PCP-Claims.org 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.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that PCP-Claims.org 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: Lost entire investment|Reported to authorities|Unresponsive
I signed up with PCP-Claims.org from a blog post comparing services 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: Easy to use platform|Demo account available
Cons: Limited ETF selection
I gave PCP-Claims.org a fair chance. After for about eight months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: High security standards|Two-factor authentication
Cons: Help articles are sometimes vague|Desktop app not available on Linux
If you are reading this considering PCP-Claims.org - run. I wish I had read more negative reviews through a podcast recommendation. I thought the positive ones were real. Maybe some are. My experience over for over three years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Fast support response|Easy to use platform|Instant funding
Cons: Account statements could be more detailed
My withdrawal request from PCP-Claims.org has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Tax reports included|Fast support response|Multiple order types|No hidden fees
Cons: None so far|Mobile app could be improved
PCP-Claims.org offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Social trading features|Market news feed
Cons: No fractional shares
I opened an account with PCP-Claims.org since last summer ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Tax reports included|Good analytical tools|Great customer service|High security standards
Cons: Help articles are sometimes vague
I looked into PCP-Claims.org and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Flagged by international regulators|Due diligence required
I had a dispute with PCP-Claims.org and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Clean UI|API access|Intuitive for beginners|Market news feed
Cons: No integrated tax optimization
KYC with PCP-Claims.org 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|Regular platform improvements
Cons: Email notifications too frequent