PtBanc Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-25 16:46

Abstract：PtBanc was registered in the United Kingdom in 2018 and is not regulated. It offers leverage as high as 1:100 and wide spread of 3 pips. Its minimum deposit requirement is very high, at $1 000. It provides a variety of trading instruments via a web-based trading platform.

　　Note: PtBanc's official website: https://www.ptbanc.com is currently inaccessible normally.

PtBancReview Summary
Founded	2018
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	CFDs on forex currency pairs, indices, precious metals, stocks, cryptocurrencies
Demo Account	/
Leverage	Up to 1:100
EUR/USD Spread	3 pips
Trading Platform	Web
Min Deposit	$1 000
Customer Support	Tel: +44 2038073537
Customer Support	Email: support.ru@PtBanc.com

　　PtBanc was registered in the United Kingdom in 2018 and is not regulated. It offers leverage as high as 1:100 and wide spread of 3 pips. Its minimum deposit requirement is very high, at $1 000. It provides a variety of trading instruments via a web-based trading platform.

Pros and Cons

Pros	Cons
Diverse trading assets	Inaccessible website
Multiple payment options	Unregulated
	High spreads
	Not supported MT4 or MT5
	Extremely high minimum deposit

Is PtBanc Legit?

　　No, PtBanc is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

What Can I Trade on PtBanc?

　　PTBanc offers investors a wide range of financial trading products, mainly including CFDs on foreign exchange currency pairs, indices, precious metals, stocks, and other popular cryptocurrency products.

Tradable Instruments	Supported
CFDs	✔
Forex	✔
Indices	✔
Precious metals	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　PTBanc offers the following account types, as well as Platinum and VIP account types, which are not included in the table due to the extremely high initial investment required (over $20,000).

Account Type	MinDeposit
Classic	$1,000
Silver	$2,500
Gold	$5,000

Leverage

　　PTBanc offers the maximum trading leverage of up to 1:100 for all account types. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

PtBanc Fees

　　The spreads offered on PTBanc's platform for EUR/USD are 3 pips, much higher than the industry standard, with most well-regulated brokers offering EURUSD spreads between 1.1 and 1.5 pips. Wider spreads mean higher transaction costs.

Account Type	Spread
Classic	3.0 pips, fixed
Silver	3.0 pips, fixed
Gold	3.0 pips, fixed

　　Besides, the brokerage firm publicly states the fact of withdrawal processing fees, but does not specify more details.

Trading Platform

　　PTBanc offers investors a web-based trading platform rather than the big-name MT4/MT5 trading platform. The charts on this online trading platform are very simple and basic and lack some advanced features.