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Pool TradingFx

United States|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.pooltradingfx.com/

Website

Rating Index

Contact

support@pooltradingfx.com
http://www.pooltradingfx.com/
1185 W. Olympic Blvd. Suite 875 Los Angeles, CA 90165

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

Pool TradingFx

Company Abbreviation

Pool TradingFx

Platform registered country and region

United States

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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Pool TradingFx · Company Summary

Pool TradingFx Review Summary
Registered Country/Region United States
Regulation Unregulated
Market Instruments Forex and cryptos
Demo Account Unavailable
Trading Platforms A cross-platform
Minimum Deposit $500
Customer Support (Monday - Friday 8:30am - 5:00pm) email: support@pooltradingfx.com, live chat and online messaging

What is Pool TradingFx?

Pool TradingFx, a trading platform that operates within the dynamic realms of Forex and cryptocurrencies. Based in the United States, this platform offers a range of trading plans meticulously crafted to suit the diverse needs of its clientele. At the core of its service lies a cross-platform trading system, empowering users to engage in trading activities seamlessly across various devices and operating systems.

Pool TradingFx's homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
Range of Trading Plans Unregulated
Cross-Platform Trading Demo Account Unavailability
Withdrawal Issues

Pros:

- Range of Trading Plans: Pool TradingFx offers a variety of trading plans tailored to meet the diverse needs of its clients. This flexibility can cater to both novice and experienced traders.

- Cross-Platform Trading: With a cross-platform trading system, users can access and trade on Pool TradingFx across various devices and operating systems, providing convenience and flexibility.

Cons:

- Unregulated: Perhaps the most significant concern is the absence of valid regulation. Without oversight from governmental or financial authorities, investors face increased risks and potential vulnerability to misconduct or malpractice.

- Demo Account Unavailability: The lack of a demo account limits prospective users‘ ability to familiarize themselves with the platform’s features and trading environment before investing real money.

- Withdrawal Issues: Reports suggesting difficulties with withdrawals raise concerns about the platform‘s reliability and could potentially hinder investors’ ability to access their funds when needed.

Is Pool TradingFx Legit or a Scam?

Pool TradingFx asserts that it implements robust protective measures to safeguard its clients' interests, including leveraging the expertise of highly experienced and trusted DDoS protection and mitigation providers.

However, a significant concern regarding Pool TradingFx's operations: the absence of valid regulation. Without oversight from governmental or financial authorities, investors face heightened risks. This regulatory gap leaves clients vulnerable to potential misconduct or malpractice within the platform.

In unregulated environments, there's a real risk that those managing the platform could abscond with investors' funds without repercussion. This absence of oversight creates a scenario where investors are left exposed to the whims of the platform operators, with little recourse in the event of fraudulent behavior.

Market Instruments

Pool TradingFx offers a diverse range of trading instruments across both forex and cryptocurrencies markets.

Forex Trading:

Pool TradingFx allows traders to participate in the foreign exchange (forex) market, offering a wide variety of currency pairs for trading. These currency pairs include major pairs like EUR/USD, GBP/USD, USD/JPY, as well as minor and exotic pairs. Forex trading provides opportunities to speculate on the value fluctuations between different currencies.

Cryptocurrency Trading:

In addition to forex, Pool TradingFx provides access to cryptocurrency trading. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and many others.

Trading Plans

Pool TradingFx offers a range of trading plans tailored to meet the diverse needs of its clients.

  • VIP1 Plan:

Minimum Deposit Requirement: $500

This plan is designed for traders who are just starting out or prefer a lower initial investment. It offers basic features and functionalities suitable for beginners to begin their trading journey.

  • VIP2 Plan:

Minimum Deposit Requirement: $600

The VIP2 plan offers slightly more advanced features compared to VIP1, catering to traders who have a bit more experience and are looking for additional tools and resources.

  • VIP3 Plan:

Minimum Deposit Requirement: $700

This plan is suitable for traders seeking more comprehensive features and tools to enhance their trading strategies. It provides access to a wider range of assets and analytical tools to help traders make informed decisions.

  • VIP4 Plan:

Minimum Deposit Requirement: $800

The VIP4 plan offers even more advanced features and personalized support to assist traders in maximizing their potential profits.

  • VIP5 Plan:

Minimum Deposit Requirement: $900

Designed for experienced traders or those with larger investment capacities, the VIP5 plan offers top-tier features and benefits.

  • Premium1 Plan:

Minimum Deposit Requirement: $1,000

The Premium1 plan is the highest tier offered by Pool TradingFx, providing elite-level benefits and services. It is tailored for high-net-worth individuals or institutional investors looking for specialized trading solutions and personalized assistance.

Plan Minimum Deposit
VIP1 Plan $500
VIP2 Plan $600
VIP3 Plan $700
VIP4 Plan $800
VIP5 Plan $900
Premium1 Plan $1,000
Trading Plans

How to Open an Account?

To open an account with Pool TradingFx, please follow these steps:

Step 1 Visit the Pool TradingFx website.
Step 2 Fill out the registration form with your unique username, full name, email address, phone number, and password. Confirm the password.
Step 3 Select your country from the provided options.
Step 4 Optionally, enter a referral ID if you have one. Leave blank if not applicable.
Step 5 Complete the captcha verification.
Step 6 Submit the registration form.
Step 7 Check your email inbox for a confirmation message from Pool TradingFx and follow the instructions to verify your account.
Step 8 Log in to your newly created member account using your username and password.
Step 9 Access the member area to manage your account, make deposits, and start trading.
fill in required info

Trading Platforms

Pool TradingFx offers a cross-platform trading functionality, allowing users to access their accounts and execute trades seamlessly across various devices and operating systems. Whether you're at your desktop, on a laptop, or using a mobile device, you can trade with ease and convenience.

In addition to its robust charting capabilities, the Pool TradingFx platform supports a diverse array of order types and execution options. This flexibility enables traders to implement their preferred strategies with precision, whether they're executing market orders, setting limit orders, or utilizing more complex order types.

Deposits & Withdrawals

Pool TradingFx offers deposit and withdrawal processes for its clients, ensuring seamless transactions to facilitate trading activities.

To make a deposit, clients simply need to log into their member accounts and navigate to the “Make Deposit” section. From there, they can select their preferred payment system and enter the desired deposit amount. With options for different payment systems, clients can choose the method that best suits their needs and preferences. Once the deposit details are confirmed, clients can finalize the transaction by clicking the “Make Deposit” button, initiating the transfer of funds into their trading accounts. Besides, they have a referral commission of 5% of the initial deposit of clients downline.

For withdrawals, clients can access the “Member Area” and select the “Withdraw” option. They will then be prompted to enter the withdrawal amount, with the minimum withdrawal set at 10 USD. The process is straightforward, requiring clients to input the withdrawal amount and confirm their wallet address. Once the withdrawal request is submitted, Pool TradingFx's system claims to process the transaction promptly, aiming to complete withdrawals within 24 hours.

User Exposure on WikiFX

On our website, you can see a reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Pool TradingFx offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Monday - Friday 8:30am - 5:00pm

Email: support@pooltradingfx.com

Address: 1185 W. Olympic Blvd. Suite 875, Los Angeles, CA 90165

Whats more, Pool TradingFx provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities.

FAQ page

Pool TradingFx offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

Contact Form

Conclusion

In summary, while Pool TradingFx offers several features such as diverse trading plans, cross-platform accessibility, and customer support, there are notable drawbacks that potential investors should consider. The lack of regulation, unavailability of a demo account, and withdrawal issues highlight the importance of careful research and due diligence before engaging with this platform or similar ones.

Frequently Asked Questions (FAQs)

Question 1: Is Pool TradingFx regulated by any financial authority?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: How can I contact the customer support team at Pool TradingFx?
Answer 2: You can contact via (Monday - Friday 8:30am - 5:00pm) email: support@pooltradingfx.com, live chat and online messaging.
Question 3: Does Pool TradingFx offer demo accounts?
Answer 3: No.
Question 4: What is the minimum deposit for Pool TradingFx?
Answer 4: The minimum initial deposit to open an account is $500.

Risk Warning

Online trading involves significant 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

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Klaus187
6-12months
Good trade site that allows AI trading bot
2023-10-19 15:26
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