Pecan Capital MG has been flagged by Central Bank of Ireland 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 hidden fees at Pecan Capital MG are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Regular platform improvements|Economic calendar|Helpful community forum
Cons: None so far
I lost a significant amount because Pecan Capital MG 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: Wide product range|Regular updates|Stable platform
Cons: None so far|Minimum deposit could be lower
I am in a dispute with Pecan Capital MG over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Automated trading options|API access
Cons: No live chat on mobile|Live chat only during business hours
Several red flags with Pecan Capital MG: (1) They promise unrealistically high returns, (2) They're not registered with Central Bank of Ireland, (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: Not registered with regulators|Unrealistic promises
I have been trying to close my account with Pecan Capital MG for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Helpful community forum|Reliable uptime|Good mobile app
Cons: Account statements could be more detailed|No fractional shares
I joined Pecan Capital MG after my brother mentioned them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: API access|Great customer service
Cons: Website design could be more modern|Search feature is basic
After for about three months with Pecan Capital MG I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Full transparency|Tax reports included
Cons: Alert system is basic
I was contacted by Pecan Capital MG through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics