PGMarkets Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this PGMarkets Review.
PGMarkets has three types of live trading accounts, plus a money management account, a tailor-made account and a free demo account for testing purposes.
The broker offers trading in forex, CFDs on equities and ETFs, indices, futures and in binary options.
The Company. Security of Funds
Company Country Regulation
Pegasus Markets Limited New Zealand No
PGMarkets is owned by the New Zealand company Pegasus Markets Limited, which claims to be authorized and registered by the Financial Service Providers authority from NZ. Our check in the New Zealand Financial Services Provider register shows that Pegasus Markets Limited has been deregistered back in August 2015. This undisputed fact surely raises some questions about the integrity of the company.
The company says it is a member of the Financial Services Complaints Limited dispute resolution scheme and does not accept clients from New Zealand and the USA.
We generally advise our readers to deal with regulated brokers only, preferably either by UK’s FCA or the Australian Securities and Investment Commission (ASIC) – two watchdogs known for providing robust oversight.
PGMarkets is rather generous when it comes to trading platforms. It offers two: the eternally popular MetaTrader 4 (MT4) and the proprietary trading platform of the European forex broker XTB – xStation – which it makes available to other brokers through a white label partnership.
The xStation platform has been voted “Best Trading Platform 2016” by Online Personal Wealth Awards and offers fast execution, very fast execution speeds, technical analysis and charting tools, social trading and a host of other options.
MT4 is available only in its desktop version, while xStation is available for web and as an application for mobile devices.
Methods of payment
PGMarkets accepts payments through bank transfers and credit and debit cards and the electronic wallets Neteller and Skrill.
First and foremost, PGMarkets is not regulated, despite its claims. The fact that it provides false information about this on its website raises some questions and one should proceed with caution.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
PGMarkets Review Conclusion
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