Is Pixpalpro Legit or Scam?
The evidence overwhelmingly points towards Pixpalpro being a scam. Here’s why:
- Unregulated: Pixpalpro lacks a valid license from any reputable financial authority. This means no regulatory oversight to protect your funds or ensure fair trading practices.
- False Licenses: The broker claims licenses from the UK FCA and Belize IFSC, both demonstrably false. Such fabrications are a hallmark of scam operations.
- Regulatory Warnings: Multiple European regulators, including the FCA, have issued official warnings against Pixpalpro, highlighting its fraudulent nature.
- Negative Reviews: Scammed traders share their experiences online, citing withdrawal issues, hidden fees, and manipulative tactics.
Company Overview
Regulated by: | No Regulation |
Scammer’s Websites: | |
Blacklisted as a Scam by: | FCA, Bank of Russia, ASF, CMVM, AFM, CONSOB |
Owner: | Pix Point Consulting LTD |
Headquarters Country: | UK |
Foundation year: | 2022 |
Supported Platforms: | WebTrader |
Minimum Deposit: | 500 $ |
Cryptocurrencies: | No |
Types of Assets: | Forex, Indices, Commodities, Shares |
Maximum Leverage: | 1:500 |
Free Demo Account: | No |
Accepts US clients: | No |
Site Grid: | N/A |
Services or Products
Pixpalpro offers a range of trading instruments, including forex, indices, commodities, and shares. However, the legitimacy of these offerings is questionable due to the broker’s lack of regulation.
If you have lost money to companies like Rapidpayz, or Pegasusdex; please report it to us on our report a scam form.
Trading Platform & Leverages
Pixpalpro provides a basic web-based platform with a PC app and a mobile app. It lacks advanced features and tools commonly found in reputable platforms like MT4 or MT5.
The broker offers leverage of up to 1:500, which is excessively high and illegal for retail traders in most regulated markets. Such high leverage can lead to significant financial losses.
Spreads and Cost of Trading
Pixpalpro advertises tight spreads and zero commissions. However, reviews suggest hidden fees and manipulated spreads, making trading costs unpredictable and potentially high.
License and Regulations
Pixpalpro is not licensed by any reputable financial authority. This lack of regulation is a major red flag and poses significant risks to traders:
- No protection: Your funds are not protected by any compensation scheme in case of fraud or insolvency.
- Unfair practices: The broker can manipulate prices and engage in other unfair practices without legal repercussions.
- Limited recourse: If you encounter problems, you have limited legal options to recover your losses.
Legal Warning Against Pixpalpro
Several financial regulators have issued warnings against Pixpalpro, including:
- UK Financial Conduct Authority (FCA)
- Italian CONSOB
- Romanian ASF
- Dutch AFM
- Portuguese CMVM
- Bank of Russia
These warnings highlight the serious legal and financial risks associated with trading with Pixpalpro.
Deposit and Withdrawal Methods
Pixpalpro accepts deposits via credit/debit cards and cryptocurrencies. However, withdrawal processes are often unclear and riddled with issues, as reported by former users.
Pixpalpro Pros and Cons
Pros | Cons |
Wide range of trading instruments | Unregulated broker |
Web-based platform with mobile app | High leverage (illegal in most jurisdictions) |
| Â | Hidden fees and manipulated spreads reported |
Why Dealing With An Unlicensed Broker Is Risky?
Trading with an unlicensed broker like Pixpalpro exposes you to numerous risks:
- Financial loss: High leverage and potential manipulation can lead to significant financial losses.
- Fraud: Unregulated brokers have a higher risk of engaging in fraudulent activities, such as stealing your funds.
- Unfair practices: The broker can manipulate prices, refuse withdrawals, and engage in other unfair practices with impunity.
- Limited legal recourse: If you encounter problems, you have limited legal options to recover your losses.
Client Feedback
Numerous online reviews detail negative experiences with Pixpalpro, highlighting issues like withdrawal difficulties, hidden fees, and unresponsive customer support.
How Can “Reviews Advice” Help You If You Get Scammed?
Unfortunately, recovering funds lost to a scam broker like Pixpalpro can be challenging. However, “ReviewsAdvice” can help you:
- Gather evidence: Document your interactions with the broker, including screenshots and emails.
- Report the scam: File complaints with relevant authorities and financial regulators.
- Seek legal advice: Consult a lawyer specializing in financial fraud for potential legal options.
Also, our recovery service recommendations through our free consultation call can help you in recovering the lost funds or you can report to us today by the below form.
