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Global Broker Regulation & Inquiry App

Score

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/10

PGFX PRIME

China|2-5 years|
High potential risk|

https://en.pgfxgroup.com/index.html

Website

Rating Index

Contact

https://en.pgfxgroup.com/index.html

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

PGFX Technology Co., Limited

Abbreviation

PGFX PRIME

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

PGFX PRIME · WikiFX Survey

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PGFX PRIME · Company Summary

Note:PGFX Prime's official website:https://en.pgfxgroup.com/index.html is currently inaccessible normally.

AspectInformation
Company NamePGFX Prime
Registered Country/AreaChina
Founded Year2012
RegulationUnregulated
Trading PlatformMT4

PGFX Prime Information

Founded in 2012 and with headquarters in China, PGFX Prime functions as an unregulated financial services firm. Although PGFX Prime provides the popular MetaTrader 4 (MT4) trading platform, which is preferred for its extensive charting tools and automated trading capabilities, lack of regulatory control raises questions over the safety and dependability of trading with PGFX Prime.

PGFX Prime Information

Is PGFX Prime Legit or a Scam?

PGFX Prime Information
Financial Service Providers Register(FSPR)
Current StatusRevoked
Regulated byFSPR
License TypeFinancial Service Corporate
License No.390686
Licensed InstitutionPROFIT CINDA GROUP LIMITED

Downsides of PGFX Prime

Unregulated and lacking control from any financial regulating body is PGFX Prime. With little choices for conflict resolution, this exposes traders to hazards including inadequate fund security and abusive trading tactics. Prospect customers should weigh these hazards while assessing PGFX Prime.

Negative PGFX Prime on WikiFX

Exposure is the fundamental WikiFX comment section.

Before trading on unapproved platforms, people should review this part. It exposes material and evaluates hazards. Please discover specifics on our website here.

WikiFx encountered only one exposure. I shall mention it to you.

Exposure. Fraud Alert

Negative PGFX Prime on WikiFX
ClassificationFraud Alert
DateApril 28th,2021
Post CountryMalaysia

Advising others to avoid PGFX PRIME, the client said it is a fraud broker that embezzled their assets and made withdrawals impossible.You should notice:

https://www.wikifx.com/en/comments/detail/202104286242476050.html

Conclusion

Reports of fraud and a broken website point to PGFX Prime, an unregulated broker with offices in China, gravely undermining traders. Lack of openness and legislative control increases the risk of financial loss and difficulties in resolving conflicts. Given these problems, traders would be far better off using supervised brokers with ethical behavior to ensure a better trading environment.

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