Partner Groupe – Is It a Scam?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Partner Groupe - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Depositupdated 2020
When going through Partner Groupe’s website, we did not find enough information about its trading conditions. The only information that this broker offers is that it has spreads that start at 0 pips, micro accounts that have lot sizes that start at 0.1.
However, we were able to register for an account and see for ourselves what the actual trading conditions looked like. We found out that the leverage offered by Partner Groupe is at 1:10 and the spreads we actually at about 0.9 pips for the popular currency pair, the EURUSD.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://partnergroupe.com/
Founded: 2009
Regulations: Unregulated
Languages: English, Russian, Polish, Spanish and Italian
Deposit Methods: Bitcoin, Bank Wire
Minimum Deposit: Not Given
Free Demo Account: None
Number of Assets: Unknown
Types of Assets: Currencies & CFDs on Cryptos, Commodities, Metals, Stocks
Trading Accounts and Conditions
When going through Partner Groupe’s website, we did not find enough information about its trading conditions. The only information that this broker offers is that it has spreads that start at 0 pips, micro accounts that have lot sizes that start at 0.1.
However, we were able to register for an account and see for ourselves what the actual trading conditions looked like. We found out that the leverage offered by Partner Groupe is at 1:10 and the spreads we actually at about 0.9 pips for the popular currency pair, the EURUSD.
Partner Groupe – Advantages
Since we always try to be as fair as possible in our reviews, we mention both the good as well as the bad about a broker. Thus, here are the advantages of trading with Partner Groupe:
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Spreads Look Good
Like we mentioned in the earlier segment of our review, Partner Groupe offers spreads of 0.9 pips. This narrow spread is actually very advantageous for traders, so we would consider this a plus that this broker offers such low spreads.
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Range of Tradable Instruments
Partner Groupe offers quite a wide range of tradeable assets. This broker offers you forex pairs as well as CFDs on assets such as stocks, commodities, cryptos and so on. In fact, the range of cryptocurrencies that are available for trade is very wide.
Partner Groupe – Disadvantages
Sadly, with the exception of its spreads and range of assets, we could not find anything else that could be advantageous for traders to do business with this broker. Here are the reasons why it would be disadvantageous for you to contract with Partner Groupe:
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Not Regulated by Any Financial Authority
Partners Groupe is supposedly owned by a company called PRBS Gestion Group LLC. This company is registered in SVG (St. Vincent and the Grenadines).
The fact that this broker’s parent company is registered in SVG immediately raised our hackles, since this territory is known to be a hub for forex brokers who are looking for a shortcut.
The SVG government has, on numerous occasions, publicly stated that it does not offer regulatory oversight for companies that offer Forex trading services. So, if this company is registered in SVG and is offering Forex services (which it is), then it means that Partner Groupe is operating without a legitimate license.
Partner Groupe also claims to have branch offices in Monaco, Moscow, Cyprus and the Bahamas. However, none of these jurisdictions have this broker or parent company listed as registered. So, in essence, this broker is operating its brokerage illegally.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Almost No Clarity on Trading Conditions
Partner Groupe has provided next to no information about its trading conditions. The only thing we can glean from this broker’s main page is that it offers its customers a spread that starts from 0 pips.
We verified this piece on information on the broker’s trading platform and found this claim to be false. The actual spread shown on its platform was 0.9 pips.
Besides this, we do not have any other information such as the minimum investment amounts needed to begin trading with Partner Groupe.
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No Demo Account
Traders that are above board tend of offer their clients demo accounts that allow traders to practice a few trades. This way they can familiarize themselves with the trading platform offered. They will also be able to verify the various trading conditions a broker has in place.
Partner Groupe does not offer this facility to its customers, which means that it is not as honest as it would like you to believe it is.
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MetaTrader 4 Not Offered
Partner Groupe offers its clients a web-based, unbranded trading platform. While this platform does offer traders some analytics tools, it cannot be compared to the MetaTrader 4 platform.
The MT4 platform is the foremost trading software in the world today. It has an easy to use intuitive interface that can be used by both novices as well as pros.
This platform also offers a large number of trading analytics tools to help traders make more informed trades. With the MT4 platform, traders get to use Expert Advisors (automated trading bots), charting tools and market indicators – all of which can be customized to suit their needs.
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Low Leverage
Partner Groupe offers its customers a very low leverage ratio of 1:10. This is very unusual, since unregulated brokers usually offer much higher leverages to their customers – or should we say, victims?
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Limited Deposit and Withdrawal Options
The only two ways in which you can deposit or withdraw money form this broker’s account is by doing a bank transfer or by using Bitcoin.
Partner Groupe does not offer payment options such as credit or debit cards, or e-wallets such as Neteller, Skrill, PerfectMoney and so on.
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Trading Bonuses
Trading bonuses are extremely controversial subjects, and most financial regulators have prohibited brokers from using bonus promotions to attract more customers.
The reason for all of this is that the conditions attached to such bonuses are usually extremely harsh. An example of this harshness is the fact that you need to meet absurdly high levels of trading volume to be able to withdraw your own funds from your account.
Conclusion
After going through Partner Groupe’s complete website, we have reached the conclusion that this broker is not safe to deal with. So, if you wish to not lose your money, we would recommend that you contract with a regulated and reputed broker.
Partner Groupe
Pros
- Spreads Look Good
- Range of Tradeable Instruments
Cons
- Not Regulated by Any Financial Authority
- Almost No Clarity on Trading Conditions
- No Demo Account
- MetaTrader 4 Not Offered
- Limited Deposit and Withdrawal Options
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
eToro is a multi-asset platform which offers CFD and non CFD products. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.