Is Partner Effect Reliable Broker? A Detailed Review of partnereffect.net

With the advancement of technology, it has become possible to earn money through trading directly from your smartphone or computer, as reliable brokers even provide special software to simplify access to the platform. Unfortunately, not all platforms actually pay out funds to their clients. Many merely attract audiences with favorable trading conditions, only to disappear from the market and keep all user savings for themselves. In this Partner Effect review, you will learn why you should avoid working with this company.

Is Partner Effect a Trusted Platform

This article discusses a dishonest organization that can be classified as fraudulent. Throughout its existence, Partner Effect has not received a single genuine positive review from traders. After a few days of cooperation, the company restricts the client’s access to the platform and prevents them from withdrawing earned money.

If you plan to trade from your smartphone, you might be disappointed with Partner Effect’s capabilities, as the site is not at all adapted for mobile devices. Half of the sections load incorrectly, though it doesn’t matter much since the platform lacks crucial information that could even slightly inform potential clients about the available features.

The broker’s website is poorly made. It is difficult to find the necessary section and navigate through it. The project seems to be not aimed at working with beginner traders, as a novice is unlikely to even be able to register due to the arising difficulties. Particular attention should be paid to the available leverage size. Traders can use borrowed funds at a ratio of 1:1000. This level violates all regulatory limits and clearly confirms suspicions about the company’s illegal activities.

Partner Effect’s support service operates only five days a week. It is unknown what traders with issues on weekends should do. Some problems, especially those related to finances, require immediate resolution, but this will not happen since the technical support operators will not be available. Such service clearly indicates the unreliability of the organization, as reputable brokers always strive to assist their clients at any time, day or night.

The information about the license is false. The document allegedly authorizing the provision of services was supposedly obtained in 2023, but in reality, the site only started operating in 2024, making it impossible for Partner Effect to have passed regulatory checks before its launch. Moreover, instead of a license, the site only presents a certificate of incorporation obtained by Partner Effect Corp Ltd. This company is engaged in the administration of financial markets and fund management activities, which have nothing to do with brokerage services. Additionally, the company is not listed in the FCA registry, the UK regulator. This means it does not have a license.

Concerned About Withdrawal?

Broker Partner Effect offers standard options for depositing and withdrawing funds, but these options are only revealed after registration. The website completely lacks policies explaining the processes for deposits, withdrawals, and refunds. It seems these crucial documents have simply been forgotten, with only a user agreement in place.

How Long Does The Broker Work?

At the bottom of the homepage, it is stated that the project allegedly began operations in 2023, but no specific date is given, and there is no mention of future development plans. The domain creation date can be checked through the Whois service, which shows that the broker started working in March 2024. This means the information published on the site is false.

Other Signs of Fraud

❗Lack of Useful Information in the User Agreement: Instead of clearly defined rights and obligations of the parties, clients can only see security recommendations and nothing more. The broker does not address issues such as account closure, resolution of compensation issues due to technical problems, and many others. What a client should do in case of such difficulties is unknown, as Partner Effect may outright refuse to assist.

❗Technical Support Does Not Respond to Messages: The only real way for clients not residing in London to contact support is via email, but no one responds, even though support supposedly works five days a week. It seems the broker deceives traders even in this aspect.

❗Excessively High Leverage: As mentioned earlier, the leverage ratio is 1:1000. Even scammers rarely set it this high, but the owners of Partner Effect are not concerned by the fact that the maximum allowed for UK brokers for retail traders is 1:50.

Partner Effect Review Conclusions

It is evident that Partner Effect does not intend to establish long-term cooperation but instead plans to deceive as many traders as possible to obtain their funds.

➕Convenient registration form.

➖False information about the license and project creation date.

➖Manipulated positive reviews.

➖Excessive leverage ratio of 1:1000.

FAQ

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