An investor needs to know about a broker before starting to trade with a new broker. If you are planning to trade with Pinnacle Swipe, you should read this comprehensive Pinnacle Swipe review. Scam Help Center Team suspects Pinnacle Swipe as a fraudulent broker. Read the details here.
Website –https://pinnacleswipe.com/en/
Website Availability –YES
Address –93 Great Suffolk St, London, UK
Blacklisted Status –Not recommended by the review website like Scam Help Center
Domain Age Information –
Domain Name: PINNACLESWIPE.COM
Registry Domain ID: 2749269163_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.hostinger.com
Registrar URL: http://www.hostinger.com
Updated Date: 2024-01-08T01:47:55Z
Creation Date: 2023-01-05T07:21:01Z
Registry Expiry Date: 2025-01-05T07:21:01Z
Fraudulent Conduct by Pinnacle Swipe Broker
Reputable and worldwide regulated, Pinnacle Swipe is a UK-based broker that provides a range of financial services, including Forex, shares, energies, indices, and commodities. But the business doesn’t have precise regulatory information. The Financial Conduct Authority (FCA) licenses all financial service providers in the UK. According to investigations, neither the FCA nor any other regulatory authority has authorized or regulated Pinnacle Swipe. Because there is no regulation in place, giving money to Pinnacle Swipe carries a risk because there are no legal protections for the money.
Negative Reviews and Red Flags
A key consideration in assessing the reliability of Pinnacle Swipe is the frequency of negative Pinnacle Swipe reviews on various platforms. These reviews frequently attract attention to concerns like withdrawal difficulties, unhelpful customer service, false information, and obvious deceit. Due to the many negative Pinnacle Swipe reviews, which highlight the risks involved in trading on the platform, prospective investors are advised to proceed with care and look into other, more reliable brokers.
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The Role and Importance of Regulatory Warnings
The most significant indicator of potential deceit is the lack of regulatory supervision, either completely or insufficiently. Regulatory bodies such as the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, and others issue warnings against unlicensed brokers operating without recognized financial norms. Examine the regulatory warnings to confirm the legitimacy of Pinnacle Swipe’s operations and the safety of investor funds.
Having a regulatory license adds another level of safety for traders by guaranteeing that the broker complies with strict guidelines including sufficient capital, transparency, and ethical conduct. It gives investors a safety net in case of disagreements or misconduct, which is lacking when working with unregulated businesses. In an Pinnacle Swipe review, the importance of choosing a licensed broker is often highlighted due to these safeguards.
Why Should You Avoid Trading with Unlicensed/Unregulated Brokers?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Other possible fraudulent activities of Pinnacle Swipe broker
Pinnacle Swipe seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
Pinnacle Swipe offers assets that are highly risky and result in huge losses for investors.
Pinnacle Swipe sales staff continues to call the investors and force them to invest more and more money.
Final Conclusion- Is Pinnacle Swipe a fraudulent or legit broker?
Based on the regulatory warnings and negative Pinnacle Swipe reviews, it appears to lean towards the classification of a potential deceit. It is recommended that investors proceed with utmost caution and consider other brokers that have legitimate regulatory licenses and good standing in the trading community.
Concerned about potential deceit? Protect yourself from fraudulent brokers by getting a free consultation.
Got Scammed by Pinnacle Swipe? Scam Help Center Is Your Solution for a Refund!
For victims of Pinnacle Swipe, getting help through platforms like the Scam Help Center is important. If you suspect deceit, filing a chargeback might help you get your funds back. To successfully enhance your case and speed up the recovery procedure, take immediate action and document everything thoroughly.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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