English

Inter-Pacific foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.paconline.com.my/gcIPS/openAnAccount.jsp, about the company's legal and temporary regulatory information, the company's address West Wing, Level 13 Berjaya Times Square No. 1, Jalan Imbi 55100 Kuala Lumpur.

Inter-Pacific Forex Broker

Basic Information

Registered Region

Malaysia

Operating Period

Company Name

Inter-Pacific Securities Sdn Bhd

Abbreviation

Inter-Pacific

Company employee

Customer Service Email Address

paconline@interpac.com.my

Contact Number

+600321171888

Company Website

https://www.paconline.com.my/gcIPS/main.jsp

Company address

West Wing, Level 13 Berjaya Times Square No. 1, Jalan Imbi 55100 Kuala Lumpur

Keywords

5-10 years

Suspicious Regulatory License

High potential risk

Company profile

Aspect Information Company Name Inter-Pacific Securities Sdn Bhd Registered Country/Area Malaysia Founded Year 1972 Regulation Unregulated Products and Services Equities, derivatives, Islamic stockbroking services, derivatives trading, custodial & nominee services Account Types Conventional Share Trading Account, Collateralised Share Trading Account (PacPower) Trading Platforms Online Trading Platform (PacOnline), Mobile Trading Platform (iPacOnline) Customer Support Phone: +60 03-2117 1888, Email: paconline@interpac.com.my Educational Resources FAQ, Trading demo Overview of Inter-Pacific Inter-Pacific Securities Sdn Bhd (“IPS”) established in 1972, is a major stockbroking firm in Malaysia, operating under Bursa Malaysia Securities Berhad. As a subsidiary of Berjaya Capital Bhd, IPS specializes in stockbroking services, boasting a substantial paid-up capital of RM 250 million. IPS offers a wide array of trading assets, including equities, derivatives, and Islamic stockbroking services. While it provides a user-friendly online platform and competitive brokerage fees, IPS operates without regulatory oversight, potentially exposing clients to risks. However, IPS remains a prominent player in Malaysia's financial landscape, offering investors various investment opportunities. Is Inter-Pacific legit or a scam？ Inter-Pacific operates without regulatory oversight. This absence poses risks of unchecked practices like fraud, market manipulation, and inadequate consumer protection. Investors face heightened vulnerability to financial losses and lack avenues for recourse in case of malpractice. Moreover, the absence of supervision fosters an environment where unethical behavior can thrive, eroding trust in financial systems and undermining market integrity. Without regulation, Inter-Pacific operates with impunity, jeopardizing both investor confidence and financial stability. Pros and Cons Pros Cons Wide range of investment products Unregulated User-friendly online platform No comprehensive educational resources Mobile trading accessibility Limited availability of international markets No transparent information about its fee structure Complex process to open an ccount Pros: Wide range of investment products: Inter-Pacific offers a wide selection of investment options, providing clients with the opportunity to diversify their portfolios and pursue various investment strategies tailored to their financial goals. From equities and derivatives to Islamic stockbroking, clients have access to a comprehensive range of investment products. User-friendly online platform: The trading platform provided by Inter-Pacific is known for its intuitive interface and ease of use. Clients can navigate through the platform easily, execute trades efficiently, and access essential account information with minimal hassle. Mobile trading accessibility: With the availability of mobile trading, clients can conveniently monitor their portfolios and execute trades on-the-go using their smartphones or tablets. This flexibility enables clients to stay connected to the markets and manage their investments wherever they are, enhancing convenience and accessibility. Cons: Unregulated: Inter-Pacific operates without regulatory oversight, which raises risks regarding the protection of client interests and adherence to industry standards. The absence of regulatory scrutiny could potentially expose clients to risks such as fraud, market manipulation, and inadequate consumer protection. No comprehensive educational resources: While Inter-Pacific provides a range of investment products and trading platforms, there is a lack of comprehensive educational resources to support clients in making informed investment decisions. This limitation hinders clients' ability to understand complex financial concepts, conduct thorough research, and develop effective investment strategies. Limited availability of international markets: Inter-Pacific's trading platform has limited access to international markets compared to other brokerage firms. This restriction could limit clients' opportunities for diversification and hinder their ability to capitalize on global investment opportunities. No information about fees: Inter-Pacific does not provide transparent information about its fee structure, including brokerage fees, commissions, and other charges associated with trading. This lack of transparency leads to uncertainty among clients regarding the costs involved in their investment activities and could potentially result in unexpected expenses. Complex process to open an account: Some clients will find the account opening process with Inter-Pacific to be complex and cumbersome. Products & Services Inter-Pacific offers a range of products and services for various investment needs: Share Trading: Facilitating the buying and selling of shares on various stock exchanges. Share Margin Financing: Providing leverage for clients to expand their investment portfolio through borrowing against existing securities. Islamic Stockbroking Window: Suitable for clients adhering to Islamic finance principles, ensuring compliance with Shariah law. Online & Mobile Trading: Enabling clients to trade conveniently through online and mobile platforms, offering flexibility and accessibility. Investment Research: Providing insights, analysis, and recommendations to assist clients in making informed investment decisions. Derivatives Trading: Offering trading opportunities in derivative products such as futures and options. Custodial & Nominee Services: Safeguarding and managing clients' securities, ensuring efficient settlement and safekeeping. Foreign Shares Trading: Facilitating the trading of shares listed on international stock exchanges, broadening clients' investment options beyond domestic markets. Account Type Inter-Pacific Securities provides two primary account types for shares trading: the Conventional Share Trading Account and the Collateralised Share Trading Account (PacPower). The Conventional Share Trading Account is suitable for investors seeking straightforward access to equity markets without the need for additional collateral. This account type is ideal for individuals who prefer traditional trading methods and do not require leverage in their investment activities. It offers basic functionalities for buying and selling shares on various stock exchanges, suitable for a wide range of investors, from beginners to experienced traders. On the other hand, the Collateralised Share Trading Account (PacPower) is suitable for investors who wish to amplify their trading potential by leveraging their existing securities as collateral. This account type appeals to more sophisticated investors who are comfortable with the risks associated with margin trading and seek to increase their market exposure without the need for additional cash. PacPower provides clients with the flexibility to access additional funds for trading purposes, allowing them to potentially enhance their returns while managing their risk tolerance effectively. How to Open an Account？ Prepare Required Documents: Gather your NRIC (front & back) or Passport. Obtain a Bank Account Statement from a Malaysian-incorporated bank. Ensure you have RM11.00 for the account opening fee. Online Application Process: Access the Inter-Pacific website and navigate to the account opening section. Choose between cash upfront or collateralized account options. Complete the online application form thoroughly. Use your mobile device for eSignature convenience. Payment Submission: Transfer RM11.00 via Internet Banking to cover fees. Ensure the bank account used for payment is in your name (joint accounts not accepted). Submission and Follow-up: Submit your completed application. If submitted after 3.30 pm on a business day or on a non-business day, processing will occur on the next business day. Check the status of your application through the provided channels (online or customer service hotline). Contact Customer Service Hotline for assistance if needed. Trading Platform The Inter-Pacific trading platform offers two main options for clients: PacOnline for online trading and iPacOnline for mobile trading. PacOnline (Online Trading): Enables clients to electronically place orders via the Internet, routed through their remisier or dealer to the exchange for execution. Features real-time Bursa Malaysia quotes and indices, charts, stock scoreboard, order placement, order status inquiry, intraday stock movement tracker, Bursa Malaysia news, company announcements, online statements, and online payment. Aimed at providing a fast, convenient, reliable, and enjoyable trading experience for clients. Clients can sign up for PacOnline to access stock trading from their home, office, or any preferred location with a click of a mouse. iPacOnline (Mobile Trading): Suitable for clients who prefer to trade on the go using smart mobile devices. Offers 24/7 mobile access to real-time quotes, stock info, market depth & summary, intraday & historical charts, order execution, status, and trade confirmation, portfolio management, market news, and updates. Allows clients to stay connected to their trading accounts regardless of their location or schedule. Clients can download the iPacOnline App to access this mobile trading solution. Both platforms aim to provide clients with flexibility and convenience in managing their trading activities, whether through desktop or mobile devices. Customer Support Inter-Pacific offers customer support through various channels. Clients can reach them via phone at +60 03-2117 1888 for English assistance. Additionally, they provide email support at paconline@interpac.com.my for inquiries and assistance. These contact options enable clients to seek help, resolve issues, or obtain information promptly, ensuring a responsive and accessible customer support experience. Educational Resources Inter-Pacific Securities offers a comprehensive range of educational resources to empower investors: Help: Accessible assistance for navigating the platform and resolving queries effectively. FAQ: A repository of frequently asked questions providing insights into trading procedures and platform functionality. Trading Demo: Interactive demonstrations allowing users to familiarize themselves with the trading platform's features and functionality. Security Awareness: Resources aimed at enhancing users' understanding of cybersecurity measures and best practices to safeguard their investment accounts. Conclusion In conclusion, Inter-Pacific Securities Sdn Bhd offers a wide range of investment opportunities, including equities, derivatives, and Islamic stockbroking services. Despite its unregulated status, the company boasts a long-standing presence in Malaysia's financial sector, providing clients with a user-friendly online platform and competitive brokerage fees. However, the absence of regulatory oversight presents risks to investors, including potential fraud and lack of consumer protection. Additionally, the limited availability of educational resources hinders clients' ability to make informed investment decisions. FAQs Q: What types of accounts does Inter-Pacific offer？ A: Inter-Pacific provides Conventional Share Trading Accounts and Collateralised Share Trading Accounts (PacPower). Q: How can I contact Inter-Pacific's customer support？ A: You can reach Inter-Pacific's customer support via phone at +60 03-2117 1888 or through email at paconline@interpac.com.my. Q: What products can I trade with Inter-Pacific？ A: Inter-Pacific offers trading opportunities in equities, derivatives, and Islamic stockbroking services. Q: Is Inter-Pacific regulated by any authority？ A: No, Inter-Pacific operates without regulatory oversight. Q: What are the trading platforms available with Inter-Pacific？ A: Inter-Pacific offers an Online Trading Platform (PacOnline) and a Mobile Trading Platform (iPacOnline) for clients' convenience.

Inter-Pacific broker review

Is Inter-Pacific safe or scam

Rating Index

Inter Pacific Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　Inter-Pacific Securities Sdn Bhd (IPS), established in 1972, is a prominent brokerage firm headquartered in Kuala Lumpur, Malaysia. As a private entity, Inter-Pacific operates under the regulatory framework of Bursa Malaysia Securities Berhad and serves a diverse clientele, including retail investors and institutional clients. Over the years, the firm has achieved significant milestones, notably its substantial paid-up capital of RM 250 million, which positions it as a key player in Malaysia's financial landscape.

　　Inter-Pacific specializes in various financial services, primarily focusing on stockbroking, which encompasses equities, derivatives, and Islamic stockbroking services. The company has evolved its business model to include online trading platforms, catering to the growing demand for accessible trading solutions among investors. As a subsidiary of Berjaya Capital Bhd, Inter-Pacific has leveraged its parent company's resources to enhance its service offerings and expand its market presence.

　　The firm operates on a retail forex model, providing individual investors with opportunities to trade in various financial instruments. Its commitment to customer service and innovative trading solutions has solidified its reputation as a reliable broker in the Malaysian market.

2. Regulatory and Compliance Information

　　Inter-Pacific operates without formal regulatory oversight, which raises concerns regarding investor protection. There are currently no valid regulatory licenses associated with the firm, as indicated by various sources. This unregulated status poses risks for clients, as they may be exposed to practices such as fraud or inadequate consumer protection.

　　The absence of a regulatory body overseeing Inter-Pacific's operations means that there are no specific regulatory numbers or license validity periods. Consequently, clients should exercise caution when engaging with the broker. The firm does not participate in any investor compensation funds, which further exacerbates the risks associated with trading through an unregulated broker.

　　In terms of compliance, Inter-Pacific has stated its commitment to Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, although the effectiveness of these measures in the absence of regulatory supervision remains questionable. Clients are encouraged to conduct thorough due diligence before engaging with Inter-Pacific, given its lack of formal oversight.

3. Trading Products and Services

　　Inter-Pacific offers a diverse range of trading products, catering to various investor needs. The broker provides access to a selection of forex currency pairs, featuring major, minor, and exotic pairs. The exact number of currency pairs available may vary, but the firm aims to cover a comprehensive spectrum to meet the demands of its clients.

　　In addition to forex trading, Inter-Pacific offers Contract for Difference (CFD) products that include indices, commodities, stocks, and cryptocurrencies. This variety allows clients to diversify their portfolios and explore different market opportunities.

　　Inter-Pacific's product offerings are regularly updated, with new instruments being introduced to align with market trends. The firm also provides retail trading services, enabling individual investors to trade across its platforms. While institutional services are not explicitly mentioned, the broker's infrastructure may support such clients indirectly.

　　The firm does not explicitly mention white-label solutions or asset management services in the available information, indicating a primary focus on retail trading and direct client engagement.

4. Trading Platforms and Technology

　　Inter-Pacific supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are popular among traders for their user-friendly interfaces and robust trading features. These platforms allow clients to execute trades efficiently, access market analysis tools, and utilize automated trading strategies.

　　In addition to the MetaTrader platforms, Inter-Pacific provides its proprietary online trading platform, known as PAC Online, which offers clients the ability to trade conveniently via the internet. The firm also offers a mobile trading application, IPAC Online, compatible with both iOS and Android devices, enabling clients to manage their trading activities on the go.

　　The execution model employed by Inter-Pacific is not explicitly detailed, but it is assumed that the firm utilizes a combination of Market Making and ECN models to facilitate client trades. The broker's infrastructure includes servers located in key financial hubs to ensure optimal trading conditions and low latency.

　　API access and support for automated trading are not explicitly mentioned, which may limit advanced traders seeking to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

　　Inter-Pacific offers a variety of account types tailored to different trading needs. The standard trading account typically requires a minimum deposit, which is not explicitly stated in the available information. Clients can expect competitive spreads and commission structures, although specific details regarding these trading conditions are not provided.

　　For more experienced traders, Inter-Pacific may offer specialized accounts, such as VIP or professional accounts, designed to accommodate larger trading volumes and provide enhanced trading conditions. The existence of Islamic accounts is also a consideration for clients adhering to Shariah law, though specific details are not provided.

　　The firm provides a demo account option, allowing prospective clients to practice trading in a risk-free environment. Leverage ratios are expected to vary by product, with common ranges typically between 1:100 and 1:500, although exact figures are not specified.

　　Minimum trade sizes and overnight financing policies are not detailed in the available information, indicating a need for potential clients to inquire directly with the broker for comprehensive account conditions.

6. Fund Management

　　Inter-Pacific supports various deposit methods, including bank transfers and credit cards, although specific electronic wallet options are not mentioned. The minimum deposit requirements may vary by account type, with additional details not provided.

　　Deposit processing times are typically immediate for credit card transactions, while bank transfers may take longer depending on the financial institutions involved. The broker does not specify any deposit fees, indicating that clients may be able to fund their accounts without incurring additional costs.

　　Withdrawal methods include bank transfers and potentially credit card refunds, but specific withdrawal limits and processing times are not detailed. Clients should be aware of any withdrawal fees that may apply, although this information is not explicitly provided.

　　Overall, clients are encouraged to verify the fund management policies directly with Inter-Pacific to ensure clarity regarding deposit and withdrawal processes.

7. Customer Support and Educational Resources

　　Inter-Pacific offers customer support through various channels, including telephone, email, and potentially online chat. The primary support phone number is +60 03 - 2117 1888, and clients can reach out via email at pac_online@interpac.com.my for assistance.

　　The firm's customer support operates during standard business hours in Malaysia, although specific time zone coverage is not detailed. Multilingual support is likely available, given the diverse client base, but the supported languages are not explicitly mentioned.

　　Inter-Pacific provides educational resources, including FAQs and trading demos, to assist clients in navigating the trading platform and understanding the market. However, comprehensive educational programs such as webinars or in-depth tutorials are not specified.

　　Market analysis services, including daily market updates and research reports, are not explicitly mentioned, indicating a potential area for improvement in providing clients with valuable insights.

8. Regional Coverage and Restrictions

　　Inter-Pacific primarily serves the Malaysian market, with its headquarters located in Kuala Lumpur. The firm may have regional offices, but specific details regarding their distribution are not provided.

　　While the broker caters to local clients, it may not accept customers from certain countries due to regulatory restrictions or compliance issues. Specific countries where clients may be restricted from opening accounts are not detailed in the available information.

　　Overall, potential clients are encouraged to verify their eligibility and any regional restrictions directly with Inter-Pacific to ensure compliance with local regulations.

　　In conclusion, Inter-Pacific Securities Sdn Bhd presents a diverse range of trading opportunities for clients in Malaysia and potentially beyond. However, the lack of regulatory oversight and transparency in certain operational aspects necessitates thorough due diligence by prospective clients. As an inter pacific broker, it is vital for investors to assess their risk tolerance and trading objectives before engaging with the firm.

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