Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.
Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.
What is PGM？
PGM (Paragon Global Markets) is a United States-based company with a business focus on forex and futures trading. It currently holds no regulations.
Pros & Cons
Cons:
No Regulations: PGM operates without formal regulatory oversight, which increases risk and presents a lack of protection.
Lack of Info on Key Trading Conditions: There is limited publicly available information regarding PGM's trading conditions, spreads, commissions, and leverage, presenting a relatively poor level of transparency.
Relatively Narrow Business Area: PGM focuses mainly on futures and forex, offering fewer options for traders interested in a broader range of financial instruments or markets.
Is PGM Legit or a Scam？
Regulatory Sight: PGM is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
PGM specializes in providing trading services for two main market instruments: futures and forex. For futures trading, clients can execute trades using leading electronic execution platforms, utilize algorithmic trading strategies, benefit from expertise in the London Metal Exchange, manage block orders and care orders, and implement option strategy management across major global futures exchanges. Additionally, PGM facilitates Managed Futures, which encompasses various alternative investment strategies. In this approach, portfolio managers, also known as Commodity Trading Advisors (CTAs), utilize futures contracts as part of their investment strategy.
Trading Platforms
PGM supports 4 trading platforms. These are:
CQG: CQG is a widely used trading platform known for its advanced charting and analytics tools. It provides real-time market data, customizable charts, and order management capabilities.
CTS T4: The CTS T4 platform is designed for professional traders seeking fast and reliable order execution. It offers customizable layouts, advanced charting features, and direct market access.
X_TRADER by TT: X_TRADER is a professional-grade trading platform offered by Trading Technologies (TT). It is renowned for its high-speed order execution, comprehensive market depth, and advanced trading functionalities such as spread trading and algorithmic trading strategies.
QST: QST is a robust trading platform tailored for futures and options trading. It provides traders with access to real-time market data, advanced charting tools, and risk management features.
Customer Support
PGM offers a range of customer support options to assist its clients. Customers can reach out through a contact form available on their website, directly via email at info@paragonglobalmarkets.com, or by phone at (212) 590-1900. Besides, the company is headquartered at 14 Wall Street, Suite 1625, in New York, where it likely manages its client relations and support operations.
Conclusion
As a broker, PGM lacks information on key trading conditions which presents relatively poor transparency. Its business area is not quite wide-ranging. It currently has no regulations either. In this case, we do not recommend users trade with this broker.
Frequently Asked Questions (FAQs)
Question: Does PGM support MT4/5？
Answer: No, it supports neither.
Question: Is PGM regulated or not？
Answer: No, it is not regulated currently.
Question: What trading features does PGM provide？
Answer: PGM provides trading features including direct trading execution contact, block order allocation, and a variety of order types such as OCOs and timed orders.
Question: Is my money safe with PGM？
Answer: No, not quite. PGM is not a regulated broker and it does not apply extra security protocols either.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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