✔️ 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.
I am also a victim of the summapips scam, it gives me so much courage that this mob takes advantage of others to get rich, I was a fool to believe in them but everything pays off at the time I do believe in carma.
Hi Ruben, 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 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, I am from Colombia and they have left me bankrupt, I lost more than 17000 Euros.
Could you tell me what actions can be taken?
Is it possible to recover the investment?
Hi one, 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 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.
My name is Oscar Rodriguez and I think I am being scammed by Summapips, the advisor is called Melquiades, I already made an investment of 500 euros and last week he convinced me to take out a loan of 3000 euros to put them on the stock market with a profitability of 30% sure, I see that profitability in the Megatrader 5 but now it is demanding that I pay those 3000 euros with tomorrow's deadline and that I sign a document, that if I do not block my account and send me lawyers to charge me that money
Hi Oscar, 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.
Thank you very much for the information
Yes of course my advisor is called Melquiades Franco, the email is [email protected] and the phone number is long 00442037691340 and I found this broker on facebook
The other emails are [email protected]; [email protected]
This is the information I have about them
regards
Hi Oscar, all the information helps, 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.
My name is Mauricio, I thank God because I found this page, since the people of this broker Summa Pips, have been calling me insistently for the last two months to invest through them, on Friday I sent them a copy of my passport and a utility bill, supposedly so that I could inform my residence address and formalize the opening of my account, on Monday I was thinking of making a transfer of USD3000 to them, this Jeremy Montijano called me, but even with more insistence a super dear girl, yes, Maria Fernanda of whom I do not know her last name, during the last months to make investments with them.
Hello Mauricio, what a joy to start the week seeing your comment, for this we work and your email gives us enthusiasm and a lot of encouragement to continue in the fight against these scammers.
If you want to see other options, I leave you this link in case you might be interested: https://brokersrecomendados.com/brokers-recomendados-2021/
Greetings.
Law Firm Solution Limited 80 Coleman ST, London, UK, EC2R 5BJ
Phone +442038079412
anyone know if this law firm is to be trusted ??
They tell me they can get my money back and a compensation of 25 thousand dollars. Thank you for your answers!
Hello JohnnyDaniel, we are with several reviews at the moment, but we will put yours as a priority to be able to evaluate this broker / firm. If you have the web much better.
I can anticipate that it looks like the typical FAKE Law firm that are part of the SUMMAPIPS SCAMMERS, where did you find them?
Greetings.
Hello yes, well I have been trying to get someone who can recover my account of 4763.90 euros that I have blocked with these summapips and they sent me an email letting me know that they can help me, his name is Frank William Webster and he is from the law firm Law Firm Solutions Limited and they have sent me a pdf to sign delegating them a power to collect said investment !!!
Regards…
Hello JohnnyDaniel, they are two scammers, they only steal both those from Summapips and those from Law Firm, the latter are not lawyers or anything like that and then they will tell you that they have recovered and that you pay anything and you will believe them and send money thinking that they will send you what you lost and nothing will ever come to you at all, that's how they work.
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
regards
Hello, good day, could you help me by checking this link that supposedly endorses that they are a legal service company !!
https://find-and-update.company-information.service.gov.uk/company/10458862
I thank you in advance for each information issued !!
Hello JohnnyDaniel, many times they search among the companies already formed and say that they are them and they really are not and since Summapips is a SCAM I could assure you 100% that they pretend to be this legal firm without being part of them, ask Which company you have to make the transfer or the website so you will know to whom you have to transfer your money and I highly doubt that it is to a company with the same name. It's a scam, they are scammers.
Greetings.
Hello greetings, what do you know about the broker summapips. com
A friend lost a lot of money with them the plot was that when I try to saw the operation the platform does not allow it, as if it were manipulated. So that the operation remains operating, consuming the account balance and being negative.
Now they tell him that it is because of the time difference….
Hi Henry, may you ask for your money or may you try to back off payments, thank you for sharing your experience with 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 on the market, they only show it and in the end they tell you that you have lost and they keep it.
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?
WE REQUEST THE COLLABORATION OF ALL USERS WHO HAVE INFORMATION ABOUT THESE SCAMMERS TO HELP SO THAT WE CAN STOP THEIR CRIMINAL ACTIVITIES.
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
regards
Hello, I have opened an account on Summapips, but I took it for granted almost at the time I did that it was a scam, for the information. Write to this FORUM to add lawsuits against these people and disrupt
Hello COMPLAINT, ask for your money or try to reverse payments, thank you for sharing your experience with 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 on the market, they only show it and in the end they tell you that you have lost and they keep it.
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?
WE REQUEST THE COLLABORATION OF ALL USERS WHO HAVE INFORMATION ABOUT THESE SCAMMERS TO HELP SO THAT WE CAN RUN THEIR CRIMINAL ACTIVITIES.
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
regards
Jorge Giron Bolaños from CDMX Mexico ID 1332300091
Laura Monserrat Del Rosal Ramirez from CDMX México ID 1163112898
Veronica Ayala Gonzalez from CDMX Mexico ID 2026125064
These are the identifications that they gave me to deposit, since they credited me to continue investing ...
They asked me in dollars and I was converted into euros!
[email protected] he was my advisor!
the rest of the department !!
[email protected] [email protected] [email protected]
[email protected] [email protected] [email protected]
[email protected] They are from [email protected] according to my advisor!
First Name
Blanca Suares, Thiago Sanchez, Lucia Mejia, Ana Gutierres, Agustin Malcone, Cipriano Chinchilla, Ines Quievac, Sebastian Marquez
Phone number
+442037693665
Very bad experience with this broker. I have a question, can you guide me if it is necessary to close the account you have with them? How can it be done? Thank you very much for the comments and information that you have left here, it has helped me to decide not to send you more money.
Hello Rebeca, ask for your money, I don't think they will send it to you, but just forget about them, they will not delete your data and they will call you from other brokers in their group. Thanks for sharing your experience with 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 on the market, they only show it and in the end they tell you that you have lost and they keep it.
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
regards
I appreciate your response, if I have information on the alleged advisers, Jeremy Montijano (calling from Mexico) and Melquiades Franco (calling from London). This broker contacted me giving information about meta trader 5, at first he never talked about SUMMA PIPS, he only talked about how well meta trader 5 works and the benefits of that platform. Until the time of making the payment and opening an account, I saw that it was Summa pips, I had never heard of that broker, I did not have time to investigate it.
Hello Rebeca, it is a pity that it was like that, I hope you can get the money back, from London they tell you that they are calling, but in reality they are not there. They are all in Mexico calling from a call center.
Greetings.
Hello, I had the disastrous experience with this scam broker of losing money. Can they do something illegal with the data provided?
Hello Henry, if you have given the card better cancel and ask your bank for another with another number. Thanks for sharing your experience with 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 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?
WE REQUEST THE COLLABORATION OF ALL USERS WHO HAVE INFORMATION ABOUT THESE SCAMMERS TO HELP SO THAT WE CAN STOP THEIR CRIMINAL ACTIVITIES.
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
regards
Very bad experience, in the end everything is lost, they pressure to accept a loan or send more money. They are not to be trusted.
Hello Sol, ask for your money or try to reverse the payments, they do not think they will send it to you, but just forget about them, they will not delete your data and they will call you from other brokers in their group. Thanks for sharing your experience with 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 on the market, they only show it and in the end they tell you that you have lost and they keep it.
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
regards
In my case it was difficult to trust again after being scammed by a broker, but I took confidence that I don't know where and did the test here and they took me to mychargeback. And yes I could get it back. His professionalism is noticeable from a long distance, I am surprised, try, you can still get the money back.
Hello Juanca, Great !!!, Thank you very much for warning, we are very happy that you have achieved it, now be careful if you invest again, check the brokers before trusting one, here we have almost all of them.
For others who want to get their money back, they should try talking to our chat or click on this link:
https://brokersrecomendados.com/reclama-tu-dinero-te-ayudamos/
If you want to see our ranking of the recommended brokers 2021 click HERE
Greetings and good luck.
Did they help you get your money back invested in Summa Pip ??
Hello Viviana, Juanca was able to recover the money through this link:
https://brokersrecomendados.com/reclama-tu-dinero-te-ayudamos/
regards
Good morning Juanca
Look I have some doubts about your comments about brokers
Can you write to this FORUM?
regards…
They blocked me and I cannot operate just because I wanted to ask to withdraw an amount of money, a certain ThiagoSanchez who was my advisor and the operations are in euro, my account is $ 4763.90, my deposit was 2827.22 dollars !! If someone can help me I would be so thankful……
I smelled the scam and I tried to make a video call they give you a lot of laps they do not want ,,, it shows that they are false
Hi FR, thank you for sharing your experience with 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 on the market, they only show it and in the end they tell you that you have lost and they keep it.
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
regards