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Pacific foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://pacificforexasset.io/signup, about the company's legal and temporary regulatory information, the company's address 245 Grand Street, 2nd Floor, New York, 10002, United States.

Pacific Forex Broker

Basic Information

Registered Region

United States

Operating Period

Company Name

Pacific Forex Asset Management

Abbreviation

Pacific

Company employee

Customer Service Email Address

info@Pacificforexasset.io

Company Website

https://pacificforexasset.io

Company address

245 Grand Street, 2nd Floor, New York, 10002, United States

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Note: Pacific's official website: https://pacificforexasset.io is currently inaccessible normally. PacificReview Summary Founded2-5 years Registered Country/RegionUnited States RegulationNot regulated Market InstrumentsForex, CFDs, Binary Options, Cryptocurrencies, Indices, Metals and Stocks Demo Account/ LeverageUp to 1:200 Min Deposit$500 Customer SupportEmail: info@Pacificforexasset.io Address: 245 Grand Street, 2nd Floor, New York, 10002, United States Pacific was founded by Pacific Forex Asset Management in the USA 2-5 years ago. It offers various trading assets: Forex, CFDs, Binary Options, Cryptocurrencies, Indices, Metals and Stocks. Besides, the leverage is up to 200X. However, the minimum deposit is too high and it lacks regulation.Pros and Cons Pros Cons Multiple trading assetsNot regulated High leverageHigh minimum deposit Lack transparencyIs Pacific Legit? Pacific was registered in the USA, but FINRA shows no information about it. Even the FMA in New Zealand disclose it as a fraud. Traders should be cautious.What Can I Trade on Pacific? Tradable Instruments Supported Forex✔ CFDs✔ Binary Options✔ Cryptocurrencies✔ Indices✔ Metals✔ Stocks✔ ETFs❌Account Type Pacific offers four account types: Bronze Plan, Silver Plan, Gold Plan and Diamond Plan. The demo accounts are not mentioned. Account TypeMinimum DepositDuration Bronze Plan$50014 days Silver Plan$250010 days Gold Plan$500010 days Diamond Plan$150008 daysLeverage Pacific claims its leverage is up to 200X. Traders should be calm when trading because high leverage can get high returns and high losses.Pacific Fees The service charge varies depending on different accounts. Only the Bronze plan need 20% of total earned profit, and the other need 15%.Customer Service Contact Options Details Phone ❌ Email info@Pacificforexasset.io Support Ticket System ❌ Online Chat ❌ Social Media ❌ Supported Language ❌ Website Language English Physical Address 245 Grand Street, 2nd Floor, New York, 10002, United StatesThe Bottom Line In conclusion, traders should think twice when choosing brokers. Pacific offers multiple trading assets which can make traders invest diversification. However, it is not regulated and the minimum deposit is too high.FAQs Is Pacific safe? No. It is not regulated, even FMA has disclosed its fraud activites. Is Pacific a good for beginners? No, it is unsafe. Is Pacific good for day trading? No. Information about Pacific like fees or processing time is limited.

Pacific broker review

Is Pacific safe or scam

Rating Index

Pacific Forex Broker - Complete Information Guide

1. Broker Overview

　　Pacific Broker, established in 2010, is an unregulated brokerage firm headquartered in London, United Kingdom. The company operates as a private entity, providing various trading services primarily targeted at retail clients. Over the years, Pacific Broker has developed a reputation in the forex trading community, offering a range of financial instruments that include forex, futures, options, ETFs, and forwards.

　　The firm operates with an experience of 5 to 10 years in the market, which indicates a certain level of stability and industry knowledge. However, it is crucial to note that the absence of valid regulatory oversight raises concerns regarding its legitimacy and the safety of client funds. The company claims to provide trading services through the widely recognized MetaTrader 4 (MT4) platform, catering to both novice and experienced traders.

　　While the specific milestones in the company's development are not extensively documented, the foundation in 2010 marks its entry into the competitive forex brokerage landscape. The business model primarily revolves around retail forex trading, allowing individuals to engage in the foreign exchange market.

2. Regulation and Compliance Information

　　Pacific Broker currently operates without any valid regulatory licenses, which poses significant risks for potential clients. According to various sources, there are no known regulatory bodies overseeing the operations of Pacific Broker, making it a high-risk choice for traders.

　　The lack of regulation means that there are no established regulatory numbers or effective oversight mechanisms in place. This absence of regulatory compliance is a major red flag and should be carefully considered by potential investors. Moreover, the company does not participate in any investor compensation schemes, which typically provide a safety net for clients in the event of broker insolvency.

　　As for the Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, there is limited information available. The absence of a robust regulatory framework raises concerns about the security of client funds and the integrity of the trading environment.

3. Trading Products and Services

　　Pacific Broker offers a diverse array of trading products, primarily focusing on the forex market. Traders can access a variety of currency pairs, including major pairs such as EUR/USD, GBP/USD, and USD/JPY, among others. The broker provides access to over 35 trading instruments, which encompass not only forex but also futures contracts, options, ETFs, and forwards.

　　In addition to forex trading, Pacific Broker also allows clients to trade Contracts for Difference (CFDs) across various asset classes, including indices, commodities, and cryptocurrencies. However, details on the frequency of product updates or the introduction of new trading instruments are not readily available, indicating a potential gap in their product offering strategy.

　　For retail trading services, Pacific Broker provides several account types with varying minimum deposit requirements and leverage options. However, the lack of information regarding institutional client services or white-label solutions suggests a primary focus on retail traders rather than institutional partnerships.

4. Trading Platforms and Technology

　　Pacific Broker supports the MetaTrader 4 (MT4) trading platform, which is known for its user-friendly interface and extensive features. MT4 allows traders to access a range of financial instruments, conduct technical analysis, and automate trading strategies using Expert Advisors (EAs).

　　While there is no mention of a proprietary trading platform, the availability of MT4 caters to a significant portion of the trading community. The broker does not explicitly state whether it offers a web-based trading platform or mobile applications for iOS and Android devices, which could limit accessibility for some traders.

　　The execution model employed by Pacific Broker is primarily No Dealing Desk (NDD), which allows for direct market access without intermediaries. The broker's server is reportedly located in the United States, which may influence trade execution speeds and latency.

　　For traders interested in automated trading, Pacific Broker provides support for API access, allowing for the integration of automated trading systems. However, details on the specific capabilities and limitations of this feature are not extensively documented.

5. Account Types and Trading Conditions

　　Pacific Broker offers a variety of account types to cater to different trading preferences and capital levels. The account types include:

Mini Account: Minimum deposit of $1, with leverage up to 1:1000 and spreads starting from 0.5 pips.
Standard Account: Minimum deposit of $10,000, leverage up to 1:500, and spreads starting from 0.3 pips.
SVIP Account: Requires a minimum deposit of $30,000, with leverage up to 1:300 and tighter spreads starting from 0.1 pips.
EA (Expert Advisor) Account: Designed for automated trading strategies, requiring a minimum deposit of $100 and offering leverage up to 1:1000.
SSVIP Account: Minimum deposit of $10,000, providing premium features and personalized support.

　　The broker does not offer a demo account, which may be a disadvantage for novice traders looking to practice their skills without financial risk. The minimum trade size and overnight fees are not specified, leaving potential clients with questions regarding the trading conditions.

6. Fund Management

　　Pacific Broker provides several methods for depositing and withdrawing funds, including bank transfers, credit cards, and e-wallets such as Skrill and Perfect Money. The minimum deposit requirement varies by account type, with the Mini Account starting at just $1.

　　The processing time for deposits is generally immediate, although specific details on withdrawal processing times are not clearly stated. Clients should be aware that there may be fees associated with deposits and withdrawals, but the exact fee structure is not disclosed.

　　Withdrawals can be requested through the same methods as deposits, but potential limitations or restrictions on withdrawal amounts may apply. Given the lack of regulatory oversight, clients are advised to proceed with caution regarding fund management and withdrawal processes.

7. Customer Support and Educational Resources

　　Pacific Broker offers customer support through various channels, including telephone, email, and online messaging. The support team is available 24/7, which is beneficial for traders in different time zones. However, the broker does not provide live chat support, which could limit immediate assistance for clients.

　　The primary language of support is English, but there is no indication of multi-language support, which may pose challenges for non-English speaking clients. Educational resources are limited, with no clear offerings of webinars, tutorials, or e-books to assist traders in enhancing their skills.

　　Market analysis services, including daily analysis, news updates, and research reports, are not explicitly mentioned, indicating a potential gap in the broker's educational offerings. Additionally, trading tools such as calculators and economic calendars are not highlighted, which could be useful for traders in managing their strategies.

8. Regional Coverage and Restrictions

　　Pacific Broker primarily serves clients in the United Kingdom and other regions, although specific details on regional offices are not provided. The broker's website indicates that it does not accept clients from certain countries, but the specific list of restricted jurisdictions is not disclosed.

　　Potential clients should be aware of any legal or regulatory restrictions that may apply to their region before opening an account with Pacific Broker. The lack of regulatory oversight adds another layer of complexity for traders considering this broker, as the safety and legality of trading from certain jurisdictions may be questionable.

　　In conclusion, while Pacific Broker offers a range of trading products and services, the absence of regulatory oversight raises significant concerns. Potential clients should conduct thorough research and consider the risks involved before engaging with this broker.

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