✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in Summapips. We analyze the website, we observe every detail and we 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…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Summapips and we will tell you why we reached such a conclusion:
Basic Information
| 🌐 Website | summapips.com |
| 🏠 Company* | DMF Markets Ltd |
| ️ Regulatory | Not regulated |
| for claims contact [email protected] | |
| 📈 Leading | MetaTrader 5 |
| 📌 Direction | Plaza Catalunya nº 20, 7th floor, Barcelona, Spain. Google Maps link. |
⚠️ Summapips is owned by DMF Markets Ltd, the company is located in Saint Vincent and the Grenadines, potentially dangerous for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Account types
Now we will analyze the account types offered by Summapips, in this case, we observe that it does not offer account types.
Information on the web
Summapips provides welcome bonus, some live charts, economic calendar and also news, not really much more than that.
List of phone numbers
At the moment we have not found phone numbers.
🚫 Summapips Final Rating 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Summapips.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
Updates
News about Summapips:
| Date | Update – news |
|---|---|
| We have received messages from clients assuring that Summapips maintains a close relationship with Alpha Assets Group, Crypto Broker, novared y Zeus Consulting, brokers with a bad reputation and with complaints against him, accused of scam your users. ⛔ WE SUGGEST EXTREME CAUTION ⛔ | |
| February 2023 | The broker summapips is linked with 1000 extra, BlackCore, Alpha Assets Group, Aurora First, Bitcoin Bank, Crypto Broker, Emporio Trading, EurobondPlus, hispamarkets, LivingTradeFX, MaximusTrade, M Broker, MMT Investing Group, MyTradeMM, OneXGlobal, poloinvest, QSmart Limited, SmartEnevita, Urustrade, Apollo Management y Vanki Trading, brokers with a terrible reputation and complaints from regulatory entities. ⛔ WE SUGGEST EXTREME CAUTION ⛔ |
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 Summapips.
At the end of the review you will find customer comments.
How to Claim Money Scammed by Summapips
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 Summapips
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
How can I report Summapips?
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 Summapips a scam – is it a scam?
Yes. We believe that Summapips is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is Summapips trustworthy?
No. Summapips is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from Summapips?
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.
Are there (recommended) alternatives to Summapips?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
Mr. Roberto Mancera is a scammer and Summa Pios is a scam
Hi Francisco, thanks for writing about Summapips. Currently this broker is considered a SCAM. He is part of an organized criminal organization that uses different brokers to defraud all of its clients: Alfa Assets Group, Apollo Management (invest-apollo .co), Asa-GP, Aurora First, Black core, Btoken Bank, Crypton Broker, Emporio Trading , Eurobond Plus, Hispamarkets, LivingTradeFX, Maximus Trade, M Broker, Mira Capital Markets, MMT Investing Group, MyTradeMM, One X Global (one-xglobal.uk), Poloinvest, QSmart Limited, SmartEnevita, Summapips, Urustrade and Vanki Trading.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
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 check this link: CLAIM YOUR MONEY
Greetings.
Hello friends, I worked for several of these companies, I can tell you that they are a very large group, and that they change brokers as they have problems with the law or have too many complaints, the group at least includes all these brokers: 1000extra, Alfa Assets Group, Apollo Management ( invest-apollo .co ), Asa-GP, Aurora First, Black core, Btoken Bank, Crypton Broker, Emporio Trading, Eurobond Plus, Hispamarkets, LivingTradeFX, Maximus Trade, M Broker, Mira Capital Markets, MMT Investing Group, MyTradeMM, One X Global ( one-xglobal.uk ), Poloinvest, QSmart Limited, SmartEnevita, Summapips, Urustrade and Vanki Trading
As you can see, they are all brokers with the same characteristics: no regulation, many complaints of fraud. I hope to return soon with more information from the owners, for now I can tell you to stay well away from any of these companies, as I told you I was working for these group of scammers and they are the worst, they only think about making the customer deposit as much as possible and steal everything. You will never win anything. The money is not even invested it is a completely rigged investment platform. I worked with them but I regret it a lot, I did it because in my country there are few jobs and I needed money to feed my family. But after working with this group of thieving worms, I realized that I couldn't continue to be involved with those kinds of people. I hope my message helps you.
Hello Information, thanks for writing about Summapips. Currently this broker is considered a SCAM. He is part of an organized criminal organization that uses different brokers to defraud all his clients: Alfa Assets Group, Apollo Management (invest-apollo .co), Asa-GP, Aurora First, Black core, Btoken Bank, Crypton Broker, Emporio Trading , Eurobond Plus, Hispamarkets, LivingTradeFX, Maximus Trade, M Broker, Mira Capital Markets, MMT Investing Group, MyTradeMM, One X Global (one-xglobal.uk), Poloinvest, QSmart Limited, SmartEnevita, Summapips, Urustrade and Vanki Trading.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
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 check this link: CLAIM YOUR MONEY
Greetings.
Analyst De Roberto Mancera from summapips is a dirty scammer, be careful with these scammers
Hi Fran, thanks for commenting on Summapips. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
Hello. Unfortunately I too was SCAMMED by that misnamed broker. They call you by passing through various companies (in my case they called me from Meta Quotes), once you deposit (which is usually not on the platform, but through a payment wallet) an account appears supposedly in Sumapips, where They update everything manually and then download the MT5 platform, where likewise, they update everything manually; but in reality the graphics are "mirror or demo", they are not real, it is not your money that is there, but they make you believe that it is so. When I requested the withdrawal, the MT5 appeared blocked and the account advisor, a certain Diego Ferreira, told me that to unblock it I had to open a "chicken" operation that I agreed to. He had 833 Euros and opened two operations, one up and the other down, leaving a free equity of only 125 Euros. Today the two operations are still open and I do not have access to them to do something and if I could close just one, everything is lost, there is not the slightest margin to save anything. I see them in graph, but nothing else. When I complained to the advisor, he told me that "the market is like that" and that the only way to save the account was by making another deposit of 1500 euros, which of course I did not agree. This Ferreira introduces himself as "a trading professional" ... and yes, if he is a professional, but of the SCAM. The first contact was with a certain Sergio Camacho, supposedly from Meta Quotes, then I happened to a certain Jeremy Molano and I received mail from a certain Laura. They are a well organized gang to scam.
Hi Wilber, thanks for commenting on Summapips. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
They called me every month until I fell with this ball of scammers, thank God the investment was 950.000 Colombian pesos and it was not more, they make you believe that you are making money with them and they want you to continue investing more, unfortunately I did not see this page before and I would have stopped from not investing with these scammers, they stopped calling me, I don't know how to get back the investment, conclusion DOES NOT INVEST THEY ARE ROUGH, RATS, SCAMMERS
Hi CARLOS, thanks for commenting on Summapips. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
Hello, a few months ago I was scammed by summapips, 3 days ago I was contacted by a person named Ivan Buscaver, with the following email [email protected]. This person told me that he was a former employee of summapips and indicated that they are a fraud but that he wants to take revenge on them.
He gave me an email from a bank called Online Media Bank. and it turns out that they opened an account in my name with other false information. I entered and there are 58344 euros in that account, it turns out that when I try to make a withdrawal, they supposedly tell me from the bank that I have to pay a commission to make a transfer. this I imagine is also a scam on their part. Bank information comes from [email protected]
Hi Kevin, I am sure that it is part of the scam, the bank is seen to be a scam too, it is located in Saint Kitts and Nevis, some islands in the Caribbean.
Greetings.
I was also a victim of this scam They made me lose all my money in a matter of 5 minutes more than € 15,000.00 they made me think it was a very profitable investment they offered me 30% weekly profits, now my account appears with the total balance in red and negative and they were calling me for another loan to recover the money but I denied it, they told me now they will send me to their lawyers and that I will have to pay the loan and lose what I invested, now I am going through an economic crisis because the money invested in summapips was through a bank loan.
PLEASE DO NOT INVEST A SINGLE PENNY IS A SCAM.
These are the details of the scammers.
Telephone where they made me daily calls.
+44203769366
Whatapp phone where they asked me to send data to open an account.
+52 55 2761 2541
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
Please, I need your help to recover the capital because it takes many years of work to pay the loan. Thank you very much in advance for your help.
Hi Josue19, thanks for commenting on Summapips. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I am also a victim of SUMMAPIPS, For nothing in the world invest ayi. A certain Oscar García ripped me off.
[email protected]
Hi Roscio, thanks for commenting on Summapips. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.