In this PCM Broker review, we reveal that Perfect Capital Markets is a shady Forex brokerage whose operations are questionable at best.
This PerfectCapitalMarkets review is backed by customer feedback at the FPA, a popular forum where unhappy Forex traders pour out their frustrations after getting scammed.
PCM Forex broker is on the spotlight for all the wrong reasons. As of last year 2017, this brokerage had been claiming to be UK-registered.
Our investigations reveal that they are only registered as a business in the UK. Unfortunately, the company is not listed under the FCA regulations.
Perfect Capital Markets appears to be a cash cow, and a big Forex fraud in the history of Forex trading.
PCM Forex broker is also known for threatening customers who have published negative reviews about them on public forums.
”If you fail to remove negative reviews on the FPA platform, we will not refund your deposit.” That’s a quote from one of their victims who got frustrated after losing $3,000 in the blink of an eye.
PCM Forex brokers are also known to have mastered the art of sweet-talking. These charlatans have employed people who can talk their customers into investing $3,000 or more.
They are skilled. But they are snake oil salespeople. PerfectCapitalMarkets will only stop pestering potential clients once they have held them by the balls and kicked their ass.
Of course this happens the moment you send them your trading capital which can never be withdrawn from the platform.
Can we say Perfect Capital Markets is a scam? Definitely. These trends suggest that the company is dubious and not ethical.
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Perfect Capital Markets offers 5 different types of trading accounts. They claim that in each of the 5 trading accounts, features will include micro lots, variable spreads as well as NDD trading environment on the popular MetaTrader4 software.
PCM broker charges commissions for each of the 5 types of trading accounts with the exception of their Islamic account – which is of course not charging commissions but capitalizing on bigger spreads.
The initial deposit for the PerfectCapitalMarkets Forex broker is $100. However, it appears that the cost of trading on the learn PCM broker account type is extremely high. It is not what you’d expect from the best Forex brokers out there.
If fact, Myfxchoice and Octafx are some brokers with the cheapest spreads around. They don’t charge silly commissions or anything related to that, plus they are 100% regulated.
Perfect Capital Markets Review: about the company PCM Ltd
PCM Forex broker claims to be operating out of London, and is offering up to 62 currency pairs, CFDs as well as Gold and Silver. They claim to operate the MT4 trading software.
According to the regulations with regards to Markets in Financial Instruments Directive and the Cysec rules, UK Forex brokers are supposed to be fully regulated.
However, the FCM Forex broker isn’t regulated one bit. The website of the Financial Conduct Authority (FCA) can confirm so. The FCM Forex broker is worthy of joining the list of shame.
To make Perfect Capital Markets look legit, they claim the company was incorporated back in 2007. But a careful analysis of the records found on the Companies House website suggests that PerfectCapitalMarkets was registered in February 2017.
I deduce that this broker is full of false claims, and will never admit anything.
Perfect Capital Markets review – the conclusion
This Forex fraud will go down the history books as one of the most dubious UK Forex brokers who blatantly robbed the most number of traders … that is, if these reviews are anything to go by.
We recommend trading with regulated brokers only. Don’t forget.