Pendoxa

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Pendoxa operates as a fraudulent online trading platform that presents itself as a legitimate forex and CFD broker while systematically defrauding investors through manipulated trading conditions and withdrawal restrictions. The entity has been identified as part of an extensive network of clone trading firms that use sophisticated marketing tactics to attract victims before stealing their deposits. Pendoxa employs unlicensed operations, fake regulatory claims, and aggressive sales teams to convince traders to make increasingly larger deposits that become impossible to withdraw once invested.