Pacoxr (Pacoxr.com) is another CFDs, Crypto Currency, and Forex scam to hit the lucrative trading world. With claims of offering a new Tesla for users who sign up, Pacoxr is out to get as many investors as possible. Before signing up with this bloody online scam platform, there are a few things to note. Members are crying foul after being blocked. Read this detailed and honest PACOXR Review for more.
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After getting some distress emails from members of this platform, we knew trouble was brewing. How can over fifty members be complaining of having their accounts closed with no reason given? An investigation was underway and we were at first shocked to learn that some members had deposited over $30,000. Trading with this platform has been a ride from hell as Josh puts it, he lost all his savings. Continue reading and find out some of the tricks used by scam artists to steal from investors.
Scam artists will use over the moon claims and promises to capture the interest of investors. In this case, a Tesla is on for grabs and interested parties have to simply contact their brokers. Such antics are meant to bring more and more victims into this trap. Thanks to our years of trading experience, we know how to spot a scam from a mile away. We will reveal some of the major reasons why investors should stay away. Smart investors should know when no ignore a platform.
Pacoxr is claiming to offer competitive pricing and intuitive tools to investors. Why are these tools leading nearly all members to lose their funds? Algo trading is another feature we noticed with this platform and is a total lie. Investors are losing big because this is a scam, no algorithm trading is involved. A huge red flag with this platform is no one knows where their base of operation really is. Can we get to know the actual place the office of this platform is located?
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Another disturbing feature with this platform is the level of anonymity involved. With their claim of offering a brand new Tesla, who are the founding members of this platform? Can we get to know the actual names of people running this platform? Anonymity is a scammer’s best tool as it allows them to steal without being tracked. Stay away from any online investment platform that is anonymous. Demand to know and verify the actual people involved with the platform in question.
What we found out with this platform is they are not licensed anywhere on the face of the planet. We reached out to various regulatory bodies from all corners of the world to verify their status. These included ASIC, CONSOB, CySEC, FCA, FSC, NFA, and SEC. None of these bodies has ever heard or registered this broker. With this concrete proof, it is clear Pacoxr is unlicensed and unregulated.
A genuine and true broker will post details of their license for all to see. By doing so, they show transparency and gives investors a chance to verify the information. The platform in question does not post even a license number on their homepage. Clearly, we are dealing with professional scam artists who are targeting unsuspecting investors. Best thing is to steer clear of this lousy platform.
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After heavy research, we could not come up with any advantage of dealing with this platform. How can there be any advantage of dealing with a platform which is lacking in validity? Anyone who signs up with this platform should expect nothing else but a loss making trading experience. The fact that Pacoxr is unlicensed means the owners can steal your funds at any given time. Recovering funds is next to impossible as their platform only has an email as a means of making contact.
Pacoxr is offering users three different account types to choose from. Accounts are listed as Mini, Classic, and Premium. Mini account which is the basic account demands a whopping $500 to start trading. Investors should know by now that the industry set minimum deposit is set at $250. Account features are almost identical which makes us question the intent of this rogue platform.
Bank transfer, wire transfer, credit/debit card are the means which funds are deposited with this platform. Account funding process is easy and quick and takes less than five minutes. Another shocking issue is with the withdrawal process which might never happen. We have members who have sent withdrawal requests for months and never getting a response. With this habit, it is clear we are dealing with a scam.
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Although they claim to have MT4 trading platform, we have an issue with their web trader. Lack of security features is enough to warrant the closure of their web platform. Without proper DDoS and SSL Encryption, we are dealing with a risky web session. Hackers will easily take over this platform and steal personal details from this platform. Imagine your credit card details in the wrong hands? The possibility of this platform being in league with hackers for identity information is also high.
Did you realize the website lacks any phone numbers as well as live chat support? How can a broker fail to post their phone number on their website? A closer look at their contact page reveals that the platform only offers email and a time to send them. What happens when a trader requires a fast response? Scam artists use this tactic as they don’t want to be contacted by authorities and their victims. Ensure you never sign up with a platform with only one communication channel.
How can funds be safe with a platform which is anonymous, unlicensed, and lacks communication channels? Segregation of accounts is also another problem which users are facing with this platform. It turns out Pacoxr is not participating in a compensatory scheme as dictated by law. Stay away from this illicit platform or become one of their next victims.
Evidence clearly shows we are dealing with another online scam. With no registration details, Pacoxr is a scam which is stealing from users. Mark all their emails as spam and never click on any links sent by their email marketing team. Make sure to warn your family and friends from joining any of their affiliate programs. Stay away from their video marketing blogs as they are using fake actors to justify their winnings.
We will add this platform to our scam blacklist to ensure they never target our readers.
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Wishing you a successful trading experience.
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