UK Clearing House Review Is It Legit Or Scam

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UK Clearing House Review: Is It Legit Or Scam?

UK Clearing House Review: this is the name of a Forex broker that is located in London, United Kingdom. Is ukclearinghouselimited.com a scam Forex broker?

This broker was established in 2020 and claims to be based in the UK. We are aware that all UK based Forex brokers are under the jurisdiction of the Financial Conduct Authority (FCA). Any Forex broker in this region must have a license issued by this authority to be deemed as legit. When we checked the register of the FCA, we found the company that owns the broker there.

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This proves that the Forex broker is not illegitimate. Further, since there exists a regulatory commission supervising UK Clearing House, clients can be rest assured. Funds that are invested would be traded within the conditions the broker outlines. Any misconduct will be looked into by the authority above.

UK Clearing House also known as UKCH, offers many impressive trading assets as we find on the page. There is no demo account offered however, for clients to test their claims out. Their trading platform is said to be user-friendly and easy to use.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

UK Clearing House Trading Platform

UK Clearing House offers traders the MetaTrader 4 trading platform. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are: Forex currencies, CFDs on precious metals, crude oil, Brent and major indices. We find that it does not offer crypto option to clients. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages offered is 1:30 and this may not seem generous but is quite good. This is because higher leverage may pose more risk to funds. The spreads on the EURUSD is not provided.

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Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on UK Clearing House

We do not find many options provided for making payments and withdrawals on the website. The missing e-Wallet option is a worrying sign.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is not mentioned making it difficult to know if it is within the obtainable average of $100 – $250 among brokers or not. Withdrawal charges are not stated for this broker. Sometimes it is better to mention if they apply or not. We do not even find any terms and conditions; this is a shady thing. Traders are expected to sign up for something with unclear conditions.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is UK Clearing House Licensed?

Yes. UK Clearing House is duly licensed by the Financial Conduct Authority of the United Kingdom. It is wise to trade with brokers that have a license from these kind of commission.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

There is a “Contact Us” link on the website that allows a trader wanting to make inquiries to send a message.

Conclusion

UK Clearing House is a licensed Forex broker; this makes it likely that we give it a high rating. Some of the conditions we found are also good like the trading assets and the trading platform. However, there are some details that are missing on the broker that we would prefer to be made known to better inform the decision of traders.

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Is Publishers Clearing House a Scam? [Truth Exposed]

Is Publishers Clearing House A Scam?

Today I’m taking a closer look at Publishers Clearing House and sharing more information.

There has been talk around Publishers Clearing House being a scam, so let’s find out what the real deal is.

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Publishers Clearing House Overview

Here’s what we will cover inside this review of Publishers Clearing House:

Table of Contents

Publishers Clearing House (PHC) is famed for its direct marketing in merchandise and newspaper subscriptions.

It basically uses sweepstakes as a strategic means of increasing its magazine purchases.

Customers are drawn to its merchandise with a chance to win megabucks.

Credit: fair use

It’s a simple win-win situation where the company makes huge sales, while consumers get a chance to win major prizes, and awards.

Besides, customers can also play different varieties of prized based games from the company’s websites.

Who Is The Founder of Publishers Clearing House?

He already had huge experience e as a Manager in a door-to-door sales group for newspaper subscriptions, before embarking on PHC as a family business.

The company which was first based in Long Island, New York, began its initial operations in 1953.

Its unique and highly successful sweepstakes marketing strategy took form around 1967 and was used to draw as many customers to its merchandise as it could.

How Does Publishers Clearing House Work?

PHC is mainly a direct marketing company.

It sells a wide range of merchandise including newspaper subscriptions, books, and jewelery.

It also operates a number of gaming websites.

The company’s main selling point is its magazine subscriptions with sweepstakes as a major selling strategy.

The best thing is that once you purchase the magazines, which are also heavily discounted, you stand to win major prizes.

As such, no ticket purchase is ever required for a consumer to qualify and win.

These sweepstakes are run on a daily basis which maximizes on winning chances.

There are several ways you can subscribe to the company’s sweepstakes program.

You can elect to join through its online platform, or by mail, or even by phone.

To subscribe online, you can search and visit their main website, and follow the signup prompts for you to finally join.

PHC also have their mailing networks, which you can respond to, and get to subscribe.

Other than that, you can also contact them by telephone to have them enlist you onto their sweepstakes database.

The company also runs several websites for different games.

An example is its PHC games, lotto, and highly popular video poker games.

Is Publishers Clearing House A Scam or Legit?

Publishers Clearing House scam claims are in fact not true. The company has been in existence for many decades.

Essentially, its legit operations are what has enabled it to withstand the test of time.

It’s business forte remains to sell a variety of merchandise, such as magazine subscriptions, jewelry and massive cash giveaways in its sweepstakes, and gaming products.

As an online operation, the sweepstakes are available to customers from all walks of life.

However, based on a large number of subscribers, it becomes quite difficult for everyone to get a chance to win.

The odds are usually much higher than expected.

In fact, it requires you to wait patiently for your lucky day to arrive.

Because PHC is such a famous sweepstakes company, imposters do times run amok, and scam innocent consumers out of their hard-earned cash.

Care must, therefore, be taken to know whether your prize is in fact from PCH or scammers out there.

Customers need to carefully double check the contact information, and logo, to establish whether the details they have are in fact legit.

Again with PHC, you do not have to pay anything to get your prize, this is what differentiates it from imposters.

Pros of Publishers Clearing House

There is a huge variety of merchandise from which you can choose.

  • You do not have to pay or purchase tickets to qualify for the sweepstakes
  • The daily sweepstakes’ routine offers high chances of winning a prize
  • Multiple platforms make it easy for anyone to subscribe
  • The company features an excellent customer support team, who are quickly reachable

Cons of Publishers Clearing House

  • It may take quite a while before you enter the program, after initial subscription
  • You may be the unfortunate recipient of too mains emails, or postal mail
  • Chances of winning are usually slim

Publishers Clearing House Verdict

My verdict is that Publishers Clearing House is a legit company that has been around for many years and is not a scam.

There are of course some negative aspects of Publishers Clearing House that I have explained, however that does not make them a scam.

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Publishers Clearing House Review – Is it a Scam or Legit?

Winning money is a dream come true for many people who like to enter sweepstakes and contests. There are several companies which run contests or sweepstakes every year with cash prizes, including Publishers Clearing House, which is also known as PCH.

What is PCH?

PCH is a direct marketing company which sells magazine subscriptions and markets them by offering sweepstakes and games offering cash and other prizes. The company has been in business since 1953 and started running their sweepstakes in 1967. They now own several other businesses, including an online gaming company called Funtank.

How Does PCH Work?

Any adult can enter PCH sweepstakes or play games offered on their website. They can also enter sweepstakes after receiving a direct mail promotion by either going to the website or mailing in their entry. Each giveaway has “Official Rules” posted on the website or in the material they mail out.

Each giveaway has an assigned number so they can be tracked, but there can be different promotions under the same giveaway number that offer smaller cash prizes. For instance, PCH may offer a million-dollar prize under the main giveaway number, but then they could have promotions offering smaller cash prizes with different entry deadlines. Each promotion also has a unique number so everything can be tracked.

Prizes

Publishers Clearing House offers a variety of prizes for giveaways and promotions. The main and the most popular prize is cash. However, they also reward automobiles, tablet computers, and gift cards. The cash prizes vary from small amounts like $10 up to $2 million dollars or more. They also have many sweepstakes offering prizes like $7,000 a month for life.

There has been some concern that the sweepstakes giveaways are a Publishers Clearing House scam to get people to buy magazines or merchandise, so they have a better chance to win. However, the company states on its website that purchases do not give entrants any advantages.

The PCH website also offers several different games, including token games in which players can win small cash prizes or additional tokens to redeem for other prizes. Some of the other games include casino games like slots and blackjack, arcade and carnival games, and a lottery, all which offer cash prizes.

Ways to Win

PCH offers many ways to win cash besides their sweepstakes. They have several games on their website offering players a chance to win cash and other prizes.

Sweepstakes – Publishers Clearing House runs several sweepstakes throughout the year. Some of them offer small amounts like $1,000 or $2,000, but they also offer sweepstakes worth millions of dollars, including one with a $10 million prize.

PCH Search & Win

PCH has a search engine on their website to look up any information you wish. Along with search results, you win tokens in increments of $5,000 for using it during the week, Monday through Friday. So, Monday you would get $5,000 tokens for conducting a search, Tuesday is $10,000, etc.

PCH Games

There are many opportunities to win smaller cash prizes on the games page. By playing an arcade or carnival game, you play for $1,000 or $2,500. Cash can be won by playing the casino games, blackjack, and slots, or they also run tournaments offering larger prizes like $10,000. Finally, they have token games for which players win tokens and small cash prizes like $100.

PCH Lotto

The lotto games are played like the regular lottery in which you pick numbers to win the jackpot. The main lottery is a daily drawing that has a growing jackpot worth several million dollars, but there are other daily lotteries for smaller amounts like $500, $2,500 or $10,000.

Facebook Contests

If you become a fan of PCH on Facebook, you will have several opportunities to win cash or token prizes. They have Facebook widgets, like the Share and Win widget, which allows you to spin and win instant prizes. Put the widget on your page to allow others to spin and win as well.

Eligibility/Requirements

When a winner is selected in one of PCH’s sweepstakes, they must fill out an Affidavit of Eligibility. It is a legal document which:

  • States the winner is not an employee or principal of the company nor do they work for any of its affiliates, subsidiaries or contest processers nor have family members who do. It also states they are not a member of the board of judges.
  • The winner also gives permission to have their name and likeness used to let the public know the awards PCH offers are legitimate.

Is Publishers Clearing House Legit or a Scam?

After seeing some of the prizes being offered, many people want to know is Publishers Clearing House for real? Their concerns are not only because of the amount of money given away, but because of lawsuits the company settled for “deceptive marketing.”

After doing some research about their sweepstakes, games and the company, our conclusion is PCH is legitimate and not a scam. They do need to comply with the lawsuit settlement, so they no longer use terms like “guaranteed winner,” but they inform entrants “you have not won yet” and “buying won’t help you win.”

Prize Patrol

Although there is a “Prize Patrol,” PCH sends them out at their discretion, so they do not appear at every winner’s doorstep.

Tips to Avoid “PCH Scams”

To avoid any scam, always read the materials you receive or the website carefully. Some companies will disguise promotions by making them look like winner notifications from PCH even though they are not affiliated with the company.

If you are asked to pay for your winnings, then it is a scam. PCH doesn’t ask for credit card numbers, banking account information or for you to pay taxes before getting any winnings from them. PCH informs winners by posting their names on their website, sending them a notification by mail or, occasionally with an appearance from the Prize Patrol. They do not send emails or checks through the mail.

What to Do If You’ve Been Scammed

If you have been scammed by another company disguising themselves as Publishers Clearing House, you need to contact the company. Publishers Clearing House scams are conducted by other companies, but PCH wants to be informed about them.

Contact PCH – you can contact the company through:

    • Live Chat with customer service representatives on PCH.com.
    • Customer Service answers questions on their web page.
    • Phone – Call them regarding scams at 1-800-392-4190.
    • Mail a letter to their headquarters at:
      • Publishers Clearing House

101 Winners Circle

Port Washington, NY 11050

Unsubscribe from Emails

If you want to stop getting promotional emails from PCH, go to the bottom of an email and click “unsubscribe.” You can also go to their website and select the “Ask Us” form, then “Account Updates.” From there you can unsubscribe from emails and stop receiving notifications via mail by clicking “Remove from Mail/Email.”

How to Enter to Win

If you would like to enter sweepstakes or other giveaways, simply go to their website and fill out the online entry forms. Registration is not required, but registering allows you to start winning tokens and gives you access to other games.

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