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PCM foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://pcmfa.co/, about the company's legal and temporary regulatory information, the company's address Office No. 210, Building 4 Gold & Diamond Park Dubai, UAE.

PCM Forex Broker

Basic Information

Registered Region

United Arab Emirates

Operating Period

Company Name

PCM International Limited

Abbreviation

PCM

Company employee

Contact Number

+971555536308

Company Website

https://pcmfa.co/

Company address

Office No. 210, Building 4 Gold & Diamond Park Dubai, UAE

Instagram

https://www.instagram.com/pcmbroker/

https://www.linkedin.com/company/brokerfa

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

General Information & Regulation PCM Brokers, a trading name of PCM Brokers Brokerage, is allegedly a forex and CFD broker registered in the United Arab Emirates since 2006 that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and variable spreads from 0 pips on the MT4 for Windows, mobile and Mac trading platforms, as well as a choice of ten different real account types and 24-hour customer support service. Here is the home page of this brokers official site: As for regulation, it has been verified that PCM Brokers does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.59/10. Please be aware of the risk. Market Instruments PCM Brokers advertises that it offers access to a wide range of trading instruments in financial markets, including 58 currency pairs, commodities, CFDs, stocks, dollar index, ICLN and cryptocurrencies of Bitcoin, Ethereum, Bitnote and Leviarcoin. Account Types Apart from demo accounts, PCM Brokers claims to offer ten types of real trading accounts, namely Special-lowest spread, Mini, Micro, Tradition, Digital currencies, ECN Pro, Elite, Lorij1000, Zero spread and Fixed spread. The minimum initial deposit amount is $10,000 on the Special-lowest spread and Mini accounts, $100 on the Micro, ECN Pro, Zero spread and Fixed spread accounts, $1 on the Tradition account, $5000 on the Elite account, $500 on the Lorij1000 account, while there is no minimum deposit requirement on the Digital currencies account. Leverage Traders holding different account types can enjoy different maximum leverage ratios. For example, 1:100 on the Special-lowest spread, Tradition and Elite accounts, 1:200 on the Mini, ECN Pro, Zero spread and Fixed spread accounts, 1:500 on the Micro account, 1:10 on the Digital currencies account, 1:1000 on the Lorij1000 account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions PCM Brokers claims that different account types can enjoy quite different spreads and commissions. Specifically, floating spreads from 0-0.1 pips on the Special-lowest spread account, floating from 0.9 pips on the Mini account, floating from 1.6 pips on the Micro and Lorij1000 accounts, floating from 0.2 pips on the Tradition and ECN Pro accounts, floating on the Digital currencies account, floating from 0.6 pips on the Elite accounts, 0.2 pips on the Zero spread account, 2 pips of major currency pairs, 3 pips of USD/CAD and gold, 4 pips of minor on the Fixed spread account. As for commissions, $12 per lot on the Special-lowest spread account, 0.05% of real value per lot on the Digital currencies account, $5 on the ECN Pro account, $10 per lot on the Elite, $16 per standard lot on the Zero spread account, while no commissions on the Mini, Micro, Tradition, Lorij1000 and Fixed spread account. Trading Platform Available Platforms available for trading at PCM Brokers are MT4 for Windows, mobile and Mac. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5. Deposit & Withdrawal PCM Brokers says to work with numerous means of deposit and withdrawal choices, consisting of Bank Transfer, WebMoney, Bitcoin, PayPal, Skrill, Neteller, UnionPay and Fasapay. There is no minimum deposit requirement. The broker says it charges no deposit and withdrawal fees. As for the processing time of deposits and withdrawals, all deposits are said to be processed in 1 hour; the processing time of withdrawal with Bitcoin depends on the withdrawal amount, while other withdrawal requests take 1 hour. Bonuses PCM Brokers claims to offer various bonuses according to account conditions, such as welcome bonus, withdrawal bonus (non-lossable), tradable bonus (non-withdrawal), free bonus and super bonus. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients. Customer Support PCM Brokers customer support can be reached by telephone: +971 555536308, 971800223344, Fax: +97144356586, send messages online to get in touch or request a phone call. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: Office No. 210, Building 4 Gold & Diamond Park Dubai, UAE. Pros & Cons Pros Cons No minimum deposit limit No regulation Demo accounts available Newly established MT4 trading platform Official website only available in Arabian Generous leverage up to 1:500 No online chat support Multiple payment methods 10 types of trading accounts available Frequently Asked Questions How do I change my account type？ The account type cannot be changed in the Cabin. As per the rules, the account information must remain permanently in your cabin. What is the minimum deposit amount？ The minimum deposit amount depends on the type of account, and to open a most basic account, only $1 is what it needs. How do I open a demo account？ To open a demo account, it is enough to fill out the desired demo account form on the “account type” page. Demo account information will be emailed to you. What is a bonus and how is it offered？ A bonus is a special condition in which the brokerage adds money to the traders account under certain conditions. The bonus may be withdrawn or provided to the trader for trading for a period of time. Bonuses are generally divided into two categories: withdrawal bonus (non-losable), losable bonus. Risk Warning Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

PCM broker review

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PCM Brokers Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online trading can be daunting, especially when it comes to setting up your accounts. This comprehensive guide will walk you through the processes of registration, account opening, and logg

PCM Brokers Forex Broker - Complete Information Guide

1. Broker Overview

PCM Brokers, officially known as PCM Brokers Ltd, was established in 2007. The company is headquartered in Dubai, UAE, and operates as a private entity. Over the years, PCM Brokers has carved out a niche in the forex trading landscape, catering primarily to retail traders and institutional clients alike. The broker has been active in the financial markets for over 16 years, offering a diverse range of trading services.

The company has experienced significant milestones since its inception, including the expansion of its trading platforms and the introduction of various account types to meet the needs of its clients. Additionally, PCM Brokers is affiliated with the Dubai Gold and Commodities Exchange (DGCX), which enhances its credibility in the financial sector.

The business model of PCM Brokers encompasses both retail forex trading and institutional services, providing clients with access to a wide array of financial instruments. The broker operates under a Direct Market Access (DMA) and Straight Through Processing (STP) model, which allows for efficient order execution and transparency.

2. Regulatory and Compliance Information

PCM Brokers is regulated by the Securities and Commodities Authority (SCA) of the UAE. The regulatory license number and specific details regarding the scope of this regulation are not publicly disclosed, but the SCA is known for its stringent oversight of financial institutions within the region.

As part of its compliance measures, PCM Brokers adheres to the Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that client identities are verified and that funds are sourced legitimately. The broker claims to maintain client funds in segregated accounts, although detailed information on this policy is not readily available.

PCM Brokers does not participate in any investor compensation schemes, which is a significant consideration for potential clients. The lack of such a safety net means that traders should be cautious when trading with this broker.

3. Trading Products and Services

PCM Brokers offers a comprehensive suite of trading products, including 58 currency pairs, which cover major, minor, and exotic currencies. In addition to forex, the broker provides access to Contract for Differences (CFDs) on various asset classes, including:

Indices
Commodities
Stocks
Cryptocurrencies

The range of products available reflects PCM Brokers' commitment to providing a versatile trading environment. The broker frequently updates its offerings, adding new instruments to meet evolving market demands.

For retail clients, PCM Brokers provides a user-friendly trading experience, while also catering to institutional clients with tailored services. The broker does not currently offer white-label solutions or asset management services, focusing instead on direct trading services.

4. Trading Platforms and Technology

PCM Brokers supports the widely recognized MetaTrader 4 (MT4) trading platform, which is available for both desktop and mobile devices. This platform is favored for its reliability and the extensive range of tools it offers for technical analysis, automated trading, and strategy development.

In addition to MT4, PCM Brokers provides access to its proprietary trading platform, Eos Trader, which is designed for high-frequency trading and offers low-latency execution. The broker claims to utilize a pure NDD (No Dealing Desk) execution model, ensuring that trades are processed directly in the market without interference.

The broker's infrastructure is supported by advanced technology, with servers located in strategic locations to ensure optimal performance. PCM Brokers also offers API access for traders interested in automated trading solutions.

5. Account Types and Trading Conditions

PCM Brokers offers various account types to accommodate different trading preferences and capital levels. The account types include:

Micro Account: Minimum deposit of $100, spreads starting from 1.6 pips, and no commission.
Mini Account: Minimum deposit of $2,000, spreads starting from 0.8 pips, and a commission of $6 per lot.
Elite Account: Minimum deposit of $10,000, spreads starting from 0.5 pips, and a commission of $10 per lot.
Zero Spread Account: Minimum deposit of $100, spreads starting from 0 pips, and a commission of $16 per lot.

The maximum leverage offered by PCM Brokers varies by account type, with options ranging from 1:100 to 1:1000. The broker allows a minimum trade size of 0.01 lots across most accounts.

For clients interested in Islamic finance, PCM Brokers provides Islamic (swap-free) accounts, allowing traders to hold positions without incurring interest charges, although a maintenance fee applies for positions held longer than a week.

6. Fund Management

PCM Brokers supports a variety of deposit methods, including:

Bank Transfers
Credit/Debit Cards
E-wallets (such as Skrill, Neteller, PayPal, WebMoney, etc.)

The minimum deposit requirement is $100 for most accounts, while the processing time for deposits is typically within one hour. PCM Brokers does not charge any deposit fees.

Withdrawals can be made through similar methods, with processing times generally taking one hour. However, specific withdrawal limits and fees may apply, which are not detailed in public resources.

7. Customer Support and Educational Resources

PCM Brokers provides customer support through multiple channels, including:

Phone Support: Available during business hours.
Email Support: Clients can reach out via email for assistance.
Social Media: The broker is active on platforms like Twitter and Facebook.

The support team is reportedly available 24/7, although the level of service may vary. PCM Brokers offers support in English, which may limit accessibility for non-English speaking clients.

In terms of educational resources, PCM Brokers provides various materials, including webinars, tutorials, and market analysis to help traders enhance their knowledge and trading skills. The broker also offers trading tools such as calculators and economic calendars.

8. Regional Coverage and Restrictions

PCM Brokers primarily serves clients in the Middle East, particularly in the UAE. The broker has established offices in several countries, including Canada, UK, and Mauritius, which allows it to cater to a broader international audience.

However, PCM Brokers does not accept clients from certain countries due to regulatory restrictions. Specific countries where clients are not accepted were not detailed in the available resources.

In conclusion, PCM Brokers presents a range of trading options and services aimed at both retail and institutional clients. While it offers competitive trading conditions and various account types, potential clients should be aware of the regulatory status and associated risks before engaging with the broker.

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