As a self proclaimed ultimate hybrid trading platform for real traders, the Pullix scam is only regulated by loose offshore legislation. That means little in terms of proper fund safety and transparent trading conditions.
Nonetheless, this suspicious website still claims to be able to provide a world-class trading environment and conditions. Read why we have strong reasons not to agree in the following Pullix review.
| Regulated by: | MISA (Mwali) |
| Is This Company Safe? | Despite some regulation, safety on this platform isn’t guaranteed. |
| Known Websites: | pullix.io |
| Have Warnings from: | N/A |
| Registered in: | Mwali |
| Operating since: | 2023 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | 1:1000 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | 25% |
| Trading Assets: | Forex, Crypto, Commodities, Indices |
| Free Demo Account: | No |
| How to Withdraw from This Company? | This company may not allow withdrawals. Contact our legal team to start a fund recovery procedure. |
Hides Behind Worthless License
By having any license at all, even the most useless ones from loose regulators, gives false online financial services providers excuses to act as if they’re the safest investment environment in the world. There’s no doubt that Pullix Prime Trading LTD can be found in the regulatory database of MISA.
However, this means nothing when it comes to proper protection of funds, especially in the form of segregated bank accounts and risk-reducing measures. In addition, such firms don’t tend to enable compensation funds or display adequate transparency.
Deep Layered Deception
The company is trying to enforce an idea of a reliable business by posting various deceptive Pullix reviews. The deception is further exacerbated by the fact that these misleading articles were posted on relevant platforms.
So far, there have been at least two of these on CoinMarketCap, as well as another one on Nasdaq news. By using these media outlets, the fraudulent group tries to present their brand as successful. In reality, though, anyone can make a blog post or two.
The fakery doesn’t end there, as the firm spams bogus ratings on TrustPilot. Still, around 40% of all ratings are negative, and Reddit users have also posted numerous complaints on the forum as well.
Well Developed Pump and Dump
The pullix.io website predates the company’s date of incorporation by more than a month. It was launched in November 2023, targeting people from these nations:
- United States
- Brazil
- Spain
- Netherlands
- Germany
The Pullix crypto scheme uses fake articles, but that’s only the beginning. They also operate Instagram, X, TikTok, YouTube and CrunchBase to reach a large consumer base.
Boiler room agents of the fraud shill the service on Discord and Telegram channels to unwary investors. The con itself functions as a Pump and Dump, making ICOs of worthless altcoins and tokens at a greatly inflated price.
The market price eventually drops, leaving investors stuck with useless assets. If you’ve invested any funds with a con scheme like this one or Cryptic Investment, contact our recovery experts.
Not All Fees Are Known
Without revealing the entirety of the company’s services costs, the website promotes the high Pullix leverage of 1:1000. This ratio is another proof of the platform not operating legally or under the strict regulatory conditions enforced by leading authorities.
Some spreads on particular instruments are revealed, but they’re simply too good to be true. For instance, the majority of FX spreads are around 0 pips which is simply impossible. At that, trading commission, as well as other costs are left hidden.
Welcome Bonus and Other Promotions
An instant, 25% bonus incentive is available as soon as clients register a new Pullix login and make their first deposit. There’s also a whole range of small rewards, which users unlock by completing daily tasks and challenges.
Lastly, those most diligently helping the growth of the Ponzi affair can enter the monthly $100,000 prize pool. RFTLTD.com is known as a portal promoting bonuses only to prevent withdrawals afterwards.
Shamefully Poor Trading Environment
Don’t expect to find proprietary trading technology on this shabby website. The only Pullix app available is the rudimentary web app with only one account type offered for purchase. The choice of assets is nothing breathtaking either, so let’s have a look at that.
Good Ole Bogus Web App
Overly simplistic and cheap-looking trading software promoted by the company doesn’t serve as a reliable technological solution for online trading. Described as especially helpful towards beginners, comprehensive and user-friendly, it creates an illusion of reliability.
In addition, the holy grail of progressive solutions remains just a distant promise as Pullix MT5 is allegedly yet to be implemented.
Selection of Trading Instruments
Pullix broker provides a relatively diverse set of trading instruments:
- Forex – EUR/USD, GBP/JPY, USD/CAD
- Cryptocurrencies – BTC/USD, ETH/USD, XRP/USD
- Indices – US500, UK100, GER30
- Commodities – XAU/USD, WTI Crude, Coffee, Corn
This is all just a side hustle, however, as the main con revolves around the Pullix token, PLX. On paper, its main purpose is to provide liquidity through staking. The price charts on CoinGecko and CoinPaprika show that the token keeps depreciating ever since launch, confirming a Pump and Dump.
Verification Takes Forever
First off, whoever wishes to become a member is immediately forced into opening a live trading account, as there’s no other options available. Secondly, even after repeatedly asking for the email confirmation code, we didn’t receive any. In such circumstances, our account was left unverified and we were locked out of the user zone.
Unspecified Withdrawal Conditions
The company makes only a passing mention of withdrawals, with no actual policy being put in place. The Terms and Conditions document is purposely vague, and never mentions any funding channels besides cryptocurrencies.
The company is adamant that it is not responsible for any mishaps during the deposit or withdrawal process. Safety of transactions is the client’s own responsibility, and the broker will attempt to resolve issues at their own discretion.
Email Support Only
During the registration process, we’ve already figured out that the support doesn’t exactly do what it’s meant for. Having only email as a functioning communication channel suggests the company doesn’t really want to engage in dealing with customer complaints. Victims have figured out already that this email has been inactive for a while now.
Get Funds Back From Criminals!
We’ve already proven that investing in this campaign brings nothing but financial ruin, so please consider better regulated platforms to start your trading journey. In the meantime, if you consider yourself a victim of online fraud, we suggest you act quickly.
Our chargeback recovery team is here to help you analyze your situation, estimate the loss and act towards locating your capital and recovering it. Book a free consultation through our online chat agent.
FAQ Section
What is Pullix?
It is a fraudulent offshore firm that uses several deception strategies to squeeze the money out of their clients.
Is Pullix Legit?
While the company is arguably regulated, it has a license from an offshore jurisdiction known as a haven for fraudulent businesses. We cannot consider this firm legit.
Is Pullix a Good Investment Option?
No, this company is a scam. If you have invested with these con artists, contact our recovery team to have your funds reimbursed.
Source:
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