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PIM Handel GmbH

Germany

Founded in

2008 (18 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

--/90

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Company Information

Get to know PIM Handel GmbH

Company Information

Get to know PIM Handel GmbH

Founded in 2008, PIM Handel GmbH, operating as PIM Gold, presented itself as a company specializing in the trade of gold and other precious metals. It attracted thousands of investors by offering various gold investment models, including promises of high-yield annual bonuses and buy-back guarantees. However, in September 2019, German authorities raided the company's headquarters in Heusenstamm on suspicion of commercial fraud. Investigations revealed that only a small fraction of the gold sold to over 6,000 investors actually existed. The business model was determined to be a Ponzi scheme, where money from new investors was used to pay returns to earlier ones. The company subsequently filed for insolvency, with estimated investor losses exceeding €100 million. The founder and CEO was later sentenced to prison for fraud.

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