Opinions and information about the broker Summapips
¿It is the really reliable Summapips broker (aka summapips.com)? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.
The Summapips broker is a broker of: Forex, Cryptocurrencies and CFDs.
The broker mentions to be part of: DMF Markets Ltd.
Summapips is based in: Saint Vincent and the Grenadines.
If we talk about regulation, Summapips broker does not mention anything about being regulated, Summapips is an unregulated broker.
We will continue to analyze the different account types that Summapips offers. In the case of Summapips we note that the page does not provide information about having different types of account.
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The trading platforms used are: the MT5 platform.
Now, yes, we will go on to analyze the different resources and aids that the company provides to traders on its website: some explanations of the products that Summapips offers, an explanation of basic concepts of the investment world, some live charts, economic calendar , financial event news, pip calculator, really not much else.
Additional information about the company
Phone number: does not have.
Clarification: The investment company Summapips works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.
* Bonuses or promotions: None by the moment
With the information we have so far, the comments and reviews of users and traders, our opinion is that it looks like a company we should be careful with.
Why? It is an unregulated broker and is based in a country that is very unsafe to make an investment (Saint Vincent and the Grenadines), when looking for information and other reviews about Summapips we found a lot of negative reviews.
June 2021 update: CNMV, the financial regulator of Spain, has Reported to Summapips for fraudulent activities.
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