pibexa review

Read our Pibexa review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a Pibexa.com review. Also there are a few websites there promoting Pibexa so please do not fall for them, they have sponsored reviews.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So Pibexa is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about Pibexa in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

Pibexa Review Conclusions

Making the Pibexa review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Pibexa review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected].
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

etoro

25 COMMENTS

  1. Pibexa kept and traded my 500 pounds even when I could not sign the dod notice they needed to start. I tried several times to communicate that I was to ill to take phone calls or access a computer I could sign on. Now they are saying I cannot get my money back unless I have signed there declaration . My bank would not help. Can you give me advise. Miss M Burns

  2. I was deceived into depositing money for a trading company (Pibexa) that is not regulated and they refuse to process my withdrawal after multiple follow ups and calling (their policy says payments for withdrawals occurs within 5 days its been couple of months). I asked my bank to process a chargebacks for the following transactions to them and still waiting on:

    1. 6/09 Elite Online Palma De Mall Es -235.88
    2. 6/22 Elite Online Palma De Mall Es -656.60

    The investment advisor i was dealing with was Sophie Bell and the senior broker on my account was Stanley Clark.

  3. I depositied £228 after a very fast, high pressure call. I have requested withdrawals on 7 occasions and my “financial advisor” called me and was very curt and angry saying that if it wasn’t possible to withdraw cash until 30th Sptember as he had deals going on. He is now not responding to my emails. His name is Mark Lanegan and he originally promised, by phone that it would only take 5 days at any time from request for the cash to be back in my bank

  4. MARK LANEGAN IS A CROOK I HAVE 34025 EURO ON MY A/C HE WONT RELEASE IT UNTIL I GIVE HIM 10000EURO DO NOT DEAL WITH PIBEXA

  5. I have over 50,000 euro’s in my A/C with Pibexa they want a further 6,000 euro otherwise they won’t release it, I purchased 1 bitcoin through coin base and transfer it to pibexa through faster bank transfer and now bank said I can’t claim any charge back and to contact coin base anyone else who has been through this and any suggestions

  6. This company are scammers. Do not trust it.

    They have taken over £5k of my investment, and all the profits looked good. However, once I tried to withdraw my profits they stopped communicating with me, and I have not been able to get in touch since.

    Articles like this do not help, as they say the platform is real, however I suspect they may be part of the scam. They say people only complain because they lost money, but this is not true. We complain because they are scammers, who take your money and give you false hope.

  7. This company are scammers. Do not trust it.

    They have taken over £5k of my investment, and all the profits looked good. However, once I tried to withdraw my profits they stopped communicating with me, and I have not been able to get in touch since.

    They are very slick and even have a google app to convince you. Very pleasant traders, all very versed in convincing you to invest further. It is only when you try to take out a large sum that you realise they were scamming all along.

    I work for the NHS and do not have a great deal of money. I don’t know how they are able to sleep at night

  8. ONE BIG SCAM!!! invest money…trades seem to make good looking profits..so you invest MORE money..
    try and withdraw a single cent..you will end up with one big headache and np money
    these have robbed over 5000 euro off me…
    anyone closer to any types of ways to srart proccess to recoup our hard earned off these scumbags!!

  9. Pibexa is indeed a scam. It looks so real and you want to believe, but please do not give them your money.

    I work for the NHS and worked throughout the civil pandemic. The only benefit was I was able to final build up some savings for the first time in my life.

    I have lost over £5,000 to Pibexa which they hVe and will not return. They will keep giving you excuses for why the money cannot be returned. They hope you will just go away, and soon enough they stop responding.

    They do not cre what effect they have having on ordinary people. They are fraudsters who pray on the most vulnerable

  10. My older parents got scammed by this company. Unfortunately, without reading the reviews and general consensus on the company they ended up sending them around £200 upfront in order to receive ‘information’ about bitcoin trading. They found this dodgy about the company and that’s when I found out about this company of scammers who are trading unregulated. TL;DR : This is not a legitimate trading company. They will ask for money, aggressively try to get you to invest and when questioned on why they’re badly rated they claim it’s their competitors who are leaving these review (it’s not), please don’t be one of the many who now have to block cards in order to keep their money safe (as my parents had to). Reported to Action Fraud and FCA, reported the app on Google Play to be taken down. Thanks for reading.

  11. Complete Scam,they are all crooks and theives.
    Brad Stanley
    Stanley Clark
    Mark Lanegan
    If that’s there real names?
    If invested £15k,then another £15k in fees as that was asked before i could withdraw any funds.
    I never received anything they said it went missing via coinbase.
    I have reported them to the Police Action Fraud, FCA and my banks.
    Hopefully they can get them Closed down.

  12. Hi, THIEVES! I was made redundant last year when my company closed due to pandemic. Has anyone been able to get any money back at all? I gave them £1200 and have tried for months to have it returned. They said I would have to pay a further £600 to start the withdrawal and then it would be into a bitcoin account. When I said I could not afford £600 they suggested I borrow it from a friend. How do we shut these people down? How do we stop them taking anyone else’s money?
    Kind regards Tracy

  13. Completely fraudulent company. Don’t go anywhere near them. The Trading platform that looks so impressive is really just a toy and the transactions you think are making you profits are make believe. Invested nearly 43k of my pension fund and everything looked rosy until I asked to withdraw a small amount. They said I had to wait a further 6 months to withdraw any funds unless I paid them 14000 Euros up front.
    I finally saw the light and realised what an idiot I’d been. Felt such a fool. There had been several warning signs but I ignored them because I thought I was making big profits.
    I reported it to Action Fraud (police run website) and got a crime reference number from them. (Didn’t let on to Pibexa that I’d rumbled them.) Gave this to my bank and asked them if they could perform a chargeback. They said they’d try.
    The very next day I got a text from my previously helpful, all knowing personal manager Vicki Collins. “We need to talk” Large chargebacks like this cause their bank to lose trust in them and cause havoc with their cozy criminal banking operations. They can’t bank any foreign payments until the matter is resolved.
    For the next week I was bombarded with texts and phone calls from Pibexa insisting that I need to tell my bank to cancel the chargebacks. When I refused the requests turned to threats. Unbelievably my personal manager texted me “Things could turn ugly for you” “We know where you live and will tell your wife about this” (I hadn’t told my wife I had invested so much money in Pibexa). Bizarrely they even found some information about me on the internet and threatened to tell my fellow employees.
    I ignored all of these and prayed my bank would perform the chargebacks successfully.
    In total I made 6 international payments to them totalling 43k. The bank managed to claw back only one of those payments which was for 10.5k. They had closed their bank account and disappeared before they could process the rest.
    Please,everyone,don’t go anywhere near Pibexa.

  14. Mark Lanegan and Lexie Lawson, I don’t believe they are real people, I was with Pibexa since August last year, made a first deposit of 250, after 500e. They said they started to invest in bitcoin and in few months I had over 60k. They asked me to download Coinbase to get my earnings but asked me to deposit 3.5k before, stupidly I sent the money and has been one month that my withdrawal is in progress and nobody replies my emails, I feel so stupid.
    I’m a single mum and will be evicted, please someone help. [email protected]

  15. I fell for exactly the same thing. Ended up paying 43k before I realised it was one big con. They are very professional fraudsters.
    I asked my bank to do a chargeback on them. Out of a total of 7 payments to them the bank managed to recover 2 by chargeback before they realised what was happening and closed their bank account and moved on to another bank. This however did at least recover 15k. The outstanding 28k I am trying to get back via a no win, no fee claim with a decent solicitor. (If I do manage to get the rest back that will cost me 25% of whatever is recovered). The legal claim is surprisingly against my bank (not Pibexa) for not questioning such large unusual foreign payments leaving my account.
    You have no chance of getting anything back legally from Pibexa itself, all the addresses they give are for empty office apartments here, there and everywhere. Also, I found that pretty much all of these companies promising to recover funds for a fee are rip off merchants themselves.
    Good luck, Don

  16. I’m glad you were able to recover some of your money Don. Wish you best with the rest. I didn’t even try, since it was a smaller amount (4K) and the fees for recovery were high. But I still feel like a fool too for dealing with them. Leslie.

  17. Hi Emma,

    Could you tell me how, I’m so desperate I lost 4k and I’m unemployed single mum with 2 boys. I can’t sleep. My ex husband took the boys from me saying that I’m lying about the scam. Thank you.

  18. I contacted Emma about this and she gave me details of the company she said had helped recover her money.

    When I contacted them, the agent asked for £4,480 to recover my funds, half of which needed to be paid in advance. I obviously said I couldn’t do that, and asked if the could take payment from any funds they recover instead.

    They then offered to do the recovery for £2,100 + 10% commission. Again, the £2,100 was to be paid in advance.

    They say that this is to cover their outlay costs: ‘pertinent tools..’ to carry out the recovery.

    Needless to say I did not go ahead, as it does not sound real. The explanation for why they need an advance fee, and could not take their fee from recovery money is poor.

    I may be cynical, but this felt like someone trying to take advantage of people who are already desperate and vulnerable.

  19. I have had the same experience as most people on here and am disgusted that there are people on here taking advantage of the situation.
    Today I have had a Marvin from Pibexa on the phone .
    My balance is €7200 which I didn’t know I had cause I vowed not to deal with them and my balance was €93 when I last spoke to them 3 months ago.
    I told Marvin I wanted €4000 to prove they were genuine. He then said it would cost me €400 up front to get the funds.
    I’m not paying it so my balance can stay there

    Lesson learned

  20. I also had a bad experience with pibexa.com. My personal broker was named Mia Bolin and she has a heavy Russian or Slavic accent. I started to clue in that it was a scam when she started grinding me about getting the upgrade to a gold membership and that if I didn’t that she could no longer advise me. So anyways I’m a cancer patient who at the time was supposed to be starting treatment and I explained that to her and pibexa, and how I needed to withdraw my money then to be able to afford to start chemotherapy and radiation therapy. That was the last Iheard from her and never heard anything from pibexa at all. So having to start the treatment regardless I was completely distracted and just didn’t presu it any further.

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