Pinprotrade Review
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Updated:
Reason to avoid: Offshore license
Listed Date: December 19, 2018
Top 3 Forex Brokers
Beware Pinprotrade is a Non-Regulated broker. It is NOT SAFE to trade.
Advertising Disclosure
Updated:
Reason to avoid: Offshore license
Listed Date: December 19, 2018
Beware Pinprotrade is a Non-Regulated broker. It is NOT SAFE to trade.
No, it is not safe to trade with Pinprotrade. Pinprotrade is an offshore broker registered in the Marshall Islands. The fact is that the Marshall Islands is an offshore zone, which does register the financial investment firm, but provides very poor if no requirements for the company operation.
🗺️ Registered in | Marshall Islands |
🗺️ Type of License | Offshore License |
🛡️ Is Pinprotrade safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Pinprotrade is an unregulated broker that offers to trade with Forex, Stocks, Bonds, Indices, and Commodities. The website services are provided by Pinnacle Strategies LTD., based in the Marshall Islands. Payment services are provided by Pinnacle Strategies Group LLP, based and registered in Edinburgh, Scotland.
Concluding all the above, we wouldn't recommend investing with Pinprotrade. Investing with a properly regulated broker is crucial for the safety of any investment. Here are some reliable regulators: UK’s FCA, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). Always make your own research before signing with a broker, and pick a tightly regulated broker such as FXTM and XM.
Based on our research, the Pinprotrade website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.
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