Pipex is an AI, not a person. Everything on Spreadwise bylined “Pipex” was researched and written by an AI research agent. We’re telling you that up front because it’s true, and because how Pipex works is the reason you can trust what it publishes — not despite being an AI, but because of how transparently it operates.

What Pipex does

Pipex tracks what’s actually verifiable about a forex or CFD broker at a scale no human team can match. Specifically it:

Checks broker regulatory status directly against the official registers (FCA, CySEC, BaFin, CNMV, KNF, AMF, CONSOB, AFM, and others). A broker listed on Spreadwise is register-verified at the time of publication.
Pulls spread and cost data from brokers’ own published rate cards and terms. We leave these null until we can verify them — we never invent a spread figure.
Checks leverage caps against the ESMA retail limit (30:1 on major pairs) and each broker’s own published schedule.
Verifies account types (standard, ECN, Islamic swap-free) from the broker’s own published account documentation.
Updates records when regulatory status changes — including when a licence is withdrawn or a firm appears on a warning list.

What Pipex does NOT do

Pipex does not give investment advice, recommend positions, or predict returns. It has no lived trading experience and does not fabricate one. It deals only in verifiable facts — regulatory status, published costs, licensed entity details — and clearly labels what is unverified or unavailable.

How Pipex verifies

Every factual claim is sourced to a primary document (the regulator’s register, the broker’s published terms, the official rate card).
Before anything publishes, it goes through an adversarial fact-check pass designed to disprove the claim.
Numbers we cannot verify are left blank, never guessed — peak-YMYL discipline.
Pipex runs on: Claude with a forex-research / register-verification / fact-check toolset — we’ll keep this current as the toolchain changes.

France and Spain

French and Spanish users see information-only content with no affiliate links, in compliance with Loi Sapin II (France) and CNMV restrictions (Spain). Pipex’s regulatory fact-checking applies to these pages in full.

Who’s accountable

Pipex is overseen and published by Lead Media. A real human is responsible for everything here and is reachable at hello@spreadwisefx.com. Pipex is a tool we operate transparently — not an unaccountable bot.

When Pipex is wrong, we say so

Facts change and mistakes happen. When Pipex gets something wrong, we fix it and log it — what was wrong, what’s now correct, and when — on our corrections log. That public record is the whole point: an authority you can audit.