摘要:PPLS, offers trading services focused exclusively on Cambodian stocks and stock CFDs. Through its trading platform MT5, PPLS provides clients with access to the Cambodian market, facilitating trading activities within a regulated environment. Clients can rely on PPLS's customer support services, accessible via phone and email. However, its license of SERC is suspected as clone and its website is accessible.
Note: Regrettably, the official website of PPLS, namely https://www.pplinksecurities.com, is currently experiencing functionality issues.
PPLS Review Summary | |
Registered Country/Region | Cambodia |
Regulation | SERC (Suspicious Clone) |
Market Instruments | ONLY Cambodian stocks and stock CFDs |
Trading Platforms | MT5 |
Minimum Deposit | N/A |
Customer Support | Phone and email |
PPLS, offers trading services focused exclusively on Cambodian stocks and stock CFDs. Through its trading platform MT5, PPLS provides clients with access to the Cambodian market, facilitating trading activities within a regulated environment. Clients can rely on PPLS's customer support services, accessible via phone and email. However, its license of SERC is suspected as clone and its website is accessible.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros | Cons |
MT5 supported | Higher brokerage fees |
Phone and email support available | Few financial instruments |
SERC (Suspicious Clone) | |
Inaccessible website | |
Limited trust |
- MT5 Support: PPLS offers support for MetaTrader 5 (MT5), a popular trading platform known for its advanced features and functionality.
- Phone and Email Support: Clients have access to customer support via phone and email, providing channels for assistance and guidance.
- Higher Brokerage Fees: PPLS charges higher brokerage fees, particularly for trades executed through MT5, potentially impacting profitability for traders.
- Few financial instruments: With few financial instruments available, clients may face challenges in diversifying their investment portfolios and managing risk effectively.
- SERC (Suspicious Clone): Doubts surround PPLSs licensing claims by the Cambodia Securities and Exchange Commission (SERC), raising concerns about the legitimacy and regulatory oversight of the broker.
- Website Inaccessibility: The inability to access PPLSs website raises concerns about transparency, communication, and the overall reliability of the brokerage service.
- Trust Issues: The ambiguous licensing status and association with the Suspicious Clone Regulation (SERC) contribute to limited trust among traders, who hesitates to engage with PPLS due to uncertainties regarding its legitimacy and regulatory compliance.
Caution should be exercised when dealing with Dorman Trading as there are doubts surrounding its claim of being licensed by the Cambodia Securities and Exchange Commission (SERC) under a Common Financial Service License. The authenticity of this license, along with its associated license number, remains undisclosed, raising concerns about the legitimacy of the broker. Moreover, there are suspicions that the SERC mentioned by Dorman Trading might be a clone or fraudulent entity.
Adding to the uncertainty, the broker's website is currently inaccessible, further complicating matters for potential clients. This lack of online presence raises questions about the broker's reliability and operational status.
Given these factors, individuals should exercise caution and conduct thorough research before engaging with Dorman Trading.
Market Instruments
PPLS exclusively offers Cambodian stocks and stock CFDs, limiting its trading instruments to assets within the Cambodian market. This means that traders using PPLS have access to a selection of stocks listed on the Cambodian stock exchange, as well as stock contracts for difference (CFDs) based on these stocks.
- Cambodian Stocks: PPLS provides access to a range of stocks listed on the Cambodian stock exchange. These stocks represent various companies operating within Cambodia across different sectors such as finance, technology, manufacturing, and more.
- Stock CFDs: In addition to physical stocks, PPLS offers stock CFDs, which are derivative instruments that allow traders to speculate on the price movements of Cambodian stocks without actually owning the underlying assets.
Trading Platforms
PPLS provides its clients with access to the MetaTrader 5 (MT5) platform, a robust and versatile trading platform widely regarded in the industry. MT5 offers an array of features designed to enhance the trading experience, catering to both novice and experienced traders alike. With its intuitive interface and customizable layout, traders can easily navigate through various tools and resources to execute their trading strategies efficiently.
One notable aspect of the MT5 platform offered by PPLS is its extensive range of technical analysis tools. Traders can access a wide selection of indicators, charting options, and analytical objects to conduct thorough market analysis and identify potential trading opportunities. Whether traders prefer simple trend lines or complex oscillators, MT5 provides the tools necessary to perform comprehensive technical analysis.
Fees
PPLS imposes various fees for trading Cambodian stocks and equity CFDs, with distinct structures for each type of instrument.
For Cambodian stocks, the trading hours are Monday to Friday, from 9:00 to 16:00 GMT, excluding Cambodian public holidays. Traders are subject to a trading fee of 0.67% of the transaction value, with a minimum commission of 4,000 Cambodian Dollars (equivalent to approximately US$1).
On the other hand, equity CFDs on PPLS incur different fees. When trading equity CFD contracts, traders are charged a commission based on the contract value, set at 0.17% of the contract value. However, there is also a minimum commission threshold of $5, ensuring that smaller transactions are not disproportionately burdened by fees. Transactions below this threshold are charged at the minimum commission level. Additionally, overnight holding costs apply to equity CFDs, with long positions incurring a cost of -2.5% per annum and short positions incurring a cost of -0.5% per annum. Notably, overnight costs for Friday are calculated at triple the usual rate to account for weekend holding periods.
Instrument | Trading Fee Structure | Trading Hours | Minimum Commission | Overnight Holding Costs |
Cambodian Stocks | 0.67% of transaction value, with a minimum commission of 4,000 Cambodian Dollars (approximately US$1) | Monday to Friday, 9:00 to 16:00 GMT, excluding Cambodian public holidays | 4,000 Cambodian Dollars (approx. US$1) | N/A |
Equity CFDs | 0.17% of contract value, with a minimum commission of $5 | Monday to Friday, 24 hours, excluding Cambodian public holidays | $5 | Long positions: -2.5% per annum, Short positions: -0.5% per annum. Triple rate for holding positions over weekends. |
Deposits & Withdrawals
Clients can choose between two methods to deposit funds into their PPLS accounts.
The first method allows customers to deposit funds directly through their personal bank accounts, with full customer service support available throughout the process. The second method involves transferring funds from the investor's account to PPLS through designated channels within the mall.
When it comes to withdrawing funds from their PPLS accounts, clients can initiate the process by sending a withdrawal request via email.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +855963079979
Email: info@pplinksecurities.com
Address: Golden Tower(5/F), St.215, Sangkat Vealvong, Khan7 Makara, Phnom Penh, Kingdom of Cambodia
Conclusion
In conclusion, PPLS presents a complex picture for potential traders to consider. On one hand, it offers support for MT5 and provides phone and email support. However, there are notable drawbacks. PPLS has higher brokerage fees, particularly for MT5 trades, and its limited range of financial instruments could restrict diversification strategies. Moreover, the inaccessible website and uncertainty surrounding its licensing status raise red flags about transparency and legitimacy, potentially eroding trust among potential clients.
Ultimately, traders should carefully weigh these pros and cons before deciding whether PPLS is the right fit for their trading needs.
Frequently Asked Questions (FAQs)
Question 1: | Is PPLS regulated by any financial authority? |
Answer 1: | No. It has been verified that this broker currently has no valid regulation. |
Question 2: | How can I contact the customer support team at PPLS? |
Answer 2: | You can contact via telephone: +855963079979 and email: info@pplinksecurities.com. |
Question 3: | What platform does PPLS offer? |
Answer 3: | It offers MT5. |
Question 4: | What trading products PPLS provides? |
Answer 4: | It provides ONLY Cambodian stocks and stock CFDs. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.