Note: PDMs official site - http://www.pdmfx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is PDM？
PDM, a trading platform that offers the widely used MT4, is facing regulatory concerns and accessibility issues. The regulatory status of PDM with VFSC is abnormal, with the official regulatory status being revoked. Additionally, the claimed NFA is suspected to be a clone, raising doubts about the platform's regulatory compliance.
As a consequence, PDM currently operates without valid regulation, resulting in a lack of government or financial authority oversight over its operations.
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
PDM Alternative Brokers
There are many alternative brokers to PDM depending on the specific needs and preferences of the trader. Some popular options include:
FXTM - A well-regarded broker with a range of financial instruments and flexible account types, including Islamic accounts.
Axi – A well-regulated and respected trading broker with a range of advanced trading tools, making it an excellent choice for professional traders seeking advanced trading capabilities.
Forex Club - A well-established forex broker offering a wide range of trading instruments, educational resources, and a user-friendly platform for traders of all experience levels.
Is PDM Safe or Scam？
Vanuatu VFSC (license number: 14766) The regulatory status is abnormal and the official regulatory status is Revoked.
The United States NFA regulation (license number: 0498157) claimed by this broker is suspected to be clone.
Therefore, PDM currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of PDM is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.
If you are considering investing with PDM, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.
Trading Platform
PDM provides its clients with the popular MetaTrader 4 (MT4) trading platform.
MT4 allows for the execution of various order types, including market orders, limit orders, stop orders, and trailing stops. These order types provide flexibility in entering and exiting trades, as well as implementing risk management strategies.
Additionally, MaxGlobalFx's MT4 platform offers a wide range of trading instruments, including forex currency pairs, commodities, indices, and cryptocurrencies. Traders can access these assets within a single platform, making it convenient to diversify their trading portfolio.
User Exposure on WikiFX
On our website, you can see reports of unable to scams. 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 you.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: 4008321101
QQ: 2733241301
Email: info@pdmfx.com
Conclusion
In conclusion, PDM is a trading platform that currently lacks valid regulation and oversight from a government or financial authority. The regulatory status with VanuatuVFSC has been revoked, and there are suspicions regarding the authenticity of the claimed United States NFA regulation. This absence of regulatory oversight raises significant concerns about the platform's credibility and transparency.
Furthermore, the inaccessibility of PDM's official website adds to the uncertainties surrounding the platform. It suggests possible operational issues or even an abscondment, leaving investors with limited access to their investments.
Frequently Asked Questions (FAQs)
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-04-03 18:06
