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The chance of failed transactions is minimal, and our Predcoin.com review exposes all risks. There’s nothing worse than a broker who leads investors by claiming no risks involved. But, of course, there are risks when it comes to investing.
Here’s our detailed PREDCOIN REVIEW.
Predcoin.com claims the highest level of regulation and fails to produce such documents. A genuine broker MUST show valid copies of their license from regulators.
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According to the about us page, the purpose of creating this platform is to introduce people to financial markets. We see the broker selling the platform as a gift to the trading world. This is in terms of financial access and trading instruments.
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With claims of having slightly above 39,000 active traders, the platform would by now enjoy some traction. Nonetheless, no one seems to have heard of this broker. And that’s why we have to expose them.
The broker boasts large transaction volumes, including over $150 million. These are false details, as the broker doesn’t offer such features. What you have is an attempt to fool investors into believing there’s actual trading.
Other false narratives include four years in the making and producing the best and most secure ecosystem. With hundreds of investors filing withdrawal complaints, PredCoin is not doing well.
Most investors who reached out seem to share the same story with the platform. Unfortunately, the broker fails to offer much in terms of reliability. Accountability and transparency are out of the question with predcoin.com.
Before investing in any platform, experts recommend doing due diligence. Try and find out what makes a broker work for you. Weigh the pros and cons before committing funds. Check out their track record and withdrawal complaints, if any.
No, investing with this platform will only make you lose a large chunk of funds. The broker faces withdrawal complaints. After joining the platform, you will trade and not enjoy the fruits of your labor.
There are several red flags we exposed on this platform. These include claims of having a license from the Financial Conduct Authority. In addition, the broker claims multiple regulatory access, including one from Mauritius.
We see a broker listing false regulatory claims without valid proof of these documents. These include the false license number on display. That’s the extent the broker is willing to go to fool naïve investors.
To cut the story short, no one gets to profit from predcoin.com.
Instead of offering members world-class trading terminals, members get a dismal custom-built platform. It’s a far cry from the reliable and reputable MT4 and MT5 platforms traders are accustomed to.
We found several issues with their trading platform; instability was the biggest one. The platform is unstable and fails to load all trading assets. As a result, members must constantly refresh the pages to get a clear view of financial instruments.
We recommend using MT4 and MT5 platforms, thanks to the ease of use. These two platforms are ideal for expert and newbie traders. You can test set conditions and improve your trading skills with a valid demo account.
The custom-made trading platform lacks educational materials to help members. There’s no demo account, and the analytics and graphics are way off. You also won’t find any technical analysis tools for trading.
Make sure to download MT4 or MT5, as they are compatible with any device. Then, you can start testing your trading skills and continue to learn more.
There are three accounts available for the taking. Each of these plans promises users a different feature. Here’s a closer look at each of these accounts;
Beginner
The minimum acceptable deposit for the beginner trader is $150. Leverage starts at 1:100, with the broker promising instant execution. Members get a limited number of trading instruments; cryptos and metals are not available.
Amateur
It’s where features get interesting as the broker demands a minimum deposit of $1,000. Leverage is 1:500 with additional trading instruments, including cryptocurrencies and metals. Members also get a promise of deposit insurance.
Professional
It’s the most exclusive account of them all. There’s a minimum investment amount of $10,000. The broker promises 24-hour support and protection of deposits. The leverage is set at 1:500.
There’s an issue with the high leverage on amateur and professional accounts. There’s no way the FCA would grant a license to a broker offering such high leverage. Regulators agree to a maximum leverage of 1:100.
Retail traders in the United States enjoy maximum leverage of 1:50.
High leverage puts your trading position at risk. This is because only the broker gets to profit through the commissions earned. That’s why we must expose this aspect to guard you against falling for such risky trading features.
There’s little information on who runs or operates PredCoin. And that puts your trading position at risk. We have a broker that doesn’t offer much in terms of fair trading practices. There’s little transparency on the platform.
You would expect to see profiles of founding members or staff members of the platform. Unfortunately, that’s not the case, as the broker fails to offer much accountability. You would want to invest in a reputable platform in the industry.
Members get to trade with five trading instruments. These include cryptos, forex, metals, indices, and stocks. The broker pairs leading crypto assets against each other and leading currencies. You get to trade metals such as gold, platinum, and silver.
Forex trading is the heartbeat of the platform’s activities. The broker offers major currency pairs only. You won’t get to spread risks with exotic and minor pairs. Indices available include those from America, Asia, and Europe.
There’s a wide array of stocks found on the platform. These are stocks from companies in all fields, including manufacturing and tech industries.
After signing up, a pop-up message appears even before accessing the member dashboard. Members must deposit the minimum deposit for any of the three accounts. Funding methods include bank and wire transfers.
The broker will insist on crypto payments due to the anonymous factor. And that’s one reason to stay away from the broker.
Withdrawing funds from the platform remains the biggest hurdle facing members. Unfortunately, the broker even blocks members from withdrawing the principal amount. And that’s why we flag the broker as a scam.
Predcoin.com doesn’t have a valid license to operate or offer liquidity services. An anonymous and unregulated broker should be the last option. These brokers fail to follow the regulatory framework.
An excellent example is a blatant disregard for leverage rules. The broker does this intentionally to take advantage of naïve traders who don’t know the rules.
Let authorities know of the scam, especially the FCA. Our review will only let traders know the risks associated with the broker.
Please stay away from this broker.
NB: Invest in safe crypto strategies tested by experts.
Do leave a comment or email us with any queries.
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