Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighFiper Global MAU holds a genuine FSC Mauritius dealer licence (GB23201759, June 2023), but fiper.me contracts through an unlicensed Georgian free-zone company and Oman's FSA lists Fiper's Instagram as unlicensed.
Identity & transparency
6/10 · HighEntities are named, but the Georgian register calls ID 400378916 Fiper Global rather than Fiper Markets, fiper.me prints a wrong Mauritius company number, addresses differ from the registers, and contact runs through Qatar.
Withdrawals & conduct
7/10 · HighEight Trustpilot reports (February to August 2026) of cancelled profits, unpaid withdrawals and closed accounts, echoed on a second review site; some clients report normal payouts and Fiper replies to a few.
Reputation
7/10 · HighTrustpilot 2.7 from 62 reviews with a split 70% five-star and 26% one-star profile, a 23.58% rating on Daman, and an Oman FSA unauthorised listing.
Website claims
8/10 · CriticalPresents a Tbilisi free-zone registration as a licensed forex brokerage under regulatory oversight, claims multiple regulated entities, and advertises 1M USD capital protection with no named insurer or terms.
Operational history
4/10 · Moderatefiper.me registered 17 January 2022 and live by May 2022; FSC licence from June 2023; company incorporation dates are not public, so about 4.5 years is an upper bound.
Who they are
A quick desk file on the company behind the brand.
- Brand: Fiper, also shown as Fiper Global and FiperFX, with an Arabic-language site and reviewers mostly in the Gulf, Iraq and Lebanon.
- Legal entity: Fiper Markets LLC, Georgian ID 400378916, Tbilisi Free Industrial Zone number TFZ/201223/01. The Georgian business register lists this ID as an active LLC named შპს ფაიპერ გლობალ (Fiper Global).
- Registered: Khizanishvili Street, Gidani District, Georgia, according to the client terms. Day-to-day contact is a Qatar phone number (+974), and the Trustpilot profile gives a Doha address.
- Website: fiper.me (registered 17 January 2022). Sister sites: fiperfx.net (2024), fiper.info (2024) and fiperglobal.com (2025).
- Partner sites and the MT5 server still show the holder under its earlier name, TOB Trading MAU Ltd. The FSC register gives its office as 33 Edith Cavell Street, Port Louis, while Fiper's sites give Ebene and Quatre Bornes addresses.
- Other companies: Fiper Global LLC, UAE free-zone company 2422384 at Meydan Grandstand, Dubai, described as the marketing hub. The About page credits Aldar Group with launching Fiper.
- Offers: CFDs on forex, metals, energy, indices, shares and crypto on cTrader and MetaTrader 5, leverage up to 1:500, minimum deposit 250 USD, copy trading.
- Not accepted: residents of the USA, UK, Canada, Iran, North Korea and Myanmar; the regulation document adds Brazil, Israel and New Zealand.
- Age claim: no founding year on the current site. The earliest archived copy, from May 2022, names FIPER TECHNOLOGY LLC as the operator.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Tbilisi Free Industrial Zone (TFIZ), Georgia
UAE Free Zone Authority (Fiper Global LLC)
Why we reached this verdict
How the evidence adds up.
We rate Fiper a likely scam because a national regulator has listed its official account, the company that signs up fiper.me clients holds no financial licence while describing itself as licensed, and complaints about withheld money cluster in 2026.
- Regulator listing: the Financial Services Authority of Oman puts fiper_me, the Instagram account fiper.me links to as its own, on its Unauthorised Companies List. IOSCO's I-SCAN records the alert (warning 45726, 11 November 2025) as an unregistered or unlicensed entity offering financial products or services. The same list names fiperme_markets twice in 2026; fiper.me does not link to that account, so we treat it as unconfirmed.
- The licence belongs to another company: fiper.me says the site is operated by Fiper Markets LLC, and the client terms name Fiper Markets LLC as your counterparty. The FSC licence is held by Fiper Global MAU, which Fiper says operates fiperfx.net. Money deposited through fiper.me is not covered by that licence.
- A registration presented as a licence: Fiper's regulation document and the header of its legal documents call Fiper Markets LLC a licensed forex brokerage firm and say the Tbilisi Free Industrial Zone provides regulatory oversight. A free zone grants tax and customs status. In Georgia, brokerage licences, including for currency and derivative trading, are issued by the National Bank of Georgia, and Fiper does not claim one.
- Same complaint, many clients: eight Trustpilot reviews posted between February and August 2026 describe profits cancelled after an account review, withdrawals left unpaid and accounts closed or locked. They include 1,204 USD on account 1071220 and 42,000 USD held for more than three months. Daman, an Arabic broker-review site, reports the same pattern, and Fiper's own public reply confirms adjustments under its prohibited-trading rules.
- Terms that permit it: clause 60-3 of the client terms says Fiper need not pay any withdrawal while an event of default or potential event of default continues, and its Improper Trading Practices policy lets it act at its sole discretion, without notice, for conduct whether or not explicitly listed.
- How the score is built: across the six scorecard areas the evidence averages 68%. Because a regulator has listed Fiper's official account, we do not rate it below 70%. Confidence is medium: the group does hold a real licence, the trading platforms are genuine, and some clients report normal withdrawals.
- Age: about four and a half years, based on the January 2022 domain and the May 2022 archive. Neither the Georgian nor the Mauritian company register shows incorporation dates in its public search results, so this figure is an upper bound.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The FSC Mauritius Online Public Register lists Fiper Global MAU as an SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting) licensed on 29 June 2023, status company is incorporated, with no annotations. It records the office as 33 Edith Cavell Street, Port Louis, c/o IQ EQ Fund Services, the management company as AllServ Management Ltd, and no website.
E2The Financial Services Authority of Oman lists fiper_me and a misspelled duplicate, Fliper_me, both linking to instagram.com/fiper_me, on its Unauthorised Companies List of firms engaged in securities activities in Oman without authorisation. fiper.me links to this same Instagram account as its own. IOSCO I-SCAN records the alert as warning 45726, published 11 November 2025, category unregistered or unlicensed entity offering financial products or services.
E3The same Oman list names fiperme_markets, an Instagram account, twice; IOSCO I-SCAN warning 57615 records the latest entry as published by the FSA on 19 October 2026. fiper.me does not link to this account, so it is not confirmed as Fiper's own.
E4The fiper.me home page says the site is operated by Fiper Markets LLC (Company ID 400378916, TFZ/201223/01), that fiper.me activities are supervised by the Georgian-licensed entity, and that the FSC-licensed Fiper Global MAU operates FiperFX.net. It also states that the Fiper Group operates through multiple regulated entities.
E5Fiper's Regulation document describes Fiper Markets LLC as a licensed Forex Brokerage Firm registered under the Tbilisi Free Industrial Zone and says the zone provides regulatory oversight for licensed financial and trading entities. The same wording heads every page of its legal documents.
E6The National Bank of Georgia's guide to brokerage companies sets out limited and full brokerage licences covering activities including buying and selling currency and entering into derivative contracts, with minimum capital of 150,000 or 500,000 GEL. Fiper claims no National Bank of Georgia licence.
E7Fiper's client terms (Version 4, 2024) name Fiper Markets LLC, registered under number 400378916 at Khizanishvili Street, Gidani District, Georgia, as the counterparty, with a Qatar phone number. Clause 60-3 says Fiper is not obliged to pay any withdrawal while an event of default or potential event of default continues.
E8The Improper Trading Practices policy covers strategies whether or not explicitly listed and reserves the right to act at Fiper's sole discretion, at any time and without prior notice, under clause 60 of the terms.
E9The Georgian business register lists ID 400378916 as an active limited liability company named შპს ფაიპერ გლობალ (Fiper Global), not Fiper Markets, and a second active company, შპს ფაიპერ ტექნოლოჯის (Fiper Technologies, ID 400358082).
E10Trustpilot shows 62 reviews for fiper.me with a TrustScore of 2.7: 70% five-star, 26% one-star and almost nothing in between. Eight reviews posted between February and August 2026 describe profits cancelled after an account review, withdrawals not processed and accounts closed or locked, including 1,204 USD on account 1071220 and 42,000 USD frozen for over three months. Fiper's public reply of 11 February 2026 says one account breached its Prohibited Trading Strategies framework and that adjustments followed the agreement.
E11Several Trustpilot reviewers report smooth deposits and withdrawals in 2023 and 2024, and a review dated 6 November 2026 reports improved withdrawals. Fiper replies to some reviews.
E12Daman, an Arabic broker-review site, rates Fiper at 23.58% (updated 9 January 2026), citing many client complaints about accounts and trades closed without clear reasons and delayed withdrawals, and names FiperFx as a trade name of TOB TRADING MAU LTD under licence GB23201759.
ModerateDaman broker review of FiperE13The earliest archived copy of fiper.me (10 May 2022) names FIPER TECHNOLOGY LLC as the operator and ALDAR GROUP (aldargroup.com.tr) as the official representative office.
E14Domain registry records show fiper.me registered 17 January 2022, fiperfx.net 7 February 2024, fiper.info 24 September 2024 and fiperglobal.com 25 August 2025, all on the same pair of Cloudflare name servers.
ModerateDomain registry records (RDAP)E15fiperfx.net names Fiper Global MAU (trade name Fiper Global) with Mauritius company number 198452. fiper.me instead prints company registration number G823201759, which resembles the licence number GB23201759, and both sites give Ebene and Quatre Bornes addresses rather than the Port Louis office on the FSC register.
E16The MetaTrader 5 desktop installer linked from fiper.me is served by MetaQuotes from the company path tob.trading.mau, tying the trading server to TOB Trading MAU Ltd, the licence holder's earlier name.
Moderatefiper.me platform download linksE17fiper.me and fiperfx.net advertise 1M$ Capital Protection per Account; neither the home page nor the FAQ names an insurer, a scheme or any terms.
Moderatefiper.me FAQ and home pageE18Spain's CNMV warned on 28 July 2025 that WTRADERS (WTRADERS LLC, wtraders.net and wtradersworld.com) is not authorised to provide investment services. wtraders.net calls itself a Fiper Authorized Referral Partner that offers products through FiperFx. The warning names Wtraders, not Fiper.
E19An IOSCO I-SCAN search for fiper returns only the three Oman entries; no other regulator's alert names Fiper, its domains or its companies.
The other side
The strongest case in this broker’s favour.
The best case for Fiper is that it is a real trading business whose group holds a genuine, if weak, licence.
- Its MetaTrader 5 installer is distributed by MetaQuotes under the licence holder's earlier name, TOB Trading MAU Ltd, and its cTrader platform comes from Spotware. Clients trade on real platforms, not a fake web dashboard.
- About 70% of its 62 Trustpilot reviews give five stars, several describe smooth withdrawals, and a November 2026 review reports that withdrawals have improved. Fiper answers some complaints in public.
- Cancelling profits from prohibited strategies such as latency or gap trading is common at offshore brokers, and Fiper's terms disclose it, so some disputes may be genuine rule breaches.
- Pairing an unlicensed service company with an offshore licensed company is a common group structure.
- We found no regulator action or court case alleging fraud, and an IOSCO I-SCAN search finds no alert about Fiper from any regulator other than Oman.
What would change this
What we would need to see to revise the verdict.
Our view would improve if Fiper closed the licence gap and the withdrawal disputes were resolved.
- All fiper.me accounts moving to Fiper Global MAU, or a financial regulator's register showing Fiper Markets LLC as authorised.
- Fiper withdrawing the licensed-brokerage and regulatory-oversight wording about its Tbilisi free-zone registration.
- Oman's Financial Services Authority removing fiper_me from its Unauthorised Companies List.
- Follow-up reviews from the 2026 complainants confirming they were paid.
- Published terms for the 1,000,000 USD capital protection it advertises, naming the insurer or scheme.
- In the other direction, a warning naming fiper.me or Fiper Markets LLC from another regulator, or new reports of deposits being withheld, would move this towards a confirmed scam.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSC Mauritius Online Public Register
The register link Fiper publishes; search the name Fiper to see the Fiper Global MAU licence.
Oman FSA Unauthorised Companies List
Type fiper in the search box to see the fiper_me and fiperme_markets entries.
IOSCO I-SCAN warning 45726 (Fiper_me)
Oman FSA alert on Fiper's Instagram account, 11 November 2025.
Georgian business register
Search identification code 400378916 to see the company behind fiper.me.
Fiper regulation document
Fiper's own description of its Tbilisi free-zone status.
Fiper client terms and conditions
Names Fiper Markets LLC as your counterparty; clause 60 covers withheld withdrawals.
Trustpilot reviews of fiper.me
Client reviews, including the 2026 withdrawal complaints.
CNMV warning on WTRADERS
Spanish warning on a Fiper referral partner, 28 July 2025.
Frequently asked questions
Quick answers about this broker’s safety.
Is Fiper a scam?
We rate Fiper a likely scam risk rather than a confirmed scam. fiper.me is run by Fiper Markets LLC, a Georgian free-zone company with no financial licence, Oman's regulator lists Fiper's Instagram account as unlicensed, and eight clients reported cancelled profits or unpaid withdrawals in 2026.
Is Fiper a fraud?
We have found no regulator or court ruling that Fiper committed fraud. We did find a free-zone registration presented as a forex licence, an unlicensed-entity listing in Oman and a cluster of withheld-withdrawal complaints, so we assess the risk as high.
Is Fiper regulated?
Only in part. fiper.me, however, is operated by Fiper Markets LLC in Georgia, which holds a free-zone registration and no financial licence.
What is Fiper's Tbilisi free zone licence worth?
It is a free industrial zone registration that brings tax and customs benefits, not a financial licence. No financial supervisor oversees client money under it. In Georgia, brokerage licences are issued by the National Bank of Georgia, and Fiper does not claim one.
What is Fiper's FSC Mauritius licence worth?
Mauritius is an offshore, lower-tier regulator. The licence imposes capital and reporting rules, but there is no compensation scheme for CFD traders, and it only covers clients of Fiper Global MAU, not accounts opened through fiper.me.
Can I withdraw my money from Fiper?
Some clients report normal withdrawals. But eight Trustpilot reviews posted between February and August 2026 describe profits cancelled after an account review, withdrawals left unpaid or accounts closed, and clause 60-3 of the terms lets Fiper hold withdrawals during a suspected breach.
Is my money safe with Fiper?
Not to the standard of a well-regulated broker. Money sent through fiper.me is held by an unlicensed company, and the 1,000,000 USD capital protection advertised on the site comes with no named insurer or published terms.
Who owns Fiper?
The About page says Aldar Group launched Fiper, and the May 2022 version of the site named ALDAR GROUP (aldargroup.com.tr) as its representative office. The group operates through companies in Georgia, Mauritius and the UAE, with its client phone line in Qatar.
How long has Fiper been operating?
fiper.me was registered on 17 January 2022 and was live by May 2022, then run by Fiper Technology LLC. The FSC licence dates from June 2023, fiperfx.net from February 2024 and fiperglobal.com from August 2025, so the brand is about four and a half years old.
Is Fiper a clone of another broker?
No.
Is Wtraders connected to Fiper?
Yes. wtraders.net calls itself a Fiper authorised referral partner that places clients with FiperFx. Spain's CNMV warned on 28 July 2025 that WTRADERS is not authorised to provide investment services in Spain; that warning names Wtraders, not Fiper.
What should I check before depositing with Fiper?
Check which company your client agreement names and whether that company appears on a financial regulator's register. Read clause 60 of the terms and the Improper Trading Practices policy, and test a small withdrawal before depositing more.
What can I do if Fiper refuses my withdrawal?
Ask in writing for the clause and trades used to refuse it, keep all records, and file a formal complaint with the company. Dispute card payments with your bank, report the case to the regulator where you live, and avoid paid recovery services.
What we recommend
The practical takeaway from everything above.
Treat Fiper as high risk, and check which company you would be dealing with before you send any money.
- Accounts opened at fiper.me are with Fiper Markets LLC, which has no financial licence. If you want FSC Mauritius supervision, your client agreement must name Fiper Global MAU.
- Search the name Fiper on the FSC Mauritius public register yourself and compare the entity with your agreement.
- If you live in Oman, note that the Financial Services Authority lists Fiper's Instagram account as unlicensed.
- Start small and test a withdrawal before adding funds. Crypto deposits are hard to recover; card payments can sometimes be disputed through your bank.
- Keep your statements, trade history and every message from support or your account manager.
- If a withdrawal is refused, ask in writing for the exact clause and trades relied on, complain to the company, and report it to the financial regulator where you live.
- Ignore anyone who offers to recover your money for an upfront fee.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed November 9, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
What traders say about Fiper
Comments on Fiper are posted on its profile
Nobody has commented on Fiper yet. If you have traded with them, your experience helps the next reader decide.
Write the first comment