General Information
PFH Markets (UK) Limited is allegedly a UK registered brokerage firm, offering its clients a bulk of trading instruments including currency pair, metals, stocks and indices and more, with leverage up to 1:500, three trading accounts to choose from. With three account types—Classic, PRO, and VIP—PFH Markets aims to cater to traders with different experience levels and financial capacities. The minimum deposits range from $100 for the Classic account to $50,000 for the VIP account, with corresponding spreads and leverage options.
Despite the range of offerings, notably, PFH Markets lacks regulatory oversight, raising concerns about the platform's legitimacy and transparency. This absence of regulation can expose traders to potential risks, as unregulated brokers may operate without adherence to industry standards and oversight. Traders are advised to exercise caution and conduct thorough research before considering PFH Markets as their trading platform, weighing the potential advantages against the inherent risks associated with an unregulated entity.
Is PFH Markets Legit？
PFH Markets is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. Traders should exercise caution and be aware of the associated risks when considering trading with an unregulated broker like PFH Markets, as there may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices. It is advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.
Pros and Cons
Despite offering a variety of trading instruments and account types, PFH Markets comes with significant drawbacks. One of the notable disadvantages is the lack of regulatory oversight. As an unregulated broker, PFH Markets operates without the scrutiny and protection provided by financial regulatory authorities, potentially exposing traders to risks associated with fraudulent practices or financial irregularities. Additionally, the absence of a clear regulatory framework raises concerns about the safety and security of clients' funds.
On the positive side, PFH Markets provides a range of account types, including Classic, PRO, and VIP, allowing traders to choose based on their experience and capital. The platform supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, offering users familiar tools for analysis and execution. However, the lack of regulation remains a critical factor for consideration, emphasizing the need for caution and thorough due diligence before engaging with PFH Markets.
Market Instruments
PFH Markets offers its clients access to a bulk of trading instruments. Different types of tading assets including Foreign Exchange, Stocks Indices, Oil, Metals and Cryptos are all available through this brokerage platform.
Account Types
Three trading accounts are available with different levels of traders, namely Classic, Pro, and VIP. The minimum initial deposit to open a Pro account and Classic account is both acceptable $100, which is friendly to newcomers. To open a VIP account, you are required to fund at least $50,000, a large sum of capital.
Classic Account:
The Classic account is tailored for traders looking for a straightforward and accessible trading experience. With a minimum deposit requirement of $100, traders can access a spread starting from 1.6 pips. The leverage options vary across different asset classes, ranging from 1:20 for stocks to 1:500 for forex. This account type operates on the popular MetaTrader 4 (MT4) platform, allowing traders to execute trades with market precision. Classic account holders enjoy the flexibility of using expert advisors (EAs) and are free to engage in scalping strategies. With no trading restrictions, this account is suitable for both beginners and experienced traders.
PRO Account:
The PRO account is designed for traders with a more substantial capital base, requiring a minimum deposit of $5,000. Offering spreads starting from 0.6 pips, the PRO account maintains the same leverage options as the Classic account. Traders benefit from the absence of FX and Index CFD commissions, and single stock and crypto commissions are set at 0.5%. Like the Classic account, the PRO account operates on the MT4 platform, supporting market execution. Traders can engage in EA trading and scalping with no restrictions, making this account suitable for those seeking tighter spreads and advanced trading features.
VIP Account:
The VIP account is the premium offering from PFH Markets, requiring a minimum deposit of $50,000. This account type provides traders with the lowest spreads, starting from 0.4 pips. The leverage options remain consistent with the other account types. Like the PRO account, VIP account holders enjoy commission-free trading for FX and Index CFDs, with a 0.5% commission for single stocks and cryptocurrencies. Trading restrictions are non-existent, and traders can utilize EAs and scalping strategies. The VIP account operates on the MT4 platform, delivering market execution and access to the extensive range of 2000+ instruments, covering forex, metals, indices, energy, stocks, and cryptocurrencies.
How to Open an Account？
To open an account with PFH Markets, follow these steps.
Visit the PFH Markets website. Look for the “Sign up” button on the homepage and click on it.
2. Sign up on websites registration page.
3. Receive your personal account login from an automated email
4. Log in
5. Proceed to deposit funds to your account
6. Download the platform and start trading
Leverage
The maximum trading leverage offered by Noble Trade is up to 1:500, which is a generous offering. High leverage is more suitable for professional traders and scalpers, as it can increase trading flexibility. However, for inexperienced traders, it is not suggested that select too high leverage, as leverage can magnify gains as well as losses.
Here is a comparison table of maximum leverage offered by different brokers:
Spreads & Commissions
Noble Trade offers a zero-commission trading environment, and spreads vary depending on different accounts. Classic accounts offer average spreads, starting form 1.6 pips, and the Pro and VIP accounts holders can enjoy relatively competitive spreads, from 0.6 pips and 0.4 pips, respectively.
Classic Account Spreads and Commissions:
The Classic account, requiring a minimum deposit of $100, offers spreads commencing at 1.6 pips for forex pairs. Notably, no commissions are applied to forex, index CFDs, or crypto trades. However, a 0.5% commission is imposed on single stock trades. This account type presents a straightforward fee arrangement, allowing traders to assess costs with ease.
PRO Account Spreads and Commissions:
Geared towards more seasoned traders with a minimum deposit of $5,000, the PRO account provides narrower spreads starting at 0.6 pips for forex pairs. Similar to the Classic account, there are no commissions for forex, index CFDs, or crypto trades. Single stock trades are subject to a 0.5% commission. The PRO account's reduced spreads contribute to diminished trading expenses, attracting traders seeking cost-effectiveness.
VIP Account Spreads and Commissions:
Designed for high-capital traders with a minimum deposit of $50,000, the VIP account boasts the tightest spreads starting from 0.4 pips for forex pairs. Comparable to other account types, there are no commissions for forex, index CFDs, or crypto trades. Single stock trades continue to incur a 0.5% commission. The VIP account's minimal spreads enhance cost efficiency, appealing to high-volume and institutional traders.
Trading Platform
PFH Markets provides a streamlined and efficient trading experience through its utilization of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
MT4 Trading Platform:
MetaTrader 4, a widely acclaimed platform in the financial industry, serves as the foundation of PFH Markets' trading interface. Known for its user-friendly design and comprehensive features, MT4 empowers traders with advanced charting tools, technical analysis capabilities, and automated trading through Expert Advisors (EAs). The platform's stability and reliability make it a preferred choice for traders of all levels, offering a seamless environment for executing trades across various financial instruments, including Forex, metals, indices, energy, stocks, and cryptocurrencies.
MT5 Trading Platform:
Building on the success of MT4, PFH Markets also supports the MetaTrader 5 (MT5) platform. MT5 expands on the features of its predecessor, introducing additional timeframes, more order types, and enhanced charting tools. This platform is particularly appealing to traders seeking a broader range of financial instruments and trading opportunities. With access to an extensive selection of assets, including Forex, metals, indices, energy, stocks, and cryptocurrencies, MT5 caters to diverse trading strategies and preferences.
By offering both MT4 and MT5, PFH Markets ensures that its traders have the flexibility to choose the platform that aligns with their individual needs and trading styles. Whether traders are accustomed to the familiarity of MT4 or prefer the expanded capabilities of MT5, PFH Markets provides a reliable and feature-rich trading environment to support their financial endeavors.
Deposit & Withdrawal
PFH Markets allows its clients to make a deposit and withdrawal through Credit Cards, multiple electronic payment, Bank Wire Transfer, Local Bank Transfer and othe r payment options. You can deposit money in any currency and it will be automatically converted into the base currency of your account. PFH Markets says it charges no fees for deposit and withdrawal. Funds processing time depends on the country the money sent to. Standard bank wire within the EU takes 3 working days. Bank Wires to some countries may take up to 5 working days.
Customer Support
London Office:
The London office, situated at 2nd Floor College House, 17 King Edwards Road, Ruislip, London, United Kingdom, HA4 7AE, serves as a pivotal hub for PFH Markets' operations. Clients and those with general inquiries can reach out to the office via phone at +44 115 888 3435. For a comprehensive overview or assistance, the dedicated email address info@pfhmarkets.com is available for general inquiries.
UAE Office:
PFH Markets extends its support further with a presence in the UAE, located at 4211, 4212, 4213 & 4214, Churchill Tower, Business Bay, Dubai. Clients in the region can contact the UAE office directly at +971 4 580 4844. Similar to the London office, the email address info@pfhmarkets.com remains accessible for general inquiries, ensuring a seamless flow of communication.
Conclusion
In conclusion, PFH Markets presents itself as a trading platform with a diverse range of account types and trading instruments, accommodating different trader preferences. The availability of the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms enhances accessibility for users. However, the absence of regulatory oversight poses a substantial risk, potentially compromising the safety of traders' funds. The lack of regulation is a significant disadvantage, urging potential users to exercise extreme caution and thoroughly assess the associated risks before engaging with PFH Markets.
FAQs
Q: Is PFH Markets a regulated broker？
A: No, PFH Markets is not regulated, and it operates without oversight from recognized financial regulatory authorities.
Q: What account types does PFH Markets offer？
A: PFH Markets offers three account types: Classic, PRO, and VIP, each with varying minimum deposit requirements and features.
Q: Which trading platforms are supported by PFH Markets？
A: PFH Markets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
Q: What is the minimum deposit for a Classic account？
A: The minimum deposit for a Classic account with PFH Markets is $100.
Q: Are there any commissions for trading with PFH Markets？
A: PFH Markets does not charge commissions for forex, index CFDs, or crypto trades in its Classic and PRO accounts. However, there is a 0.5% commission for single stock trades.
