Pi Securities

After reviewing Pi Securities, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is Pi Securities?

On the surface, Pi Securities looks like an ordinary forex and crypto broker. Its public site is presented at https://www.cgsec.co.th/. But surface impressions are exactly what these operations rely on — the substance behind Pi Securities is where the problems begin.

Is Pi Securities regulated?

Pi Securities provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.

Red flags we identified

• Unrealistic profit claims and pressure to deposit more
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• No credible physical address or verifiable corporate record
• Opaque or anonymous corporate ownership
• Account dashboards that show “gains” with no real market exposure

Our analysis

Pi Securities claims to be a reliable broker while presenting no details of its regulation. Lacking regulation info may be a distinctive characteristic of unlicensed brokers, as legit brokers always display their certificates and licenses in a prominent place. It is a red flag here. Besides, this broker shows its office address is in Bangkok, Thailand. However as per the information we hold, Thailand does not have any authorities to issue licenses for forex brokers or regulate entities offering forex activities. That means Pi Securities is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Can you recover money lost to Pi Securities?

If you have deposited with Pi Securities, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.