Pediainvest: reviews of traders and analysis of the work of the broker

Attention! Fraud company!

Leave a request for a refund from a scammer.

To attract the attention of a potential audience, brokers promise users literally “mountains of gold”. The same trend can be seen in the work of Pediainvest. It guarantees beginners and advanced traders a large selection of trading instruments and unlimited earnings. However, after analyzing his activities and reviews about him, we came to the conclusion that everything the intermediary claims is a lie of pure water. 

Important information about the company's activities 

The site says that the main mission of Pediainvest is to take a leading position in the financial market and provide customers with the best service. The company allegedly has been operating since 2015, and millions of people use its services. But what has been said does not correspond to reality. Firstly, all reviews about it were written no earlier than January of this year. Secondly, the pediainvest.com domain was registered at the end of December 2021. Therefore, the hero of our review started working about a month ago. 

Under the business card of the company is its CEO Mark Shumaker. Who it is, how long it has been working in the financial market, whether it is a registered legal entity, is not clear, since there is no information on the Web about such a figure in the trading and investment sphere. It is most likely a fictional character.

There is also confusion about the registration data. The site footer indicates that the Pediainvest office is located in Switzerland. But it is not among the organizations registered in this country.

The address where she is allegedly located is also indicated for blurring the eyes. There is a large building here, in which there are many companies, but it is not clear exactly where Pediainvest is located (floor, offices, wing).

In addition, the “User Agreement” states that the Pediainvest office operates in accordance with the laws of Saint Vincent and the Grenadines. But we did not find it in the SVGFSA database. One conclusion suggests itself: such a company does not officially exist, so it is not subject to the laws of any country and is free to work as it sees fit. 

Is Pediainvest licensed?

Nothing is said on the site about the regulation of the activities of this “kitchen”. But since she provides services, in particular, to Russians, we decided to check whether she does it legally. 

In accordance with the legislation of the Russian Federation, no organization providing investment brokerage services has the right to work here without a license from the Central Bank of the Russian Federation. The hero of our review does not have this document. 

In addition to obtaining a license, organizations must obtain the status of a “legal entity” and be listed in the Unified State Register of Legal Entities and the Russian SRO database. But neither there nor there is Pediainvest. 

We have also read the terms of the contract, which is concluded between the user and the owner of the site. It contains clauses that remove all responsibility from the broker (in particular, if the user incurs losses) and completely “untie his hands”. For example, he:

• has the right to block the account and user account at any time (while there is no question of returning client funds);
• does not ensure the security of the client and his deposit (that is, if third parties gain access to personal information and the user's account, no one will be responsible for this).

Profitable offers or divorce?

These scammers decided to attract the attention of traders with the help of the following offers:

• trading in currency pairs, indices, metals, energy resources, futures, stocks via mobile devices and PCs;
• free VPS;
• exclusive webinars, up-to-date news content;
• leverage up to 1:400;
• several types of accounts: "Silver", "Gold", "Platinum". 

But making money on the platform is unrealistic, no matter what account you open and no matter how professional you are. 

Reviews about the fake broker

Reviews about this “kitchen” began to appear in January 2022, because it recently entered the financial market. Users give her the lowest ratings, calling her a scam, and strongly recommend that you have nothing to do with her representatives.

Pediainvest scam scheme: how do scammers manage to rob traders?

The main secret of the success of these charlatans is the ability to ingratiate themselves and manipulate people, convincing them that you can become a millionaire with Pediainvest. Judging by the reviews, they try to keep in touch with their victim all the time (by phone, via Skype or other messengers) in order not to give her the opportunity to logically think about her actions and weigh all the pros and cons of trading within the platform.

Also, representatives of the “kitchen” at the beginning of cooperation with a trader ask him to install the AnyDesk or TeamViewer application. The site on the right even has links to them. Fraudsters need this not to help clients in trading, but to have full access to all accounts and personal information of the user. Thus, they will be able not only to drain the money, but also, having some personal data of the user, blackmail him in the future.

In order for the client to deposit as much money as possible, scammers imitate trading on the site and “finish” the quotes themselves, creating the appearance that he is earning.

User attempts to withdraw funds also do not go unnoticed. The crooks here are trying to swindle money from him, so they start talking about the need to open an insurance account, pay tax deductions, stamp duty, etc. 

Summary

Summing up the review, we note once again that this office has a bad reputation, judging by the reviews, and this is not unfounded. She works illegally, so she has no right to provide services, but this does not stop her. Cooperation with a self-named broker who has neither licenses nor registration is doomed to failure in any case!