PLCG EXCHANGE
abstrak：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.
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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