Private Venture Capital Group has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: -852 3020 7309
Addresses: 8E 21F Office Building B Jing Gang City Plaza 3A Shi Li Pu Chao Yang District Beijing 100025 China This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.privatecvgroup.com.
I experienced a security concern with my Private Venture Capital Group account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Portfolio tracking tools|Detailed reporting|Clear documentation
Cons: Charting tools need more indicators
KYC with Private Venture Capital Group 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: Tax reports included|Multi-device support
Cons: Limited demo account features|Spreads widen during volatile periods
My card was charged twice by Private Venture Capital Group on the same day. I had to dispute it with my bank. Private Venture Capital Group then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Intuitive for beginners|Educational resources|Regular platform improvements|High security standards
Cons: Website design could be more modern
Private Venture Capital Group changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Multi-currency support|Easy withdrawals
Cons: Search feature is basic
Private Venture Capital Group 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: Good mobile app|Economic calendar|Dedicated account manager
Cons: Desktop app not available on Linux
The so-called education at Private Venture Capital Group is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since I opened my account last year thinking they would help me learn.
Pros: Two-factor authentication|Helpful community forum|Detailed reporting
Cons: Limited cryptocurrency options
Where do I even begin with Private Venture Capital Group? since last summer 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: API access|No hidden fees|Dividend tracking|Multi-device support
Cons: Minor UI glitches occasionally
I found Private Venture Capital Group through word of mouth in my investment club and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Fast support response|Easy to use platform|Multi-device support
Cons: Website design could be more modern|No dark mode on mobile
The onboarding at Private Venture Capital Group 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: Multi-currency support|Portfolio tracking tools|Clean UI|Wide product range
Cons: Help articles are sometimes vague|Wait times can be long during peak hours
After for about eight months with Private Venture Capital Group 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: Detailed reporting|Fast support response|Easy to use platform|Competitive fees
Cons: Minor UI glitches occasionally|Would like more payment methods