Abstract:Founded in 2012 and with headquarters in China, PGFX Prime functions as an unregulated financial services firm. Although PGFX Prime provides the popular MetaTrader 4 (MT4) trading platform, which is preferred for its extensive charting tools and automated trading capabilities, lack of regulatory control raises questions over the safety and dependability of trading with PGFX Prime.
Note:PGFX Prime's official website:https://en.pgfxgroup.com/index.html is currently inaccessible normally.
Aspect | Information |
Company Name | PGFX Prime |
Registered Country/Area | China |
Founded Year | 2012 |
Regulation | Unregulated |
Trading Platform | MT4 |
Founded in 2012 and with headquarters in China, PGFX Prime functions as an unregulated financial services firm. Although PGFX Prime provides the popular MetaTrader 4 (MT4) trading platform, which is preferred for its extensive charting tools and automated trading capabilities, lack of regulatory control raises questions over the safety and dependability of trading with PGFX Prime.
Financial Service Providers Register(FSPR) | |
Current Status | Revoked |
Regulated by | FSPR |
License Type | Financial Service Corporate |
License No. | 390686 |
Licensed Institution | PROFIT CINDA GROUP LIMITED |
Unregulated and lacking control from any financial regulating body is PGFX Prime. With little choices for conflict resolution, this exposes traders to hazards including inadequate fund security and abusive trading tactics. Prospect customers should weigh these hazards while assessing PGFX Prime.
Exposure is the fundamental WikiFX comment section.
Before trading on unapproved platforms, people should review this part. It exposes material and evaluates hazards. Please discover specifics on our website here.
WikiFx encountered only one exposure. I shall mention it to you.
Exposure. Fraud Alert
Classification | Fraud Alert |
Date | April 28th,2021 |
Post Country | Malaysia |
Advising others to avoid PGFX PRIME, the client said it is a fraud broker that embezzled their assets and made withdrawals impossible.You should notice:
https://www.wikifx.com/en/comments/detail/202104286242476050.html
Reports of fraud and a broken website point to PGFX Prime, an unregulated broker with offices in China, gravely undermining traders. Lack of openness and legislative control increases the risk of financial loss and difficulties in resolving conflicts. Given these problems, traders would be far better off using supervised brokers with ethical behavior to ensure a better trading environment.
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According to the Broker, The website (https://mcmarkets.com) is owned and operated by MAGIC COMPASS GLOBAL LIMITED and MAGIC COMPASS LTD. MAGIC COMPASS GLOBAL LIMITED is a registered entity in Seychelles registered at IMAD Complex, Office 12, 3rd Floor, Ile Du PORT, Mahe, Seychelles, Registration Number: 8434985-1