Comments on: Be Careful http://www.earnforex.com/blog/2006/06/be-careful-just-wanted-to-warn-you-all/ My Forex experience and some Forex related information that might be useful to other traders Sat, 11 Oct 2008 15:23:54 +0000 http://wordpress.org/?v=2.6 By: Pip Forex http://www.earnforex.com/blog/2006/06/be-careful-just-wanted-to-warn-you-all/#comment-2 Pip Forex Mon, 10 Jul 2006 15:35:00 +0000 http://www.earnforex.com/blog/2006/06/08/11/#comment-2 Dear Enivid<br/><br/>To our knowledge, you have not voiced any of your concerns regarding Pip Forex directly with our client, nor have you truly explored the Pip Forex website. If you had done so, many of your concerns would have been allayed. A dedicated effort has been made by Pip Forex to demystify forex trading, so that anyone can try it.<br/><br/>It should be noted that all of the information referred to below has been available on the Pip Forex website since it was launched.<br/><br/>We would like to cover some of the points you raised in the Posting:<br/><br/>Q: Is Pip Forex a brokerage? A: Pip Forex is a brand of Simray Holdings LLC, a forex broker regulated by Kredittilsynet – the Norwegian financial services authority. Details on this are posted on page <a>www.pip-forex.com/about.asp</a>. <br/><br/>Q: Why is there no demo account? A: Pip Forex does not offer a demo account, and the reasons for this are covered on page <a>www.pip-forex.com/do-i-get-a-demo.asp</a>. One of the main reasons for not offering a demo is that the minimum account requirement is very low – USD 200 – and that if anyone wants to try the system, they can do so easily. If a client funds an account, enters the Pip Trader trading system and doesn’t like it, he/she can simply withdraw any or all of his/her funds. Pip Forex doesn’t even make a charge for transferring the money back to the client’s account. There are many online trading websites that don’t offer demos. <br/><br/>Q: Is the trading system [Pip Trader] special? A: We believe that Pip Forex’s trading system is unique. It has been made remarkably simple, in order to make forex trading accessible to anyone willing to take some risks in order to gain from the markets. You can see a screenshot of Pip Trader at the bottom of <a>www.pip-forex.com/installation.asp</a>. If you want to try it for yourself, open an account. If you don’t like it or if you just want to get your money back, you can visit <a>www.pip-forex.com/cash-out.asp</a> and get your funds returned promptly. Return transfers are made within 6 business hours of request, and if the transfer is made back to a credit card, it usually takes between 5 minutes and 5 hours to show up on the recipient’s balance again. <br/> <br/><br/>Q: What about the abundance of claims that it's easy to make money trading forex? A: Pip Forex goes to great lengths to explain exactly what the risks are of trading forex, to the point where it even gives specific examples of how much can be made and lost when trading forex. See <a>www.pip-forex.com/what-can-i-make.asp</a> and <a>www.pip-forex.com/what-can-i-lose.asp</a>. We challenge you to find any other forex broker’s website that makes the potential risks any clearer than this. According to industry best practices, there is a clear risk warning at the foot of every page of the Pip Forex website, and it’s in plain English so that anyone can understand it.<br/><br/>Of course, everyone’s entitled to an opinion, but we would hope that to be based on comprehensive and accurate assessment. Dear Enivid

To our knowledge, you have not voiced any of your concerns regarding Pip Forex directly with our client, nor have you truly explored the Pip Forex website. If you had done so, many of your concerns would have been allayed. A dedicated effort has been made by Pip Forex to demystify forex trading, so that anyone can try it.

It should be noted that all of the information referred to below has been available on the Pip Forex website since it was launched.

We would like to cover some of the points you raised in the Posting:

Q: Is Pip Forex a brokerage? A: Pip Forex is a brand of Simray Holdings LLC, a forex broker regulated by Kredittilsynet – the Norwegian financial services authority. Details on this are posted on page http://www.pip-forex.com/about.asp.

Q: Why is there no demo account? A: Pip Forex does not offer a demo account, and the reasons for this are covered on page http://www.pip-forex.com/do-i-get-a-demo.asp. One of the main reasons for not offering a demo is that the minimum account requirement is very low – USD 200 – and that if anyone wants to try the system, they can do so easily. If a client funds an account, enters the Pip Trader trading system and doesn’t like it, he/she can simply withdraw any or all of his/her funds. Pip Forex doesn’t even make a charge for transferring the money back to the client’s account. There are many online trading websites that don’t offer demos.

Q: Is the trading system [Pip Trader] special? A: We believe that Pip Forex’s trading system is unique. It has been made remarkably simple, in order to make forex trading accessible to anyone willing to take some risks in order to gain from the markets. You can see a screenshot of Pip Trader at the bottom of http://www.pip-forex.com/installation.asp. If you want to try it for yourself, open an account. If you don’t like it or if you just want to get your money back, you can visit http://www.pip-forex.com/cash-out.asp and get your funds returned promptly. Return transfers are made within 6 business hours of request, and if the transfer is made back to a credit card, it usually takes between 5 minutes and 5 hours to show up on the recipient’s balance again.

Q: What about the abundance of claims that it’s easy to make money trading forex? A: Pip Forex goes to great lengths to explain exactly what the risks are of trading forex, to the point where it even gives specific examples of how much can be made and lost when trading forex. See http://www.pip-forex.com/what-can-i-make.asp and http://www.pip-forex.com/what-can-i-lose.asp. We challenge you to find any other forex broker’s website that makes the potential risks any clearer than this. According to industry best practices, there is a clear risk warning at the foot of every page of the Pip Forex website, and it’s in plain English so that anyone can understand it.

Of course, everyone’s entitled to an opinion, but we would hope that to be based on comprehensive and accurate assessment.

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