Pibexa is a long-lasting trading scam with several regulatory bans. Despite this, they still operate and encourage customers to invest.
Thanks to their offer of what appears to be favorable trading conditions and deposit bonuses, they hook inexperienced investors. Read our detailed Pibexa review to learn how to recognize trade fraud.
Also, we want to invite you to read our recently updated reviews of fraudulent brokers Cryptocycle, Coin Matrix, and AlphaPrime. Be careful with these brokers.
|Broker status:||Offshore Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||FCA, CNMV, CONSOB, FSMA, CMVM|
|Owned by:||Artosolution Ltd|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Minimum Deposit:||250 EUR|
|Cryptocurrencies:||Available – BTC, ETH, XRP|
|Types of Assets:||Forex, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
Are Traders’ Funds Safe With Pibexa?
Pibexa is an offshore brand of Artosolution Ltd, registered in Saint Vincent and the Grenadines in 2019. Ever since, the brokerage has provided its services without regulatory supervision.
Unlike legitimate firms, Pibexa doesn’t offer safety mechanisms, such as negative balance protection and keeping customers’ funds in segregated accounts.
Since the Terms and Conditions imply that issues should be resolved in front of the English courts, we’ve checked Tier1 regulators. Once we searched through the databases of the FCA, ASIC, BaFin, CNMV, and others, we found numerous warnings against the Pibexa scam.
Reasons Not to Trust an Unlicensed Broker
Unlicensed brokers don’t offer negative balance protection. They don’t keep clients’ funds in reputable banks, and they certainly don’t comply with regulatory regimes regarding trading terms.
All in all, unregulated brokers can vanish anytime. Since they’re offshore and virtually anonymous, legal actions are nearly impossible.
Is Pibexa a Legit Broker or a Scam?
Pibexa is not a legitimate trading brokerage. The firm is registered in Saint Vincent and the Grenadines and has no valid license. It has been blacklisted by several authorities, including the UK FCA and the Spanish CNMV.
Warning Issued By the National Securities Market Commission (CNMV)
The first regulator to issue an official warning was the Spanish CNMV. According to their notice, Pibexa provides unregulated financial services, including Forex trading and financial advising.
The warning was later republished in Italy, Belgium, and Portugal.
Finally, the UK FCA published its own warning, connecting the Pibexa broker to an address in Mexico, suspecting that the scheme was conducted in this country.
What Do Traders Think Of Pibexa?
Pibexa has a total of 74 reviews on Trustpilot, with 73 giving it one star. We will show you just one example.
“Don’t trade with this company. It’s fake, it’s scam. They made calls from fake telephone numbers, they are very kind with you, still you invest. But when came the witdrawal request, everything is changed. No money back, no calls, no emails. I lost 6800 EUR. Try to recovery. So, avoid Pibexa. They are a bunch of thieves.” – Trustpilot Customer
What Platform Does Pibexa Provide?
Pibexa offers only one trading platform, that being a proprietary WebTrader. First, we want to point out that proprietary software can never be safe. The broker can access your trades and funds, manipulate prices and make it seem as if you won or lost a lot.
If you believe what you see, you may be tempted to invest more and risk more.
Pibexa WebTrader is advertised as a unique trading solution with all the advanced functions. In reality, it’s a basic TradingView chart with several indicators.
Web-based tools are not as reliable as MetaTrader. With MT4 and MT5, clients have more TAs and more fund security.
In addition to a web platform, Pibexa offers a proprietary mobile app. It’s based on the same software, so it has no advanced features.
Both MetaTrader versions provide dedicated mobile apps with all the advanced functionalities.
Pibexa Account Type Benefits
Pibexa offers four account types.
As you can tell, each account brings slightly more benefits. Yet, we don’t believe you’ll get any, especially not a dedicated Mastercard for quicker withdrawals.
Pibexa – Countries Of Service
Pibexa trading scam is mainly active in:
For three years, this company has earned a negative reputation in all the countries in which it offered its illicit services.
Please remember the names of the Buffets Finance, Green Capitalz, and Finvis and stay away from them! Before investing, always check the history of online trading organizations!
Pibexa Range of Trading Markets
Customers can invest in two markets:
- Currency pairs – EUR/USD, GBP/AUD, CAD/SEK
- Cryptocurrencies – BTC, USDT, ETH
Other assets are not mentioned, and without a Demo account, we cannot confirm if anything else is available.
What Is Known About Pibexa’s Trading Conditions?
Pibexa broker didn’t disclose much about its trading conditions. We don’t know the leverage or the spread, which are the main trading terms.
Your funds are exposed to risk if you’re offered too high leverage. On the other hand, the spread will impact your trading costs. Legitimate firms have to be transparent about those, not Pibexa.
Trading Bonuses – Ways to Limit Withdrawals
Pibexa offers various bonuses up to 100%. While this may sound good, we can assure you it’s not.
The Bonus Policy indicates that you need to have a minimum trading volume of 30 times the deposit plus the bonus amount before being eligible for a withdrawal. If you try and withdraw your funds before reaching this amount, you’ll have to pay certain penalties.
Pibexa Minimum Deposit and Withdrawal Terms
Pibexa asks its customers for a standard minimum deposit of 250 EUR. This is a typical amount for financial swindlers and sort of their signature.
On the other hand, withdrawals have lots of limitations, including bonuses. The minimum withdrawal amount is $50 and the brokerage has up to 5 days to process the request.
Methods of Making a Deposit
The account can be funded using:
- Debit/credit card
- Wire transfer
The same methods are available for withdrawals as well.
Scammed by Pibexa Broker? – Let Us Hear Your Story
If you find yourself a victim of the Pibexa scam, let us know. Our chargeback experts may be able to assist you with the recovery procedure.
Don’t let scammers run free. Book your free consultation today, and let’s begin!
But What Is A Chargeback?
This is a way for your bank to reverse the transaction and recover your funds. It’s applicable on card transactions up to 540 days. Since we have a time limit, let’s start now!