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PFX Markets

United Kingdom|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://pfxmarkets.com

Website

Rating Index

Contact

+44 2086387868
support@pfxmarkets.com
https://pfxmarkets.com
https://www.facebook.com/pfxmarketsuk/

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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Contact number

English

+44 2086387868

Broker Information

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Company Name

PFX Markets

Company Abbreviation

PFX Markets

Platform registered country and region

United Kingdom

Company website
Facebook

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-19
  • 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

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PFX Markets · Company Summary

General Information & Regulation

PFX Markets presents itself as a UK-based forex broker and offers its clients a choice of 3 account types, as well as access to the MetaTrader4 platform. PFX Markets‘ website does not feature any corporate information, other than a contact number and an address in the UK. So, it is unclear which is the company operating the brand, which is very disturbing, because anonymity is quite common when it comes to scamming. PFX Markets’ website does not mention anything about regulation. Obviously, PFX Markets is an unregulated broker.

Markets Instruments

PFX Markets offer over 30 currency pairs, and a selection of CFDs on commodities, precious metals, indices and crypto coins

Minimum Deposit

The minimum deposit requirement to start trading with PFX Markets is 100 USD. Although this is acceptable, given the fact that PFX Markets is an unregulated broker, traders are not advised to register real trading accounts here.

Leverage

In terms of trading leverage, clients of the broker are offered high leverage levels, up to 1:400 on Premium accounts, and reaching 1:1000 on demo ones.

Spreads & Commissions

As tested with a demo account the benchmark EURUSD spread floated about 1,3 pips and that looks good, in case the demo account mirrors their standard account, which we were not able to verify.

Trading Platform Available

To our surprise, PFX Markets offers MT4 trading platform. As usual, the presence of the MetaTrader4 (MT4) platform, is viewed as an important advantage in a forex brokers offering. This piece of software is still the most popular forex trading platform, although its successor lately gains popularity among brokers and investors. The MT4 is highly praised for its top-notch charting, numerous customizable indicators and Expert Advisors available, the MQL marketplace, and more.

Deposit& Withdrawal

The minimum deposit requirement is 100 USD. And you may pay in various ways – the broker accepts major cards like VISA and MasterCard, bank wire and Neteller – a popular e-wallet. PFX Markets however does not work with Skrill, and that is notable, because of the new anti scam policy of the payment company – since last October, Skrill requires all brokers, targeting customers on the European market ,to prove they hold a legit license. As we already noted PFX Markets is not a licensed broker.

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莉莎10209
more than one year
I almost deposited with PFX Markets, but ultimately decided against it due to their high deposit threshold. Instead, I went with another broker that had lower requirements. However, I do recognize that trading with a higher deposit broker does come with more risks. While I can't speak to the actual trading experience on PFX Markets, I do wish their deposit requirements were more accessible to traders of all levels.
2023-03-29 10:42
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0
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FX1098474438
more than one year
There seems to be some issues with the PFX Markets company website. I can see some of the content, but not all of it. Anyway, I see that this company does not have any regulatory license... which should mean that it is not safe. I decided not to trade with him.
2022-12-05 16:28
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