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Pacific Broker Review: High Risk (suspected fraud)

Pacific Broker Review: High Risk (suspected fraud)

TraderKnowsTraderKnows
2024-05-14
Summary:Pacific Broker, registered in the UK in 2019, is a forex platform. This article evaluates it on corporate entity, domain registration, licenses, staff, software, and trade types.

Pacific Broker Overview:

According to the public information on the official website of Pacific Broker, Pacific Broker claims that it was founded in 2010, and the company address is located in Kemp House, 152-160, City Road, London, United Kingdom. However, it has not published its own business registration information and regulatory information. Traderknows found a company with the same name as Pacific Broker in the official website of Companies House, the full name of which is PACIFIC BROKER LIMITED, founded on September 25, 2019. Company registered ADDRESS is PO Box 4385, 12226112 - COMPANIES HOUSE DEFAULT ADDRESS, Cardiff, CF14 8LH, company registration number is 12226112.

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Domain Registration of Pacific Broker:

According to the Whois website, the Pacific Broker domain name was registered on October 25, 2019.

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Is Pacific Broker legit or a scam? Does Pacific Broker have any regulatory licenses?

There is no regulatory information on Pacific Broker, which is in an unregulated state.

Employees of Pacific Broker:

Traderknows does not find Pacific Broker's corporate staff information. Typically, companies that are more transparent will disclose information about their team members on their websites, but this information is not made public by Pacific Broker.

Trading Software Provided by Pacific Broker:

Pacific Broker claims on its official website to provide users with MT4 trading platform, after inquiry, there is no Broker named Pacific Broker on MT4 platform, and search its official website shows that it is not available.

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Online Reputation and Client Complaints:

Some netizens say that Pacific Broker is very risky and not a reliable forex broker.

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Trading Products Provided by Pacific Broker:

  1. Pacific Broker offers forex , and users can access and trade a variety of currency pairs through this platform, whether they are major currency pairs (such as EUR/USD, GBP/USD or USD/JPY) or minor and exotic currency pairs.
  2. In addition to forex, Pacific Brokerage also offers its clients the opportunity to trade futures contracts. A futures contract is an agreement to buy or sell an asset based on a predetermined price and date, which provides investors with the opportunity to gain exposure to a variety of assets, manage risk, and gain potential profits based on market expectations.
  3. Besides, Pacific Brokerage supports options trading, where clients can sign contracts granting themselves the right to buy or sell an asset at a predetermined price within a specific time frame. At the same time, customers can trade exchange traded funds (ETFs), which are listed on the stock exchange and represent a diversified portfolio of assets.
  4. Finally, Pacific Brokerage also offers the trading of forward contracts, which are agreements that allow an asset to be bought or sold at a predetermined price on a specific date in the future. Customers can choose from more than 35 different instruments to trade, including currencies, indices, metals and commodities, thus finding trading opportunities in the changes of global markets, whether it is day or night.

Contact Information:

Investors can contact Pacific Broker in the following ways:

  1. telephone
  2. e-mail

Conclusion:

Pacific Brokers' lack of effective regulatory information, as well as negative comments on the Internet, have increased the risk. As a result, Pacific Brokers is flagged as a "suspected fraud" on Traderknows. Investors are also reminded to exercise caution and conduct thorough research before making any investment decisions.

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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