Abstract:PM Financials, founded in 2023, is a brokerage registered in Mauritius. It provides 500+ types of instruments - Forex, Metals, Energies, Indices, Shares, Commodities. It charges no commissions. But it is unregulated.
PM Financials Review Summary | |
Founded | 2023 |
Registered Country/Region | Mauritius |
Regulation | No regulation |
Market Instruments | Forex, Metals, Energies, Indices, Shares, Commodities |
Account Type | Standard Account, Professional Account, Corporate Account |
Demo Account | ✔ |
Leverage | Up to 1:400 |
Spread | 0.6-1.6 pips |
Commission | No |
Trading Platform | MT5 |
Min Deposit | $5000 |
Payment Method | Visa, Bank Transfer, Mastercard, Perfect Money |
Customer Support | Phone: Mauritius: +23046720005Dubai: +971 44268300 |
Email: info@pmfinancials.mu | |
Physical Address: Silicon Avenue, 40 Cybercity the Cyberati Lounge, Ground Floor, The Cataylist 72201 Ebene, Mauritius.705 & 706, Aspect Tower(Zone-B), Business Bay, Dubai UAE. |
PM Financials, founded in 2023, is a brokerage registered in Mauritius. It provides 500+ types of instruments - Forex, Metals, Energies, Indices, Shares, Commodities. It charges no commissions. But it is unregulated.
Pros | Cons |
Wide range of trading instruments | Unregulated |
No commission | High min deposit of $5000 |
MT5 supported | No Islamic account |
Demo account available |
It is clear that PM Financials is currently unregulated.
PM Financials offers traders more than 500 types of instruments - forex, metals, energies, indices, shares, commodities.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Shares | ✔ |
Metals | ✔ |
Indices | ✔ |
Energies | ✔ |
Futures | ❌ |
Options | ❌ |
PM Financials offers 3 different types of accounts to traders - Standard Account, Professional Account, Corporate Account.
Account Type | Standard Account | Professional Account | Corporate Account |
Leverage | 1:400 | 1:200 | 1:100 |
Spreads | 1.6 pips | 1.2 pips | 0.6 pips |
Commission | No | No | No |
Swaps | No | No | No |
Platform | MT5 | MT5 | MT5 |
Min deposit | $5,000 | $15,000 | $5,0000 |
PM Financials charges no commissions. Its spread is 1.6 pips for Standard Account, 1.2 pips for Professional Account, 0.6pips for Corporate Account.
PM Financials's trading platform is MT5, which support traders on PC, Mac, iPhone and Android.
Trading Platform | Supported | Available Devices |
MT5 Margin WebTrader | ✔ | Web, Mobile |
MT4 | ❌ |
The broker supports 4 deposit and withdrawal methods - Visa, Bank Transfer, Mastercard, Perfect Money.
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Maxxi Markets is a forex broker founded in Comoros that offers traders access to a diverse range of financial instruments. With product offerings spanning commodities, forex, indices, metals, cryptocurrencies, and bonds, the broker caters to a wide spectrum of trading interests. Backed by the Mwali International Services Authority (MISA) under an offshore Retail Forex License (license number T2023425), Maxxi Markets combines innovative technology with varied account options to serve both novice and experienced traders.
Selecting the right forex broker can make the difference between trading success and frustration for most investors, especially retail investors. As retail traders gain unprecedented access to global markets, the choice between platforms like JustForex and JustMarkets becomes increasingly significant. Both brokers offer some shining features within the forex and CFD trading space, but their approaches differ in some areas.
CPT Markets’ UAE subsidiary, CPT MENA, secures an SCA Category Five license, expanding its FX and CFDs services in the region. Learn more about its UAE growth.