PcmTrades (Pcmtrades.com) is another rotten Forex scam platform to hit the lucrative trading world. PCM Trades is professing to offer the perfect accounts with favorable trading options. A closer look at their website reveals this is nothing but a scary online scam. Members have already started coming out with complaints associated with this platform. Want to know more? Read this genuine and honest PCMTRADES Review and get the whole truth.
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After receiving numerous email complaints from members, we decided to get to the bottom of things. PcmTrades is another crude platform which is openly stealing from anyone who signs up. Thanks to our thorough investigation, we are about to expose the tricks used by these scam artists. What PCM Trades is doing is hiding behind a cloned trading website and nabbing unsuspecting online investors. Read this detailed review to find out the truth regarding this rogue online platform.
What seems to be a genuine trading platform is nothing but a fake website designed to fool investors. Thanks to our years of investing and trading experience, we know how to post a scam from a mile away. Such scam platforms have been known to steal from anyone who sign up. In case you receive emails and video tutorials, make sure to ignore them. Scam artists are using other successful products’ campaigns as their own. Beware of this illicit platform and their so-called account managers.
Looking at their website, newbies can easily believe what they see. No one can notice this is a scam by just looking at it at first glance. With over the moon claims and promises plastered all over, newbies tend to believe these claims. The homepage suggests users join over 262,000 traders already using this platform. What you seem not to know is the platform is a cloned website of another scam. PcmTrades is using the same website as Poseidon Tradings platform scam which we earlier exposed.
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Another disturbing feature with this platform is the level of anonymity associated with them. No one knows the actual founding members of this platform. We can’t tell the actual names of people who are running the show. Anonymity is a scammer’s best friend as it allows them to hide behind the unknown. Scam artists know it is next to impossible to track them once they create anonymous websites.
You would expect the platform to be licensed and registered with over 262,000 traders. Disclaimer at the footer of the homepage does not show any license or registration number. We also reached out to various online regulatory bodies to try and confirm the license details. As it turns out, no regulatory body has ever heard of this platform. Some of the bodies we contacted include ASIC, CONSOB, CySEC, FCA, NFA, and SEC. None of them has ever heard of this illicit platform.
Why have they failed to post their license number for all to see? Make sure to stay away from this platform and start using industry recommended brokers. A real platform will post copies of their license certificates for all to see. Without a valid trading license, users are putting their funds at risk. No one can compensate them since they were dealing with an unauthorized foreign entity.
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We could not come up with any advantage of trading with this illicit platform. How can there be an advantage of trading with a platform with no credible license? No one knows the actual physical address of this platform. What we do know is this has signs of an offshore brokerage. It is best to stay away from them and start using recommended products.
PcmTrades is furnishing users with five different account types to choose from. Accounts are listed as Basic, Bronze, Silver, Gold, and Platinum. Bonuses start from 40% to 100% depending on the account type. It has become a bone of contention as these scam artists will demand you pay them back the bonuses issued. Why issue a bonus when you will later ask for it back?
Another shocking discovery with this website is they are using a rigged demo account. A rigged demo account is used to produce fake and insane results. With a rigged demo account, investors make over 97% successful trades all the time. Remember a demo account uses virtual money which is not real. Depositing any funds will lead to huge losses.
Ryan, Emily, and David are characters used to show happy and successful traders. As we always say, scam artists will do or say anything to make their platform appear legit. In this case, they have used stock photos and used random names to give the testimonials a real feeling. Why would anyone believe a testimonial from a fake person? Scam artists ensure no one can trace the people behind the testimony.
Another shocking revelation with PcmTrades is using fake awards to try and legitimize the platform. Awards such as best breakout platform 2014 are meant to try and give the platform a solid reputation. If you look closely at these awards, you can see they are simply badges. Once you receive an award, the award has your name on it. If that’s not possible, the one giving the award would have a list of winners. These awards are all part of their master grand plan to scam investors.
How can funds be safe with a platform which fails to have proper DDoS and SSL encryption layer? Hackers can easily steal credit card information. Stay away from these scam artists who will say anything to get your money. Segregation of accounts is also another huge problem with this illicit online platform.
Evidence clearly points at PCM Trades being a scam which is targeting rookie investors. PcmTrades is a scam which must be exposed and authorities asked to shut the website down. Mark all their emails as spam and never click on any links sent by their email marketing team. Whoever signs up with this platform should know they are handing over their funds to scam artists. Warn your family and friends from joining any of their affiliate programs.
We will be adding this platform to our scam blacklist to ensure no one signs up with them. Our readers now know what to expect with this platform.
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Wishing all investors a happy and prosperous trading period.
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