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Pacific Alliance Capital (Pacificalliance-capital.com) is another brutal CFDs and Forex platform stealing from most investors. PacificAllianceCapital is professing to offer investors and traders basic products, ETFs, indices, treasury bonds, and stocks. PacificAlliance Capital is claiming to give traders access to more than 10,000 underlying instruments. With such an assortment of assets, investors believe that this is a real trading website. Read this genuine PACIFIC ALLIANCE CAPITAL Review for more details.
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A closer look at the website reveals some damning information regarding the scam tricks in play. We stumbled upon this website after searching for trading platforms in South America. After thorough research, we were shocked to learn that majority of members were not able to withdraw funds. And this prompted us to conduct a thorough investigation revealing the dos and don’ts of trading. Pacific Alliance Capital is one platform traders in South America should stay away from.
Scam artists have taken a hold of the South American online trading world with this bogus platform. These scam artists have simply cloned another website and used that information as their own. With the help of images, newbie investors and traders will easily believe this website. And this is why we feel it is our duty to protect the good online trading name. These scam platforms should be exposed to ensure traders in South America use recommended products only.
On the top half page of their homepage, one can see that the platform claims to be based in Costa Rica. For some, this could be true, from experience; these could be offshore scam artists. They use Costa Rica as their base of operation to make it appear the platform is for South Americans. In real sense, this could be an offshore brokerage firm located in the Marshall Islands. A lot of scam artists use false location details to try and scam investors from that region. Pacific Alliance Capital is no different as the evidence will prove.
Anonymity is one of the biggest red flags we spotted with this platform. No mention of who exactly owns and operated the entire website. It would be best if we knew the founding members of this platform. Details on their company page are sketchy and don’t mention any names. And this is a recipe for disaster. Without clean ownership details, we can assume this is a scam. Scam artists will do anything to make sure their names are kept out of their platforms. Smart investors just need to stay away.
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The entire website does not have any information regarding the license and registration documents. You would expect the website to have a license and registration number posted on their homepage. Without it, users are depositing funds to an unregulated online trading platform. Security of funds is at risk since the platform does not comply with set industry regulations and rules. Members are not insured and they should never expect any compensation in the event if bankruptcy.
We contacted various online regulatory bodies to try and confirm the status of this platform. All regulatory institutions we contacted all has the same answer, not registered. Some of the regulatory bodies we contacted include ASIC, CySEC, FCA, and FMA. None of these bodies has ever heard of this illicit trading platform. And this is why you must stay away from this platform and never deposit funds with them. Without a valid license, this could as well be a money laundering website.
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After looking closely at the entire website, we could not come up with any trading advantage. These scam artists may clone the website but the results are the same. A majority of investors are unhappy with how they were treated in the hands of this platform. Pacific Alliance Capital is not to be trusted when it comes to online trading. Ensure you sign up with recommended platforms and stay away from unregistered online entities. These are scam artists who will do anything to ensure they get your hard earned money.
What we noticed with this platform is lack of an active account type. Pacific Alliance Capital is not offering any account levels or types to investors. What this means is that traders deposit funds and give full control to the platform. Once you deposit funds, you wait and see whether they make profit for you or not. Another problem is that they fail to disclose their acceptable minimum deposit. The industry has set $250 as the required minimum deposit, these scam artists are asking for more.
When you click on their contact page, you will notice they prefer use of email. A phone number is listed but the problem is this line is ever busy. The problem with emails is that these scam artists will never respond on time. The Google maps does not show where the platform is located, they just use another monument. These are scam artists who would never have thought that an investigation would reveal their dirty tricks. Stay away from this platform and never sign up with any of their affiliate programs.
Lack of a demo account is another issue we found with this platform. These scam artists will never give users a chance to test how their platform works. A smart investor will insist on trying out a demo account before committing to a real account. These scam artists don’t want users to note that they have an unstable trading platform. Another problem is that the platform is slow which means investors will lose money. Stay away from online trading entities with no demo accounts.
Another disturbing feature we noticed with this platform is lack of a working platform. They fail to mention which type of trading platform they use. Victims have been complaining that the platform shuts down unexpectedly on mobile platforms. The reason for this is that Pacific Alliance Capital uses an unstable trading platform. Lack of proper features makes the platform incapable of holding large users. And this is an easy target for hackers as no security software is available to protect users.
With the number of complaints expected to rise, Pacific Alliance Capital is never going to safeguard funds. The platform has a loophole which allows third parties to gain entry and steal personal data. These are lame scam artists who have nothing else to do but steal funds from online investors. Lack of security software such as DDoS protection and SSL encryption is proof of the platforms lapse.
With the evidence on our hands, we can safely conclude Pacific Alliance Capital is a scam. Ensure you stay away from this platform and never sign up with any of their illicit affiliate programs. Mark all their promotional emails as spam and never click on any links. Warn your family and friends answering any calls from their so-called account managers.
We have to add Pacific Alliance Capital to our scam blacklist and ensure no one else falls for this trap.
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Wishing all investors a happy and prosperous trading period.
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