If you want to avoid becoming another victim of scammers, our Pexotera review is here to help. We’ll reveal whether this company has proper registration and licensing, assess the user-friendliness of its trading platform, and examine whether you should believe its promises of guidance in trading. More details on this scam broker are provided below.
Key Features
- Company Name: Pexotera
- Website: https://www.pexotera.com/
- Available Contacts: +442039294508, +442039294505
- Foundation: 2024
- Services: Forex/CFD trading
- License: None
- Initial Deposit: €10,000
From Sign-Up to Payout
Recently, the creators of scam brokers have become increasingly unscrupulous. It’s hardly surprising, given that fraudsters are no longer investing in resources to attract clients with genuine information. Consequently, they save time and effort on website development, resulting in poorly designed sites like Pexotera’s.
A closer look at the website leaves a rather dismal impression:
- Even on the main page, it’s clear that neither the design nor the content received any real effort. It appears as if the developers never intended to showcase the broker’s capabilities or advantages to visitors. After such a first impression, we’d be unlikely to return.
- The other pages are filled with dull text, lacking formatting, graphics, and substance. This may be one of the most uninspiring descriptions of services, markets, and additional features we’ve seen. Do you believe a company unable to properly describe its offerings or customize a basic template can provide high-quality service? We doubt it.
The company has made it easy for anyone who doesn’t wish to open an account with them. Registration isn’t possible independently. Apparently, only the broker’s staff can open an account for invited clients.
In fact, the registration form requires a referral code. Do you have friends who already have accounts with this broker? We don’t either. So, you can only get this code from support, but it is unlikely that anyone will be able to reach the phone numbers listed.
Impressive transparency with clients, and a truly friendly attitude! Still considering opening an account here? Let’s continue.
Our Trading Experience With Pexotera
The platform page (where developers managed to put in some effort) contains plenty of useless information on choosing the “right” terminal. It’s as if a real broker would give clients so many options.
There’s also praise for Pexotera’s own software, touting “industry-leading reliability,” “split-second order execution,” and the “best real-time deals.”
It sounds convincing — until you experience Pexotera’s terminal. We’ll say it bluntly: this is not the world’s best trading software, not even close. The interface may look solid, with support for multiple price charts, but its flaws are numerous:
- Choosing the right trading instrument from the list is no simple task (unless you know the ticker or have already marked it as a favorite). You’ll waste precious time scrolling through all available assets, which is a hassle for any fast-paced trading system.
- Used to analyzing charts with handy tools like regression channels or Gann fans? Forget it. Here, you won’t find them or many other useful tools, as the developers decided four basic options would suffice.
- Want to write your own indicator or add a custom trading module? You’ll need a different platform because Pexotera’s terminal lacks a programming language and API support. You’ll have to rely on standard analysis tools, which are limited in number.
The biggest revelation about this platform comes only once you start trading. Suddenly, your profitable trades bring in less than expected, while losses exceed predictions. What’s going on? Simple — the server administrator freely adjusts the price feed, and it’s not for your benefit. This is the “honest and transparent” trading they promise.
Furthermore, Pexotera’s claim of a “proprietary platform” is misleading. This software is developed by Easy Technologies and is popular mainly among scammers. We’ve yet to see a licensed, legitimate broker offering this terminal.
Want more unforgettable moments with this broker? Check out their account types page. It features seven pricing plans with initial deposits ranging from 10,000 to €1,000,000, as well as an Islamic (swap-free) account. But don’t expect any details like maximum leverage, spreads, commissions, or stop-order limits — they’re left out, as traders supposedly don’t need to know them.
Instead, Pexotera lists features designed to lure in inexperienced traders, such as access to webinars and e-books, personal account manager assistance, and market analysis. No one will tell these beginners that none of these promises will be fulfilled. However, you can try one risk-free trade (a great help to a millionaire depositor!) or attempt to locate their Trading Room — if you can find its address.
The Reality Check
Trading conditions aren’t the only thing Pexotera hides. Official company information is nowhere to be found on the site. No registered address, licensing information, or operational timeline is provided. And for good reason — analyzing these details would reveal it as a scam. But we’ll still try.
Since we don’t know the country where the company is registered (if it even is), we’ll attempt a search in OpenCorporates databases, which include information on over 220 million companies worldwide.
Among the 200+ million companies, we couldn’t find a single one named Pexotera. Of course, the broker’s name may not match the company’s actual name, and gathering data on all legal entities in all countries is probably unrealistic. However, we are confident that this broker is not officially registered anywhere. This means we’re dealing with a virtual company operating exclusively online, which implies:
- There are no real trades happening. This fake broker only simulates trading because it cannot establish real trading infrastructure. For example, no liquidity provider would sign a contract with an unregistered entity.
- The source of quote data on the trading terminal’s server is unknown, as providers (like Reuters) only connect registered legal entities to their electronic systems.
- Security for non-trading transactions and client fund storage is nonexistent. Payments are only accepted via crypto wallets or private bank accounts. Storing funds in segregated bank accounts is impossible because financial institutions do not open corporate accounts and cards for unregistered companies.
Naturally, no regulatory body would grant a license for brokerage/dealer activities to a website or a virtual company. This means that Pexotera operates illegally, and clients are neither protected by anyone nor anything. Does anyone still doubt that this is a scam?
How Long Has Pexotera Been in the Game?
It’s easy to check how long this broker has been in operation — just use the Whois service to look up the registration date of Pexotera’s domain.
The domain pexotera.com was registered on May 22, 2024. For a real, licensed broker, the half-year since registration is not enough to build trust among traders. However, for a scam project, which it undoubtedly is, this is a fairly lengthy existence, and the company may cease to exist at any time, taking all client funds with it.
Extra Fraud Indicators
We’ve provided sufficient evidence that this is a scam broker, but one more thing is worth mentioning.
There are plenty of paid positive reviews online. For instance, on reviews.io, Pexotera has about 50 posts, with an average rating of 4.6 out of 5. Can we trust reviews that praise unknown trading conditions or claim that a “licensed” (license unseen) broker is reliable and secure? Of course not — the company has clearly funded these reviews to create a more appealing image.
However, there are also plenty of more objective publications online. For example, experts on industry websites almost unanimously declare that Pexotera is a scam. Perhaps they could have been more lenient with the company, but the miserable website and complete lack of useful — and more importantly, essential — information have spoken for themselves.
Is Pexotera the Right Fit?
It’s almost laughable to think anyone would consider this broker regulated and trustworthy. In this review of Pexotera, we covered the essential issues: its unlicensed operations, opaque trading conditions, and inability to register an account. Add to this the paid online reviews and the use of cryptocurrencies for non-trading transactions, and the picture becomes complete. What do we see? A scam broker, where working with them guarantees a 100% chance of losing your funds. So, is it worth giving your money to fraudsters?
Everyone should know about scammers like this! It all started when I received a call from Pexotera, where the manager offered to invest in their project. I had the opportunity, so I decided to invest $25,000. However, the broker’s fraudulent activities became apparent when I tried to withdraw my profits. My withdrawal requests were rejected, regardless of the amount I tried. I contacted customer support multiple times, but they ignored me at first and later blocked all my access! Now, I’m trying to hold these scammers accountable.