Pawram Loan App has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The spread at Pawram Loan App is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Intuitive for beginners|Dedicated account manager|Detailed reporting|Low minimum deposit
Cons: Website design could be more modern|Cannot customize dashboard fully
Several red flags with Pawram Loan App: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Unauthorized firm|Found in IOSCO warnings database
The onboarding at Pawram Loan App was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Transparent fees|Tax reports included|Dividend tracking|Dedicated account manager
Cons: Mobile app could be improved
Tried to withdraw my funds from Pawram Loan App and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Pawram Loan App said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Fast deposits|Copy trading available|Educational resources|Automated trading options
Cons: No dark mode on mobile
Customer support at Pawram Loan App seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: High security standards|Dividend tracking|Responsive team|Competitive fees
Cons: Search feature is basic|No live chat on mobile
For anyone considering Pawram Loan App, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Flagged by international regulators|Due diligence required
Pawram Loan App seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Tax reports included|Fast execution|Dividend tracking|Multiple order types
Cons: Help articles are sometimes vague|None so far
After for a couple of months now with Pawram Loan App, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: No hidden fees|Segregated accounts|API access
Cons: Alert system is basic
I signed up with Pawram Loan App after my brother mentioned them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Multiple order types|Low minimum deposit|Transparent fees
Cons: Minimum deposit could be lower|Could offer more webinars