Score
United Kingdom
|
2-5 years
| http://www.poopac.com
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
United Kingdom
poopac.com ChinaNote:poopac's official website: https://www.poopac.com is currently inaccessible normally.
| poopac Review Summary | |
| Founded | 2021 |
| Registered Country/Region | United Kingdom |
| Regulation | No Regulation |
| Market Instruments | Currencies, commodities, indices, metals, shares, cryptocurrencies |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| EUR/USD Spread | From 1.3 pips (Standard account) |
| Trading Platform | MT4 |
| Min Deposit | / |
| Customer Support | Email: support@poopac.com, services@poopac.com |
| Address: UNIT G1, CAPITAL HOUSE 61 AMHURST ROAD,LONDON,UNITED KINGDOM E8 1LL | |
| Region Restriction | US clients are not accepted |
poopac, a part of poopac WEALTH LTD, operates as an unregulated UK-based broker. It claims to provide more than 200 financial instruments such as currencies, commodities, indices, metals, shares, and cryptocurrencies via the leading MT4 platform.
| Pros | Cons |
| Various trading instruments | Non-functional website |
| MT4 supported | No regulation |
| Commission-free on the Standard account | Lack of transparency |
| No demo accounts | |
| US clients are not accepted |
At present, poopac lacks valid regulation. Its domain was registered on June 24, 2023, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.
poopac claims to offer currencies, commodities, indices, metals, shares, and cryptocurrencies. However, they may not be tradable due to its inaccessible website.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
poopac provides traders with two real trading account options: Standard and Prime. However, the account features are not disclosed.
For forex pairs, gold, and silver, traders can access leverage of up to 1:500, while commodities and indices trading allow leverage of up to 1:200. Shares trading offers lower leverage of 1:20, and for cryptocurrencies, the maximum leverage is 1:2, quite low.
Note that high leverage can not only amplify profits, but also increases the risk of losses.
The Standard account offers wider spreads but does not require additional fees. The EUR/USD pair have spreads starting from 1.3 pips in the Standard account. In contrast, the Prime account offers spreads starting from 0 pips, but its commission is not disclosed.
| Account Type | Standard | Prime |
| EUR/USD Spread | From 1.3 pips | From 0 pips |
| Commission | ❌ | ✔ |
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Registered in the UK, POOPAC is an online forex broker offering a wide range of market instruments to its clients. In this article, WikiFX is going to analyze this broker from specific information, regulation, exposure, etc to help you better understand the reliability of this broker. Let’s get into it.
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FX2965482662
Singapore
Dear Ladies and Gentlemen, I have tried to reach Poopac several times via chat to find out why you they have not transferred my money to my bank account for over two weeks. I ask them to transfer the money to my bank account immediately. But I haven't received any answer.I would like to avoid taking legal action. It would be nice if your organisation could help me to get my money back. My Poopac accout information are in the attachment. Kind regards Ludger Kullmann
Exposure
FX3283385359
Germany
Poopac is a scam platform. the broker does not pay out any money. Cancels the withdrawals and keeps finding excuses for what they did wrong. I had big wins and the account balance is $ 500,000. Now he has blocked my account and calls me a scammer. Don't fall for Poopac !!! I spoke to the NFA. Poopac is not a member there. There is no license and no financial protection from the NFA.
Exposure
FX3283385359
Germany
Withdrawals will not be processed or canceled. It has been delayed again over again.
Exposure
FX1267872407
Australia
Terrible liar! I see that some users have been scammed. Is this company now shutting down the website and pretending it never existed, thinking it can get away with the law?
Neutral