POOPAC-Overview of Minimum Deposit, Spreads & Leverage

Note:poopac's official website: https://www.poopac.com is currently inaccessible normally.

poopac, a part of poopac WEALTH LTD, operates as an unregulated UK-based broker. It claims to provide more than 200 financial instruments such as currencies, commodities, indices, metals, shares, and cryptocurrencies via the leading MT4 platform.

Pros and Cons

Is poopac Legit?

At present, poopac lacks valid regulation. Its domain was registered on June 24, 2023, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.

What Can I Trade on poopac?

poopac claims to offer currencies, commodities, indices, metals, shares, and cryptocurrencies. However, they may not be tradable due to its inaccessible website.

Account Type

poopac provides traders with two real trading account options: Standard and Prime. However, the account features are not disclosed.

Leverage

For forex pairs, gold, and silver, traders can access leverage of up to 1:500, while commodities and indices trading allow leverage of up to 1:200. Shares trading offers lower leverage of 1:20, and for cryptocurrencies, the maximum leverage is 1:2, quite low.

Note that high leverage can not only amplify profits, but also increases the risk of losses.

Spread and Commission

The Standard account offers wider spreads but does not require additional fees. The EUR/USD pair have spreads starting from 1.3 pips in the Standard account. In contrast, the Prime account offers spreads starting from 0 pips, but its commission is not disclosed.

Trading Platform