BarePips FX presents itself as a financial trading firm operating via the website www.barepips.com and social channels (Facebook, Telegram, Instagram). It appears on the FCA Warning List because it is not authorised by the FCA and may be targeting UK consumers, so you should avoid dealing with it.
BarePips FX is an online trading platform and social media-facing investment broker that promotes FX and CFD trading. It runs the website barepips.com and uses Facebook, Telegram and Instagram to recruit clients. According to FCA information the firm is not authorised to carry out regulated activities in the UK, which raises immediate red flags for UK-based investors.
The FCA lists BarePips FX because it is not authorised to provide regulated financial services in the UK and may be actively targeting UK consumers. Common reasons for inclusion are: no FCA registration, use of social media channels to recruit clients, and reports or complaints from people who say they were contacted by the firm. The warning is a signal that you should be careful. For many people the key concern is how BarePips FX scams investors in 2025 through unsolicited approaches, promises of guaranteed returns, and pressure to deposit funds quickly. The FCA warning is meant to protect consumers and to highlight unlicensed firms operating in the market.
Name: BarePips FX Website: https://www.barepips.com Social Media Details: Facebook – BarePips FX (facebook.com/people/BarePips/61584394468651); Telegram – t.me/+fn1Lwc5HJWU3YWRk; Instagram – barepipsfx Note: Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.
Unauthorized This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams. Almost all firms and individuals must be authorised or registered by us to carry out or promote financial services in the UK. This firm is not authorised by us and may be targeting people in the UK. Search our Warning List for other unauthorised firms and individuals we’re aware of. Unauthorised firm details Name: BarePips FX Website: www.barepips.com Social Media Details: Facebook- BarePips FX (facebook.com/people/BarePips/61584394468651); Telegram- t.me/+fn1Lwc5HJWU3YWRk; Instagram- barepipsfx Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine. What this means for you If you deal with this firm, you won’t have access to the Financial Ombudsman Service if you want to complain. You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business. If you sent money to a fraudster on or after 7 October 2024, you may be covered by protections introduced by the Payment Systems Regulator (PSR). Find out what to do if you’ve been tricked into making a payment to a scam account.
You should only deal with financial firms that are authorised by us. If a financial firm is authorised by us, it gives you greater protection if things go wrong. You can use the FCA Firm Checker to make sure a financial firm is authorised by us and has our permission to provide the services you’re looking for. You’ll also be able to find: information on how you’re protected; contact details for authorised firms. If you’re contacted unexpectedly by a financial business, make sure you reply using the contact details on the Firm Checker. Find out more about how to protect yourself from scams. Report an unauthorised firm: If you think you’ve been approached by an unauthorised firm, call us on 0800 111 6768, or use our contact form. Stay informed by subscribing to our website, follow updates about scam brokers, check reviews regularly, and always verify licenses before investing.
BarePips FX is a scam broker — you should not trust this broker. The FCA lists BarePips FX as unauthorised and warns that dealing with this firm means you will not have access to the Financial Ombudsman Service or FSCS protections. Any review of BarePips FX in 2025 must note the lack of authorization, the risk of losing funds, and the presence of social media channels used for outreach; avoid sending money or personal details to this entity and treat any offers from BarePips FX as high risk.
