Pinnacle Holdings Limited

The spread at Pinnacle Holdings Limited is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after doing extensive research and initially thought the platform was good - until I started trading seriously.

Pinnacle Holdings Limited changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.

The hidden fees at Pinnacle Holdings Limited are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.

Pinnacle Holdings Limited advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.

I signed up with Pinnacle Holdings Limited through a financial advisor and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

After doing some research AFTER the fact (I know, I should have done this first), I discovered that Pinnacle Holdings Limited is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.

I requested my data from Pinnacle Holdings Limited under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.

Do not believe the bonus offer from Pinnacle Holdings Limited. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after my brother mentioned them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.

My card was charged twice by Pinnacle Holdings Limited on the same day. I had to dispute it with my bank. Pinnacle Holdings Limited then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

I have been trying to close my account with Pinnacle Holdings Limited for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.