What about the PBFX platform? Is it safe?

PBFX is metatrader4 mobile appa company that provides online trading services for financial derivatives, covering stock indices, funds, insurance, commodities, CFDs, and forex margin trading. According to the information provided, there are several important aspects to note about PBFX:

1. Regulatory status:

PBFX is regulated by ASIC (Australian Securities and Investments Commission) and has obtained a regulatory certificate number: 269820.

The latest information indicates that its licences with the VFSC and FSP have been revoked, suggesting that PBFX may currently lack effective regulatory protection.

2. User Feedback and Controversies:

Some users have reported experiencing slippage issues (i.e. unfavourable price movements during trading), resulting in failure to obtain desired trading results, or even malicious account blocking and difficulty in withdrawing funds.

This negative feedback suggests that investors should be wary of the platform's security of funds and transparency of operations.

3. Business Scope and Development:

By the end of 2017, PBFX's business covered 6 major countries, including New Zealand, China, Malaysia, Thailand, Indonesia, Vietnam and Singapore, and plans to continue to expand.

The company emphasises ‘segregation of client funds’, i.e. client funds are stored in custodian bank accounts, separate from the company's own funds, in order to protect the safety of client assets.

4. Risk Warning:

In light of the regulatory issues mentioned above and the negative feedback from users, potential clients should carefully consider whether or not to choose PBFX as a trading platform.

If you decide to use PBFX, it is recommended that you only invest funds that you can afford to lose and pay close attention to the security of your account activity and personal information.

In summary, given the current regulatory status of PBFX and the issues raised in the feedback from its users, it is recommended that you look for a more reliable and reputable trading platform to ensure the safety of your investment. If you need any further assistance or have any questions regarding other areas, please do not hesitate to let us know.

Before trading, please check the broker in the FTI app; if you encounter any problems, you can file a complaint for help.

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