, EUR, GBP, Bitcoin.
What are Allpips's minimum deposit and withdrawal amounts?
The minimum deposit on Allpips is $25, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Allpips’s support team.
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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.
- Indices trading
- 70 supported currency pairs
- Crypto trading
- Bonds not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Allpips with its competitors, making it easier for you to find the perfect fit.
Allpips Trading.com Plus500 Currency pairs 70 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 100 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Allpips offers for beginner traders and investors who prefer not to engage in active trading.
Allpips Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Fast registration time (up to 15 minutes)
- Low minimum deposit requirement
- Account setup process may feel less convenient for beginners
Allpips account opening Allpips Trading.com Plus500 Online Registration YesYesYesMinimum deposit $25 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 8 20 KYC time (days) 1 2 3 Is Allpips available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
Visit the Allpips official website and click the “Get Started” button. This will start the registration process.
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).
After that, a confirmation link will be sent to the specified email. This is the first stage of verification.
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.
The first actions of a trader after creating a user account on the Allpips website:
- Open a trading account with the necessary leverage, minimum lot size, and currency.
- 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;
- Access the section with trading signals.
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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.
- API access for automated trading
- Trading bots (EAs) allowed
- MetaTrader is available
- Free VPS for uninterrupted trading
- No access to cTrader and its advanced tools.
- No access to a proprietary platform
- No TradingView integration
Supported trading platforms
Allpips supports the following trading platforms: MT4, WebTrader. This selection covers the basic needs of most retail traders. We also compared Allpips’s platform availability with that of top competitors to assess its relative market position.
Allpips Trading.com Plus500 MT4 YesNoNoMT5 NoYesNocTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey Allpips’s trading platform features
We also evaluated whether Allpips offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA NoAlerts YesTrading bots (EAs) YesOne-click trading YesScalping NoSupported indicators NoTradable assets 100 Additional trading tools
Allpips offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Allpips trading tools vs competitors Allpips Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoYesNoAPI YesNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
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 /10Allpips supports mobile trading, offering dedicated apps for both iOS and Android. Allpips received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- User-friendly interface
- Indicators not supported
We compared Allpips with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Allpips Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 0 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.8 4.7 Google Play score 0 4.7 4.4 Mob. 2FA NoYesYesMob. Indicators NoYesYesMob. Alerts NoYesYes -
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 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationThe technical support of AdroFx answers the questions of Allpips clients. It is active 24/5.
- 24-hour support on business days
- Each client is provided a private manager
- 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 info@allpips.com
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FAQs
How do reviews assess Allpips’ regulation status and overall safety?
Allpips has a safety score of 2.5/10 and is described as an unregulated broker with a low security level. The review notes that while Allpips offers negative balance protection and has been operating since 2016, the absence of Tier-1 regulation or any regulation at all may increase risks compared with regulated brokers.
What do reviews say about Allpips’ trading commissions and non-trading fees?
Reviews of the fee structure describe Allpips as having medium overall fees, with above-average Forex trading costs and no ECN/Raw spread accounts. The broker does not charge deposit or inactivity fees, while withdrawals incur a 0.5–1% fee according to the section.
What kind of user reviews and feedback does Allpips receive from traders?
Allpips has a user satisfaction score of 2/10 based on three reviews, all of which are 1-star ratings. According to user reviews, the overall tone is mostly negative in this section.
Which markets and tradable assets are available with Allpips?
Allpips offers 100 tradable assets, including 70 currency pairs, along with stocks, commodity futures, cryptocurrencies, and stock indices. The review notes that the overall asset selection is limited, with no bonds, ETFs, PAMM investing, or managed accounts, although copy trading is available.
What feedback is provided about the Allpips mobile trading apps?
The mobile section states that Allpips offers dedicated iOS and Android apps with a user-friendly interface but receives a low mobile safety score of 2/10. Based on available feedback in the review, the apps show zero recorded downloads and ratings, lack 2FA, indicators, and alerts, and have weak user feedback on iOS.
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