The Vube / PinnacleFlow scheme shows clear signs of being a scam because it encourages people to buy its own PFIT token and invest through an unregulated app while falsely implying links to major financial institutions that do not actually endorse or work with it. Users report being able to deposit easily but struggling or failing to withdraw meaningful amounts, which is one of the strongest indicators of a fraudulent operation. Combined with the lack of FCA authorisation and the reliance on hype rather than transparency, the structure fits the pattern of a high-risk, likely fraudulent investment scheme.
Customer reviews have been turned off for this provider as they are not regulated by the FCA and are not allowed to provide financial services to UK customers. To check if a firm is authorised by the Financial Conduct Authority, you can: All firms offering financial services in the UK are required to be regulated by the FCA which is crucial in the UK for protecting consumers, ensuring financial market integrity, and promoting financial stability. The FCA helps prevent mis-selling, enforces laws against market abuse, and supports innovation while fostering competition. By setting and enforcing high standards, the Financial Conduct Authority maintains confidence and transparency in financial markets and protects clients’ money if a firm goes bust with the FSCS. You can find an alternative provider that is regulated by the FCA in the UK in our comparison tables, where you can also see our opinion and customer reviews from our annual awards.
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We have produced lots of guides about how to avoid financial scams in the UK. You can read a selection of them below. If you think you have been a victim of a financial scam you should report it to the FCA here. I’ve been saying for years that Meta, the owner of Facebook and Instagram, is knowingly profiting from fraudulent advertising, including fake investment ads that impersonate Britons are still losing millions of pounds to pension scams each year, despite tough new anti-fraud rules that have slowed transfers and frustrated savers. Fresh My Instagram feed is getting worse, litterally every other post is a trading scam advert. When browsing through Instagram it is completely evident that there One of the main issues with doing a large currency transfer is that it’s a one-off transaction that you probably haven’t done before, and you It has just been reported that around 20% of the trading volumes generated by some offshore CFD brokers are from copy trading. Which is an The FCA has highlighted the dangers of investment clone scams and has issued 29 new FCA warnings to unauthorised and clone firms in the last Scammers are smart and dedicated to getting their hands on your cash. Trading loss expert reviews scams are a particular danger to investors – and The FCA has finally done something about trading scams being promoted on Instagram. Emmanuel Nwanze who controlled the @holly_fxtrends Instagram account along with Holly Thompson We recently revealed from official police data that over £75m has been lost by UK investors to social media scams in one year. Find out We submitted a Freedom of Information request to the police and action fraud to find out the true losses of how bad reported investing and J.P. Morgan’s UK banking arm Chase UK will stop its customers from buying cryptocurrencies from next month. Chase UK will stop its customers buying cryptocurrencies A user has written in and asked: “Are Telegram BTC Ads legit?” So in this article, we are going to take a look at what It’s good to see the FCA finally showing their teeth and doing something about investing and trading scams on social media. Especially as Instagram has The FCA’s InvestSmart will aim to provide information for this new breed of young investors who are being encouraged to take on high-risk investments. A It’s certainly a step in the right direction but the FCA’s decision to ban cryptocurrency CFDs doesn’t go far enough to stop scammers. Britain’s financial Scammers have cloned the FCA Register on www.register-fca.org. Whenever we talk about financial investment scams, and we talk about them a lot, one of the We talk endlessly about CFD (contracts for difference) scams and how to avoid them. We’ve done surveys on what people do when they spot fake For a while now, scammers have been targetting the national press through fake news, unwitting journalists and press releases. This is perhaps the most dangerous Social media influencers are the least trusted to advertise financial products, with only 3% of those surveyed saying they trusted them. This is a relief A reader has asked: Which forex brokers offer a welcome bonus and won’t scam me? The quick answer is this, none. No decent broker will Bond Scams: One of the interesting things about running a website is that you can see via the analytics how people end up on it. If you’re worried that an investment ISA may be too good to true here’s our guide to spotting ISA scams Investment ISAs that advertise eye-catchingCustomer Reviews
The Importance of FCA Authorisation & Regulation
Alternatives
Investment Accounts
Trading Platforms
Money Transfers
Worried About Financial Scams?
Facebook & Instagram deliberately profiting from scam ads targeting UK consumers
Pension Scams: How To Spot, Avoid and Report Them
Instagram trading scams worse since Meta stopped fact-checking
How to avoid getting ripped off by rogue currency broker honeymoon exchange rates
Copy Trading: Scam or Legitimate Investment Opportunity?
FCA Warns on Investment Clones and Issues 29 Warnings in 7 days
Recovery Room Scams: The Dangers of Trusting Fake Reviews
FCA finally flexing and fining Finfluencers for promoting scams
How To Spot and Avoid Investment Scams
UK Investors Lose £75 Million To Financial Scams On Social Media
Another blow for cryptocurrency as Chase Bank UK bans crypto payments because of scams
Are BTC (Bitcoin) Telegram Signal Bots Ads a Scam?
TikTok is the new haven for forex, bitcoin and investment scammers
FCA’s InvestSmart aims to stop new investors being scammed by social media
The FCAs ban on Cryptocurrency derivatives won’t stop scammers
FCA Register Cloned By Scammers
CFD Scams – What are they and how to spot them
How can major media outlets still be hoodwinked into unwittingly promoting forex investment scams?
Scam Financial Advertising & Promotion Statistics (2020)
Which forex brokers offer a welcome bonus and won’t scam me?
Bond Scams: The rise of fixed income scams and how to avoid them
How To Spot & Avoid Investment ISA Scams