PBN Trade

PBN Trade Advantages:

Diverse trading instruments, such as CFDs that are crypto-based offered

PBN Trade is offering its clients a variety of currencies, which includes certain exotic ones, indices such as energy commodities, shares, futures and precious metals such as silver and gold and bitcoin crypto CFDs as well as other cryptocurrency currencies. However, you might be interested in out our listing of broker that offer Bitcoin CFDs:

Leverage that is reasonable

PBN Trade offer leverage of 1:100. This may not sound like much, it is enough to fit into any strategy of trading. Remember that even though the higher leverage could allow you to make a returns with a modest deposit, it does come with the possibility of draining your funds more quickly, if the market moves in the opposite direction.

Various payment methods, including e-wallets

With PBN Trade, you can transfer and withdraw money using all major credit and debit cardsas well as bank wires and a range of e-wallets which include Yandex.Money, QIWI, WebMoney, Neteller, Perfect Money. We’re not happy with Skrill as well as PayPal and the option of making payments using Bitcoins and Bitcoins, so you can look up our list of brokers accepting Bitcoins as payment. Bitcoins:

Islamic Account offered

PBN Trade offers its clients the option of an Islamic or swap-free account. They offer swap free or Islamic accounts. Islamic accounts are specifically created specifically for those in the Muslim trading community since they provide interest-free trading and Muslims cannot accept or pay interest. With accounts that are swap-free, you can close a open position at any time and it could be beneficial with specific strategies. The majority of people pay for this service through an additional charge and commission, or higher spreads. You can look through our listing of broker as well as those offering Islamic accounts:

MetaTrader4 supported

MetaTrader4 is now an industry standard and over 80percent of traders worldwide utilize the platform on regular basis. It has a user-friendly and intuitive interface, fantastic charting tools , and the ability to conduct automated trading sessions using Expert Advisor robots for trading which are easily modified and even built on an editor that is specifically designed for. You can look through this list of broker as well as offering MetaTrader4:

PBN Trade Disadvantages:

No regulation

PBN Trade is owned by Capital Tech Ltd, which is located in the Marshal Islands at Trust company complex Ajeltake Road, Ajeltake Islands, Majuro, MH96960 – an address that is well-known to us which is where many brokers from offshore that aren’t regulated such as Novatrades, iForex24, Tradex1, IntelligentCapital, AvaInvestments and FXG Invest are also registered.

At the same time, PBN Trade website is operated by a different company, Pbox Ltd, which is located in Bulgaria. The broker’s website does not mention anything regarding its status as a regulatory entity We carefully examined the register that is maintained by the Bulgarian Financial Supervision Commission, however, we could not locate Pbox Ltd. or Capital Tech Ltd.

Concerning Marshal Islands are concerned Marshal Islands are concerned, it’s laughable to speak about any kind of regulation for the financial sector in this tiny atoll located in the middle of Pacific Ocean, about which the US Department of State warns that the offshore sector of corporates is at risk of money laundering and other illicit actions.

Be aware that it’s very simple to establish international business company within the Marshal Islands, as the entire process is completed on the internet. Directors, corporate officers and shareholders could have any citizenship and can reside anywhere , and companies do not have to reveal the names of directors, officers shareholders, officers and beneficial owners. In addition, corporate entities can act as officers, directors, and shareholders.

However, it is quite obvious PBN Trade operates as an offshore broker that is not regulated with a low reputation, and since regulation is the one and only essential element to the security in any kind of investment. We strongly advise prospective traders to only invest with brokers that are licensed and regulated.

Cyprus Securities and Exchange Commission (CySEC) The Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) are highly regarded financial watchdogs, which offer sufficient protection on the market.

Brokers that are licensed by one these institutions are required to adhere to strict ethical and fiscal regulations, such as maintaining an adequate capital ratio as well as to keep clients’ money safe, separate accounts, and in certain cases even insure the capital of traders.

With the FCA supported Financial Services Compensation Scheme for example, if a broker is insolvent, investors could receive up as 50000 GBP in their capital. Similar compensation schemes to the CySEC offers traders as much as 20 000 EUR of their amount invested. You can check out our listing of brokerages who are also certified by FCA:

There is no information on commissions and spreads

PBN Trade is not very specific about the trading terms they provide and since we weren’t able to establish the Demo account, we are unable to examine the spreads. Be aware that spreads that are acceptable with an account that is standard should be with a minimum of 1.5 pip. Check out the list of brokerages which offer spreads with a tighter spread:

There is no information on the deposit minimum requirements

There’s no information on the minimum deposit required on PBN Trade’s website either. Remember that with the majority of borkers, you can quickly open a trading account for less than 250 dollars but with some well-established names, like FBS and IG and FBS, you can open a trading account with 5 USD, or perhaps lower.

Conclusion:

PBN Trade is an unregulated offshore broker that has very poor credibility. We have discussed regulation is the single most important factor to ensure the security for any type of investment. To put that into perspective, it’s funny to note that PBN Trade have published a entire article on their website titled “How to distinguish the reliable broker from the fraudster” and guess what, in the many suggestions they offer on for identifying a scammer there is no mention of regulation. It is clear: