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Score

1.35 /10
Danger

PINE FX MARKETS

Australia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://pinefxmarkets.com

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Regulatory Index0.00

Business Index5.75

Risk Management Index0.00

Software Index4.00

License Index0.00

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 001300149) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

PINE FX MARKETS · Company summary
PINE FX MARKETSReview Summary
Founded2024-02-23
Registered Country/RegionAustralia
RegulationSuspicious Clone
Market InstrumentsCurrency Pairs, Commodities, Indices, Cryptocurrencies
Demo Account❌
LeverageUp to 1:500
SpreadAs low as 0 pips
Trading PlatformMT4(Desktop/Mobile)
Min Deposit$10
Customer SupportPhone: +01-246-357(Any time 24/7)
Email: contact@transp.eu.com
Social Media: Facebook, Twitter, YouTube, etc.

PINE FX MARKETS Information

PINE FX MARKETS is a forex trading broker. The tradable instruments, with four account types with a maximum leverage of 1:500, include commodities, indices, cryptocurrencies, and over 50 currency pairs. The minimum spread is from 0 pips and the minimum deposit is $10. PINE FX MARKETS is still risky due to its suspicious clone status, high leverage, and unspecific withdrawal information.

PINE FX MARKETS Information

Pros and Cons

Pros Cons
24/7 customer supportSuspicious Clone
MT4 availableDemo account unavailable
Leverage up to 1:500No specific withdrawal information
Spread as low as 0 pips
Various assets: currency pairs, commodities, etc.

Is PINE FX MARKETS Legit?

ASIC regulates PINE FX MARKETS, but the suspicious clone status makes it less safe than regulated brokers.

Is PINE FX MARKETS Legit?
Is PINE FX MARKETS Legit?

What Can I Trade on PINE FX MARKETS?

Traders can choose different investment directions because the broker provides over 50 currency pairs along with commodities, indices, and cryptocurrencies.

Tradable Instruments Supported
Currency Pairs✔
Commodities✔
Indices✔
Cryptocurrencies✔
Precious Metals❌
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on PINE FX MARKETS?

Account Type

PINE FX MARKETS has four types of accounts: Classic, ECN, Standard, and Pro. The standard account's minimum spread is up to 2.8 pips and the Pro account's minimum deposit reaches $10000. Traders who want low spreads and low leverage can open an ECN account. Those who prefer low deposits can choose a classic or standard account.

Account Type ClassicECNStandardPro
Minimum Deposit$10$300$10$10000
Available CurrenciesUSDUSDUSDUSD
Spreads From1.9 pips0.2 pips2.8 pips0.1 pips
Max Leverage1:5001:4001:5001:400
Account Type

PINE FX MARKETS Fees

The spread is from 0 pips, and the classic account's commission is free.

PINE FX MARKETS Fees

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

PINE FX MARKETS has an authoritative MT4 trading platform accessible on desktop and mobile. Compared with MT5, junior traders prefer MT4.

Trading PlatformSupported Available Devices
MT4✔Desktop/Mobile
Trading Platform

Deposit and Withdrawal

The minimum deposit is $10.

Customer Support Options

PINE FX MARKETS provides 24/7 phonesupport, and traders can contact the broker via phone, email, and social media. Working hours are 8:00-17:00, Mon-Sat.

Contact Options Details
Phone +01-246-357 (Any time 24/7)
Email contact@transp.eu.com
Social Media Facebook, Twitter, YouTube, etc.
Supported Language English
Website Language English
Physical Address 4517 Washington Ave.Manchester,Kentucky 39495
Customer Support Options
Customer Support Options

User Reviews

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User comment

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Comments

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Charles88657
more than one year
Approaching PINE FX MARKETS with caution is crucial. The lack of valid regulation and the suspicious ASIC license raise significant concerns about safety. The website's unavailability, absence of reliable trading platforms, and limited transparency on payment methods create doubts about their legitimacy. Additionally, the exorbitant withdrawal fees and challenging conditions for bonus-related withdrawals add to the overall negative experience. I would strongly advise against engaging with PINE FX MARKETS and recommend choosing a regulated broker prioritizing fund safety and transparent practices.
Approaching PINE FX MARKETS with caution is crucial. The lack of valid regulation and the suspicious ASIC license raise significant concerns about safety. The website's unavailability, absence of reliable trading platforms, and limited transparency on payment methods create doubts about their legitimacy. Additionally, the exorbitant withdrawal fees and challenging conditions for bonus-related withdrawals add to the overall negative experience. I would strongly advise against engaging with PINE FX MARKETS and recommend choosing a regulated broker prioritizing fund safety and transparent practices.
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2023-12-08 10:12
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Archald
more than one year
I appreciate the wide variety of trading instruments they offer. The option to trade forex pairs, CFDs on precious metals, cryptocurrencies, and more on their web-based platform suits my trading style. The leverage of 1:500 provides flexibility, allowing me to control larger positions. Although the website lacks some information, the overall experience has been positive. I find their platform user-friendly, and the diverse range of trading instruments aligns with my preferences.
I appreciate the wide variety of trading instruments they offer. The option to trade forex pairs, CFDs on precious metals, cryptocurrencies, and more on their web-based platform suits my trading style. The leverage of 1:500 provides flexibility, allowing me to control larger positions. Although the website lacks some information, the overall experience has been positive. I find their platform user-friendly, and the diverse range of trading instruments aligns with my preferences.
Translate to English
2023-12-07 18:43
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