WikiFX Review: Is Pearl Capital Markets a reliable broker?

Pearl Capital Markets (fxprl.com) has allegedly been offering high-quality dedicated Forex services for a long time, and they also claim to be one of the most effective brokers in the world. They are bold, but the reality is quite the opposite – Pearl Capital Markets is an exposed scam, and WikiFX will review it in the following article.

According to the brokers website, Pearl Capital Markets claims that the site is run and operated by Pearl Capital Markets Ltd – a company allegedly regulated by FSA Seychelles.

Thats a lie, and the FSA single-handedly refuted those claims with its warning against Pearl Capital Markets. You may check the warning on the screenshot below:

The authority calls fxprl.com an unlawful website and practically exposes the brokerage as a scam! FSA Seychelles is not considered a top-tier regulator, but every warning issued by whichever regulator serves as the ultimate proof of fraud! Before trusting anyone with your money, it would be best to check if they are licensed as they claim. If the firm does not mention a license, on the other hand, it should be avoided, since unregulated companies are very dangerous.

Surprisingly, Pearl Capital Markets trading software is good. They provide both MT4 and MT5, which are considered the best platforms for retail Forex trading. Nevertheless, Pearl Capital Markets is still an exposed scam, so nothing really changes!

The trading risks can be high as leverage is up to 1:500. The ratio has significant profit potential, but the dangers are overwhelming, so 1:500 should always be used cautiously!

The alleged funding methods are Credit/Debit cards, Bank Transfers, Skrill, Neteller, FasaPay and WebMoney, but WikiFX cannot validate this information as our account is still pending. To test the deposit system, we need approval for our live account, but we have none yet.

Withdrawal conditions and fees are not discussed, as you can see from the screenshot below – the withdrawal section is empty of information. Thats a warning sign, and it gets even more significant as Pearl Capital Markets fails to provide legal documents – T&Cs, a User Agreement, and Privacy Policy are missing, which downright proves that Pearl Capital Markets is illegal!

Now let's search “Pearl Capital Markets” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/1597894698.html), Pearl Capital Marketscurrently has no valid regulatory license and the score is rather negative - only 1.34/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in Pearl Capital Markets. The so-called brokerage is actually a scam website, which has already been exposed by the financial regulator FSA Seychelles.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.