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The WikiFX Score of this broker is reduced because of too many complaints!


New Zealand|5-10 years|
Investment Advisory License|White label MT4|Global Business|New Zealand Financial Service Corporate Revoked|Suspicious Overrun|High potential risk|


Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

Server Name
PrimeBusiness-Demo MT4
Server Location China


+60 3-27791318
The WikiFX Score of this broker is reduced because of too many complaints!


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

Single Core



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Contact number


+60 3-27791318

Broker Information


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Warning: Low score, please stay away! 7
Previous Detection : 2024-05-30
  • The number of the complaints received by WikiFX have reached 18 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

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    PBFX · Company Summary

    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 contained in this article is for general information purposes only.

    General Information

    PBFX Review Summary in 10 Points
    Founded N/A
    Registered Country/Region New Zealand
    Regulation FSPR/ASIC (General Registration)
    Market Instruments Forex, stock, commodities, oil & gas, cryptocurrencies
    Demo Account Available ($10,000 virtual fund)
    Leverage 1:1000
    EUR/USD Spread 1.7 pips
    Trading Platforms MetaTrader4, MT4 IOS, MT4 Android, MT4 Mac, MT4 Windows
    Minimum deposit $10
    Customer Support 24/5 live chat, phone, email

    What is PBFX?

    PBFX is a provider of online trading services focused on Forex currency pairs, stocks, commodities, oil & gas, and cryptocurrencies through MT4 platform. Pribizco currently registered with the New Zealand Financial Service Providers Register (FSPR) and the Australian Securities & Investment Commission (ASIC).


    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    PBFX has several notable pros and cons. On the positive side, PBFX offers a wide range of market instruments and flexible leverage options up to 1:1000, providing traders with various trading opportunities. Additionally, they have multiple account types to suit different trading needs through the leading MT4 platform.

    However, there are also some drawbacks. There is limited information on spreads and commissions, which may be a concern for some traders. Additionally, the customer service contact options are limited, and the educational resources and tools provided by PBFX are also limited.

    Pros Cons
    • Richness of tradable assets • Only general registration of FSPR & ASIC
    • Demo accounts available • Wide spreads
    • Low minimum deposit • No info on commissions
    • MT4 trading platform • No popular payment methods
    • 24/5 live chat support • Limited educational resources and tools

    Is PBFX Safe or Scam?

    PBFX's registration with the New Zealand Financial Service Providers Register (FSPR, License N0. 551686) and the Australia Securities & Investment Commission (ASIC, License No. 269820) indicates that it holds licenses in those jurisdictions. However, it is important to note that these licenses are considered general registered licenses, which may have different regulatory requirements compared to full regulatory licenses.

    While registration with these authorities demonstrates some level of compliance, it does not provide the same level of investor protection as full regulatory licenses. Traders should exercise caution and conduct further research to assess PBFX's reputation, track record, and the overall safety of their services before engaging with the platform.

    Market Instruments

    Pribizco offers investors a wide variety of financial trading assets, mainly Forex currency pairs, stocks, commodities, oil & gas, and cryptocurrencies. The Forex market offers traders the opportunity to participate in the global currency exchange market, allowing them to trade major, minor, and exotic currency pairs. With stocks, traders can access various company shares and participate in the equity markets. Commodities such as gold, silver, oil, and gas provide avenues for diversification and hedging strategies.

    Market Instruments

    Additionally, PBFX enables traders to engage in the growing market of cryptocurrencies, which includes popular digital currencies like Bitcoin, Ethereum, and others. This diverse selection of market instruments gives traders the flexibility to explore various trading opportunities and diversify their investment portfolios.


    PBFX offers traders a choice of three live account types: Cent, Standard, and ECN. The Cent account requires a minimum deposit of $10, making it accessible to traders with smaller capital. The Standard account also has a minimum deposit of $10 and caters to the needs of traders who prefer traditional trading conditions.


    On the other hand, the ECN account requires a higher minimum deposit of $1,000 and provides traders with direct access to the market through Electronic Communication Network (ECN) technology, offering enhanced liquidity and potentially lower spreads.

    Additionally, PBFX provides free demo accounts with $10,000 in virtual funds, allowing traders to practice their strategies and familiarize themselves with the platform before trading with real money.

    swap-free accounts

    Furthermore, PBFX offers swap-free accounts for traders who adhere to Islamic principles. These account options provide flexibility and cater to the diverse needs and preferences of traders.


    PBFX offers flexible leverage of up to 1:1000 to its traders. This high leverage option allows traders to potentially amplify their trading positions and potential profits. However, it's important to note that trading with high leverage also carries increased risk, as it can amplify potential losses. Traders should exercise caution and carefully manage their risk when utilizing high leverage ratios. PBFX's flexible leverage option provides traders with the ability to choose a leverage level that aligns with their trading strategy and risk tolerance, allowing them to optimize their trading approach.


    Spreads & Commissions

    PBFX offers competitive spreads on its different account types. For Cent and Standard accounts, the spread is fixed at 1.7 pips, providing traders with a transparent and consistent cost for executing trades. On the other hand, ,ECN accounts have a spread of 0 pips which means traders can access raw interbank spreads and potentially benefit from tighter pricing.

    However, PBFX does not provide specific information regarding commissions. Traders are advised to review the broker's terms and conditions or contact customer support to obtain more detailed information about commissions and any additional costs associated with trading on the platform.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread (pips) Commissions
    PBFX 1.7 No information available
    Hirose Financial 1.5 No commission
    LegacyFX 2.1 No commission
    XGLOBAL Markets 1.2 No commission

    Please note that the information provided is based on general data and may vary depending on the specific account type and trading conditions offered by each broker. It's always recommended to refer to the official website or contact the broker directly for the most up-to-date and accurate information.

    Trading Platforms

    PBFX provides a range of trading platforms, primarily focusing on the popular MetaTrader4 (MT4) platform. MT4 is known for its user-friendly interface, advanced charting capabilities, and extensive range of technical indicators and analysis tools. Traders can access the MT4 platform on various devices, including Windows and Mac computers, as well as mobile devices running on iOS and Android operating systems. This allows for seamless trading and monitoring of positions on-the-go.


    The availability of MT4 across multiple platforms ensures that traders have flexibility and convenience in executing their trades. With its robust features and widespread usage in the industry, MT4 offered by PBFX enables traders to make informed trading decisions and execute their strategies effectively.

    See the trading platform comparison table below:

    Broker Trading Platforms
    PBFX MetaTrader 4 (MT4)
    Hirose Financial MetaTrader 4 (MT4), LION FX
    LegacyFX MetaTrader 5 (MT5), WebTrader
    XGLOBAL Markets MetaTrader 4 (MT4), MetaTrader 5 (MT5)

    Deposits & Withdrawals

    PBFX offers a variety of convenient and secure payment options for both deposits and withdrawals. Traders can fund their accounts using popular methods such as Tether, PayTrust, MTPAY, China UnionPay, and SWIFT. The broker has a low minimum deposit requirement of only $10, making it accessible for traders of different budgets.

    PBFX minimum deposit vs other brokers

    PBFX Most other
    Minimum Deposit $10 $100

    Moreover, PBFX does not impose any limitations on withdrawal amounts, allowing clients to withdraw their funds as needed. Both deposits and withdrawals are free of charge, eliminating any additional costs for traders.

    PBFX also provides a benefit to its clients by offering 3 times free deposit and withdrawal per month, providing flexibility and cost savings. The processing time for deposits and withdrawals is relatively fast, typically taking 1-5 working days, ensuring timely access to funds for traders.

    Deposits & Withdrawals


    PBFX provides a bonus program that rewards clients based on their initial deposit amounts. Traders can receive bonus amounts depending on the deposited funds, offering an opportunity to enhance their trading capital. For example, depositing $10 will grant a $10 bonus, while depositing $20 will result in a $20 bonus. The bonus amounts increase with larger deposits, with $30 bonus for $30 deposit, $60 bonus for $50 deposit, and $90 bonus for $200 deposit.

    It's important to note that the maximum deposit amount eligible for a bonus is $500, and the maximum bonus amount that can be received is $150. This bonus program allows traders to potentially boost their trading funds and take advantage of additional opportunities in the market.


    Customer Service

    PBFX offers a range of customer support options to assist traders in their journey. Clients can reach out to the broker through 24/5 live chat, phone, and email channels, ensuring prompt and efficient communication. The availability of multiple contact methods allows traders to choose the most convenient option for their needs.

    Additionally, PBFX maintains an active presence on popular social networks like Facebook, Instagram, and YouTube, where traders can follow their updates and engage with the broker's community.

    The combination of various customer support channels and social media presence demonstrates PBFX's commitment to providing reliable and accessible support to its clients, enhancing the overall trading experience.

    Pros Cons
    • 24/5 live chat support • No 24/7 customer support
    • Multiple social media channels for communication • No dedicated FAQ section on the website
    • No multilingual support

    Note: These pros and cons are subjective and may vary depending on the individual's experience with PBFX's customer service.


    In conclusion, PBFX is a forex broker registered with the New Zealand Financial Service Providers Register (FSPR) and the Australian Securities & Investment Commission (ASIC). They offer a range of market instruments and flexible leverage options, providing trading opportunities for different types of traders.

    However, the limited information available on their website, especially regarding spreads and commissions, raises some concerns. The customer service options are also limited, and the educational resources and tools provided by PBFX are not extensive. It is recommended to conduct further research and consider your specific trading needs before choosing PBFX as your forex broker.

    Frequently Asked Questions (FAQs)

    Q 1: Is PBFX regulated?
    A 1: No. The New Zealand Financial Service Providers Register (FSPR, License N0. 551686) and Australia Securities & Investment Commission (ASIC, License No. 269820) licenses are both general registered.
    Q 2: Does PBFX offer demo accounts?
    A 2: Yes. PBFX provides free demo accounts with $10,000 in virtual funds.
    Q 3: Does PBFX offer the industry leading MT4 & MT5?
    A 3: Yes. It supports MT4.
    Q 4: What is the minimum deposit for PBFX?
    A 4: The minimum initial deposit to open an account is $10.
    Q 5: Is PBFX a good broker for beginners?
    A 5: No. It is not a good choice for beginners. Though it advertises well, dont forget the fact that PBFX just have general registered FSPR and ASIC licenses.

    User Reviews

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    more than one year
    Don't waste your money with pbfx! They are completely a scam company. At first, they used various conditions to entice you to invest and promised high returns. After you transfer the money to their account, they will ignore you!
    2022-11-27 10:56
    more than one year
    The spread of up to 17 pips surprised me, and I can say it is the widest spread I have ever seen. Besides, the leverage of 1:1000 made me feel more worried. High leverage may be very useful for those traders who are fond of taking risks and getting high incomes. But for me, it means higher risks. I advise beginners to stay away from leverage because it might lead to bad consequences.
    2022-11-24 12:14
    more than one year
    This PBFX’s customer support is quite terrible… If you send them an inquiry, you can never expect a response in time. also, their withdrawal process is like, taking years to complete. If time can change, trust me, I would never trade with this one.
    2022-11-23 18:19
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