Pix.Trade is a broker peddling endless opportunities at your fingertips. It claims that it will provide you with all the tools necessary for profit. However, before entrusting money to an unfamiliar company, you should make sure that this is not a scam. We will do it for you. Also, we will check the reviews and find out what real clients write about this broker.
- Pix.Trade General Information
- Registration and Client Portal Review
- Pix.Trade Trading Conditions
- Account Types
- Trading Platform
- Pix.Trade — Deposit and Withdrawal of Funds
- Additional Options
- Is Pix.Trade a Scam?
- Legal Information and License
- Pix.trade Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Pix.Trade General Information
|Phone Number||+97142783507, +447378466243|
|Address||58/F, International Commerce Center, Kowloon, Hong Kong|
|Leverage||Up to 1:300|
Registration and Client Portal Review
Dream big and achieve bigger. Isn’t that a beautiful slogan? It is how Pix.Trade greets its visitors. The official website generally makes a pleasant impression. It is designed in calm blue tones and works well. Meanwhile, what could be less here is self-promotion. On the main page, we are tired of reading about how successful and innovative this broker is. The most important thing is that most of these are just empty words. Another detail that attracted us was the presence of only English and Arabic. Apparently, this broker provides services to clients from certain countries.
Registration on the platform will not take much time from you. You can fill out a form with personal data in just one minute. Pix.Trade does not ask you to write something specific. There are enough of your first and last name and contacts. However, this worries us. We treat brokers poorly who do not verify the phone number and email address of the client. To make matters worse, Pix.Trade doesn’t have multi-factor authentication.
The Client Portal looks very minimalistic. There is a link to the trading terminal, and you can also download a desktop app. Customers will also have the opportunity to make changes to their profiles. There are separate tabs for depositing and withdrawing funds.
Pix.Trade Trading Conditions
Endless trading opportunities on closer acquaintances turned out to be the most common. There is nothing new about assets. Pix.Trade is a regular CFD broker. Let’s see in more detail what it can offer customers.
The broker has only 4 account types. They differ slightly in characteristics.
- Ultimate. The minimum deposit is $500. Spreads start at 1.8 pips. The leverage is 1:100. Signal alerts are also available.
- Standard. The deposit is 5 thousand dollars. There is increased leverage to 1:200. Spreads from 1.5 pips.
- Royale. You need to fund your account with at least 25 thousand dollars. At the same time, traders will receive spreads of 1 pip and leverage of 1:300. A personalized trading strategy and a trainer will be available.
- ECN. You need to fund your account with 100 thousand dollars. The leverage is 1 to 500. Pix.Trade will provide clients with this type of account with Premium alert signals.
There are a lot of strange things in the description of accounts. For example, the broker does not have a swap-free account. It is quite suspicious because the second language on the site is Arabic. Apparently, an Islamic account should be provided but no. Besides, the ECN account has too high leverage. It only says that Pix.Trade does not even send orders to the interbank market.
Nothing extraordinary is waiting for the traders when they launch the terminal. It is a standard web trader, which we are already pretty tired of. Seriously, for some reason, almost every fraudster uses this software. We don’t know what’s going on here. Perhaps it is not very expensive. Perhaps there is a hidden opportunity to manipulate quotes in it. Anyway, for some reason, scammers really love this platform. Although we cannot say that this is the best option for traders. The terminal is simple and without any special frills. The indicators are standard. Trading functions too.
Pix.Trade — Deposit and Withdrawal of Funds
Among the ways to deposit the Pix.Trade indicates bank cards, wire transfers, and cryptocurrency. The speed of crediting funds to the account directly depends on the payment system. Wire transfers take the longest. The money will be credited within 3-8 days. Meanwhile, the transfer from the card will be delivered instantly. Cryptocurrency transactions last on average 60 minutes.
The broker does not have deposit fees but there are commissions for withdrawals. And they are also different. For withdrawals to the card, they are fixed at $15. Wire transfer fees are 2.2%. And there is no exact value for cryptocurrencies.
Verification is standard and available in your Client Portal. Before conducting financial transactions, upload color copies of your documents. Pix.Trade will ask to prove an identity card and residential address. In some cases, the broker may also ask for a photo of the credit card or a bank statement.
There is a section with educational materials on the broker’s website. It contains several articles on the topic of investment and personal finance. This information may be useful for beginners. Experienced traders already know everything that is written there. There is not enough Internet content for them.
Also, Pix.Trade has an affiliate program. The number of referrals you can invite is not limited. You will get a reward for each one. However, the exact amount of this award is not specified.
Is Pix.Trade a Scam?
Pix.Trade is scattered with loud words. In fact, its proposals for traders look poor. Now we will check whether this company has the right to provide financial services to clients at all.
Legal Information and License
The company says little about itself. In the section where there should be a detailed description of Pix.Trade, there are only general meaningless phrases. Some information is available in the Terms and Conditions. According to this document, the Pix.Trade broker is managed by JVB TRADE LTD. This company is allegedly registered in Saint Vincent and the Grenadines.
Not the best choice. The supervisory authority of these islands, the FSA, does not control the activities of online brokers and dealing desks. It only gives them certificates of incorporation. And you know what? For Pix.Trade there is no such thing. JVB TRADE is an absolutely fictional company. It is not on the registry of Saint Vincent and the Grenadines. So this broker doesn’t even exist.
Pix.trade Domain Info
According to legend, the broker already serves thousands of users in 37 countries around the world. It seems that it should work for decades. And again, no, this is not the story of Pix.Trade. Reviews of this company first appeared in 2022 because that’s when this project appeared. Domain verification shows that the site was created on August 7, 2022.
The broker’s contacts are also fake. Just imagine a company with English and Arabic phone numbers, legal registration in Saint Vincent and the Grenadines, and an office in Hong Kong. Isn’t it funny? We got the impression that Pix.Trade got confused in its addresses.
Pros and Cons
- Additional services.
- High minimum deposit.
- No license.
- Fake company data.
- No legal registration.
- Questionable contacts.
- Too high leverage.
Frequently Asked Questions (FAQ)
The broker offers access to the CFD market. You can also earn additional funds if you participate in the broker’s affiliate program.
The minimum deposit according to the description of the broker’s trading accounts, is $500.
No, of course, it is not. You shouldn’t even think about it. Pix.Trade is an unregulated scam.