The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Risk Management Index
Most visited countries/areas
The data are from WIKI Research 2021.09.26 updated
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Basic Information & Regulation
PTFX is a Forex and CFD broker based in Indonesia and is not currently subject to any active regulation.
Safety Analysis of PTFX
It has been verified that PTFX is an illegal trader and a money trader with hundreds of customer complaints in only three months. Investors should always stay away from this PTFX forex broker.
Market Instruments of PTFX
PTFX offers investors a range of popular financial instruments through its MT4 trading platform, including Forex currency pairs, indices, spot metals, energy, commodities, and more.
Accounts & Leverage of PTFX
PTFX offers only one standard account with a minimum deposit of $1,000, which is much higher than the minimum deposit set by most brokers and maximum leverage of up to 1:200.
Spreads & Commissions
After testing the demo account, we found that the spreads for EURUSD are between 1.1 and 1.3 pips, which is more in line with the sector standard.
Trading Platforms Available of PTFX
PTFX provides investors with the market-leading and highly acclaimed MT4 trading platform. The trading platform is lightweight, nimble, intuitive, and easy to use and comes with 50 built-in market indicators, as well as automated trading options for traders of all levels.
Deposit and Withdrawal of PTFX
The PTFX website does not provide the deposit and withdrawal methods it accepts. Most brokers accept traders to deposit and withdraw funds from their investment accounts via credit/debit cards, wire transfers, and some popular electronic payment methods such as Neteller and Skrill.
Pros & Cons of PTFX
The main advantages of PTFX are:
1. Wide range of tradable instruments
2. Competitive spreads
3. MT4 trading platform
The main disadvantages of PTFX are:
1. No regulation
2. High minimum initial deposit amount
3. Not providing information on the way to deposit and withdraw funds
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.