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PGM Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 17:16

Abstract：　Established in Australia in 2005, PGM offers a wide range of trading assets including forex pairs, indices, commodities, and precious metals. 　　With over 10,000 trading varieties, competitive spreads, and leverage up to 1:400, the platform serves traders of all experience levels. While regulated by Australian authorities, offering negative balance protection, and featuring the MetaTrader 4 and MetaTrader 5 platforms, PGM provides a robust trading environment. 　　However, limitations include a high minimum deposit requirement for the ECN Account, limited educational resources, and the absence of a dedicated mobile trading app.

PGWReview Summary
Founded	1995
Registered Country/Region	Melbourne, Australia
Regulation	ASIC
Market Instruments	FuturesCommoditiesPrecious metalsStocks indexForex exchange
Demo Account	✅（STP account）
Leverage	Up to 1:400
Spread	As low as 0.5 pips
Trading Platform	MT4 & MT5
Min Deposit	$100
Customer Support	Live chat
	Email: cn.support@pgmfx.com
	Physical Address: INP MELBOURNE, Suite 103, 566 St kilda Road MELBOURNE VIC 3004

PRIMETIME GLOBAL MARKETS Information

　　PGM was incorporated in Australia in 2015. Currently, PGM mainly provides CFD trading services such as foreign exchange, precious metals, energy, index products, and crypto currencies.

　　PGM supports the use of the MT4 and MT5 platforms and offers three types of accounts for traders to choose from.

Pros and Cons

Pros	Cons
Multiple strict regulations	The high minimum deposit of ￥5000 for ECN Account
More than 10,000 trading products
400 times leverage
24/7 service	Delayed response
Dedicated servers for data security
Negative Balance Protection
Ultra-low spreadsSpread as low as 0.1pips

Is PRIMETIME GLOBAL MARKETS Legit?

　　It is authorized and regulated by the Australian Securities & Investments Commission (ASIC), Regulation Number (AFSL) 470050.

What Can I Trade on PGM?

　　PGM says it offers 1,0000 + products, Primetime Global Markets allows you to invest in futures, foreign exchange, precious metals, commodities, and stock indices with just one account.

Tradable Instruments	Supported
Futures	✔
Commodities	✔
Precious metals	✔
Foreign exchange	✔
Stocks	✔
Options	✔
Indices	✔
Bonds	❌
ETF	❌

Account Types

　　PGM offers three types of accounts for traders: CENT ACCOUNT, STP ACCOUNT, and ECN ACCOUNT. Minimum deposits range from $100 to $5000, and leverage can be up to 1:400.PGM supports trading 10,000+ CFDs.

　　When it comes to opening an account, PGM gives clear and easy steps. You may refer to:

PGM Fees

　　PGM offers competitive spreads and commissions across its different account types.

　　The CENT Account features a minimum spread of 2.2 pips for EUR/USD, making it suitable for beginners with smaller trading volumes and a focus on affordability.

　　In contrast, the STP Account presents tighter spreads, with a minimum of 1.6 pips for EUR/USD, appealing to traders seeking a balance between cost-effectiveness and functionality.

　　For experienced traders looking for the lowest spreads, the ECN Account stands out with a minimum spread of 0.5 pips for EUR/USD, albeit requiring a higher minimum deposit.

　　PGM does not charge any account inactivity fees.

Trading Platform

　　PGM allows traders to trade with both MT4 and MT5 platforms on Windows Desktop, Google Play, Android APK, iOS mobile terminal, as well as the Web page (for MT4 only).

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Windows DesktopGoogle PlayAndroid APKiOS mobile terminalWeb page	Novice Trader
MT5	✔	Windows DesktopGoogle PlayAndroid APKiOS mobile terminal	Skilled traders

Deposit and Withdrawal

　　The minimum deposit requirement varies based on the chosen account type: 100USDfortheCENTAccount,300 for the STP Account, and $5,000 for the ECN Account.

　　But they didn't disclose the deposit and withdrawal methods on their official website.