Pamonex Review: Scam Or Legit? | Recover Lost Funds

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Is Pamonex a scam? How to recover funds from Pamonex? Find the answers to all these questions and more in this guide.

Summary

Pamonex has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Vidilook. We’ve received over 5 complaints against Pamonex.

Pamonex is depicted as an investment platform that lacks regulation and carries a significant risk of being a scam. The company’s operations lack transparency, and its approach to handling customer complaints is problematic. This has resulted in significant customer dissatisfaction, particularly when it comes to withdrawal issues.

Get Your Money Back From These Scammers!

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Key Takeaways

Pamonex has lost investors thousands of dollars
Pamonex website owner is anonymous
Vague terms of service
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Is Pamonex Regulated? Do They Have a License?

The lack of regulation or the presence of poor regulation is a huge red flag. It means Pamonex is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Pamonex, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?
3

Trading Conditions and Deposit/Withdrawal Methods at Pamonex

As a result of their unregulated status, the trading conditions at Pamonex are undesirable. This presents a potential hazard to deposited funds, and users are reportedly confronted with complicated withdrawal procedures, exorbitant fees, and challenges when attempting to withdraw their money.

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

4

Pamonex Customer Service: Do They Handle Complaints Well?

Pamonex has faced criticism regarding its operational procedures, specifically in regard to the management of complaints. An absence of transparency and regulation hinders users’ ability to effectively resolve issues.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

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5

Pamonex Reviews: What Do Others Say?

Online customer opinions about Pamonex are largely negative. The platform is accused of being a scam, with many users reporting issues related to withdrawals and lack of transparency.

Pamonex reviews on trustpilot


It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Pamonex tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Pamonex reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Pamonex, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Pamonex enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Pamonex reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Pamonex.

Pamonex reviews coverage

You should always look out for consumer complaints. In the case of Pamonex, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees and charges
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Pamonex? You can share your complaint in the comment section or submit an anonymous tip.

6

Is Pamonex Legit Or Scam?

The platform has been identified as unregulated, which raises concerns regarding potential involvement in deceptive activities.

Pamonex is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Pamonex can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Pamonex?

All the evidence suggests that Pamonex is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

7

Frequently Asked Questions

Is Pamonex a scam?

According to the online reviews of this company, it’s highly probable that Pamonex is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Pamonex?

Yes, you can withdraw your funds from Pamonex by getting in touch with one our experts. Get your money back immediately.

Where is Pamonex Located?

There is no information available on the location of Pamonex.

How do I get my money back from Pamonex?

To get your money back from Pamonex, you can file a chargeback. Learn more here.
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How The Pamonex Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

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If you’ve lost money with Pamonex, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
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Pamonex Review: Scam Or Legit? | Recover Lost Funds
Pamonex Review: Scam Or Legit? | Recover Lost Funds

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