Trade Pinnacle is a CFD broker whose domain was registered on May 4, 2024. The broker mainly offers investment services in forex, cryptocurrencies, indices, stocks, energy, and commodities. They do not provide services to countries or regions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on the Trade Pinnacle (tradepinnacle.live) website, this broker is regulated by the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). However, the website footer shows that the website is owned by PINNACLETRADE LTD, while the "About" page footer states it is owned by TRADEPINNACLE LTD.
Upon investigation, a company named PINNACLETRADE LTD can be found on the FCA’s official website, but it is not authorized by the FCA. The ASIC website shows no regulated company under the name "Trade Pinnacle."
Therefore, Trade Pinnacle (tradepinnacle.live) is essentially a fraud broker website with no legitimate company entity or regulatory oversight.
Account Opening Process
To open an account with Trade Pinnacle, visit their website, click on "Open Account" on the homepage or "SIGN UP" in the top right corner. Fill in your personal information such as name and email, set a password, and submit your application. Once verified, your account will be successfully registered.
Trading Instruments
Trade Pinnacle offers clients a variety of trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, diverse trading opportunities can be found and high leverage can enhance potential returns.
- Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to partake in the price fluctuations and dividends of public companies without actually holding shares.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Trade Pinnacle provides four types of investment plans: Basic account, Classic account, Platinum account, and Forex Signal Subscription.
Basic account:
- Minimum deposit: $500
- Minimum expected profit: $4,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
Classic account:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
Platinum account:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
Forex Signal Subscription:
- Professional Forex signals
- Up to 10 signals daily
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use any broker
Trading Platform
Trade Pinnacle claims to provide the MT4 trading platform, offering deep liquidity, leverage up to 1:500, and the best spreads in the industry. However, no broker named Trade Pinnacle exists on the MT4 platform.
Deposits and Withdrawals
Trade Pinnacle’s homepage claims to support deposits and withdrawals via debit card, wire transfer, e-check, or check deposit. However, their “FAQ” page states that they do not offer multiple deposit methods, including credit/debit cards and bank wire transfers, and only support cryptocurrency transactions.
Summary:
Traderknows reminds investors that Trade Pinnacle is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
