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PINNACLE FX TRADES

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Operating status: SCAM

Website: https://www.pinnaclefxtraders.pro/

Broker violations and abnormal records
  • 2023-12-06 The UK FCA issues a warning against PINNACLE FX TRADES

    On 4 Decmber, 2023, the Financial Conduct Authority (FCA) issued a warning against PINNACLE FX TRADES, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/pinnacle-fx-trades

    On 4 Decmber, 2023, the Financial Conduct Authority (FCA) issued a warning against PINNACLE FX TRADES, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/pinnacle-fx-trades
  • 2023-12-06 BrokersView has reviewed that PINNACLE FX TRADES is an unregulated broker

    PINNACLE FX TRADES claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. 

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that PINNACLE FX TRADES was providing finacial services or products without authorisation.

    The truth is that PINNACLE FX TRADES is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    PINNACLE FX TRADES is a scam.

    PINNACLE FX TRADES claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that PINNACLE FX TRADES was providing finacial services or products without authorisation.The truth is that PINNACLE FX TRADES is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.PINNACLE FX TRADES is a scam.

Related Complaints

Q&A

How much do I have to invest when opening a new account on PINNACLE FX TRADES?

ashok nagvenkar
Saipan
2024-01-08
ANSWER We strongly advise against engaging with PINNACLE FX TRADES, an unlicensed forex broker, to safeguard against potential fraud and identity theft.The broker fails to provide essential details about its operations, including physical addresses, contact numbers, and licensing information. This lack of transparency is a significant indicator of potential scam activities. The Financial Conduct Authority (FCA), the UK's financial market regulator, has issued a warning against PINNACLE FX TRADES, identifying it as an unauthorized firm unlawfully targeting UK investors.Therefore, PINNACLE FX TRADES is not a safe option for investors. Entrusting this broker with your funds and personal information carries substantial risk. To mitigate such risks, we recommend avoiding unlicensed brokers like PINNACLE FX TRADES and opting for fully regulated ones 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.