PixPal Pro - Experiences: Financial Supervisory Commission of Belize (FSC)
PixPal Pro implies that investors are provided with the best possible conditions to make fast and safe money when trading Contracts for Difference (CFD) on Forex, commodities, indices and stocks. But at Pixpal, it's all investment fraud. Not a cent has been invested. Nothing is traded on Pixpalpro.com. The money has landed right away in the pockets of the investment scammers. Everything that the investor sees on his screen serves to mislead. Have you had similar experiences? What help is there for investment fraud? How does the investor get his money back from dubious providers? What can investors do who have been defrauded by Pixpal?
PixPal Pro: Promises on Pixpalpro.com are dubious!
What do the dumbfounded visitors read on www.Pixpalpro.com? They could see for themselves that the website Pixpalpro.com makes a very professional impression. A direct approach, supposedly interesting offers as well as the reference to support by the employees (brokers), should lead to a convincing yield and profits. All this seems very convincing. As an unsuspecting investor, you are not in a position to realize that you are merely being played a game and not a cent of your money is being invested. All the money ends up right in the pockets of the perpetrators, who of course do not trade with the investors' money either. Unfortunately, these disturbing business practices tend to make for unhappy investors and miserable experiences!
PixPal Pro: Who is behind it?
The Pixpal site does not contain a revealing imprint, which should prevent the perpetrators from being too easy to identify. Also, the domain data of the website Pixpalpro.com does not contain any hint of who once registered it, but only that the registration was done on 29.09.2022 at the Internet Domain Services BS Corp. and that the real domain owners are only anonymous. In this context, it is important to realize that the perpetrators often operate different websites on which they offer their fraudulent business model. There are indications that the websites Capital Group (capital-group.ltd), Zenith Investment Partners (zenith-invests.com), and EvoCrypto (evocrypto.io) could also originate from the same platform. We found some entanglements here and to a fraudulent platform called RCE Banque (rcebanque.org), which has already victimized many investors.
But who is now the operator of this construct?
Besides the obligatory support E-Mail address support@Pixpalpro.com, the telephone number +44 2070978277 with British country code on Pixpalpro.com is presented to potenziellen plant prospective customers, which does not permit however any conclusions on the operators of the platform. But with our research tools, our investigation team succeeded in tracking down the investment scammers. This is because they leave behind indicative traces with each of their web presences, which now need to be correctly interpreted and evaluated. Our analyses have already begun.
PixPal Pro: International searches
The worldwide search for Pixpal in the relevant registers leads to no results. The Pixpal is a fantasy product. On the website Pixpoint Consulting Ltd. from England is listed as the operating company, this company is supposed to be located on the 3rd Floor, Paternoster House, 65 St. Paul's Churchyard, EC4M 8AB London, and the company registration number is supposed to be 09999724. So far so good. There is such a company entry in the corresponding commercial register, but this - mind you legally acting - Pixpoint Consulting Ltd. is not responsible for the web content on Pixpalpro.com. Your data is misused in this context, a clear case of identity misuse. Especially since the real Pixpoint Consulting Ltd. also appears with a completely different domain, namely pixpoint.co.uk!
PixPal Pro: Identity abuse
Furthermore, Pixpoint Consulting Ltd. itself points out in its web presence that fraudsters use its company name and address without authorization! Inappropriate is also the reference on the fraudulent Pixpal website Pixpalpro.com, that they do not offer services in the EU or the UK. What is the point of registering in London if you do not offer any services there - according to your statements? Here the Pixpal authors contradict themselves.
PixPal Pro: Track to Belize
But this is not enough. There is also a company from Belize named Pixpalpro.com, which is supposed to be the liquidity provider of Pixpal. The company is called FBS Markets Inc., address is 2118 Guava Street, Belize Belama Phase 1, Belize (according to our research the domain of this company is fbs.com). Such a company can be found in the company register of Belize, the registration number is 000102/310. Even if FBS Markets Inc. itself does not seem to be one hundred percent clean (despite registration in Belize and also in Cyprus), it remains questionable at this point whether it is actually to be included in the machinations of Pixpal, or whether the Pixpal makers again merely adorned themselves with other feathers, to appear in legal garb. The latter thesis would be supported by the fact that the Pixpal makers present an alleged license from Belize on their website, which is issued to Pixpal and not to FBS Markets Inc. The license is nothing more than a clumsy fake.
PixPal Pro: Open questions
And so it is not surprising that there are more inconsistencies that we came across in the course of our research. If you look at the Pixpal regulations - the small print - you ask yourself why there is suddenly talk about Pix Consulting Ltd., we remember: The company from London is called Pixpiont Consulting Ltd! And why is the address of this company no longer the British London, but The Old Cottage LonIsallt, Trearddur Bay, Holyhead, Gwynedd, LL65 2UU, which is in Wales? It is almost self-explanatory that we could not locate any trace of a company called Pixpal at the Welsh address. It is a bogus address.
PixPal Pro: In the sights of Belize's financial regulator
Unsurprisingly, Pixpal has already been targeted by the Financial Services Commission (FSC) of Belize. Thus, on Feb. 15, 2023, the latter warned: "WARNING, PIXPAL PRO (PIX CONSULTING LIMITED) - ... The company listed below is not licensed under the FSC Act to offer, provide, perform, operate, or hold itself out as providing, performing, or executing any of the International Financial Services as listed in the Schedule to the FSC Act within Belize. Members of the public doing business with this entity do so at their own risk.
Name of Person/Entity Address Other Information
PIXPAL PRO (PIX CONSULTING LIMITED)
2118, GUAVA STREET, BELAMA PHASE 1, BELIZE
The Entity is using and operating under a fraudulent license number: IFSC/000102/310 The promoters and/or owners of "PIXPAL PRO (PIX CONSULTING LIMITED)" are therefore directed to cease from engaging in the aforementioned unlicensed activities which constitute a criminal offense under the laws of Belize..."
PixPal Pro: Romanian Financial Supervisory Authority Warning
Also, the Romanian supervisory authority Autoretatea de supraveghere Financiara (ASF) already warned in the matter of Pixpal, this happened on 06.04.2023. It remains merely a matter of time until other regulatory institutions will also become aware of Pixpal and warn about its criminal activities.
RESCH Rechtsanwälte GmbH - Experience in Investor Protection since 1986
If you have become a victim of PixPal Pro and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.
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