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PFX Markets Review: Pfxmarkets.com Forex Scam

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PFX Markets Review: Pfxmarkets.com Forex Scam

PFX Markets (Pfxmarkets.com) is a CFDs and Forex scam brokerage firm that’s stealing from unsuspecting Forex investors. PFXMarkets is claiming to offer users the chance to be their own boss. With claims of offering STP Forex services and highly skilled account managers, we decided to investigate. Complaints have also been sent to us by users who have lost money with this scandalous broker. Read this detailed review of PFX Markets.

PFX Markets Review

PFX Markets Review:

These scammers have done a good job by designing a website that looks real. And that’s what they are after; to make investors believe they have landed on a real page. Grabbing your attention is the first thing that scammers do, this way, they are sure you will sign up. PFX Markets is simply another scam that is being run by a professional scam outfit. How do we know this? Proof of their tricks will be revealed in this review.

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Claims and promises are also another factor that scammers rely on to entice users to sign up. Claims of being by your side in your Forex trading activities are all lies. Where have they been when users who deposited money wouldn’t reach them? What innovative tools do they claim to have that other brokers don’t have? These are some of the empty claims and promises that PFXMarkets is using to entice users.

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Who Owns PFX Markets?

No one actually knows who owns this scam Forex trading platform. Information regarding ownership is well guarded and this makes us question everything regarding this broker. Why would anyone fail to disclose their ownership details? How do they expect investors to deposit money to an unknown entity? This is why we are against anyone signing up with an anonymous Investing platform. There’s more than meets the eye with PFX Markets.

Only information given in regards to ownership is where this broker is located. Disclaimer at the bottom of the homepage shows that we are dealing with a broker based in the UK. With this said, we simply cannot believe what this broker does or says. For all we know, this broker maybe located in Marshall Islands. Why have they failed to mention even a single name of the person running the platform?

Is PFX Markets Licensed or Regulated?

PFX Markets Scam

PFX Markets has never seen the doors of any regulatory bodies or commissions. Folks, we are dealing with an illicit Forex platform that plans to steal money. A real broker would have easily posted their licensing number for all to see.

As we said earlier, scammers will do or say anything to make their products appear legit. Where are their registration certificates or documents to prove their case? A real broker has a page that shows these documents for investors to see. Investors can verify these documents by contacting the regulatory bodies concerned.

Deposit and Withdrawal.

When it comes to depositing money with this broker, that’s the only thing they got right. There are available channels to do and this means activating the demo account too.  And this is where we have a huge problem with this broker. How do they expect users to have a feel of their platform?

Withdrawing money is the biggest flaw with PFX Markets. Complaints received all had the same issue, lack of withdrawals. It seems that this broker is blocking users from accessing their hard earned money. This is a classic scammer’s move where their next plan is to shut down without warning.

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Account Types.

PFX Markets offers users three different account types to choose from. These accounts include Standard, Premium, and Pro account types. What we noticed awry with these account is the minimum deposit required to start trading. Users are required to deposit $100, $200, and $5000 respectively to start trading. These accounts have the same characteristics and don’t have any huge advantages.

Standard account holders have a limited online chat support which is a fake statement.  Leverage is 1:200 which is the same as a Pro account holder is. That begs the question, why would anyone deposit $5,000 to get the same perks as a standard account holder? Make sure not to sign up with this broker as they have no advantage to speak of.

Are Funds Safe with PFX Markets?

PFX Markets Fake Review

Any investor who signs up with this broker will surely rue the day they did so. To begin with, this broker fails to give out vital information. Where do they bank money deposited by users? Did you know that users maybe depositing money straight to the owner’s personal bank account? This is why you need to stay away from PFXMarkets.

With PFX Markets, there’s no segregation of accounts. This means that the broker in question is pooling funds in one account. A very dangerous practice in case the platform faces bankruptcy or insolvency. Another disturbing feature with this broker is that they don’t participate in a compensatory scheme. In case this broker loses your money, don’t expect to be compensated by this broker. Signing up with this broker will make you lose money.

No Live Chat Support.

With this broker, there’s no live chat support which is very weird. With a broker who claims to have innovative tools, lack of live chat is weird. It means that all what this broker wants is to remain anonymous. Lack of this important feature it means that we are dealing with an anonymous broker. How do they expect users to contact them in case of queries?

It seems this broker prefers users to send emails for any questions they have in regards to this platform. That’s why we recommend that you stay away from this fake broker.

Is PFX Markets a Scam?

PFX Markets is a scam that should be exposed for all to see. With their level of anonymity and lack of proper details, this is surely a scam. Make sure to mark all their emails as Spam and never click on any links sent. Warn your friends and relatives from signing up with this broker. That’s the only way to stay clear of this rotten Forex scam.

PFX Markets Final Verdict.

PFX Markets Scam Review

Only option left for us to do is to add PFX Markets to our scam blacklist. This is in the hopes that relevant authorities will investigate this platform and shut it down. . Make sure to stay away from this broker. Evidence clearly shows we are dealing with a rogue broker.

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