Company Information

Get to know Prolific Baseshop of (Pinnacle LD)

Prolific Baseshop of (Pinnacle LD) was an entity that fraudulently presented itself as an online trading broker. It was identified by the UK's Financial Conduct Authority (FCA) as a "clone firm." This means it deliberately and illegally used the details of a legitimate, FCA-authorized firm—in this case, "Pinnacle (London) Limited"—to convince people that it was genuine. The entity is not authorized to provide regulated financial services and its website is no longer active. Its primary purpose was to target and defraud investors, particularly in the UK.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

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Prolific Baseshop of (Pinnacle LD)

United States

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.