United States|2-5 years| https://www.plcgx.com/
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Parklife Capital Group Co.,Ltd
PLCG EXCHANGE
United States
Pyramid scheme complaint
Expose
A lot of people are bragging in the group and pretending to deposit. Some teachers are teaching operations to make you win a lot of money. They let you withdraw a small amount of money for the first time, and then trick you into investing a lot of money. Then, they will manipulate from the backstage to slip and make you lose everything in once. The website will changed and wont let you find the platform..
At the beginning, I met Mr. Lin who claimed to be a master from National Taiwan University via Line. First, they will take you to the stock group, open the market every day, introducing a few rising stocks, build trust, and then induce to the XAU trading group. Make money every day, relieve your guard, and the teacher persuades to deposit every day. Later, I figured out that most of the group is their shills, and the ups and downs are made behind the scenes. Finally, if I want to withdraw money, they will force you to quit from the group. The customer service said that the settlement department will notify you when the settlement is completed! Money should stay in your own pocket. Now all major communication software, Internet, and phone calls are scams. It is not an exaggeration.
The customer service will always use the liquidation department to be still in liquidation, and various reasons to delay the payment. There will also be a person who is responsible for taking you to place orders, commonly known as the teacher "victory in a hundred battles" to let you taste the sweetness and then lure you to increase the funds. Money can be seen but not touched. I hope everyone will not be deceived again. There is no free meal in the world, so save your hard-earned money for the New Year. There will also be other people in the group who have been pretending to deposit, in fact, they are all a group of people! Please don't trust those teachers who introduce your stocks! Funds are safest when it is in your hands!
At the beginning, the teacher in the group started talking about the stock market and then slowly introduced the international XAU market to introduce the PLCG platform to induce deposits. When you want to withdraw, you use various reasons to avoid gold. For various reasons, the customer service said that the liquidation department had been liquidating for several weeks, but the customer service ignored it. Later, the teacher had a private customer service to induce the deposit using the blockchain method. Cai Ke said he had to pay taxes for various reasons. Be careful with this platform!
In the early stage of opening the group, they talked about stocks, and later changed to investing in gold. As soon as someone says that they couldn’t withdraw, they will be kicked out the next second, and I also couldn’t withdraw. A bunch of people in the group said that they will follow no matter they place. It is just a bunch of liars. Everyone, I remind you, if the customer service asks you to remit money from your account, please do not remit money. If you receive a little in the early stage, you will definitely not get it back if you deposit more.
The system often optimizes and the previous system or link cannot be logged in. The website will be updated, and I have only withdrawn money once in the early stage, that is, when I first joined. I tried to withdraw funds with a small amount after making a profit. At the time of the market, it was said that a large number of foreign capital entered, resulting in unclear operations and causing serious losses. Even if the loss was stopped, the previous profits were all lost and the principal was also lost. It said that it is easier to double the capital if it needs to be increased. First try to withdraw the funds again. If it is successful and sure that there is no problem, then I want to increase the amount and double the amount. However, there are many reasons for the customer service process to prevent the withdrawal. It means that it can be re-applied after being cancelled. When withdrawing money, I often do not read it back or I have not read it back. I beg for help. If it is a real loss, I admit it. Now I just want to get the remaining money back. I pray that your platform can help coordinate, thank you!
Note: PLCG EXCHANGE is to operate via the website - https://www.plcgx.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
The United States NFA regulation (license number: 0525014) claimed by PLCG EXCHANGE is suspected to be a clone. Please be aware of the risk!
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 contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Detail |
| Regulation | Suspicious Clone |
| Market Instrument | commodities, forex, indexes and cryptocurrencies |
| Account Type | N/A |
| Demo Account | N/A |
| Maximum Leverage | N/A |
| Spread | N/A |
| Commission | N/A |
| Trading Platform | web-based PlcgGO |
| Minimum Deposit | N/A |
| Deposit & Withdrawal Method | N/A |
PLCG EXCHANGE, a trading name of Parklife Capital Group Co., Ltd, is allegedly a forex broker registered in the United States that claims to provide its clients with various tradable financial instruments on the web-based PlcgGO trading platform. Here is the home page of this brokers official site:
As for regulation, it has been verified that PLCG EXCHANGE holds a suspicious clone National Futures Association (NFA) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.33/10. Please be aware of the risk.
Market Instruments
PLCG EXCHANGE advertises that it mainly offers four different asset classes, including commodities, forex, indexes and cryptocurrencies.
Trading Platform Available
The platform available for trading at PLCG EXCHANGE is PlcgGO - a web-based application for PC or mobile users. Anyway, it is advised for traders, especially for beginners to choose brokers who offer the industry-standard MT4 and MT5 trading platforms, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Customer Support
PLCG EXCHANGE‘s customer support can be reached by email: support@plcgx.co. You can also follow this broker on social networks such as Telegram, Twitter, Facebook, Instagram and YouTube. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
| Pros | Cons |
| • Various tradable instruments | • Suspicious Clone |
| • No specific information on trading conditions |
Frequently Asked Questions (FAQs)
| Q 1: | Is PLCG EXCHANGE regulated？ |
| A 1: | No. It has been verified that the United States NFA regulation (license number: 0525014) claimed by PLCG EXCHANGE is suspected to be a clone. |
| Q 2: | Does PLCG EXCHANGE offer the industry-standard MT4 & MT5？ |
| A 2: | No. Instead, PLCG EXCHANGE offers a web-based trading platform called PlcgGO. |
| Q 3: | Is PLCG EXCHANGE a good broker for beginners？ |
| A 3: | No. PLCG EXCHANGE is not a good choice for beginners. Not only because of its suspicious clone regulation condition, but also because of its non-transparent trading condition. |
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2023-03-14 16:55
