Pacific Alliance Capital Review Few Things You Must Know About Pacificalliance-capital.com

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Contents

Pacific Alliance Capital Review – 5 things you should know about Pacificalliance-capital.com

Beware! Pacific Alliance Capital is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Pacific Alliance Capital is a Forex brokerage supposedly registered in Costa Rica. It provides a web-based terminal, not the MT4 trading platform. The brokerage chooses not to disclose further information.

Pacific Alliance Capital regulation & safety of funds

We read on the website of the brokerage only a contact address in Costa Rica without further clarification. This leaves us pretty much in the dark and renders the website anonymous. We have always warned readers against the dangers of anonymity in Forex trading, especially when it comes to the actual provider of the financial services.

Furthermore, e ven though South America has advanced significantly in its economy, Forex trading is as of yet still not integrated within the regulatory framework. The local regulatory agencies do not license Forex brokers and instead focus their attention on stock trading. This posits much regulatory uncertainty for Forex trading and potential clients of the brokerage are not guaranteed security and transparency as with brokers under the oversight of respectable European financial watchdogs . On top of this it appears the brokerage has been targeting Spanish traders without proper authorization. The lack of credible regulation leads us to conclude that traders will be exposed to much unwanted risk.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with CySEC it is up to 20 000 euro per person.

Pacific Alliance Capital trading software

Putting that aside, the brokerage states that it provides the MetaTrader4 is not among the supported terminals which is something we do highly appreciate. Such a multi-functional software is certainly an advantage for traders . Unfortunately, there isn’t a demo account available which we always view favorably since it’s the most transparent way of getting acquainted with the trading conditions of the broker. Accidentally, there isn’t any available information regarding the trading conditions on the website either which makes trading with Pacific Alliance Capital akin to scratching a lottery ticket

Pacific Alliance Capital deposit/withdrawal methods and fees

Potential clients may deposit or withdraw via the standard Visa and MasterCard, however, e-wallets such as Skrill, Neteller are missing.

Interestingly enough, we read nowhere anything regarding withdrawal fees, however, this does not mean that the brokerage might charge some unexpected fees. This is why we always advise traders to put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Unfortunately, the possibility of a scam looms over almost every trade in forex, especially if you are dealing with an unregulated brokerage. That is why we believe traders should be acquainted with the methods of a scam. Here is how it would typically go about:

Through clicking an ad with promises for fast money, you will be redirected to a website such as Bitcoin Evolution or Crypto Cash where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The motive here is quite straightforward – traders have a limited time window for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing this crucial period and, along the way, losing any chance you might have of getting the money back.

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What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback. Furthermore, due to the high instances of fraud – both Visa and MasterCard have decided to sidestep scammers as best they can in Forex trading. The first thing we have seen so far is that MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

Pacific Alliance Capital Review: Few Things You Must Know About Pacificalliance-capital.com

Pacific Alliance Capital Review: Is Pacificalliance-capital.com legit? Before you decide to signup with this brokerage, stop and think. How true is the information on their website? What if it is a scam? Read and find out the result of our investigation.

Pacificalliance-capital.com is the website of a web-based platform that promises a great chance at making fantastic profits in the Forex market. It is an offshore Forex brokerage that claims to be registered in Costa Rica.

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What Pacific Alliance Capital Say They Have to Offer

Pacific Alliance Capital claims to offer traders more than 150 currency pairs to trade with. They say that give access to more than 114 trading tools, more than 97 indexes and tight spreads. Given the language barrier, we were unable to discover much.

Pacific Alliance Capital Withdrawal and Deposit Methods & Fees

Pacific Alliance Capital’s method of funding are through Visa, MasterCard and E-Wallets. We were unable to discover any withdrawal fee.

This is why we advise that potential traders to deposit only the minimum capital deposit. After sometime, withdraw a small amount so as to discover the condition associated with withdrawal and deposit before investing a bigger amount of money.

Due to lack of demo accounts, we are unable to provide you more information

Pacific Alliance Capital Trading Software

This brokerage states that it does not support MetaTrader 4 trading platform which is inarguable the best platform for trading. We appreciate their honesty. However, they offer multi-functional software they claim would be an advantage for potential traders .

Pacificalliance-capital.com has no provision for demo accounts. Also, there is no credible information available regarding this brokerage’s trading conditions. Therefore we are unable to ascertain the information provided by our sources.

Is Pacific Alliance Capital Licensed?

During our investigation, we discovered that Pacificalliance-capital.com provides little information about their background details and legitimacy. The anonymity of this brokerage confirms that Pacific Alliance Capital has something to hide. This does nothing to assure potential traders of the safety of their investment.

Earlier we mentioned that this brokerage is registered in Costa Rica, South America. We discovered that South America’s local regulatory agencies do not license Forex brokers. They majorly focus on stock trading.

Furthermore, e ven though South America has advanced significantly in its economy, Forex trading is as of yet still not integrated within the regulatory framework. The local regulatory agencies do not license Forex brokers and instead focus their attention on stock trading.

This implies that not only is this brokerage unlicensed, the investment of potential traders are not guaranteed safety.

Customer Support

E-mail: [email protected] Pacificalliance-capital.com

Address: San Jose, Costa Rica. South America.

Conclusion

As a result of our investigation, we are of the opinion that Pacific Alliance Capital maybe a scam. They do not present adequate information on their background and trading conditions. The language used in their website is Spanish and this poses a barrier to non-speaking. We advise that traders should tread with caution and invest only the capital deposit to avoid much loss.

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Pacific Alliance Capital Review: Few Things You Must Know About Pacificalliance-capital.com

After doing some research, we found out that a lot of investors are reporting Pacific Alliance Capital and writting bad reviews about it.
It seems like they are not happy about it and they warn others not to invest with them.

It’s always important to know what other investors are thinking about a company before investing with it and we can say that they are not saying good things about Pacific Alliance Capital.

What do regulators say about Pacific Alliance Capital ?

This is the most important thing you need to know about an investment company before using it. Is Pacific Alliance Capital regulated ? Is it an offshore company ?

Most investment company are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if an online company steal your funds, you won’t be able to complaint about it unless they are licensed by a serious regulator such as the CySEC (Cyprus Securities and Exchange Commission).

An unregulated company is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

Pacific Alliance Capital is an unregulated investment company located at Saint Joseph, Costa Rica.

They can be contacted by phone at this number : +50622020354 or you can send an email to [email protected]

You should definitely avoid any unregulated or investment company and Pacific Alliance Capital is one of them.

Have you been Scammed by Pacific Alliance Capital ?

Have you been victim of this company ? Did you lose money with them ? Everyone does mistakes. Don’t worry, you are not alone, and we are here to help you.

Our team of experts is available 24/7 in order to help you recovering your hard-earned money.
After asking you some questions, they will be able to build a chargeback case to fight the company and get your money back as soon as possible.

Chargeback is the solution

As we said before, the good news is that there is a solution and it’s called a Chargeback.
But what is a Chargeback ?
A Chargeback is the retroactive cancellation and refund of a charge made using your credit card.

Not a lot of people know that, but there is a high probability of getting your money back when you build a Chargeback case as long as it is built correctly from the beginning to the end.

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Hunely Capital review – 5 things you should know about Hunelycapital.com

Beware! Hunely Capital is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Hunely Capital is an offshore Forex brokerage registered in St. Vincent and the Grenadines. It provides the MT5 trading platform and a leverage of just 1:2 which is quite low and strange. Furthermore, the spread on EUR/USD is just 0.7 pips which is lower than the industry average and in favor for traders.

Hunely Capital regulation & safety of funds

On the brokers website we read that the broker brand is owned and operated by a SVG-based company with the name Hunely Capital Limited. Saint Vincent and the Grenadines is a well-known offshore zone and a preferred location for shady brokerage.

We remind readers that the government of SVG has multiple times publicly stated that it does not oversee Forex trading and thus we may safely conclude that not only is the brokerage not regulated. Furthermore, trading with an offshore, unregulated brokerage hides a lot of risk. There may be commingling which means that the brokerage may commingle together the finances of the firm and the finances of the clients. Furthermore, while reading through the terms and conditions of the brokerage we came upon the following:

We read that the brokerage supposedly follows the laws of South Africa while also stating it is registered in Saint Vincent and the Grenadines. We also came across an UK contact address and we would like to point out that such chaotic corporate information only further speaks about the uncertainty surrounding the brokerage. However, putting all this aside – the brokerage does provide the MetaTrader 5 trading platform, however, without an available demo account which we consider a disadvantage because we cannot execute trades and see whether there is a commission. We did get a view of the platform through a live-trade account. Here is a screenshot:

On it we could see a spread of 0.7 pips on EUR/USD which is exceedingly low and definitely in favor for traders. However, the leverage extended to traders is only 1:2 which is quite odd since SVG-registered offshore brokerages are known for their generous leverage because they aren’t constrained by any cap.

Furthermore, while going through the website of the brokerage we read that it supposedly offers copy-trading. There isn’t a test-drive available for the automated trading software but the option of copy-trading is quite neat because it allows traders to follow other traders and automatically copy their dealings. It is a sort of social trading element in Forex which we always consider an advantage.

Overall, the lack of regulation inclines us to suspect that potential clients of the brokerage may be open to substantial risk.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with CySEC it is up to 20 000 euro per person.

Hunely Capital deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw via credit cards and wire transfer, as well as the e-wallet Skrill.

Going through the terms and conditions of the brokerage we did not find any information regarding potential fees.

Many scammers choose not to disclose such information to would-be clients. Without proper information on the website we cannot be certain whether clients won’t be charged with any unexpected withdrawal or deposit fees once they invest. This is why we advise traders to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Even though the forex trading world is extremely large and encompasses millions of people around the globe, the most common scamming is pretty simple and straightforward and as such – it’s not particularly daring to avoid. Here is a quick overview of how it is done:

Through clicking an ad with promises for fast money, you will be redirected to a website such as DaxRobot or CryptoContracts where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have a limited time period for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing thе crucial period and, along the way, losing any chance you might have of getting the money back.

It is important here to take notice that both Visa and MasterCard are taking measures to combat unregulated forex brokerages by classifying all forex transactions as high risk. And with the case Traderia – they are correct in doing so. Furthermore, supporting their intention with clear actions – MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

Mind Capital Review – 5 things you should know about Mind.capital scam

Beware! Mind Capital is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Mind Capital is a CFD brokerage based in Spain. It provides а web-based trading platform, not the the MetaTrader 4 platform. The required minimum deposit is only $100 which is quite low, however, further trading conditions remain undisclosed.

Mind Capital regulation & safety of funds

Reading through the terms and conditions of the brokerage we discern that the website is actually anonymous, we only find a mention of Spanish laws. We remind readers that Spain is a member-state of the European Union and online Forex trading is duly integrated within its regulatory framework which is modeled after the ESMA guidelines. However, we find no mention of a license by the Spanish authorities – thus we may safely conclude that the brokerage Mind Capital does not fall under any regulatory oversight whatsoever. Furthermore, while researching the brokerage on the web we came upon an official warning issued by the Spanish financial watchdog CNMV regarding the brokerage. It states that it is suspected in being involved in scam operations and further in targeting Spanish traders without proper authorization.

On top of all this we learn that the brokerage is offering Multi-Level Marketing (MLM) which isn’t among the popular tropes of a legitimate brokerage because the payments are made before any potential gains and profits. It seems website is nothing more than the typical market maker scam we have seen quite a lot lately. All this incline us to suspect that potential clients of the brokerage may be exposed to substantial risk.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with CySEC it is up to 20 000 euro per person.

Mind Capital trading software

The brokerage does not provide the MetaTrader 4 trading platform (only a web-based one) which we always consider a disadvantage since it is the foremost trading terminal at the moment equipped with features such as almost a 100 market indicators, as well as customizable trading robots. The brokerage does purport to provide a web-based trading platform. However, the web-based trading platform leaves something to be desired as it turns out to be a simple dashboard with no discernible trading conditions. It is clear the website is a scam without any real opportunity for Forex trading.

Mind Capital deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw via the standard Visa, MasterCard and bank wire, as well as Bitcoin. Popular e-wallets such as WebMoney, Neteller, Skrill are missing.

Going through the terms and conditions of the brokerage we did not come upon provisions worth noting. We do understand from the QA section that withdrawal requests take up to 90 days before being processed which is deeply disturbing and speak further of the ill-minded intentions.

This is why we advise traders to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Even though the forex trading world is extremely large and encompasses millions of people around the globe, the most common scamming is pretty simple and straightforward and as such – it’s not particularly daring to avoid. Here is a quick overview of how it is done:

Through clicking an ad with promises for fast money, you will be redirected to a website such as Bitcoin Evolution or Cashless PayGroup where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have a limited time period for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing thе crucial period and, along the way, losing any chance you might have of getting the money back.

It is important here to take notice that both Visa and MasterCard are taking measures to combat unregulated forex brokerages by classifying all forex transactions as high risk. And with the case Btcoinpro – they are correct in doing so. Furthermore, supporting their intention with clear actions – MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

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  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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