Brief informationChip Tap
The digital CFD broker Chip Tap positions itself as a fast-growing company that has achieved great success in the European markets. The intermediary claims to have been operating in the jurisdiction of Monaco since 2015, and its head office is located at Roc Azur Bloc A, 7 Boulevard d’Italie, Monaco.
The ChipTap broker reports that the CEO of the company is Cole Birgstrim. However, the identity of the entrepreneur has not been confirmed. Also, the official website chip-tap.com does not have registration documents and the broker’s number in the register of legal entities.
The company assures that it is regulated by independent financial commissions, but does not indicate their names and does not publish copies of licenses. Partly, the broker Chip Tap does not disclose whether it has a license from the CCAF — the financial regulator of Monaco. Customer support is available via a contact form, by email at support@chip-tap.com, and by phone at +377 49 13 31 33 (Monday to Friday, 9:00 to 21:00 GTM+1).
ChipTap trading terms
The intermediary promises to open access to the following markets for CFD trading:
cryptocurrencies;
indices;
currencies;
stocks.
However, the ChipTap broker does not advertise spreads, commissions charged, swaps, stop out, margin call, trading hours, and other trading parameters. Probably, this data will be available only to registered users.
The Chip Tap broker does not publish a manual for its trading terminal and does not announce its functionality. Probably, the platform is available exclusively in web format.
Trading accounts at Chip Tap
The company offers traders to choose a tariff suitable for their financial goals:
Newbie with a minimum deposit of $500;
Experienced — $25,000;
Pro — $50,000.
The ChipTap broker announces the possibility of margin trading with leverage from x20 to x50, depending on the financial instrument. The intermediary also announces a deposit insurance and protection service. However, it does not explain the conditions under which it provides them.
Registration and personal account on chip-tap.com
To obtain client status, you must specify during registration:
your first and last name;
phone number;
email;
residential address and postcode;
password;
promo code.
You can create an account on the following resources:
official website chip-tap.com;
page for direct registration and authorization trade.chip-tap.com.
Before entering the Chip Tap personal account, the user must confirm agreement with the company's policy.
Deposits and withdrawals with ChipTap
The intermediary does not explain the terms for account funding and withdrawals at ChipTap. Payment methods are not specified in any section of the website. There are also no relevant documents. To find out the processing time of a withdrawal request, restrictions and fees charged, you should create a profile and log in to your ChipTap account. You can also consult with support by phone at +377 49 13 31 33.
Conclusion about Chip Tap
This financial intermediary does not provide transparent terms of cooperation, so the broker's investors are exposed to increased investment risks. The company operates without licenses, does not disclose the features of the trading terminal and the implementation of mutual settlements. To assess the prospects of working with a broker, you should study the reviews of Chip Tap.
