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PINE FX MARKETS

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Operating status: SCAM

Website: https://pinefxmarkets.com/

Broker violations and abnormal records
  • 2023-08-20 BrokersView has Reviewed that PINE FX MARKETS is an Unregulated Broker

    PINE FX MARKETS claims to be regulated by Australian Securities and Investments Commission (ASIC) (AFSAR: 001300149). We searched the ASIC and found a matching result, but it is ceased. The truth is that PINE FX MARKETS is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    PINE FX MARKETS claims to be regulated by Australian Securities and Investments Commission (ASIC) (AFSAR: 001300149). We searched the ASIC and found a matching result, but it is ceased. The truth is that PINE FX MARKETS is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • 2023-09-10 PINE FX MARKETS' domain seems to have ceased working

    the website "https://pinefxmarkets.com/" seems to have ceased operations, strongly suggesting issues with the platform's reliablity and resources. Please beware of the risks involved and stay away from the scam.

    the website "https://pinefxmarkets.com/" seems to have ceased operations, strongly suggesting issues with the platform's reliablity and resources. Please beware of the risks involved and stay away from the scam.

Related Complaints

Q&A

What licensed does PINE FX MARKETS have?

meir Zaitsev
Germany
2023-09-19
ANSWER PINE FX MARKETS lacks the necessary license to conduct forex trading activities.The unavailablity of the PINE FX MARKETS website raises concerns, as a well-functioning website is typically a vital component of a legitimate forex broker. It serves as a platform for displaying crucial information, offering products, and facilitating trading. When a broker lacks a website, it often raises suspicion of potential fraudulent activity.Moreover, the AR license number (001300149) that PINE FX MARKETS claimed to hold from the Australian Securities and Investments Commission (ASIC) was canceled as early as May 2023. Consequently, PINE FX MARKETS is an unlicensed trading services provider.Therefore, BrokersView strongly suggests investors steer clear of PINE FX MARKETS. Entrusting the platform with funds and personal information is highly risky, as there are no rules in place to protect them from fraud and theft. To avoid such risks, it is advisable to choose a fully regulated broker instead.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.