PMcrypto Global is a broker that claims to offer trading services in various markets, including forex, stocks, and cryptocurrencies. However, based on our research and client feedback, we have found PMcrypto Global to be a scam broker. This review will outline the reasons why we believe PMcrypto Global is a fraudulent company and why you should avoid dealing with them.
Company Overview
PMcrypto Global claims to be located in the UK and offers trading services to clients worldwide.
Broker Name | PMcrypto Global |
Website | https://pmcrypto.org |
Location | UK (No location address found on their website. Country found from log-in panel) |
Regulation | Not regulated |
Warning | Multiple |
Team
They don’t have any information about their team member. Even if they don’t have any clear about us section. In their About us section, they just copy pasted some texts. They just wrote some generic texts.
Services or Products
PMcrypto Global claims to offer trading services in forex, stocks, and cryptocurrencies, but the information on its website is vague and lacks transparency. They also claim to provide educational resources and trading signals to their clients, but these materials are of poor quality and do not provide any real value.
Trading Platforms
PMcrypto Global claims to offer the popular trading platform MetaTrader 4, but we could not find any evidence that they actually provide this service to their clients. We suspect that this is another false claim to make the company appear more legitimate.
License and Regulations
License status
We already mentioned they cannot show any license information. They don’t even have a clear about us section to show their authorization.
Regulatory status
As this firm is situated in the UK, so, it should be registered with FCA. But, we could not find any information about their regulation.
Why Dealing With Unlicensed Brokers Is Risky?
Trading with an unlicensed broker is extremely risky because they are not held to the same standards as regulated brokers. Unlicensed brokers can engage in fraudulent activities such as market manipulation, price fixing, and theft of client funds. Additionally, unlicensed brokers are not required to follow strict guidelines regarding data protection, client identification, and risk management.
Legal Warnings Against PMcrypto Global
The UK Financial Conduct Authority (FCA) has issued a warning against PMcrypto Global, stating that the company is operating without authorization and may be involved in fraudulent activities. The warning advises clients to avoid dealing with the company and to report any suspicious activities to the FCA.
Client Feedback About PMcrypto Global
About Trading
Several clients made reports against their trading platform. They mentioned the platform is not stable and most of the time their account gets suspended.
About Customer Service
Another complaint against this broker is about their customer service. They don’t have any direct contact way. If you want to contact them, you have to signup, and then they will contact you. They are just hiding all of their information.
How Can FXfarmupdate Help You If You Get Scammed?
If you have been scammed by PMcrypto Global or any other fraudulent broker, FX Farm Update can help you. Our team of experts can assist you in recovering your lost funds and provide you with legal advice on how to proceed. We will provide you with a free consultation and service recommendations to help you in retrieving the fund.
Final Thought
In conclusion, PMcrypto Global is a scam broker that you should avoid at all costs. The company has no physical address, no verifiable team members, and no license to operate as a broker in the UK. Clients who have dealt with PMcrypto Global have reported numerous issues and the UK Financial Conduct Authority has issued a warning against the company. If you have been scammed by PMcrypto Global or any other fraudulent broker, contact FXfarmupdate for assistance.
