Pioneer Markets Review – Beware of This Confirmed Scam Broker

Are Pioneer Scam Brokers Without A License?

Pioneer-Markets registration code 26146 BC 2021 Saint Vincent and the Grenadines is believed to own the Pioneer Markets broker. This number is actually owned by the well-respected Kamuflaz Markets. We reviewed Priority Markets earlier.

It is important to mention that the company is currently in pending cancellation, which means they are not authorized for new clients.

This owner is not good news for Pioneer Markets regulation, even if true. Why? We have already proven that their other brand was a fraud, and SVG does not have the authority to oversee Forex and CFD brokers.

They should choose to obtain a license in their country of service. Our search of the databases of the FCA and ASIC, BaFin and CNMV did not yield any results.

The broker also accepts residents from the EEA area without complying with ESMA or MiFID rules regarding transparency and safety measures like negative balance protection and leverage caps. This is evidence of bad business practices. Please let our team know if you have any questions about the brokerage.

Pioneer Markets is a new scam in the financial markets. This scam was first reported in September 2022. It has received many negative reviews about withdrawals.

Supported Trading Platforms: Available Trading Software

Pioneer Markets is a trading platform that can be used by all investors. After we created an account, we only saw one web-based software, and it was a very poor one.

This browser-based platform did not offer advanced features like trading bots and social trading systems. It only offered an economic calendar with a news section.

This isn’t a bad thing, but it’s nowhere near what you would get with advanced software like MetaTrader.

Is Pioneer Markets’ MT4 Platform available?

This broker does not offer access to third-party platforms like MT4,MT5, or CTrader. These platforms have proven to be reliable and stable. The advanced functionality of both MetaTrader versions has earned them millions of users, thanks to the customizable interface and many add-ons.

Each platform comes with a mobile app that allows you to invest from any device. Pioneer Markets login can only be accessed via a mobile web browser.

What can I trade with a broker?

Pioneer Markets Forex broker offers five major categories of trading instruments:

• Currency Pairs ( forex ) – EUR/USD/GBP/NOK/AUD/SEK
• Indices – DJIA, NASDAQ, NIKKEI 225
• Shares – Amazon, Apple and Alibaba
• Commodities Gold, Natural Gas and Wheat
• Cryptocurrencies – USDT, USDC, BNB

Pioneer Markets CFD Trading Details

CFDs, or contracts for difference, are used to trade all the assets mentioned. Investors can trade CFDs or contracts for difference instead of buying and holding the underlying asset.

This type of investing has many benefits, but there are also some disadvantages. Trading often involves leverage which can cause inexperienced investors to lose more capital. The risk of falling for unlicensed scams is higher.

Pioneer Markets Demo Account: Can I Trade for Free?

We were able to access the platform to evaluate it but we were not given a risk-free account. You will need to deposit money first if you wish to trade and test the platform. Scammers will not recommend this as they are likely to disappear with your entire deposit.

Many firms that are regulated offer access to Demo accounts so clients can make informed decisions. Swindlers, on the other hand are out there looking for victims and trapping them until they realize the lies and that there is no way to recover.

Scammer with Withdrawal Fees – Unable To Withdraw Funds

Pioneer Markets reviews reveal that this company is involved in a withdrawal fee fraud. Clients are required to pay upfront for taxes and withdrawal-related costs. Employees refuse to process requests until payment is received.

This is illegal and you should be aware. Brokerage firms cannot charge commissions or regulate taxes. Be wary if they ask you for money from your bank account or credit card after you have submitted a withdrawal request. This is part of the Pioneer Markets scam. This is the last attempt to extort money, before freezing your trading account and then disappearing.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

Pioneer Markets: Video

Below you will find a short video about Pioneer Markets. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Pioneer Markets!