We recommend everyone who has come across the official website of this broker online and is considering using its trading offers to read our Pentoventures review. Are you intrigued by the experience of the professionals who founded the company or by its high-tech trading platform? Or perhaps the training offers and promises of support from the firm’s experienced staff in real trading have caught your attention? Forget about it! What you have here is nothing but a scam, with only one possible outcome: complete loss of your investment. Don’t believe it? Keep reading, as we present solid arguments below.
Key Features
- Company Name: Pentoventures
- Website: https://pentoventures.com/
- Available Contacts: +442039294498, +442039286392
- Foundation: 2024
- Services: Forex/CFD trading
- License: None
- Initial Deposit: €10,000
From Sign-Up to Payout
The official Pentoventures website might seem like a full-fledged information resource to some. However, an experienced user would immediately recognize it as a cheap attempt that could belong only to scammers. The impression left by its pages makes this clear:
- Even the homepage lacks not only substantial information but also promotional materials. After viewing it, it seems as though the developers lacked the creativity to even say a few good words about the broker.
- The other pages are just plain texts with no formatting at all. What services can a company offer if it can’t even describe them properly? We’re confident it has nothing to offer. We’re also confident that the promises won’t be fulfilled in the personal account. After all, developers with no creativity couldn’t add anything new to a basic template.
Our suspicions are only confirmed by the inability to register independently. To complete the form, a referral code is required. Since none of our acquaintances are reckless enough to open an account with Pentoventures, we don’t have access to this code. In short, only those with a personal invitation from the company representatives can create an account. This is, without a doubt, the most transparent approach we’ve ever seen.
You’re welcome to browse this poorly-made site yourself. We’re sure you’ll find even more flaws. For us, one look at this so-called site of a so-called company was enough to confirm we’re dealing with a scam.
Our Trading Experience With Pentoventures
Despite Pentoventures’ claims of a super-innovative, comfortable, and ultra-fast trading platform, this software is far from ideal for financial market trading. Yes, its appearance might impress, and yes, it offers a multi-chart mode, which is already an achievement for scammers like this broker.
However, the platform has far more drawbacks than advantages:
- An inconvenient market overview (trading instrument list) layout with no way to show only the assets the trader needs. As a result, selecting the correct ticker can take extra time when making a trade.
- A limited set of graphical objects (only four) for market analysis, which means users may need to revise many trading systems, often sacrificing precision.
- No option to connect trading robots or add custom indicators.
Moreover, there are no tools for creating them in the platform.
It’s also worth mentioning that Pentoventures is deceitful in claiming this software as its own development. We’re familiar with this platform; it was created by Easy Technologies. It’s widely used by scam brokers and receives low ratings from traders. The main reason for this is the ability of administrators to interfere with the server modules and “adjust” the flow of quotes as desired. So, how can we talk about fair trading?
Getting an understanding of the broker’s trading conditions before account registration is impossible. The account types page lists as many as seven standard accounts plus one Islamic (swap-free) account with minimum deposits ranging from 10,000 to €1,000,000. However, there’s no mention of trade sizes, spreads, swaps, or leverage. After all, who needs those little details? The trader can just check them in the terminal.
However, offers such as market reviews, access to webinars and e-books, a personal assistant, etc., might appeal to beginners. Since they make up most of Pentoventures’ clients, the broker replaced useful account information with such nonsense. Particularly impressive are perks like access to the Trader Room (whose address no one knows) or one risk-free trade for account holders with a minimum deposit of one million euros.
The Reality Check
The strongest argument proving this broker is a scam comes from analyzing its official details. Pentoventures made our job easy by not providing any data — no registration date, no company location, and no broker licenses or regulators who issued them. It seems they didn’t even try to pretend to be a legitimate company. Instead, they lure clients with the promise of earning millions in a few days.
We immediately believed this pseudo-company had no registration. However, verifying this fact wouldn’t hurt, so we checked the OpenCorporates registry, which holds records of over 200 million companies from most countries worldwide.
A search in the database returned no results. Of course, not every existing firm is listed in OpenCorporates’ database. However, we are confident that this virtual company is not officially registered in any jurisdiction.
As a result:
- The broker executes all client orders independently, as it cannot access liquidity from large providers. More accurately, it simulates this action, lacking the ability to organize actual trading.
- Traders are provided quotes from an unknown source, as electronic trading providers do not supply data to unregistered users.
- There’s no guarantee of client funds being stored safely, let alone on segregated bank accounts, as Pentoventures claims. A virtual company cannot open corporate accounts in any bank.
Thus, this fake broker only imitates the trading process. It can easily send the desired figures to the terminal, while real money doesn’t even make it into client accounts.
Naturally, no financial regulator, even offshore, oversees the regulation and licensing of a non-existent company. Therefore, this firm is providing brokerage services illegally, with no protection for clients’ rights and interests. Who would want to trade under such conditions? Perhaps they may attract beginners who know nothing about financial markets, but we hope our publication helps prevent them from falling victim to fraud.
How Long Has Pentoventures Been in the Game?
As we mentioned earlier, there’s no point searching for historical information, including the founding date, on the Pentoventures website. However, this doesn’t mean we can’t figure out how long the broker has been around. We can easily determine this by looking at the domain registration date, which is available via the WHOIS service.
We see that the domain pentoventures.com, which hosts the site, was registered only on June 24, 2024. By the time we published this review, less than five months had passed since then. We were also intrigued by another date: the last update (November 7, 2024). Additionally, in the five months since the domain was registered, there are no snapshots of the site on Web Archive.
This indicates that the broker’s operations online began well after the registration date. This is confirmed by internet publications, the first of which are dated mid-September 2024. We can confidently state that this company has only been operational for a few weeks. Even a licensed company cannot build trader trust in such a short time. Imagine a platform that relies heavily on scamming methods.
Extra Fraud Indicators
We have already pointed out numerous scam indicators throughout our review of the broker’s various operations. Instead of repeating ourselves, we’d like to draw attention to Pentoventures reviews online.
For now, no comments about the company appear on specialized portals like Sitejabber or Trustpilot, which can be further confirmation of its brief existence. However, it would be wrong to say that this platform is entirely unknown on the internet.
A search brings up a few YouTube videos and Medium posts where the authors heap praise on Pentoventures. Unfortunately, it’s hard to understand what exactly impressed them about the company’s operations. All videos and texts are filled with vague enthusiasm, with no specific facts mentioned. It’s clear these reviews were commissioned and paid for by the firm itself, in an attempt to create a positive image.
There are also other videos and posts on industry sites where the authors analyze the company’s information and offers more objectively. The result is predictable — traders are advised to stay away from Pentoventures, and the broker is labeled as an ordinary scam.
Is Pentoventures the Right Fit?
Given the above, it’s not surprising that professionals have a negative perception of the broker. Our review of Pentoventures led us to the same conclusions: it is a pseudo-company with no registration, not even offshore licenses, concealing trading conditions, its history, payment details, and other vital information. It’s fair to assume that the project was created by scammers with the goal of seizing investors’ funds. Clients of this platform are at risk of losing their money. Therefore, the best option is to avoid doing business with this firm.
Never work with Pentoventures! They literally lure and deceive their clients! The website lists a minimum deposit, but I was told over the phone that $10,000 is required for profitable trading. When I deposited this amount, it turned out they also needed an additional $2,000 for some vague insurance and annual maintenance. This money was withdrawn immediately after receiving my initial deposit. I hadn’t even started trading, but I was already out $2,000! Once you’ve lost money, you start thinking that more deposits will help cover these losses. The manager then suggests trades that eat away a huge portion of your account, and when you start demanding your losses be covered by insurance, they simply block you and ignore all attempts to reach the company! This is not just a hypothetical scam scheme; this actually happened to me! Do not trust these scammers!!!
This ***** looted all my deposit. and profits.more than 15000.00 USD.