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Is there anything I should be aware of when trading on the PBFX platform?
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IntroductionPBFX is an online trading service provider specialising in financial derivatives. It is mainly engag ...
PBFX is Ranking of regular domestic foreign exchange companiesan online trading service provider specialising in financial derivatives. It is mainly engaged in the business of trading stock indices, funds, insurance, commodities, CFDs and foreign exchange on margin. At the end of 2017, PBFX had operations including offices and agents across 6 major countries including New Zealand, China, Malaysia, Thailand, Indonesia, Vietnam and Singapore. As the business continues to grow, PBFX will continue to establish representative offices in other regions to provide quality and safe investment opportunities to more clients.
Regarding PBFX, according to the search results, there are a few points to note:
Severe Slippage:Some users have reported serious slippage issues on the PBFX platform, resulting in trades not meeting expectations and losses accumulating.
Malicious account blocking: Some users have reported that the PBFX platform will maliciously block accounts and prevent users from withdrawing funds. For example, a user made a deposit of $3,000 in March and found that the slippage was serious. After submitting a withdrawal request, the funds never arrived and the account manager pulled the user out of the account.
Withdrawal Problems: Several users have reported that their withdrawal requests have been delayed, and the funds have not been deposited for a long time. For example, some users waited for several months after submitting the withdrawal application, but still did not receive the funds.
Platform regulation:According to some information, PBFX's securities licence with VFSC in Vanuatu and financial regulation with FSP in New Zealand have been revoked, which is also a big risk.
Legal Risks:In mainland China, participating in foreign exchange margin trading through online platforms is illegal, and investors need to bear the related risks on their own.
To sum up, there are more negative comments and user complaints about the PBFX platform. Investors are advised to be cautious when choosing a forex trading platform, and try to choose a platform that is strictly regulated and has a good reputation in order to protect their investment safety.
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!Tags:
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