BrokerHiveX
PinnacleVest FXSuspected of fraud

PinnacleVest FX

1.58
Suspected of fraudAmerica
Time

1Year

Contact Information
Website
Industry Echelon

Basic Information

Company
Regulatory
Risk Monitor
Download
Documents
Country
America
Market Type
foreign exchange|Stock|Futures|CFD
Enterprise Type
Brokerage
Service
Provide trading services for a variety of financial products such as foreign exchange (Forex), contracts for difference (CFD), stocks, commodities, indices, etc.
Support Languages
Chinese, English
Domain Registration Date
2024-09-18
Business Status
Suspected of fraud

Company IntroductionWeb Analytics

Company Introduction

PinnacleVest FX claims to be a global forex and contracts for difference (CFD) broker, offering trading services across a wide range of asset classes, including forex, commodities, metals, indices, and cryptocurrencies. However, the company lacks transparency regarding its corporate registration and regulatory compliance, failing to publicly provide a valid regulatory license number or verifiable company background. Its official website primarily consists of marketing promotions, touting a "professional trading environment" and "low spread execution," but lacks any authoritative third-party endorsement. Overall, the platform presents significant uncertainty and risk.

🌐Global layout and brand background

PinnacleVest FX claims international service capabilities on its official website, but fails to disclose its specific headquarters address or reliable office locations. The so-called "global brand" appears more like marketing gimmickry than a genuine transnational financial operation. External databases have failed to identify any matching company registration information or regulatory compliance documents, suggesting a lack of transparency in its corporate background. It is highly likely a shell company established overseas that relies primarily on online marketing to attract retail investors.



💹Trading products and services

The platform claims to offer trading in foreign exchange currency pairs, precious metals, energy, indices, and popular cryptocurrencies. While its product line appears comprehensive, it lacks physical delivery capabilities and is presented solely as highly leveraged CFDs, magnifying investment risks. Some investor feedback indicates that PinnacleVest FX's spreads and commissions are inconsistent with official advertising, and some investors have even experienced slippage or difficulty closing positions, further raising questions about the reliability of its services.



💻Trading technology and platform experience

PinnacleVest FX's trading platform primarily relies on modified third-party software and lacks independent R&D capabilities. The interface and function descriptions displayed on its official website resemble common templated systems in the industry, failing to demonstrate its technological advantages. Some users have reported delayed execution, erratic quotes, and forced liquidations, raising concerns about the possibility of backend manipulation. This experience clearly contradicts the company's claims of "fast and stable execution."



🛡️Regulatory compliance and fund security

PinnacleVest FX is not overseen by any reputable regulatory bodies, such as the FCA, ASIC, or CySEC. Its official website lacks a valid regulatory ID or funds segregation documentation, making investor funds highly likely held within the platform's internal accounts, creating the risk of misappropriation or irrecoverable losses. If the platform were to shut down or deny withdrawals, investors would face difficulties in pursuing legal action. This lack of oversight and safeguards makes the platform a high-risk investment.



⚡Trading conditions and experience

The low spreads, high leverage (up to 1:500), and fast execution advertised on the official website are mostly marketing gimmicks. In actual use, investors report wide spreads, frequent order delays, and difficulties in withdrawing funds. While high leverage may attract speculative investors, it also increases the risk of capital loss. PinnacleVest FX does not provide any reasonable risk control or protection mechanisms. The overall conditions lack transparency and credibility.



🎓Customer support and value-added services

PinnacleVest FX's customer service channels are limited, primarily through online chat and email, with no phone support or local customer service. Some users report slow responses and evasive responses, particularly when it comes to withdrawal issues. The so-called educational resources and market analysis are often vague and lack substantive value, serving only to bolster the company's "professionalism." The overall customer experience is negative, failing to meet basic investor needs.



⚠️Risk Warning and Platform Positioning

Forex and CFD trading are inherently high-risk investments, and PinnacleVest FX's lack of compliance and fund security further amplifies these risks. The platform fails to clearly warn investors of the potential for financial losses in its risk disclosures. Rather than providing a truly stable trading service, it relies on high leverage and deceptive advertising to attract deposits. Once investors invest, they are vulnerable to being unable to withdraw funds and potentially losing them.



🔍Comprehensive analysis and evaluation

Overall, PinnacleVest FX's main issues include: opaque corporate background, lack of authoritative oversight, unreliable trading environment, lack of client fund protection, and difficulty in withdrawing funds. Although its official website portrays itself as an "international platform," its compliance and user feedback suggest it is more akin to a high-risk, unregulated broker. Investors should exercise caution when considering PinnacleVest FX, as it is not trustworthy.

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Selected Enterprise Evaluation

2.25

Total 4 comments
****
1.00
PinnacleVest FX turned out to be a complete scam. After depositing, I was unable to withdraw any funds. Support kept asking for more documents and even additional deposits. Stay away from this broker at all costs.

Reply

bl***51
@****

When the platform froze my withdrawals, I initially hoped it was just a technical issue—but soon realised I had fallen victim to a scam. Mrs. Doris Ashley came highly recommended, and from our first interaction, she was transparent, professional, and responsive. Within 72 hours, she successfully recovered my funds—delivering exactly what she promised, with no false assurances. Email: (dorisashley71 (@) gmail. c 0 m ) WhatsApps:+1 (404) .-721 . -56 .-08 She’s the only one I personally trust when it comes to financial recovery. Stay safe and protect your money

Reply

****
2.00
The website looks professional, but the trading conditions are misleading. Spreads were much higher than advertised and trades often froze. I managed to withdraw once, but later my account was locked without explanation. Very risky broker.

Reply

bl***51
@****

When the platform froze my withdrawals, I initially hoped it was just a technical issue—but soon realised I had fallen victim to a scam. Mrs. Doris Ashley came highly recommended, and from our first interaction, she was transparent, professional, and responsive. Within 72 hours, she successfully recovered my funds—delivering exactly what she promised, with no false assurances. Email: (dorisashley71 (@) gM..ail. c 0 m ) WhatsApps:+1 (404) .-721 . -56 .-08She’s the only one I personally trust when it comes to financial recovery. Stay safe and protect your money

Reply

bl***51
5.00
I was unfortunately targeted by an online investment scam after investing more than $2M based on promised high returns. When I attempted to withdraw funds, my account was frozen, and the platform demanded additional “verification” payments—an immediate red flag I later worked with an asset-recovery professional who helped me recover a portion of the lost funds (about $450,000). While experiences and outcomes differ, I appreciated the support throughout the process. This incident highlights the importance of strong cybersecurity awareness: Email: (dorisashley71 (@) gmail. com ) or via WhatsApp at +1 .- (404) 721 56 08.) always verify platform legitimacy, conduct independent research before investing, and be cautious of platforms requiring unexpected payments for withdrawals. Staying informed is crucial to protecting your financial assets in the digital space.

Reply

****
1.00
Warning: Do not trust this broker — it’s a scam! I was scammed out of €22,000. My account was suddenly frozen, and I was accused of suspicious activity. They kept demanding more money from me, claiming it was necessary to release my deposit. It was a complete trap. Thankfully, I found a review about Mrs. Morris Meihua, and she turned things around. She helped me recover my lost funds. If you’ve fallen victim to a similar scam, I highly recommend contacting her through the details below:
Email: m o r r i s m e i h u a 5 @ g m a i l . c o m
WhatsApp💬+1 (262) 672-0690 Don't lose hope — help is out there.

Reply

~ There's nothing more ~

About PinnacleVest FX's questions

01

Ask:Is PinnacleVest FX regulated by a financial regulator?

Answer:No. PinnacleVest FX is not accredited by any reputable regulatory bodies (such as the UK FCA, Australia ASIC, or Cyprus CySEC), and its official website does not disclose a valid regulatory number. This means that investor funds lack legal and compliance protections, making it difficult to protect rights if issues arise.

02

Ask:Can I withdraw funds smoothly after depositing funds at PinnacleVest FX?

Answer:According to multiple sources, the platform's withdrawal process is plagued by significant obstacles. Investors are often asked to submit additional documentation or add funds, and some even experience account freezes and prolonged delays in withdrawal processing. This is a common risk characteristic of unregulated platforms.

03

Ask:Are the high leverage and low spreads advertised by PinnacleVest FX real?

Answer:The official website's promotional claims of "low spreads, high leverage, and fast execution" are largely mere marketing slogans. In practice, investors report widespread experience with wide spreads, severe slippage, transaction delays, and even suspicions of back-end manipulation. Trading conditions clearly differ from the advertised conditions, making it difficult to guarantee a genuine and fair trading environment.