Pirabk has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After for a couple of months now with Pirabk, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Copy trading available|Portfolio tracking tools|Transparent fees
Cons: No crypto staking|Wish they had more educational resources
I trusted Pirabk with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Stable platform|Real-time alerts|Transparent fees|Tax reports included
Cons: Withdrawal takes 1-2 business days|No live chat on mobile
Pirabk 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.
Pros: High security standards|Fast deposits|Social trading features
Cons: Limited demo account features
Pirabk seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Economic calendar|Easy to use platform|Professional team
Cons: No dark mode on mobile|Account statements could be more detailed
I requested my data from Pirabk 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.
Pros: Educational resources|Excellent charting|Quick verification|Real-time alerts
Cons: Inactivity fee applies after 12 months
Tried to withdraw my funds from Pirabk and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive
The onboarding at Pirabk was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Easy to use platform|Multi-device support
Cons: No integrated tax optimization|Spreads widen during volatile periods
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
Where do I even begin with Pirabk? for about five months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Excellent charting|Comprehensive tools|Dividend tracking
Cons: Spreads widen during volatile periods
I gave Pirabk a fair chance. After since I opened my account last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Multiple order types|Helpful community forum|Reliable uptime
Cons: Wait times can be long during peak hours