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Watch out for PBFX! Customer complaints at a glance!

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IntroductionIn the FTI app you can refer to the top 100 Forex brokers for your trading needs. If a broker is not ...

In the FTI app you can What foreign exchange platforms are there in Chinarefer to the top 100 Forex brokers for your trading needs. If a broker is not in the top 100, please pay close attention to their regulatory licences, white label relationships and risk warnings.

As a professional, experienced and objective financial media in the field of forex, we have the responsibility to remind investors to be alert to those forex brokers that may be risky. Today, we are going to analyse the broker PBFX in detail to see if it is actually risky.

Watch out for PBFX! Customer complaints at a glance!

Firstly, in terms of the time of creation, PBFX was founded in 2018, which is relatively short. In the forex market, a shorter history may mean that the broker has not accumulated enough experience and credibility in the industry, which undoubtedly poses some risks to investors.

Secondly, in terms of global ranking, PBFX is currently ranked 3363 globally, which is not a very high ranking and may reflect its relatively small popularity and influence in the market. 

Looking at the MT4/MT5 servers again, PBFX has 2 MT4 servers, located in the UK and China. It is worth noting that the location of the servers does not represent the strength of the platform, investors need to combine other factors to make a comprehensive judgement. 

Next, let's take a look at the Master White Label relationships; PBFX is currently affiliated with 5 associated brokers, all of which have a variety of issues. For example, Biyun Group and KTEN have ceased operations, Capital Water has been the subject of frequent complaints from users due to delays in withdrawals, TradeStar is operating abnormally, and Vina Invest is a new platform that has just been registered. The existence of these problems undoubtedly also makes investors question PBFX.

Looking at the regulatory licences, PBFX used to have 3 financial regulatory licences, but the securities licence of VFSC in Vanuatu and the financial services licence of FSP in New Zealand have been revoked, leaving only the financial services licence applied for by ASIC in Australia. The specific information is as follows:

Name: PB CAPITAL AUSTRALIA PTY LTD

Licence Number: 269820

Status: Current

Number: 98 082 900 007

Start Date: 21 May 2004

Although the licence is still valid, the revoked regulatory licence still raises questions about compliance.

Finally, let's take a look at the customer complaint issues. PBFX currently has a total of 5 customer complaint issues, where traders are complaining about the platform maliciously blocking their accounts, not giving out their deposits, and delaying the principal for more than 1 month without giving out their deposits. These problems undoubtedly make investors' trust in the platform greatly reduced. 

Comprehensive information on all aspects of the above, we believe that PBFX has a certain risk, investors should be careful when choosing. Before forextrustindex, we suggest that investors conduct a comprehensive understanding and investigation of forex brokers, which can be assessed from the time of creation, regulatory licences, customer complaints and many other aspects to ensure the safety of their investment. At the same time, we also recommend that when choosing a forex broker, investors try to choose those platforms with a longer history, good reputation and regulatory compliance in order to reduce investment risks.

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

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

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