✔️ Information reviewed and updated in May 2024 by Pedro Martínez González
In this section we will tell you if we consider that the company Pyroworld is a safe company or an untrustworthy company. Read our full analysis to find out everything!
We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...
Below we will show you essential information about Pyroworld and we will tell you why we came to such a conclusion:
Basic Information
| 🌐 Website | pyroworld.net |
| 🏠 Company | Pyro Coin SA |
| ️ Regulatory | Not regulated |
| [email protected] | |
| 📈 Leading | Own platform |
| 📌 Address | Paseo de la Castellana, 40, 28046 Madrid, Spain |
| 🕑 Website age | Website registered on: September 09, 2020 |
| ❓ Company type | Investments in Cryptocurrencies |
Company: Pyroworld is owned by Pyro Coin SA.
Location: Pyro Coin SA is a company located in Madrid, Spain.
What is Pyroworld?
Pyroworld presents itself as a platform for investing in cryptocurrencies, offering a supposedly safe and easy trading experience. They promise a wide selection of cryptocurrencies on the Binance platform, over-the-counter trading, and the upcoming introduction of a decentralized exchange. However, as we will see later, the National Securities Market Commission (CNMV) has warned that Pyroworld is not authorized to provide investment services, suggesting it could be a scam site.
Account types
The platform does not offer different accounts to carry out operations.
Information on the web
Here we show you a screenshot of the Pyroworld website, which is pyroworld.net. The capture was made in APRIL 2024.
Contact: phone numbers and email
– We have found the following phone number: +34600000351
– We have found the following email: [email protected]
Pyroworld Regulation
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!
🚫 Pyroworld final rating 🚫
After thoroughly researching Pyroworld, a company dedicated to cryptocurrency investments, we have identified several concerning aspects that investors should take into account before considering any type of business relationship with this broker.
Although Pyroworld has its registered location in Spain, it is important to note that the website has been reported by Spain's regulatory body, the CNMV, which is a cause for serious concern and suggests possible irregularities in its operations.
Furthermore, Pyroworld is unregulated, meaning it lacks the necessary oversight to ensure the safety and security of investors. The lack of regulation is a major warning sign and should be a cause for caution for anyone interested in investing in cryptocurrencies through this platform.
Although Pyroworld promises an exceptional crypto experience with its wide-range cryptocurrency offerings and direct trading on the Binance platform, the lack of transparency and regulation raises serious questions about its integrity and reliability.
As attractive as Pyroworld may seem in terms of service offering and registered location, the risks associated with its lack of regulation and reporting by the CNMV are too significant to ignore.
From the Recommended brokers, we strongly recommend avoiding Pyroworld and looking for safer and more reliable alternatives for cryptocurrency investments. The protection of your investments and your financial security are of utmost importance to us.
Updates
Pyroworld News:
| Date | Update – news |
|---|---|
| March 2024 | Complaint against Pyroworld financial regulator CNMV |
We note that the company already has complaints from financial regulators. Please be very careful!
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Pyroworld.
At the end of the review you will find customer comments.
How to Claim Money Scammed by Pyroworld
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report Pyroworld
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
Are there (recommended) alternatives to Pyroworld?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report Pyroworld?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is Pyroworld trustworthy?
No, Pyroworld is not trustworthy at all. With a lack of registered location, false addresses, lack of regulation, very negative evaluation, recurring problems with withdrawals of funds and reporting by the CNMV, it is advisable to avoid this platform. Look for more transparent and secure options to protect your investment. Invest with extreme caution and choose platforms with proven financial integrity!
How to recover money from Pyroworld?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
This company will not let you withdraw. I'm telling you from my own experience, don't do it, you'll thank me later. Greetings.
Hello Angeles, thanks for writing about Pyroworld. Currently this broker is considered a SCAM.
If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.
If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY
Greetings.