PI

PI, operating under the domain pi88.com, is a financial services company registered in Belize. According to our records, the firm was founded on March 7, 2018, though its website references a history dating back to 2005. PI presents itself as a multi-asset broker offering retail trading services primarily to Asian markets.

Our review found that PI is not regulated by any financial authority. The company’s website, available in Chinese, targets traders from China, Hong Kong, Malaysia, and other Asian countries. The lack of regulation is a significant consideration for any trader assessing the broker’s trustworthiness.

PI holds no active regulatory licences from any recognised financial regulator. The known facts from our records confirm that the broker is unregulated, which means there is no independent oversight of its operations. This absence of regulation elevates the risk profile for clients, as there is no recourse to a regulatory ombudsman in case of disputes.

We cross-checked the company’s registration in Belize and found that Belizian offshore brokers are not subject to the same stringent requirements as those in major financial hubs. Traders should be aware that unregulated brokers offer no deposit protection or investor compensation schemes.

PI offers a range of tradable instruments including foreign exchange, precious metals, commodities such as crude oil, and stock index futures. The broker provides the MetaTrader 4 (MT4) platform, a widely used trading interface known for its advanced charting and automated trading capabilities.

From the website’s product pages, we observed that forex pairs are traded with variable spreads and leverage is available. The broker does not publish typical spread ranges or leverage limits on its site, but the account registration page suggests competitive offerings. Mini accounts are available for smaller capital outlays.

PI’s website indicates two main account types: Standard and Mini. The registration process collects personal information and allows clients to choose their base currency and leverage. The broker claims that deposits are processed within one hour during business hours, and it offers multiple payment methods including bank transfers.

Bonuses are a key feature, with promotions such as a 15% deposit bonus for new standard accounts and a 50% bonus for mini accounts. These bonuses come with trading volume requirements before withdrawal, a common practice among offshore brokers. A VIP programme rewards high-volume traders with cashback incentives.

PI is clearly aimed at retail traders, particularly those in Asia seeking leveraged exposure to global markets. The website is predominantly in Chinese and emphasises bonuses and high-leverage trading. The broker’s marketing focuses on the potential for profit rather than risk management.

Given the lack of regulation and the limited publicly available information, PI presents a high-risk proposition. Traders who prioritise regulatory protection and transparency may wish to consider alternatives. The broker’s own claims about its history and services should be viewed with caution.