General Information
Tripeak is a forex broker providing access to various financial markets, Currency Pairs, Gold, Silver, Crude & Indices. With the Tripeak platform, investors can get access to four trading accounts: Cent, Classic, ECN, the minimum deposit to invest with this broker starting at $10.
Tripeak is not authorized or regulated by any regulatory authorities. please be aware of the risk.
Market Instruments
Tripeak boasts that it provides various trading instruments, such as 35 currency pairs, Gold, Silver, Crude Oil, Indices.
Account Types
Tripeak provides three types of trading accounts, namely Cent, Classic, ECN. To open a Cent account, only $10 is enough, if you are willing to take the risk of trading with an unregulated forex broker. The Classic account requires the same amount of initial deposit as Tripeak.
The most expensive account, the ECN account, asks for an initial deposit of $1,000.
Leverage
When it comes to leverage, Tripeak allows its clients to use leverage of up to 1:1000, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spreads & Commissions
Spreads and commissions are tightly associated with account types. The Cent and Classic accounts offers a zero-commission trading environment, accompanied by average spreads, from 1.6 pips. The ECN account provides spreads from 0.1 pips, with a ommission of $6 per lot.
Trading Platform
Tripeak provides access to the industry-leading MT4 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT4 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.
Customer Support
Clients with any inquiries or trading-related issues can get in touch with Tripeak through the following contact channels:
Email: support@tripeakfx.com
Or you can follow this brokerage house through some social media platforms, Facebook, Instagram, Twitter.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
