Beware of the Pcmtrades broker, it is an obvious scam that you certainly should avoid.
Pcmtrades is a Forex broker that offers five different accounts, from basic to platinum. Higher accounts come with a personal account manager, trading strategy, training and most importantly trading signals.
The minimum deposit amount with Pcmtrades is $250, you can use payment cards, bitcoin and wire trasnfers. The trading platform is provided by Wise Banc.
Pcmtrades scam
The first red flag is that Pcmtrades used Wise Banc’s trading platform, because Wise Banc is a known scam brokers that several financial regulators have warned against.
But there are tangible proofs that Pcmtrades is a scam too.
Fake awards
You should always be very careful when a broker claims that its trading platform is award-winning. You should be able to verify it, but with Pcmtrades it is clear that all the awards are fake.
It is because the broker was created only in 2019, while it displays awards from 2014, 2017 and 2018. No need to explain that a broker cannot win awards when it does not even exist. You will find the proof on our picture.
Fake Pcmtrades testimonials
When it comes to Pcmtrades reviews and testimonials, the broker shows some success stories on its website. Unfortunately, everything is fake.
The broker has used stock photos, so people you see on the images are not real clients, the stories are fake. This is a dirty trick that proves that Pcmtrades is a fraudulent broker.
Illegal
Last but not least, Pcmtrades claims to be located in the UK, but it is not registered nor authorized there.
The broker is unregulated, therefore it is acting illegally by providing investment services.
Pcmtrades review conclusion
Pcmtrades clearly is a scam broker associated with the infamous Wise Banc. Stay away from it, if you don’t want to lose money.
For financial trading you should always use regulated brokers to have certain degree of protection.
