Pac Finanx has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The reporting at Pac Finanx is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Smooth onboarding|Fast execution
Cons: None so far
The mobile app from Pac Finanx is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Regular platform improvements|Wide product range|Stable platform
Cons: No live chat on mobile|Charting tools need more indicators
I lost a significant amount because Pac Finanx did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Instant funding|Demo account available|Multiple order types
Cons: Research section could be deeper|No live chat on mobile
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Pac Finanx is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
KYC with Pac Finanx is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Multi-currency support|Customizable dashboard
Cons: Withdrawal takes 1-2 business days|Limited ETF selection
What really bothers me about Pac Finanx is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.
Pros: Multi-currency support|Clean UI
Cons: Website design could be more modern
Opened my account with Pac Finanx through word of mouth in my investment club and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: API access|Professional team|Great customer service
Cons: Minor UI glitches occasionally
I was about to invest with Pac Finanx but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Services and Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Where do I even begin with Pac Finanx? for roughly four months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Detailed reporting|Easy withdrawals|Low minimum deposit
Cons: Alert system is basic
Do not use Pac Finanx for anything serious. I used them for close to eighteen months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Great customer service|Easy withdrawals
Cons: Limited demo account features