pershingment.com is a fraudulent brokerage site impersonating Pershing Square Capital Management, L.P. The domain was registered on August 27, 2024. It primarily offers investment services in markets such as foreign exchange, precious metals, crude oil, indices, and cryptocurrencies but does not provide services to countries and regions where local laws or regulations might be violated.
Company Registration Information and Regulatory Status
Public information on pershingment.com claims that the brokerage is a company entity named Pershing Square Capital Management Ltd, headquartered at 1430 Stout St, Denver, Colorado, United States, and is one of the 50 largest financial services companies in the USA. However, the brokerage's website does not disclose further registration or regulatory information about the company entity. The website also lacks comprehensive service terms, privacy policy, risk disclosure, and other related legal documents.
Upon investigation, it was found that pershingment.com has copied its company name and brand logo from the investment company Pershing Square Capital Management, L.P.
Additionally, pershingment.com, along with XM Defi, moneynetint.pro, Lenmax, ATF Trade Limited, CYOWV, aaaxmpro, and other fraudulent brokers, use the same template for their website design and content.
Trading Products
pershingment.com offers a variety of financial derivatives for trading, including foreign exchange, precious metals, crude oil, indices, and cryptocurrencies.
- Foreign Exchange: Offers dozens of major currency pairs including EUR/USD, USD/CAD, GBP/USD, USD/JPY, etc.
- Precious Metals: Provides various spot metal trading: Gold (XAUUSD), Silver (XAGUSD).
- Crude Oil: Offers US crude oil (USOIL) trading.
- Indices: Nikkei Index (N225), German DAX (GER30), S&P 500 Index (US500).
- Cryptocurrencies: Offers dozens of major digital currency pairs including Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD), etc.
Account Opening Process
The account opening steps on pershingment.com are as follows:
- Visit their website and click the "Register" button on the homepage to enter the account registration page.
- Fill in your email address and set a login password in the account application form, then submit the form to complete the registration.
- After registration, users need to complete KYC identity verification before they can deposit and trade.
Account Types
pershingment.com only discloses partial account information such as spreads, trading leverage, and contract size. However, key trading information such as account types, trading commissions, minimum/maximum trading volume, maximum position/order limits, margin call/stop-out levels, and minimum price precision is not clearly listed.
- Base Currency: USD
- Spreads: Floating spreads starting from 1 pip
- Trading Leverage: 1:100
- Contract Size: 1 lot = 100,000 currency units
Trading Platform
pershingment.com claims to provide a trading platform called ST5, which only supports web and mobile operation. It claims the platform includes over 50 technical indicators and intraday analysis tools, suitable for advanced traders. However, clicking the mobile download link on their website directs users to download "DETHUBMAX" from the App Store and "EVJORERJG" from Google Play.
Deposits and Withdrawals
pershingment.com does not explicitly disclose its supported deposit and withdrawal methods, related fees, or minimum deposit/withdrawal amounts on its website.
Summary
Traderknows alerts investors that pershingment.com is actually a fraudulent website lacking a proper corporate entity and regulation. The contact options on the site are very limited, with only email available for communication. Investors are advised to choose brokers that are transparent, strictly regulated, and reputable to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
