Search
PGM Forex broker specializes in providing foreign exchange trading services, the company's official website https://sg.pgm-fin.c..., the company's legitimate regulatory information AustraliaASICInstitution Forex License (STP) to enhance the security of the company's address

PGM Forex Broker

Basic Information

Registered Region
Australia
Operating Period
--
Company Name
Primetime Global Markets Limited
Abbreviation
PGM
Company employee
--
Keywords
10-15 years
Regulated in Australia
Institution Forex License (STP)
MT4 Full License
Regional Brokers
High potential risk

Company profile

PGWReview SummaryFounded1995Registered Country/RegionMelbourne, AustraliaRegulationASICMarket InstrumentsFuturesCommoditiesPrecious metalsStocks indexForex exchangeDemo Account✅(STP account)LeverageUp to 1:400SpreadAs low as 0.5 pipsTrading PlatformMT4 & MT5Min Deposit$100Customer SupportLive chatEmail: cn.support@pgmfx.comPhysical Address: INP MELBOURNE, Suite 103, 566 St kilda Road MELBOURNE VIC 3004PRIMETIME GLOBAL MARKETS Information PGM was incorporated in Australia in 2015. Currently, PGM mainly provides CFD trading services such as foreign exchange, precious metals, energy, index products, and crypto currencies. PGM supports the use of the MT4 and MT5 platforms and offers three types of accounts for traders to choose from.Pros and ConsPros Cons Multiple strict regulationsThe high minimum deposit of ¥5000 for ECN AccountMore than 10,000 trading products400 times leverage24/7 serviceDelayed responseDedicated servers for data securityNegative Balance ProtectionUltra-low spreadsSpread as low as 0.1pipsIs PRIMETIME GLOBAL MARKETS Legit? It is authorized and regulated by the Australian Securities & Investments Commission (ASIC), Regulation Number (AFSL) 470050.What Can I Trade on PGM? PGM says it offers 1,0000 + products, Primetime Global Markets allows you to invest in futures, foreign exchange, precious metals, commodities, and stock indices with just one account.Tradable Instruments Supported Futures✔Commodities✔Precious metals✔Foreign exchange✔Stocks✔Options✔Indices✔Bonds❌ETF❌Account Types PGM offers three types of accounts for traders: CENT ACCOUNT, STP ACCOUNT, and ECN ACCOUNT. Minimum deposits range from $100 to $5000, and leverage can be up to 1:400.PGM supports trading 10,000+ CFDs. When it comes to opening an account, PGM gives clear and easy steps. You may refer to:PGM Fees PGM offers competitive spreads and commissions across its different account types. The CENT Account features a minimum spread of 2.2 pips for EUR/USD, making it suitable for beginners with smaller trading volumes and a focus on affordability. In contrast, the STP Account presents tighter spreads, with a minimum of 1.6 pips for EUR/USD, appealing to traders seeking a balance between cost-effectiveness and functionality. For experienced traders looking for the lowest spreads, the ECN Account stands out with a minimum spread of 0.5 pips for EUR/USD, albeit requiring a higher minimum deposit. PGM does not charge any account inactivity fees.Trading Platform PGM allows traders to trade with both MT4 and MT5 platforms on Windows Desktop, Google Play, Android APK, iOS mobile terminal, as well as the Web page (for MT4 only).Trading PlatformSupported Available Devices Suitable for MT4✔Windows DesktopGoogle PlayAndroid APKiOS mobile terminalWeb pageNovice TraderMT5✔Windows DesktopGoogle PlayAndroid APKiOS mobile terminalSkilled tradersDeposit and Withdrawal The minimum deposit requirement varies based on the chosen account type: 100USDfortheCENTAccount,300 for the STP Account, and $5,000 for the ECN Account. But they didn't disclose the deposit and withdrawal methods on their official website.

Rating Index

ECN Account

Minimum Deposit
$5,000

STP accounts

Minimum Deposit
$300
How to login to PGM?
pgm Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a pgm Account Registering for a pgm account is the first step to accessing the platform's services. Follow these detailed steps to ensure a smooth registration proces

  

PGM Forex Broker - Complete Information Guide

  

1. Overview of the Broker

  Paragon Global Markets, LLC (PGM) was established on December 29, 2013, and is headquartered in the United States. As an independent introducing broker, PGM specializes in servicing a diverse mix of futures, foreign exchange, execution, and clearing clients engaged in global derivatives markets. The firm operates primarily in the institutional space, providing tailored solutions to its clients' execution and clearing needs.

  PGM has developed a reputation for its comprehensive market access and client-focused service. The company's development journey includes strategic partnerships with well-capitalized financial institutions, which enhance its ability to facilitate clearing services for clients. PGM's business model emphasizes customized services, allowing it to cater to the specific requirements of each client, ranging from retail forex trading to institutional services.

  With a history spanning nearly a decade, PGM has established itself as a key player in the financial services industry. The firm does not hold any valid regulatory licenses, which may raise concerns among potential clients about safety and compliance. However, its operational history and client service focus have contributed to its growth and presence in the market.

  

2. Regulatory and Compliance Information

  PGM is currently unregulated, which poses certain risks for potential clients. The lack of oversight means that there is no governing body ensuring compliance with industry standards. This absence of regulation can lead to concerns regarding the safety of client funds and the overall reliability of the broker.

  While PGM does not have any valid regulatory licenses, it is registered with the National Futures Association (NFA), which is a self-regulatory organization. However, it is important to note that the absence of a prominent regulatory license from recognized authorities such as the Financial Conduct Authority (FCA) or the Commodity Futures Trading Commission (CFTC) may deter some potential clients.

  In terms of client fund management, PGM does not explicitly state its policies on fund segregation or participation in investor compensation schemes. Potential clients should be aware of this lack of clarity and conduct thorough due diligence before engaging with the broker.

  PGM claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are standard practices in the industry to prevent fraudulent activities. Nonetheless, the effectiveness of these measures cannot be guaranteed without proper regulatory oversight.

  

3. Trading Products and Services

  PGM offers a wide range of trading products, including a variety of forex currency pairs and Contracts for Difference (CFDs). The broker provides access to over 55 forex pairs, including major, minor, and exotic currencies. This extensive selection allows traders to diversify their portfolios and take advantage of various market opportunities.

  In addition to forex trading, PGM also offers CFDs on indices, commodities, and stocks. This broad product offering caters to both retail and institutional clients, allowing them to engage in various trading strategies across multiple asset classes. PGM's unique asset management services include managed futures, which are an alternative investment strategy distinct from traditional stocks and bonds.

  The broker regularly updates its product offerings, ensuring that clients have access to the latest market trends and trading opportunities. PGM's commitment to providing a comprehensive suite of trading services positions it favorably in the competitive financial services landscape.

  

4. Trading Platforms and Technology

  PGM provides access to multiple trading platforms, including popular options such as CQG, CTS, Trading Technologies, QST, Bloomberg, and FFastFill. However, it does not support MetaTrader 4 or MetaTrader 5, which are widely used platforms among retail forex traders.

  The broker's platforms are designed to cater to both retail and institutional clients, offering a range of features and functionalities. PGM's trading technology is built to provide efficient execution and robust trading capabilities, which are essential for high-frequency trading and algorithmic strategies.

  For mobile traders, PGM offers mobile applications compatible with both iOS and Android devices, enabling clients to trade on the go. The broker employs an ECN (Electronic Communication Network) execution model, which ensures that trades are executed quickly and at competitive prices.

  With a focus on technology and innovation, PGM invests in maintaining its infrastructure to ensure reliable and secure trading experiences for its clients. The broker also supports API access for automated trading solutions, catering to clients who prefer algorithmic trading strategies.

  

5. Account Types and Trading Conditions

  PGM offers several account types to meet the diverse needs of its clients. The standard account requires a minimum deposit of $300 and features variable spreads starting from 1.6 pips. For clients seeking more competitive trading conditions, PGM provides advanced account types with different features and benefits.

  The broker's advanced accounts may include VIP or professional accounts, which typically offer lower spreads and enhanced trading conditions. PGM also offers Islamic accounts for clients who require compliance with Sharia law, ensuring that all trading activities align with their religious beliefs.

  Clients can open a demo account to practice trading without risking real capital, providing an opportunity to familiarize themselves with the broker's platforms and services. PGM offers leverage of up to 1:200 for professional clients, while retail clients may have access to lower leverage ratios.

  The minimum trade size across all account types is set at 0.01 lots, allowing clients to manage their risk effectively. PGM's overnight fees are competitive, but clients should be aware of any applicable charges associated with holding positions overnight.

  

6. Fund Management

  PGM supports a variety of deposit methods, including bank transfers and credit cards. The minimum deposit requirement varies depending on the account type, with standard accounts starting at $300. PGM does not impose any deposit fees, making it cost-effective for clients to fund their accounts.

  The processing time for deposits is generally quick, ensuring that clients can start trading without significant delays. However, clients should verify specific processing times based on their chosen payment method, as these may vary.

  Withdrawal options at PGM include bank transfers and other methods, with no withdrawal fees imposed. The broker processes withdrawal requests promptly, but clients should be aware of any potential delays depending on their payment provider.

  PGM emphasizes transparency in its fee structure, ensuring that clients are informed about any costs associated with their trading activities. The broker's commitment to efficient fund management enhances the overall trading experience for its clients.

  

7. Customer Support and Educational Resources

  PGM offers customer support through various channels, including telephone, email, and an online feedback form. The broker's support team is available during business hours, providing assistance to clients across different time zones.

  The support team is multilingual, catering to a diverse client base by offering assistance in several languages. This commitment to customer service ensures that clients can receive help whenever they need it.

  In terms of educational resources, PGM provides a range of materials, including webinars, tutorials, and market analysis reports. These resources are designed to help traders enhance their knowledge and skills, ultimately improving their trading performance.

  PGM also offers market analysis services, providing clients with daily insights, news updates, and research reports. This valuable information helps traders stay informed about market trends and make informed trading decisions. Additionally, PGM provides various trading tools, including calculators and economic calendars, to support clients in their trading endeavors.

  

8. Regional Coverage and Restrictions

  PGM primarily serves clients in the United States and has established a presence in various international markets. The broker's regional offices are strategically located to facilitate client support and service delivery.

  However, PGM does not accept clients from certain jurisdictions, including regions with strict regulatory requirements or where the broker is not licensed to operate. Potential clients should verify their eligibility before opening an account with PGM.

  In conclusion, PGM broker offers a comprehensive suite of trading services, catering to both retail and institutional clients. While the lack of regulation may pose risks, the broker's commitment to customer service, diverse product offerings, and advanced trading technology positions it as a viable option for traders seeking access to global markets.

PGM Similar Brokers

Regulated
CHIEF
Having a license
7.19
Score
Regulated
Shin
Having a license
7.98
Score
Regulated
Allianz
Allianz Forex Broker - Complete Information Guide   1. Broker Overview   Allianz
7.04
Score
Regulated
GMI
GMI Forex Broker - Complete Information Guide   1. Broker Overview   Global Mark
7.50
Score
Regulated
AB
AB Forex Broker - Complete Information Guide   1. Broker Overview   AB Forex, es
7.21
Score
Regulated
Lightyear
Having a license
4.79
Score
Regulated
XM
Having a license
9.10
Score
Regulated
Prestige
Prestige Forex Broker - Complete Information Guide   1. Overview of the Broker
6.58
Score
Over-Operation
Headway
No license plate
4.28
Score
Regulated
OANDA
Having a license
8.50
Score
Regulated
CF
Having a license
5.99
Score
Regulated
Solid
Having a license
5.86
Score
Regulated
OTT
OTT Forex Broker - Complete Information Guide   1. Overview of the Broker   OTT
6.06
Score
Regulated
Akatsuki
Having a license
7.98
Score
Regulated
BOOM
Having a license
5.75
Score
Revoked
CENTRAL
No license plate
5.15
Score
Regulated
TG
Having a license
7.21
Score
Revoked
IB
No license plate
8.20
Score
Regulated
AXEL
Axel Forex Broker - Complete Information Guide   1. Broker Overview   Axel Priva
8.34
Score
Regulated
Invesco
Invesco Forex Broker - Complete Information Guide   1. Broker Overview   Invesco
7.75
Score
Regulated
NAGA
Having a license
6.56
Score
Regulated
WWF
Having a license
5.89
Score
Regulated
eToro
Having a license
7.81
Score
Regulated
Deutsche Bank
Deutsche Bank Forex Broker - Complete Information Guide   1. Overview of the Bro
7.15
Score
Over-Operation
CERES
No license plate
5.08
Score
Regulated
WESTERN
Western Forex Broker - Complete Information Guide   1. Broker Overview   Western
7.88
Score
Regulated
HL
Having a license
6.90
Score
Offshore Regulated
FBS
Having a license
8.79
Score
Regulated
IQ Option
Having a license
5.47
Score
Revoked
CLC
No license plate
5.65
Score
Regulated
Capex
Having a license
5.67
Score
Regulated
Vantage
Having a license
8.66
Score
Regulated
Trading
Trading Brokers - Comprehensive Information Guide   1. Broker Overview   Company
7.23
Score
Regulated
IMC
Having a license
7.16
Score
Regulated
Topmax Global
4.53
Score

Latest Reviews

富安

富安

Singapore

Platform for no reason to block the account, do not give the gold, return my hard-earned money!!!

Exposure

04-02

tongue

tongue

Malaysia

This is a scam platform where withdrawals are not allowed, and accounts are being disabled.

Exposure

03-24

FX7931863622

FX7931863622

Malaysia

This broker accuses customers of violating trading rules whenever they make a profit. When asked to provide data or evidence, they fail to do so. What exactly constitutes a legitimate trade according to them? Even if a customer did violate rules, they should at least pay out principal amount. However, PGM refuses to return the principal; instead, they freeze your MT4 account and prevent you from logging in both on the platform and the backend. They just delay it!

Exposure

03-12

PGM Forex Broker has an overall rating of 4.15, Regulatory Index 4.94, License Index 3.05, Business Index 8.00, Software Index 8.57 Risk Control Index 0.00.