PMT247

Basic Information & Regulation

PMT247 is a St. Vincent and the Grenadines registered Forex and CFD broker and is not currently regulated in any way.

Safety Analysis of PMT247

PMT247 is currently an unregulated broker, which means that the safety of clients' funds and trading activities on PMT247's platform are not effectively protected compared to those of stringently regulated brokers such as the FCA in the UK, Cyprus CySEC, and others. Therefore, investors should stay away from this PMT247 forex broker.

Market Instruments of PMT247

PMT247 offers investors a diverse range of financial trading assets, including currency pairs, CFDs on indices, commodities, precious metals, stocks, and a large number of cryptocurrencies.

Accounts & Leverage of PMT247

PMT247 offers investors six different types of accounts: Basic (minimum deposit of $250), Bronze (minimum deposit of $1,000), Silver (minimum deposit of $2,500), Gold (minimum deposit of $10,000), Platinum (minimum deposit of $25,000) and Black (by invitation only). PMT247 offers investors maximum trading leverage up to 1:500.

Spreads & Fees of PMT247

No specific information about spreads displayed on the PMT247 platform, However, PMT247 charges several other fees, such as a profit clearance fee (minimum $1.50 and maximum $5 per trade), a monthly maintenance fee ($20), a 3.5% withdrawal fee, and a $50 per month dormant account fee.

Trading Platforms Available of PMT247

PMT247 claims to have provided traders with an MT4 trading platform, but after signing up for an account, I found out that it is just a web-based trading platform with a trading interface that is not bad but not comparable to the highly recognized MT4 trading platform.

Pros & Cons of PMT247

The main advantages of PMT247 are:

1. A wide range of trading assets

2. Six account types to choose from

The main disadvantages of PMT247 are:

1. No regulation & blacklisted by CONSOB

2. MT4 trading platform not offered

3. No spread information and non-transparent fees

4. Salty extensive fees, such as profit clearing fees, monthly maintenance fees, withdrawal fees, inactive account fees

5. No information on deposit & withdrawal methods