Praxo Pay has been flagged by Finansinspektionen for "Fraud and Other Types of Misconduct". Loan Fee Fraud
Praxo Pay has a website (www.praxopay.com) and is using the following contact information:
Praxo Pay
11 Rue de la Banque
75002 Paris
Frankrike
Telefon: +330617292012
Mejl: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.praxopay.com.
I looked into Praxo Pay and found they appear in the regulatory warnings database. Finansinspektionen has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Praxo Pay 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.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
The onboarding at Praxo Pay 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: Two-factor authentication|Excellent charting|Quick verification|API access
Cons: Limited ETF selection|Account statements could be more detailed
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Praxo Pay has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
I was contacted by Praxo Pay through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive