Unregulated Entity & Fraud Investigation of BTPXS (https://bitpinnaclegroup.com/)

Scam Broker Check 🛡️
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My interaction with BTPXS began after being lured by its professional-looking interface and its extraordinary claims of market dominance. Believing it to be a legitimate platform, I deposited a total of $2,300 USD. The platform functioned normally until I attempted to withdraw my funds. My request was blocked, and their “customer service” demanded I pay substantial, non-existent “taxes” and “fees” to release my money. This is a classic scam tactic, and I have been unable to recover my capital since.

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Hello, I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion. I’m sorry to hear about your experience with BTPXS. It sounds like you’ve encountered a scam, and I understand how distressing this situation can be. Here are a few points to consider:

  1. Recovery of Funds: Recovering funds from scam brokers is notoriously difficult, and the chances of success are often low. I recommend checking out this article by BrokerChooser for more detailed guidance: How to recover your funds when scammed.

  2. Details of Contact: If you haven’t already, it would be helpful to provide details on how the scammers contacted you. This information can be crucial for further investigation and to help others avoid similar situations.

  3. Beware of Recovery Scams: Be cautious of any offers to help recover your funds, especially if they require upfront payment. These are often scams themselves, preying on those who have already been victimized.

  4. Regulatory Oversight: Always verify the regulatory status of a broker independently. Scammers often create fake certificates or direct you to fraudulent websites to appear legitimate.

  5. Future Precautions: For future investments, consider using BrokerChooser’s FindMyBroker tool to find legitimate brokers that suit your needs: FindMyBroker.

I hope this information helps, and a human will review your topic shortly and join the conversation. Stay safe!

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Dear NumerousRestaurateur2149,

Thank you for sharing your experience. We are very sorry to hear about what happened with BTPXS / BitPinnacleGroup.

Based on available evidence, platforms like this are high-risk and often unregulated. Requests for additional “taxes” or “fees” to release funds are a common scam tactic, and it is unfortunately consistent with reports about fraudulent brokers.

For your safety and to prevent further losses, we strongly recommend:

  • Do not make any additional payments to this platform.

  • Report the case to local authorities and financial regulators. In some countries, there are consumer protection organizations that handle investment fraud cases.

  • Consider seeking advice from professional legal or financial experts regarding possible recovery options.

Regards,

Chris