Pacific Spreads, leverage, minimum deposit Revealed

　　Note: Pacific's official website: https://pacificforexasset.io is currently inaccessible normally.

　　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

Is 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?

Account Type

　　Pacific offers four account types: Bronze Plan, Silver Plan, Gold Plan and Diamond Plan. The demo accounts are not mentioned.

Leverage

　　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

The 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.