Company Review of PearlFX: Seeking the Truth
Financial trading is a risky field. The probability of losing all your funds in this sphere is quite high, especially in case of choosing the wrong broker. Let’s analyze the activities of the company PearlFX, which is engaged in brokerage services for stock trading and investments. Will we encounter a reliable partner, or are negative scenarios waiting for us?
Introductory Information about PearlFX
Upon the first visit to the website pearlfx.net, it becomes obvious that we are dealing with a rather modest project. Visually, the broker’s platform looks indistinguishable from a typical landing page and does not attract attention with its originality.
Despite the claimed work experience of the company since 2009, which implies cooperation with clients from more than 80 countries and the daily conclusion of about 26 thousand deals, this turns out to be nothing but a myth. This domain was registered only in March 2021, contradicting the claimed 9-year tenure. Moreover, online reviews indicate that the company is just starting its journey and does not have a large number of clients.
The portal is visited by a very limited number of unique users daily, around 70 people, which makes it impossible to conclude 26,000 deals a day.
The absence of links to social media accounts on the website indicates that the company indeed does not have official pages. The listed addresses of offices in Russia and Switzerland raise doubts, considering the unreliable information about the company in general.
By not disclosing the broker’s location, most likely to conceal their real intentions, PearlFX complicates the process of verifying its activities. Necessary documents are not provided, casting serious doubts on the company’s integrity.
Legal Status and Documentation of the Company
The website lacks information on the company’s registration, founders, and financial regulators, making it difficult to verify its legitimacy. However, considering the services provided in Russia, a license from the Central Bank is required. In the case of PearlFX, no official license has been found; on the contrary, the Central Bank of Russia has included the company in the list of organizations with potential signs of illegal activities.
The Central Bank compiles its list based on public complaints and its own monitoring, including all organizations suspected of fraud. However, the process of blocking the sites of scammers may take a long time, which offenders like PearlFX exploit to deceive trusting clients.
Conditions for Traders and Investors
Initially, PearlFX appears to be a typical broker offering various account types, an online trading platform, a variety of assets, and a high leverage. However, besides trading, the company actively promotes investment products. While this information is not present on the website, references to investing can be found in the FAQ section, albeit lacking detailed information.
Apparently, the company aims to attract more clients, promising both active income from trading and passive income through investment.
Internet Reviews of PearlFX
There are almost no positive reviews of PearlFX, clearly indicating the broker’s negative reputation. Incidents of deception by PearlFX have gained wide recognition due to several reviews.
Be cautious and do not fall for PearlFX’s tricks to avoid becoming a victim of scammers.
Methods of Client Deception by PearlFX
As a broker also providing investment services, PearlFX likely employs various fraudulent schemes. The first step is a polite call from a manager. The scammers’ phone number, 74951452893, is already known from reviews complaining about intrusive offers of financial services. The scammers’ knowledge of the subscriber’s name indicates the possession of confidential data.
The scammers suggest opening an account, depositing funds, and engaging in trading or investing, promising high profitability and investment security. However, all trading operations and investments turn out to be mere illusions, and the client is deprived of their money, later facing account blockages and numerous excuses from the scammers.
It is also essential to exercise extreme caution when requested to provide passport scans and selfies, as this could lead to serious repercussions and abuses.
Conclusion: Why PearlFX is Unworthy of Trust
It can be clearly stated that PearlFX is a fraudulent project. The platform lacks mandatory documents, information about the company’s legitimacy is hidden, and the presence of negative reviews further confirms suspicions. It is easy to infer that PearlFX is a sham structure with which one should not engage.
I am utterly dissatisfied with PearlFX’s service as their performance has been subpar and their response to customer inquiries and complaints has been unacceptably slow and unprofessional.