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.

BrokersView found the domain "https://www.cgsec.co.th/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.