A reader has asked: Hi. I recently joined the above group and believed that it is fraudulent in some way / as to why I made reviews on your page …..
the thing is I’m still undecided if a scam or opportunity, as I withdrew slightly more than I put in ….
It’s just so suspect and dodge
After the leaders of group posted about Good money guide. All reviews were removed …. So I was just wondering if you have done anymore investigation work as to a clone company?? Cos still very tempting to invest.
Thank you for your question, we see a huge amount of search queries around this topic, but yes, you should avoid Pacific Peak Capital Parkers as they are not regulated and may be a financial scam.
You can see a summary of the forum discussions and our review here.
Also, the discussion forums have been moved to Invesdaq, which is a social network for investors. You can see and rejoin the forum discussion on Invesdaq here.
I should say, though, that there is a legitimate UBS financial planning team called Pacific Peak Partners, as well as an FCA regulated asset management firm called Pacific Capital Partners, neither of which should be confused with the three firms you are asking about.
A quick search for GPCmax shows an app on the Google Play store, that describes itself as “An intuitive automation tool that simplifies complex tasks with a single click. It seamlessly integrates across your devices and apps, streamlining workflows to save you time, reduce errors, and boost your daily productivity effortlessly.”
However, the images of the app seem to suggest you can buy and sell crypto on it. I would avoid as the description does not match the images. It also appears to have been developed in Packistan with a gmail email address associated with it. Also, the developer website mspiders.com does not seem to exist.
The Google Play store is significantly easier than the Apple App store to publish apps, which should be a red flag.
You mention you have withdrawn money, but have not said how. This is a classic tactic used by scammers, to develop trust by allowing smaller withdrawals, in the hope or larger deposits. This is essentially how Ponzi schemes work.
I would avoid as you should only deal with financial services, apps or providers that are regulated by the FCA in the UK.
The FCA has recently launched an easier-to-use version of the FCA Register called, Firm Checker, where you can check to see if a provider is regulated in the UK.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
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