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Paxful

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Operating status: SCAM

Website: https://paxful.com/

Broker violations and abnormal records
  • 2022-11-09 The Securities Commission Malaysia (SC) Added Paxful into Its Investor Alert List

    In 2022, The Securities Commission Malaysia (SC) issued a warning against Paxful that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list

    In 2022, The Securities Commission Malaysia (SC) issued a warning against Paxful that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list
  • 2023-02-12 BrokersView has Reviewed that Paxful is an Unregulated Broker

    Paxful presents zero details about its regulations on its website, Lacking regulatory information is already a huge red flag for potential investors. 

    More importantly, the Securities Commission Malaysia (SC) issued a warning against Paxful that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities.

    The truth is, Paxful may not be under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

    Paxful presents zero details about its regulations on its website, Lacking regulatory information is already a huge red flag for potential investors. More importantly, the Securities Commission Malaysia (SC) issued a warning against Paxful that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities.The truth is, Paxful may not be under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

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