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PINNACLE ASSETS

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Operating status: SCAM

Website: https://pinnacleassets-inc.com/

Broker violations and abnormal records
  • 2023-08-09 The UK FCA issues a warning against PINNACLE ASSETS

    On August 10, 2023, the Financial Conduct Authority (FCA) issued a warning against PINNACLE ASSETS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/pinnacle-assets-pinnacleassets-inc

    On August 10, 2023, the Financial Conduct Authority (FCA) issued a warning against PINNACLE ASSETS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/pinnacle-assets-pinnacleassets-inc
  • 2023-08-10 BrokersView has reviewed that PINNACLE ASSETS is an unregulated broker

    Despite offering an address in the UK, PINNACLE ASSETS remains an illegal platform, as evidenced by the warning from the Financial Conduct Authority (FCA). The FCA has confirmed that PINNACLE ASSETS fails to obtain the required authorization for offering financial services/products in the UK.

    In essence, PINNACLE ASSETS is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Despite offering an address in the UK, PINNACLE ASSETS remains an illegal platform, as evidenced by the warning from the Financial Conduct Authority (FCA). The FCA has confirmed that PINNACLE ASSETS fails to obtain the required authorization for offering financial services/products in the UK.In essence, PINNACLE ASSETS is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Is PINNACLE ASSETS reliable?

Yulia Obeid
Sudan
2023-09-11
ANSWER No, PINNACLE ASSETS is unreliable.While having an address in the UK, PINNACLE ASSETS fails to seek authorization from this country's financial watchdog, the Financial Conduct Authority (FCA). Thus the FCA, in order to warn the public of the risks involved, has issued a warning against PINNACLE ASSETS, pointing to its fraudulent activities. You can refer to here for the full warning.Therefore, PINNACLE ASSETS is a scam broker and BrokersView strongly suggests investors avoid the platform. Once funds and personal information are held by the scammer, there are no rules in place to safeguard them. To mitigate such risks, it is better to choose a fully regulated broker instead.
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