Paxful Financials is a cryptocurrency exchange that claims to offer a variety of services, including buying and selling cryptocurrencies, margin trading, and staking. However, there is growing evidence that Paxful Financials is a scam broker.
Company Overview
Paxful Financials is a relatively new company, founded in 2022. The company’s website claims that it is headquartered in the United Kingdom, but there is no evidence to support this claim. The company’s contact information is also fake.
Do Paxful Financials Have Any License?
No, Paxful Financials does not have any license to operate as a financial services company. The company is not registered with any regulatory authority, and it does not have any insurance to protect its customers.
Are Paxful Financials Regulated By Any Authority?
No, Paxful Financials is not regulated by any authority. The company is not a member of any self-regulatory organization, and it does not adhere to any trading standards.
Paxful Financials
Pros:
- The company offers a variety of cryptocurrencies to trade.
- The company offers margin trading with up to 100x leverage.
- The company offers staking rewards for certain cryptocurrencies.
Cons:
- The company is not licensed or regulated.
- The company has a history of complaints from customers.
- The company’s website is full of misleading information.
How Do Paxful Financials Reach To Their Prey?
Paxful Financials reaches its prey through a variety of ways, including:
- Online advertising: The company advertises its services on websites and social media platforms.
- Affiliate marketing: The company partners with other websites and social media influencers to promote its services.
- Cold calling: The company employs telemarketers to call potential customers and sell them its services.
Technical Details
Minimum Deposit:
The minimum deposit requirement for Paxful Financials is $100.
Trading Platform:
Paxful Financials uses a proprietary trading platform that is not very user-friendly. The platform is slow and has a lot of bugs.
Spread:
The spread on Paxful Financials is very high. This means that you will pay a lot of money in fees when you buy or sell cryptocurrencies on the platform.
Leverages:
They offer margin trading with up to 100x leverage. This means that you can control a large position with a small amount of money. However, leverage can also magnify your losses, so it is important to use it carefully.
Packages and Products They Offer
Paxful Financials offers a variety of packages and products, including:
- Beginner
- Intermediary
- Contract
- Enterprise
Withdrawal and Deposit Method
Paxful Financials supports a variety of withdrawal and deposit methods, including:
- Bank wire transfer
- Credit card
- Debit card
- eWallets
What Do Their Previous Traders Say?
There are many complaints about Paxful Financials online. Many people have reported that they have been scammed by the company. Some people have reported that they deposited money into Paxful Financials but never received their cryptocurrencies. Others have reported that they tried to withdraw their money from Paxful Financials but were unable to do so.
Summing Up- Why Should Not You Trust Paxful Financials
There are many reasons why you should not trust Paxful Financials. The company is not licensed or regulated, it has a history of complaints from customers, and its website is full of misleading information. If you are looking to buy or sell cryptocurrencies, it is best to choose a legitimate exchange that is regulated by a reputable authority.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have been scammed by Paxful Financials, you can contact a cryptocurrency recovery service for help. These services can help you track down your lost funds and recover them.
File A Complaint Against Scam Broker's
Final Thoughts
Paxful Financials is a scam broker that should be avoided. If you are considering using the company, please do your research first and be aware of the risks involved.
We hope this article was helpful. If you have any further questions, please feel free to ask.
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