Partner Groupe Review Is Partnergroupe.com Legit or a Scam

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Contents

Partner Groupe Review: Is Partnergroupe.com Legit or a Scam?

Partner Groupe Review: Information is power. How much power do you have? Is Partnergroupe.com legit? How true is the information on their website? Could it be a scam? Read and find out the result of our investigation.

Partnergroupe.com is the website of a Forex brokerage registered in Saint Vincent and the Grenadines. Partner Groupe is an European Broker and is regulated by the International Securities Commission.

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What Partner Groupe Say They Have to Offer

Partner Groupe claims to offer traders more than 150 currency pairs to trade with. They say that give access to more than 250 trading tools, more than 35 indexes and narrow spreads.

They claim to guarantee safety on investment with a 100% welcome deposit. They also claim to have deposited the authorized capital of the company $ 450,000,000 and offer negative balance protection.

This brokerage claims to offer traders a demo account as well as micro accounts with a minimum lot of 0.1. Their withdrawal process takes up to 24 hours to the card of any bank. So they say…

Partner Groupe Withdrawal and Deposit Methods & Fees

To withdraw, Partner Groupe only allows Bitcoin and Bank Wire. We consider this very limiting. Depositing Channels however, are broad. This includes Visa, MasterCard, Yandex, WebMoney etc.

Partner Groupe claims that they have no fee attached to withdrawal but bear it in mind that if you decide to withdraw via bank wire, you will be charged a small fee by your bank. They also claim that their withdrawal process take only a working day (24 hrs) but we are unable to ascertain this. We advise that potential traders invest only the minimum deposit and after sometime, withdraw a small fee to know for sure if what Partner Groupe says they are, is what they are.

Partner Groupe Trading Software

We registered in the brokerage’s demo account and found out that this brokerage is a web-based platform. It has no provision for MetaTrader 4 trading platform which is inarguable the best platform for trading.

Is Partner Groupe Licensed?

During our investigation, we discovered that Partner Groupe is licensed. They registered under the company name of PRBS Gestion Group LLC. Their registration number is 136 LLC 2020. You can find this in their license page.

Partner Groupe Review – is it scam or safe?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spread
Standard N/A 1:10 0.9 pips

Partner Groupe is an offshore forex and CFD broker whose website lacks key information on the trading conditions. In this detailed and unbiased review, we will attempt to shed some light on its services, so make sure you read the following lines before opening an account.

Partner Groupe Advantages

Seemingly good spreads

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Partner Groupe hasn’t mentioned anything about trading costs on its website, but after signing up, we managed to log in their web-based interface and take a look at the spreads. As it seems, the benchmark EUR/USD spread is floating around 0.9 pips, which sounds pretty lucrative for traders.

Yet, considering that Partner Groupe is not licensed and could be involved in scam, you’d better check out the pricing of some top-tier brokers instead:

Wide range of assets, lots of coins available

Furthermore, Partner Groupe’s offer seems very broad in terms of assets available for trade. The broker’s product portfolio covers currency pairs, CFDs on indices, commodities, some stocks, and a lot of cryptocurrencies. In case you are interested in trading digital assets like Bitcoin in the form of CFDs, check out our list of reliable brokers who offer that.

Partner Groupe Disadvantages

No regulatory oversight

Regulation is the single most important factor for the safety of any investment and the fact that Partner Groupe does not have a legit license significantly lowers its credibility. The broker is allegedly a trademark of PRBS Gestion Group LLC, a company registered in Saint Vincent and the Grenadines (SVG).

Click on the image to view larger.

This offshore zone is a popular forex broker destination for companies looking for low registration fees and taxes, as well as freedom from all kinds of regulatory requirements and oversight. In other words, clients of this broker are subjected to various risks, the most prominent of which is that they might never get back any funds invested.

Furthermore, the broker claims to have offices in Cyprus, Moscow, Monaco, and the Bahamas, and the website is available in English, Spanish, Italian, Polish, and Russian. That said, it is very probable that Partner Groupe illegally targets European investors.

Zero clarity on trading conditions

As a matter of fact – there is scant information on the trading conditions and platform of Partner Groupe on their website. So, potential clients are unaware of the minimum investment required of them, the trading costs, maximum leverage levels provided, etc.

Besides, the broker does not offer any test-drive of the trading platform, so we can safely conclude that it isn’t transparent with its services and pricing. Such a lack of clarity is quite likely an indicator of shady purposes behind the website.

MetaTrader not supported

So, we had to register a live trading account with Partner Groupe and managed to log into some unproven web platform, which, however, isn’t devoid of analytics. Here is a snapshot:

Partner Groupe’s web platform. Click to zoom in.

Nonetheless, this trading interface cannot be compared with the legendary MetaTrader4 (MT4) platform. The MT4 is popular for its great charting, support for automated trading via Expert Advisors, the MQL marketplace, easy customization, and more.

Conclusion

Although we listed a few possible benefits of Partner Groupe, we would not recommend investing with this broker for two simple reasons: they aren’t licensed, nor transparent with their offer.

In order to avoid becoming one of the many victims of investment fraud, make sure that you only deal with reputable and well-regulated brokerages. The most reliable companies in the forex business are licensed by the Financial Conduct Authority or CySEC in Europe or ASIC in Australia.

Here is a summary of the key points in our review of Partner Groupe:

Pros Cons
Seemingly attractive spreads No financial regulation
Wide range of assets, lots of coins available Zero clarity on trading conditions
MT4 not supported, no demo accounts
Possibly targeting EU investors
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Partner Groupe Review – 5 things you should know about Partnergroupe.com

Beware! Partner Groupe is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Partner Groupe is a forex brokerage registered in Saint Vincent and the Grenadines. It provides a web-based platform, not the MetaTrader4 trading platform and a leverage of just 1:10. Furthermore, the website flaunts with a wide range of trading products and the spread appears to be below 1 pip on EUR/USD.

Partner Groupe regulation & safety of funds

On the brokers website we read that the broker brand is owned and operated by a SVG-based company registered under the name PRBS Gestion Group LLC. Saint Vincent and the Grenadines is a well-known offshore zone and a preferred location for shady brokerage.

Readers are reminded that the government of SVG has had to publicly state quite a few times in the past that it does not regulate Forex trading and thus we may safely conclude that not only is the brokerage not regulated. Furthermore, trading with an offshore, unregulated brokerage hides a lot of risk. There may be commingling which means that the brokerage may commingle together the finances of the firm and the finances of the clients.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with CySEC it is up to 20 000 euro per person.

Partner Groupe trading software

Putting this aside, the brokerage does not provide the MetaTrader4 terminal which is the foremost platform in online trading at the moment. Instead, there is a web-based platform but a demo account is not offered for interested traders. We have always said that a test-drive of the trading terminal is the most transparent way of getting acquainted with the trading conditions of the broker and we view it as a must for every brokerage striving for legitimacy.

There is also no information regarding the spread on the website of the brokerage which leaves us pretty much in the dark regarding one of the most crucial aspects in Forex trading. The leverage extended to traders goes up to only 1:10 which is quite weird since unregulated brokerages usually provide higher leverage. Putting this aside, the lack of regulation and the offshore location of the brokerage incline us to suspect that potential client’s funds may be at risk.

Partner Groupe deposit/withdrawal methods and fees

One of the big disadvantages of the broker is that withdrawals are supported only through bank wire and Bitcoin. Usually in Forex trading brokerages support the standard Visa and MasterCard, as well as e-wallets such as WebMoney and QIWI.

We could not find any troubling provisions in the terms and conditions of the brokerage, but we did read that there is a dire trading requirement in order for the bonus promotion to be eligible for withdrawal. This is why we remind readers of all the ways a trader may test the brokerage’s intentions. Firstly, traders are advised to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Even though the forex trading world is extremely large and encompasses millions of people around the globe, the most common scamming is pretty simple and straightforward and as such – it’s not particularly daring to avoid. Here is a quick overview of how it is done:

Through clicking an ad with promises for fast money, you will be redirected to a website such as Bitcoin Evolution or The bitcoin miner where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have a limited time period for filing achargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing thе crucial period and, along the way, losing any chance you might have of getting the money back.

It is important here to take notice that both Visa and MasterCard are taking measures to combat unregulated forex brokerages by classifying all forex transactions as high risk. And they are correct in doing so. Furthermore, supporting their intention with clear actions – MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!u

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

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

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

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:

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.

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:

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.

Partner Groupe Review: Partnergroupe.com Real Platform

Partner Groupe Review: Partnergroupe.com Real Platform

64 Comments

Last Updated: Jan 13, 2020 @ 3:16 pm

Partner Groupe (Partnergroupe.com) is a fascinating online trading platform with a guaranteed safety on investment. ParnerGroupe is a European Broker offering investors with a 100% welcome deposit. The broker is regulated by the International Securities Commission making it trustworthy. What to expect with this broker? With a personal analyst with years of experience, investors are in safe hands. Make sure to read this detailed PARTNER GROUPE Review to know more.

With over 1 million traders around the world, Partner Groupe is solidifying itself as a trusted partner. Newbie investors are happy with the way their investment goals are planned and executed. You don’t need to be an expert to start trading with this one of a kind platform. Sign up today and enjoy the full benefits of trading with this platform. With a satisfied client base, Partner Groupe is facilitating investors to enjoy using the best trading platform. You are missing out on an interesting online investment platform.

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Features of Partner Groupe

Access to trading instruments

With Partner Groupe, users get access to more than 250 trading instruments. You are bound to get Commodities, Forex, indices, raw materials, stocks, stock products and more. With commodity trading being a favorite among European investors, Brent, Gold, and WTI are available. With Forex trading, you should expect over 150 currency pairs to choose from. Some of the pairs include EUR, USD, PLN, RUB, among others.

When it comes to index trading, the platform has this well-covered. You can trade with over 35 major indexes available on the platform. Start trading with over 65 fast growing major companies. Stocks from companies such as Google, Amazon, Facebook Inc, Apple are available on this platform. You are guaranteed of narrow spreads of 0 pips and a minimum lot of 0.1 pips. With such enticing features, no wonder Partner Groupe has over a million traders using their platform.

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Customer’s safety Partner Groupe

Partner Groupe is one of the few European brokers to fully comply with the set industry regulations and rules. They also comply with international trading laws to ensure your capital is well preserved. By doing Partner Groupe makes it possible for any trader anywhere in the world to sign up and enjoy the full benefits. The company has deposited the initial authorization capital of 450,000,000 with proper authorities. Safety of funds is a priority and ensures investors are trading with a secure platform.

The platform also offers negative balance protection which means traders are fully protected from loss. You will never loss beyond the initial investment, placing trades is safe and secure. Users are also given the protection of open lots which makes it possible for investors to earn reasonable profit margins. With deposit insurance also on the cards, you will never be afraid of not being compensated. Blockchain is also used to encrypt transactions and personal data. Your information is secure and is never shared with third parties.

Customer Support

Communication is vital when it comes to online trading. Partner Group is ensuring users have the chance to communicate with brokers 24/7. Not only are the call agents super friendly, they communicate in any language. In case of any disputes, the live chat support team will stay in touch until the dispute is cleared. This is a 5 star rated customer support and has been instrumental in the platform’s growth. With an available support staff, investors can trade knowing help us available at all times.

You can visit their contact page and get to choose which method you prefer. Users can contact Partner Groupe via emails or make calls directly to the call agents. Investors are also given the contact details of their broker just in case they want to ask a question. With email communication, users get their answers within a working day. Different emails are used to cater for different cases which make the communication process seamless. And this is why Partner Groupe has a five star communication rating.

Demo Account

Another fascinating feature with Partner Group is having a working demo account. A demo account is used to give users a test of what to expect with the platform. We tested the platform and were happy with the way trades were placed. The platform executes trades in an acceptable speed which is a plus for traders. Advanced tools available also help users to trade easily as well as teach them the ropes of trading. Newbies should test the demo account and see how well it works.

Partner Groupe Deposit and withdrawal

When it comes to depositing funds, the process is easy and quick. Depository channels available include MasterCard, Visa, and others. Thanks to Partner Groupe being secure, investors are making safe transactions without having to worry about third party interference. Withdrawing funds is also fast and users get their funds within a business day. You simply have to click the withdraw tab and follow the instructions given. Most investors are happy with the withdrawal time making it a perfect platform.

License and registration

PRBS Gestion Group LLC is the company behind this platform. They have been authorized by authorities in St. Vincent and the Grenadines. Partner Groupe has posted their regulation documents on their license page. By doing so, they openly reveal their regulatory status to all investors. You can see the company is licensed with 136 LLC 2020 being their registration number. Investors are in safe and capable hands thanks to the tight regulations set by the trading industry.

Training Materials

For investors who want to learn more about Forex trading, Partner Groupe offers a thorough trading guide. You can learn more about Forex trading thanks to the platform’s 460 analysts who teach these lessons. There have been over 78,000 traders who have completed the training making it a successful learning platform. The amount of profits earned by students in the year 2020 stands at $45 Million which is surreal. For those who wish to join the training program, you simply have to sign up.

Verdict

As investors and traders, we are happy with the way Partner Groupe is handling users. The spreads are enticing and the platform is user-friendly. Sign up process takes less than five minutes and there are no hassles involved. With deposit and withdrawal being satisfactory, Partner Groupe is definitely a broker worth trying. Ensure you sign up with the platform which has set the minimum depository amount at $250. And this is in line with the acceptable industry’s standard price.

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Wishing you all the best in your Forex trading experience

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