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PBN Trade Review - is it scam or safe?

PBN Trade review - Is pbntrade.com scam or good forex broker?

RATING: 1.1 / 6 REVIEWS ForexBrokerz PBN Trade
PBN Trade is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


PBN Trade is a forex and CFD broker offering a variety of currency pairs, as well as crypto CFDs. If you are thinking opening an account with them be sure to read this review first.

 

Account type Min. deposit Max. leverage Spreads
Standard Account n/a 1:100 n/a

 

PBN Trade Advantages:

 

Various trading instruments, including crypto CFDs offered

 

PBN Trade is offering its clients a good variety of currency pairs, including some exotic ones, indices, energy commodities, futures, shares, precious metals like gold and silver, as well as crypto CFDs on bitcoin and other crypto currencies. Still you may alos want to check our list of brokers, offering Bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Reasonable leverage

 

PBN Trade offer leverage of up to 1:100, which though might not seem much is perfectly enough to accommodate any trading strategy. Keep in mind that while higher leverage might help you score good profit with a relatively small deposit, it also comes with a potential risk of depleting your funds much faster, when the market shifts in the wrong direction.

 

Various payment methods, including e-wallets

 

With PBN Trade you can deposit and withdraw funds with all major credit or debit cards, bank wire and a variety of e-wallets, including Yandex.Money, QIWI, WebMoney, Neteller, Perfect Money. We miss Skrill and PayPal as well as the option to pay with Bitcoins, so here you may check our list of brokers, accepting payments with Bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

 

Islamic Account offered

 

PBN Trade offers its clients an Islamic or swap free account. The Islamic accounts are especially designed for the Muslim trading community as they offer interest-free trade and Muslims are not allowed to take or receive interest. In practice with a swap free account you can leave an position overnight and this might also prove useful with certain strategies. You usually pay for that service  with an additional fee, commission or higher spreads. Here you can check our list of brokers, also offering Islamic accounts:

 

>>Islamic Forex Broker<<

 

MetaTrader4 supported

 

MetaTrader4 has become an industry standard and more than 80% of all traders world wide use the platform on a daily basis. The platform has user friendly and intuitive interface, great charting tools and the option to run automated trading sessions, using the Expert Advisor trading bots, which can be easily modified and even compiled on a special editor. Here you can check our list of brokers, also offering MetaTrader4:

 

>>MT4 Brokers<<

 

PBN Trade Disadvantages:

 

Lack of regulation

 

PBN Trade is owned by Capital Tech Ltd, which is based on the Marshal Islands at Trust company complex, Ajeltake road, Ajeltake Islands, Majuro, MH96960 – an address well known to us, where a number of other unregulated offshore, brokers, including Novatrades, iForex24, Tradex1, IntelligentCapital,  AvaInvestments and FXG Invest are also registered.

 

In the same time PBN Trade website is operated by another company -  Pbox Ltd, which is based in Bulgaria. As the broker mentions nothing about its regulatory status, we diligently checked the register of the Bulgarian Financial Supervision Commission,  but we were unable to find  Pbox Ltd. or  Capital Tech Ltd.

 

As far as the the Marshal Islands are concerned,  it is laughable to talk about any regulation of the financial sector on this small atoll in the middle of the Pacific Ocean, about which the US Department of State warns its offshore corporate sector is vulnerable to money laundering and other clandestine activities.

 

Keep in mind that it is very easy to register an international business companies on the Marshal Islands, as the whole process is done online. Corporate officers, directors, and shareholders may be of any nationality and live anywhere and the companies are not required to disclose the names of officers, directors, shareholders, or beneficial owners. On top of that corporate entities may act as directors, officers, and shareholders.

 

All that said, it is pretty clear PBN Trade is an unregulated offshore brokers with low credibility, and because regulation is the single most important factor for the safety of any investment, we strongly advice potential traders to invest only with properly licensed brokers.

 

Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) are well respected financial watchdogs that do provide sufficient security on the market.

 

Brokers licensed by one of those institutions are obliged to follow strict fiscal and ethical rules, including to maintain a minimum capital adequacy ratio, to keep all clients money in protected, segregated accounts and in some cases even to insure traders capital. 

 

With the FCA backed Financial Services Compensation Scheme for example, if the broker goes insolvent, traders can receive back up to 50 000 GBP of their capital. Similar compensation scheme with the CySEC guarantees traders up to 20 000 EUR of the investment. Here you may check our list of brokers, also licensed by FCA:

 

>>FCA Regulated Forex Brokers<<

 

No information about spreads and commissions 

 

PBN Trade is not very informative about the trading conditions they offer and as we were not able to open a Demo account we can not assess the spreads. Just keep in mind that acceptable spreads with a standard account should start below 1,5 pips. Here you may check our list of brokers, offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

No information about the minimum deposit requirement

 

There is no information about the minimum deposit requirement on PBN Trade web site either. Keep in mind that while with most borkers you can easily open a trading account with less than 250 USD, with some well established names, such as FBS and IG, you can start trading with just 5 USD or even less. 

 

Conclusion:

 

PBN Trade is an unregulated, offshore broker, with rather low credibility. As we have already discussed, regulation is the single most crucial factor for the safety of any investment. With that in mind it is amusing that PBN Trade have published a whole article on their web site titled “How to distinguish the reliable broker from the fraudster” and guess what, among the many tips they offer how to spot a scammer, they mention nothing about regulation. You can see for yourself:

 

Latest news about PBN Trade
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Traders` reviews for PBN Trade

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

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Summary

Pros

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pbntrade truffa

ho chiesto un ritiro e da allora non si sono piu fatti sentire gli scrivo ma loro non rispondono non si fanno sentire non date soldi a loro non hanno la licenza

Translated by Google:

I requested a withdrawal and then you are no longer made to feel I write but they do not respond are not felt no money given to them do not have license

pier paolo 02/11/2019

PBN Trade - Ja nichts einzahlen!!!

Nachdem ich mein geld von PBN capital nicht zurück bekomme und auch nicht mehr mit ihnen handle bekam ich einen Anruf von PBN Trading. Die wollten das ich nochmal 400.- einzahle, was ich aber nicht machte. PBN sind Betrüger.Sie behaupten es ist nicht die gleiche Firma obwohl es die gleiche Website Gestaltung ist. Lasst euch von der aggressiven Art nicht einschüchtern. Notfals einfach Telefon auflegen.


Translated by Google:

After I did not get my money back from PBN capital and did not handle them again, I got a call from PBN Trading. They wanted to pay me another 400.-, which I did not do. PBN are scammers. They claim it is not the same company though it's the same website design. Do not be intimidated by the aggressive nature. Justfals simply hang up the phone.

Jacqueline Bischof 02/07/2019

Problemas

Por favor esto no puede quedar a si alguien debe hacer algo me bloquearon en el celular y no me dejan sacar mi dinero por favor necesito reapuestas!!


Translated by Google:

Please this can not be left to if someone should do something they blocked me on the cell phone and they do not let me take my money please I need reapuestas !!

Romos 12/22/2018

PBN Trade - attenzione

Con la società PBNTRADE ho, mio malgrado, una storia infinita e veramente frustrante .
Verso il mese luglio ho chiesto di fare un prelievo, cosa che sino ad ora, pur essendo trascorsi giorni, settimane e mesi non è stata effettuata.
Segue una delle ultime mail. Inviate che, come molte altre è ancora in attesa di risposta:


Buongiorno
sono in attesa di risposte per quanto riguarda i prelievi che ho richiesto
in sostanza avevo sul conto circa 400 $ ora sono solo circa 15 $
Pretendo di sapere dove sono finiti i 385 $ che mancano all’appello
Si tratta di un errore o ci sono sotto sotto altri motivi ?????
Prego di rispondere
grazie 1000


Translation:


With the company PBNTRADE I have, despite myself, an infinite and truly frustrating story.
Towards the month of July I asked to make a withdrawal, which up to now, despite having passed days, weeks and months has not been carried out.
Following is one of the last e-mails. Send that, like many others, it is still waiting for an answer:


Good morning
I am waiting for answers regarding the withdrawals I have requested
in essence I had about $ 400 on the bill now it's only about $ 15
I want to know where the $ 385 that is missing from the appeal has ended
Is this a mistake or are there under other reasons ?????
Please reply
thanks 1000

bruno lucchetti 11/24/2018

Don't trust PbnTrade

PbnTrade - Capital Tech ltd they changed my MT4 password and used my account without my access and lost all money I had on account $1300.00

When I asked them why used my account without my access they said I wanted to help you and market crushed and we lost.

Don't trust them

Giorgi Tephnadze 11/20/2018

Dissatisfaction with the company

I open my avcount with 451 USD and should have started trading immediately after the transaction. I was contacted by two of their officials. One very unproffesional and not helpful the other wanting me to invest more money.
I am now suspecious as I'm not sure about the credibility of the company and secondly it felt threathened by the hostile unwillinh behaviour of the officials to assist me.

I want to close the account withdraw my money and re invest with another broker company. Since the account is two days old, can I instruct my bank to reverse the money or how do I go anout.

I read your information regarding the company and that makes me more worried.

Your assistance will be in high regatd.

Thanking you

Norton Saptou 10/11/2018

Scam company

It is a scammer company.

I registered with a capital of $ 3800 and they gave a credit of $ 3800.
They told me at first that credit has no conditions for withdrawal money.

When I reached $ 6000 I tried to withdraw my money but they refused. The accountant manger refused process my withdrawal and placed some orders on behave of me.

About one week later I lost all my money and never heard from them or from the account manager.

Momtaz Ali 09/11/2018

Bedragare

Fått ett samtal via Skype i början av juni månad.Killen verkat vara trevlig och lovande. Visst gått jag på det och flyttat 400 dollar och en löfte att vi ska börja trade . Fått uppgifter om att registrera mig via e post. Efter juni månad varken kille eller PBN kompany hört av sig och jag får inte kontakt med de. Den kille har jag som kontakt fortfarande , men jag får inte svar om varför har de inte hört av. De har ingen skam i kroppen och är hänsynslösa. Till och med när jag skrev till honom att jag vet att jag är lurad, och att jag ska skriva om händelse fått jag svaret att de har massor av kunder som sammarbetar med de. Med andra ord de struntar i ska jag förklara de som ”scam” eller inte.
Rekommenderar inte den PBN Company. De är SCAM company.

Translated by Google:

Have a call via Skype in early June. The guy seemed to be nice and promising. Certainly I went on it and moved 400 dollars and a promise that we should start trading. Received information about registering via email. After June, neither boy nor PBN company heard of me and I can not contact them. That guy, I still have contact, but I can not answer why they have not heard. They have no shame in the body and are ruthless. Even when I wrote to him that I know I'm tricked and I'm going to write about an event, I got the answer that they have a lot of customers who work with them. In other words, they are in violation, I will explain them as "scam" or not.
Do not recommend the PBN Company. They are SCAM company.

Nezra Milovac 08/17/2018

PBNTrade address

I have been working with PBNTrade for several months, but I was confused I couldn’t find the info about the owners. It’s a bit controversial, because some say they are Indonesian, other say Bulgarian. The real address of residence I found is in Croatia, Vukova Gorica 37.

Vikki 08/08/2018

PBN Trade Bedrägeri

De var väldig snabba in med pengar, och sedan efter ingen har hört av sig eller att man får kontakt med de. Det verkar att de utan samvete stjäl pengar från folk.

Rekomenderar inte alls, de är riktiga bedragare utan scam

Translated by Google:

They were very quick with money, and then nobody has heard or got in touch with them. It seems that they unintentionally steal money from people.

Do not recommend at all, they are real fraudsters without scams

Remi 08/01/2018

Assolutamente fuori legge

Con la scusa di farti recuperare i soldi da altri broker truffa, cercano di truffati a loro volta chiedendomi gli estremi della tua carta ed il codice di sicurezza, per "accreditati delle somme" o per farsi autorizzare al recupero delle somme truffate dagli altri brokes. State attenti, sono molto abili e suadenti. Ma sono solo dei truffatori senza scrupoli.

Translated by Google:
With the excuse of making you recover the money from other scam brokers, they try to scammed in turn asking me the details of your card and the security code, for "credited amounts" or to be authorized to recover the sums cheated by other brokes. Be careful, they are very able and persuasive. But they are only unscrupulous scammers.

Nicola Brandonisio 07/31/2018

Avoid PBN Trade

Same people running PBNtrade as 245markets where your money just disappears.

They now claim to know top industrialists from who they can get private placements of shares in top private companies and sell to you. Of course you would have to transfer money to PBN for this.

Advice for you all - avoid them. And check feedback on 245markets.

Sun 07/20/2018
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