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The WikiFX Score of this broker is reduced because of too many complaints!
PTFX
China|Scam Brokers| 5-10 years|Suspicious Regulatory License|MT4 Full License|Regional Brokers|High potential risk|
http://www.pruton-futures.com/id/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
2
Server Name
Pruton-Demo MT4
Server Location 
Indonesia
IndonesiaContact
http://www.pruton-futures.com/id/
The WikiFX Score of this broker is reduced because of too many complaints!
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
Open Now
Broker Information
More
Company Name
Pruton Capital
Company Abbreviation
PTFX
Platform registered country and region
China
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
This platform is a Ponzi Scheme. Please stay away!
4
Previous Detection :
2024-04-18
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
WikiFX Verification
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Exposure
283 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
It has been two years and I can't withdraw the funds
Unable to withdraw
2021-01-09 14:35
Others
Fraud
Cheat all of my hard-earned money!
2020-12-19 21:28
Others
scammer illegal broker
this broker is scammer, beware... they only took our money and ran away..
2021-08-27 11:22
Resolved
Web...
The web can not be opened. Return my money. I can't wait. [d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d]
2021-04-10 05:38
Unable to Withdraw
Unable to withdraw
Beware of this broker
2021-07-04 20:10
Unable to Withdraw
PTFX fraud platform
PTFX forex platform is a scamming platform that cannot withdraw
2022-01-15 09:22
Others
Have a lokk at him
This person is a big liar and doesn’t give money after the business is done
2021-06-04 15:47
Unable to Withdraw
Fraud company
Unable to withdraw. There are so many people who lost all their money. The withdrawal has been delayed again and again.
2020-11-16 09:08
Scam
Expose the fraud
Induce you to invest
2020-11-08 23:52
Unable to Withdraw
It's been a few years, when will my three thousand dollars come back?
It's been a few years, when will my three thousand dollars come back?
2022-09-11 11:09
Unable to Withdraw
I can't withdra funds
Please help me report this broker. I can't get my money deposited along with my profits
2021-06-30 11:05
Scam
A Ponzi Scheme
Car about u and pretend he is rich to win your trust. And then ask u to deposit. But in the end, you'll lose all your money or you may lose your life. This is my true experience.
2020-12-14 18:04
Unable to Withdraw
Unable to withdraw
It has been several months.
2021-03-19 17:09
Unable to Withdraw
PTFX, return my hard-earned money
It has been a long time and there is no news. Can't I get my money back?
2020-11-09 10:57
Unable to Withdraw
Unable to withdraw
The fraud broker absconded and my account has been frozen. The official web can't be opened.
2021-06-20 19:38
Scam
A Ponzi Scheme
I showed the information of the fraud in order that you can avoid being cheated by him.The process of the scam is so dramatic, he used many different identities to induce others to invest and made other people reach the point of no return. The so-called teacher in the stock group focuses on customers who made a loss and recommend shares, futures or other investments to you. That’s a scam. The teacher has many different QQ in the name of analysis teacher, investment consultant of future, businessman or top operator. Let you profit, then let you lose money again and again.Torment you by inch. And you will lose all the money in the end without noticing the scam.Please polish your eyes, don’ be cheated like me, my whole family has been ruined. I wish the fraud’s conscience smote him（It’s impossible）. I don't know how many people have been cheated like me. Maybe they don't know there is such a scam. Don’t cheat others anymore. Your benefit is based on others’ agony, even lives. You will pay for it!!!
2020-12-13 09:50
PTFX · Company Summary
Note: PTFXs official site - http://ww92.ptfxcapital.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
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
| PTFX Review Summary in 10 Points | |
| Founded | N/A |
| Registered Country/Region | China |
| Regulation | No license |
| Market Instruments | Forex currency pairs, indices, spot metals, energy, commodities |
| Demo Account | Available |
| Leverage | 1:200 |
| EUR/USD Spread | 1.1 - 1.3 pips |
| Trading Platforms | MT4 |
| Minimum deposit | $1,000 |
| Customer Support | N/A |
What is PTFX？
PTFX is an illegal Forex and CFD broker registered in China and is not currently subject to any active regulation.
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
| Pros | Cons |
| • Wide range of tradable instruments | • No regulation |
| • Demo accounts available | • Reports of scams and issues with withdrawals |
| • MT4 trading platform | • Unavailable website |
| • High minimum initial deposit amount | |
| • No contact ways |
PTFX Alternative Brokers
OctaFX - a well-established and reputable broker, offering competitive trading conditions and a wide range of trading instruments.
FXOpen - a trusted broker known for its transparent and reliable services, providing traders with access to various markets and advanced trading tools.
Hantec Markets - a reputable broker with a strong focus on customer satisfaction, offering competitive trading conditions, diverse trading platforms, and excellent customer support.
There are many alternative brokers to PTFX depending on the specific needs and preferences of the trader. Some popular options include:
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is PTFX Safe or Scam？
Based on the information available, PTFX has been verified to be illegal, with expired licenses and listed in WikiFX's Scam Brokers list. It is important to note that engaging with an illegal or scam broker poses significant risks to traders. The statement that the platform is a Ponzi Scheme further raises concerns about its integrity and credibility.
Considering these factors, it is advisable to avoid trading with PTFX and seek reputable and regulated brokers to ensure the safety of your investments. Conduct thorough research, consult reliable sources, and exercise caution when selecting a broker to protect yourself from potential scams and fraudulent activities.
Market Instruments
PTFX offers a diverse range of market instruments for traders. Their offerings include forex currency pairs, allowing clients to trade major, minor, and exotic currency pairs in the foreign exchange market. Additionally, PTFX provides access to various indices, enabling traders to speculate on the performance of stock market indices from around the world.
Traders can also participate in the trading of spot metals like gold and silver, providing opportunities to take positions in the precious metals market. Furthermore, PTFX offers trading in energy commodities, allowing clients to trade oil and natural gas contracts.
Accounts
PTFX offers traders the opportunity to practice and familiarize themselves with their trading platform through demo accounts. This allows traders to simulate real trading conditions and test their strategies without risking real money. In terms of live trading accounts, PTFX offers a single standard account option. The minimum deposit requirement for this account is $1,000, which may be a higher initial investment compared to some other brokers. It is important for traders to consider their financial situation and risk tolerance before committing to such a minimum deposit.
Leverage
PTFX offers leverage of up to 1:200, providing traders with the ability to amplify their trading positions. Leverage allows traders to control larger positions in the market with a smaller amount of capital. With a leverage ratio of 1:200, traders can potentially multiply their profits, but it's important to note that it also increases the risk of potential losses. Higher leverage can amplify both gains and losses, so it is crucial for traders to have a clear understanding of leverage and manage their risk effectively.
Spreads & Commissions
After testing the demo account of PTFX, it was observed that the spreads for the popular EURUSD currency pair ranged between 1.1 and 1.3 pips. These spreads are within the industry standard and can be considered competitive. However, no specific information regarding commissions was available during the testing process. It is important for traders to have clarity on the commission structure to assess the overall trading costs. Traders should note that spreads and commissions can vary depending on market conditions, account type, and trading instruments.
Below is a comparison table about spreads and commissions charged by different brokers:
| Broker | EUR/USD Spread | Commissions |
| PTFX | 1.1-1.3 pips | Not specified |
| OctaFX | 0.4-1.1 pips | No commissions |
| FXOpen | 0.0-1.5 pips | No commissions |
| Hantec Markets | 1.2-2.0 pips | No commissions |
Please note that these figures are approximate and may vary depending on market conditions and account types. It's always recommended to check the latest information on the brokers' websites or contact their customer support for the most up-to-date spreads and commission details.
Trading Platforms
PTFX offers the widely recognized and popular MetaTrader4 (MT4) trading platform to its clients. MT4 is known for its user-friendly interface, advanced charting capabilities, and a wide range of technical analysis tools. Traders can access the platform on various devices, including desktop computers, web browsers, and mobile devices, providing flexibility and convenience for trading on the go.
With MT4, traders can execute trades, monitor market prices in real-time, analyze market trends, and implement automated trading strategies using Expert Advisors (EAs). The platform also supports multiple order types, allowing traders to place market orders, limit orders, stop orders, and more.
Overall, PTFX's provision of the MT4 platform ensures that traders have access to a robust and feature-rich trading environment to execute their trading strategies effectively.
See the trading platform comparison table below:
| Broker | Trading Platforms |
| PTFX | MetaTrader 4 |
| OctaFX | MetaTrader 4, MetaTrader 5 |
| FXOpen | MetaTrader 4, MetaTrader 5, TickTrader |
| Hantec Markets | MetaTrader 4, Currenex |
Deposits & Withdrawals
PTFX website does not provide specific information regarding the deposit and withdrawal methods accepted by the broker. This lack of transparency regarding payment options can be a cause for concern as traders typically prefer to have clear and accessible information about how to fund their trading accounts and withdraw their funds. It is essential for traders to have clarity on the supported payment options, associated fees, processing times, and any specific requirements related to deposits and withdrawals before deciding to engage with any brokers.
PTFX minimum deposit vs other brokers
| PTFX | Most other | |
| Minimum Deposit | $1,000 | $100 |
Customer Service
One significant drawback of PTFX is the absence of available contact methods to get in touch with their customer service. The lack of accessible communication channels, such as live chat, phone support, or even email, raises concerns about the level of support and assistance that clients can expect from the broker. Effective customer service is a crucial aspect of any reputable brokerage, as it ensures that traders can seek guidance, resolve issues, and receive timely responses to their inquiries.
Without clear and direct avenues to contact PTFX's customer service, clients may face difficulties in obtaining assistance or addressing concerns, potentially resulting in frustration and a lack of confidence in the broker's support capabilities. Traders should carefully consider this limitation when evaluating PTFX as their chosen brokerage provider.
User Exposure on WikiFX
On our website, you can see that some reports of unable to withdraw and scam. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for yo
Conclusion
Based on the available information and reports suggesting potential scams and regulatory issues, it is advisable to exercise extreme caution when dealing with PTFX. The lack of regulation, expired licenses, and numerous negative reports raise significant concerns about the reliability and integrity of this broker. Additionally, the unavailable website further adds to the overall risk associated with trading on this platform. It is highly recommended to explore regulated and reputable alternatives in the industry to ensure a safe and secure trading experience.
Frequently Asked Questions (FAQs)
| Q 1: | Is PTFX regulated？ |
| A 1: | No. It has been verified that this broker currently has no valid regulation. |
| Q 2: | Does PTFX offer the industry leading MT4 & MT5？ |
| A 2: | Yes. It supports MT4. |
| Q 3: | What is the minimum deposit for PTFX？ |
| A 3: | The minimum initial deposit to open an account is $1,000. |
| Q 4: | Is PTFX a good broker for beginners？ |
| A 4: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and too high initial deposit. |
User Reviews
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User comment
4
CommentsWrite a review
FX1078135364
more than one year
Damn liar, I was ripped off almost $20,000! Now the company website cannot be opened. I see there are many, many victims on wikifx. When will this company be brought to justice? Can wikifx help us get our funds back?
2022-11-30 14:48
请叫我李先生
more than one year
This broker is illegal, they are a scamming gang without any legal regulatory licenses. Their website has been shut down, and their customer service can't be contacted. Another company that scams money and runs away.
2022-11-28 09:58
hy
more than one year
As much as I try to be tolerant, the injustice here makes it impossible for me to provide a positive review.
I put $500 into this platform, but I couldn't trade since they insisted I put in even more money. I requested a withdrawal and was only given a $300 refund. Withdrawing $200 is met by a deduction of $3, the purpose of which escapes me. The withdrawal process and subsequent deposit into my account took five days.
2022-11-27 09:43
99+
