Score

2.17 /10
Danger

PPLS

Cambodia

5-10 years

Suspicious Regulatory License

White label MT5

Global Business

Suspicious Overrun

High potential risk

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Score

Regulatory Index0.00

Business Index7.04

Risk Management Index0.00

Software Index8.38

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

PP Link Securities

Company Abbreviation

PPLS

Platform registered country and region

Cambodia

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

PPLS · Company summary

Note: PPLS' official website - https://www.pplinksecurities.com is currently inaccessible normally.

PPLSReview Summary
Founded2000
Registered Country/RegionCambodia
RegulationSERC (Suspicious Clone)
Trading ProductCambodian stocks, equity CFDs
Demo Account/
Leverage/
Trading PlatformMT5
Min Deposit/
Customer SupportTel: +855963079979
Email: info@pplinksecurities.com

Founded in 2000, PPLS is a broker registered in Cambodia, offering trading in Cambodian stocks and equity CFDs on the MT5 platform.

PPLS

Pros and Cons

ProsCons
MT5 supportedInaccessible website
Suspicious clone SERC license
Limited tradable asset classes
High brokerage fees
Limited payment options

Is PPLS Legit?

The legitimacy of Dorman Trading's claim to have a license from the Cambodia Securities and Exchange Commission (SERC) has not been revealed, since there are questions about whether its license might be dishonest.

Regulated CountryRegulated AuthorityCurrent Status Regulated EntityLicense TypeLicense Number
Cambodia
Securities and Exchange Regulator of Cambodia (SERC)Suspicious ClonePP Link Securities Co.,ltdCommon Financial Service LicenseUnreleased
Suspicious Clone SERC license

What Can I Trade on PPLS?

Trading AssetAvailable
Cambodian stocks
Equity CFDs
Forex
Commodities
Indices
Cryptocurrencies

Fees

For trading Cambodian stocks and equity CFDs, PPLS charges a range of fees, with different structures for each kind of instrument.

Cambodian Stocks

The trading hours are Monday to Friday, from 9:00 to 16:00 GMT, excluding Cambodian public holidays. Traders are subject to a trading fee of 0.67% of the transaction value, with a minimum commission of 4,000 Cambodian Dollars (equivalent to approximately US$1).

Equity CFDs

When trading equity CFD contracts, traders are charged a commission based on the contract value, set at 0.17% of the contract value. However, there is also a minimum commission threshold of $5, which ensures that fees do not disproportionately burden smaller transactions. Transactions below this threshold are charged at the minimum commission level.

Additionally, overnight holding costs apply to equity CFDs, with long positions incurring a cost of -2.5% per annum and short positions incurring a cost of -0.5% per annum. Notably, overnight costs for Friday are calculated at triple the usual rate to account for weekend holding periods.

Trading ProductTrading Fee Min CommissionOvernight Holding CostTrading Hours
Cambodian Stocks0.67% of transaction value4,000 Cambodian Dollars (approx. US$1)/Monday to Friday, 9:00 to 16:00 GMT, excluding Cambodian public holidays
Equity CFDs0.17% of contract value$5Long positions: -2.5% per annumMonday to Friday, 24 hours, excluding Cambodian public holidays
Short positions: -0.5% per annum
Triple rate for holding positions over weekends

Trading Platform

Clients of PPLS have access to the MetaTrader 5 (MT5) platform, a well-known and stable trading platform in the market.

Trading PlatformSupported Available Devices Suitable for
MT5Desktop, Mobile, WebExperienced traders
MT4Desktop, Mobile, WebBeginners

Deposit and Withdrawal

Clients have two options for depositing funds into their PPLS accounts.

The first method enables customers to make deposits directly from their bank accounts, with customer service assistance throughout the process.

The second method involves transferring funds from the investors account to PPLS through specified channels within the mall. To withdraw funds from their PPLS accounts, clients can send a withdrawal request via email.

User Reviews

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User comment

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Comments

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马汇总部
more than one year
The regulatory license is invalid, the registered address does not exist, the official website cannot be opened, and customer service cannot be contacted. Nothing is good. DON’T WASTE TIME ON THEM! STAY AWAY!
The regulatory license is invalid, the registered address does not exist, the official website cannot be opened, and customer service cannot be contacted. Nothing is good. DON’T WASTE TIME ON THEM! STAY AWAY!
Translate to English
2022-11-30 17:28
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马汇总部
more than one year
The regulatory license is invalid, the registered address does not exist, the official website cannot be opened, and customer service cannot be contacted. Nothing is good. DON’T WASTE TIME ON THEM! STAY AWAY!
The regulatory license is invalid, the registered address does not exist, the official website cannot be opened, and customer service cannot be contacted. Nothing is good. DON’T WASTE TIME ON THEM! STAY AWAY!
Translate to English
2022-11-30 17:27
Reply
1
0