Summary:
Pulse Trade describes itself as an advanced trading platform with modern technology, experienced traders, and up-to-the-minute market intelligence. However, after some investigation, there are serious concerns about its legitimacy. It is not regulated by the Cyprus financial regulator (CySEC), and the FSMA posted a warning against it. Furthermore, there is no verifiable office, unknown ownership, or any investor protection. Pulse Trade seems to have high risk and does not have much of the transparency and regulations to which trustworthy brokers are subject.
Pulse Trade Broker Overview
- Website: https://pulse-trade.io/
- Website Availability: Yes
- Headquarters Country: Makarios III Avenue 113, Limassol, 3021
- Owned By: PULSE-TRADE.IO
- Blacklisted by: Financial Services and Markets Authority (Belgium)
- Check FSMA Warning – https://www.fsma.be/en/warnings/advertisements-celebrities-spotted-social-media-beware-fraud-0
- Domain Age: It seems there is no direct mention of this domain being on a blacklist.
Pulse-Trade.cc claims to be a trading platform that adheres to modern technologies and practices. They promote advanced technology, meaningful data, and a support team full of professionals. Unfortunately, a closer inspection raises significant questions about its operations and legitimacy.
Problems Regarding Pulse Trade
No Regulation
Even after we found that Pulse Trade claims to have its operations based in Cyprus, they are not registered with the regulatory body, the Cyprus Securities and Exchange Commission (CySEC). In addition, the Financial Services and Markets Authority (FSMA) warned investors against using Pulse Trade due to a lack of authorization.
No Transparency
There is no information about the company’s licenses or legal status. An email address and a vague “office” address (Arch. Makarios III Avenue 113, Limassol) do not give credibility to their claims, which require the vetting of a regulatory authority.
Unsafe for Investors
Without regulation, there is no legal protection for investors using Pulse Trade. If you lose money with this platform or are blocked from accessing your funds, there will be little you can do.
This leaves investors with a high-risk factor if they choose to use this platform.
Red Flags Summary
- There is no regulatory license (CySEC or any other).
- There is a warning on Pulse Trade from FSMA.
- The company has no confirmed office location.
- There are no details on who owns the company.
- There is misleading marketing language.
Conclusion
Given the evidence available, Pulse Trade seems to be a high-risk and potentially fraudulent trading platform.
FAQ
Q. Is Pulse Trade a regulated platform?
A. No, it’s not regulated by a known financial authority.
Q. How can I recover money lost on Pulse Trade?
A. It may be impossible to recover funds since the platform is unregulated; however, maybe if you consult with professional fund recovery services, they will help.
Q. Where is Pulse Trade headquartered?
A. It claims to be Cyprus at its headquarters; however, there is no establishment of official registration to support its claims.
Need Assistance with Fund Recovery?
If you have encountered issues with a trading platform, professional guidance may be beneficial. Fraud Recovery Experts offer a free consultation to assist individuals in exploring fund recovery options.
For updates and discussions, follow us on:
Stay informed and trade wisely!