PinkForex Review

About PinkForex

PinkForex (operated by Pink Group LTD, domain pinkforex.com) offers forex and crypto trading with up to 1:500 leverage and a minimum deposit of USD 10. The platform claims to support trading of FX majors and 30+ crypto pairs, with position sizes starting from 0.01 lot. Deposits and withdrawals are reportedly handled only via Bitcoin; other methods such as cash, money orders, third-party transfers, exchange houses or Western Union are not accepted. Inactivity may incur a USD 10 fee if no trading occurs within six months. Pink Group LTD appears to retain full discretion over currency conversion rates, and initial and subsequent margin deposits must be made in USD or another currency chosen by the broker. PinkForex indicates it is not directed at citizens or residents of the USA. ()

PinkForex is not regulated by any financial authority. No regulatory licenses are listed on its website, nor are there any contact details such as address, phone number or email. Third-party reviews, citing BrokersView and ForexBrokerz, classify PinkForex as unregulated and warn that investor funds are unsafe and unprotected. One review explicitly labels it a “scam broker.” The broker is reportedly associated with Saint Vincent and the Grenadines through its terms, though this jurisdiction does not formally regulate forex brokers. ()

Pros and cons

Pros

• Low minimum deposit: USD 10
• High leverage available: up to 1:500

Cons

• No regulation or licensing reported—funds are not protected
• No official contact details provided
• Bitcoin-only funding increases risk and complicates chargebacks
• Jurisdiction of operation (Saint Vincent and the Grenadines) lacks formal regulatory oversight