Aipirium – Are They Safe?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Aipirium - DO NOT TRADE WITH THIS PROVIDER
2.3/10
$100
Minimum Depositupdated 2021
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL:https://aipirium.com
Founded:2021
Regulations: Unregulated
Languages: English
Deposit Methods:Wire Transfers, Credit/Debit Cards
Minimum Deposit:$250
Free Demo Account:None Available
Number of Assets:Unspecified
Types of Assets:CFDs on Countries
Trading Accounts and Conditions
Aipirium offers its clients the following account types for trading:
- Micro: The minimum amount you need to deposit to use this account is $250. The spread is fixed at 3 pips and leverage is 1:500.
- Standard: The minimum amount you need to deposit to use this account is $1,000. The spread is fixed at 2 pips and leverage is 1:200.
- Professional: The minimum amount you need to deposit to use this account is $5,000. The spread is fixed at 1 pip and leverage is 1:100.
Aipirium– Advantages
There are no advantages in trading with Aipirium.
Aipirium – Disadvantages
Here are the numerous reasons why this broker must be avoided at all costs:
-
Anonymous Offshore Broker
Aipirium states on its website that its parent company is AAA Ratings Ltd, a company that is based in the Marshall Islands. The broker provides a registration number (#106998) and a Post Office Box address in the Marshall Islands.
The thing is a PO Box address is not enough proof of a physical presence in the Marshall Islands. And since the Marshall Islands does not even require a company to be physically located in their jurisdiction to be registered with them, it is easy for scammers to start operations from this location. Added to this, there is no local financial authority that monitors forex and CFD brokers.
Therefore, even if this broker is registered in the Marshall Islands, it still needs to have authorization to operate in the countries it targets. This broker does not have any other license or registration, which basically means that it is operating illegally.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
-
False Claims of Negative Balance Protection
Aipirium claims that it offers its clients Negative Balance Protection. When a broker offers this type of protection to its clients, it basically says that if your account goes below zero, it will bring your account balance back to positive – free of charge. This is a really great benefit to have.
However, this broker does not offer such a benefit. If you read the terms and conditions carefully, you will find that you will need to make more deposits to bring your balance back to a positive! Thus, there is actually no negative balance protection being offered by this broker. It is just another scheme to con unwary investors into putting in money with them.
-
Lies About MetaTrader 4 Platform
More evidence of this broker’s scam is the lies Aipirium tells you about offering its customers the MetaTrader 4 trading platform. The MT4 platform is the world’s most popular trading software, so if this broker offered it to you, we would say it was a definite advantage. The MT4 platform has tons of features – charting tools, market analysis tools, trading bots, etc. – that can make trading a breeze.
Aipirium claims to offer the MT4 platform, but what you really get is the Sirix trader, which cannot compare in quality to the world leader.
-
No Trading Instruments
The clearest sign that this broker is a massive scam is the fact that it doesn’t offer any trading instruments for trading! There are no foreign currencies, stocks, indices and so on. What you get instead are world leader and country ratings! You can trade on Merkle, Macron, Putin, Russia, China, Biden, UK, Johnson, etc. This type of trading is unheard of!
It is necessary to understand that these instruments are not financial products, therefore financial manipulation of their prices are very easy.
With no trading instruments, it is worthless discussion the spreads offered by this broker. After all, what does it mean if you have a high or low spread if you are betting on a person or a country rather than an actual trading asset?
-
Very High Leverage
While it is laughable to talk about trading conditions such as spreads and commissions, it is important to talk about the leverage ratio that this broker offers. Leverage is basically borrowing with the intent of increasing profits. While the possible returns are high, the ground reality is that the losses traders incur when using high leverage ratios are phenomenal. This is the reason why most financial regulators across the world have placed limits on how much leverage clients can take.
In the UK, for example, the maximum leverage for individual traders is 1:30. It’s the same in the European Union. In the US, you can only get a maximum leverage of 1:50.
Thus, a leverage of 1:500 is not only extremely risky it is also illegal in most jurisdictions.
-
Bonuses Offered
Another indication that you cannot trust this scammer is that Aipirium offers its clients bonuses. According to this broker’s website, bonuses start at 10% on your deposit. What we need to keep in mind is that these bonuses usually modify the withdrawal conditions, where traders will not be allowed to withdraw their funds without first meeting some ridiculously high trading turnover targets.
-
Unfair Terms and Conditions
Aipirium has some pretty unfair terms and conditions too. If your account is inactive for more than 120 days, it goes dormant, and you will be charged 10% or $100 per month – whichever is higher! Furthermore, this broker keeps its withdrawal policy vague and specific transaction fees are not mentioned. This means that they can charge you whatever they like.
Conclusion
Aipirium is a scammer that should be avoided at all costs. It would be best for you to find another broker, one that is not a scam and is reliable.
Aipirium
Pros
- None
Cons
- Anonymous Offshore Broker
- False Claims of Negative Balance Protection
- Lies About MetaTrader 4 Platform
- No Trading Instruments
- Very High Leverage
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.