Pacific Forex Broker

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.