Reported Website: https://www.tripeakfx.com/
Tripeak claims it is a world-class broker offering quality and honest trading services under high-quality strict regulation while not mentioning which country or authority it has regulation in. It may be a distinct characteristic of unlicensed brokers, as regulated brokers always present their certificates and licenses in a prominent position. It is a red flag here. Besides, Tripeak claims it is headquartered in Vanuatu and has offices in Istanbul, Turkey, and Nigeria. First, as per the information we hold, Nigeria has no authorities that issue licenses for forex training or regulate entities offering forex services. Second, we searched the Vanuatu Financial Services Commission (VFSC) and Turkish Capital Markets Committee (CMB). However, we did not find any match results to Tripeak in the above two watchdogs’ registries. The truth is that Tripeak is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
