Pair Finance is a cryptocurrency mining company that claims to offer high returns on investment. However, there are a number of red flags that suggest that Pair Finance may be a scam.
Company Overview
Pair Finance is a relatively new company, founded in 2022. The company’s website is quite suspecting. Their website is confusing and their English version is not working. You have to only work with the German version. Their motto is they are rethinking debt development.
Team
The team page on Pair Finance’s website shows the company’s management team. They specified their CEO, CSO, and other officials. But, you have to check the regulations too. There were several companies previously that had good management team and finally they came out as a scammer.
Services or Products
Pair Finance claims to offer a variety of cryptocurrency mining services, including cloud mining, colocation mining, and ASIC mining. However, the company does not provide any details about its mining facilities or its mining equipment.
License and Regulations
Pair Finance is not licensed by any financial regulator. This is a major red flag, as it means that the company is not subject to any oversight or regulation.
License Status
As we told you previously, you have to check the regulation status though they have a good team. Pair Finance does not have any licenses to operate as a cryptocurrency exchange or mining company. This means that the company is not authorized to offer any financial services.
Regulation Status
Pair Finance is not regulated by any financial regulator. This means that the company is not subject to any rules or regulations that protect investors. They showed they received some awards in their YouTube videos, but these awards cannot justify them as a reliable broker. Without the license and regulation you cannot trust anyone.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of risks associated with dealing with an unlicensed broker. These risks include:
- The broker may not be who they say they are.
- The broker may not have the necessary financial resources to back their trades.
- The broker may not be subject to any oversight or regulation.
- The broker may engage in fraudulent or unethical practices.
Legal Warning Against Pair Finance
The Financial Conduct Authority (FCA) in the UK has issued a warning against Pair Finance, stating that the company is not authorized to provide financial services. The FCA warning also states that Pair Finance is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about Pair Finance online. These reviews allege that the company is a scam and that it has failed to deliver on its promises.
Feedback About Their Trading
Some clients have complained that Pair Finance’s trading platform is buggy and unreliable. Others have said that the company’s customer service is poor and unresponsive.
Feedback About Their Customer Service
A number of clients have complained that Pair Finance’s customer service is poor and unresponsive. Some clients have said that they have been unable to get in touch with the company’s customer service team at all.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Pair Finance or another cryptocurrency company, there are a number of things you can do:
- Report the scam to the authorities.
- File a complaint with the Financial Ombudsman Service (FOS).
- Contact your bank or credit card company to dispute the charges.
- Get help from a financial advisor.
If you think you need a quick solution, contact us. We will help you by providing you with a free consultation call and some service recommendations to help you recover the lost funds.
Final Thought
Pair Finance is a high-risk investment and should be avoided. There are a number of red flags that suggest that the company is a scam. If you are considering investing with Pair Finance, we urge you to reconsider.
