POOPAC-Overview of Minimum Deposit, Spreads & Leverage

poopac | 2024-11-14 13:55

Resumo：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.

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

poopac Review Summary
Founded	2021
Registered Country/Region	United Kingdom
Regulation	No Regulation
Market Instruments	Currencies, commodities, indices, metals, shares, cryptocurrencies
Demo Account	❌
Leverage	Up to 1:500
EUR/USD Spread	From 1.3 pips (Standard account)
Trading Platform	MT4
Min Deposit	/
Customer Support	Email: support@poopac.com, services@poopac.com
Customer Support	Address: UNIT G1, CAPITAL HOUSE 61 AMHURST ROAD,LONDON,UNITED KINGDOM E8 1LL
Region Restriction	US clients are not accepted

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

Pros	Cons
Various trading instruments	Non-functional website
MT4 supported	No regulation
Commission-free on the Standard account	Lack of transparency
	No demo accounts
	US clients are not accepted

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.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

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.