PI foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.pi88.com/createrealaccount.aspx, about the company's legal and temporary regulatory information, the company's address .
PI Forex Broker
Basic Information
Belize
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Pros
Variety of trading markets including forex, commodities, and precious metals.
Demo accounts available for practice without financial risk.
Low minimum deposit requirement, making it accessible for beginner traders.
Cons
Lack of regulation, which poses potential risks for traders.
Regional restrictions limit access for users in certain countries, including the U.S. and Singapore.
Unknown payment methods, which may raise concerns about transaction security.
PI Forex Broker - Complete Information Guide
1. Broker Overview
Company Name and Establishment: PI Markets Ltd., founded in 2005, is a financial services company registered in Belize.
Headquarters and Main Offices: The company is headquartered in Belize, with operational offices in various regions, including Hong Kong.
Company Nature: PI Markets is a privately held company, focusing on providing trading services to individual and institutional clients.
Primary Markets and Clientele: PI broker caters primarily to retail forex traders, offering a variety of trading instruments including forex, commodities, and stock index futures. The client base includes both novice and experienced traders looking for accessible trading solutions.
Company Development and Milestones: Since its inception, PI Markets has expanded its services to include a diverse range of financial instruments and has gained a reputation for its user-friendly trading platform. The company has continually evolved, adapting to market changes and client needs, which has allowed it to maintain a competitive edge in the forex trading space.
Parent Company or Group Relations: PI Markets operates independently and does not have any publicly disclosed parent company.
Business Model Overview: The PI broker operates mainly in the retail forex market, providing services that include trading in foreign exchange, commodities, and futures. The company emphasizes a user-friendly trading experience, catering to both individual traders and institutional clients.
2. Regulatory and Compliance Information
Main Regulatory Bodies: PI Markets is not regulated by any major financial authority. Its operations are primarily based in Belize, which has different regulatory standards compared to more established markets.
Regulatory Numbers: As there is no valid regulatory information available for PI Markets, it is essential for potential clients to be cautious.
Validity and Scope of Regulatory Licenses: The lack of regulation poses significant risks to traders. PI Markets does not offer the protections that regulated brokers provide.
Legal Entities in Different Regions: The company operates under the regulations of Belize, but it does not have specific legal entities recognized in other jurisdictions.
Client Fund Segregation Policy: Due to the absence of regulatory oversight, there is limited information regarding the segregation of client funds, which is a critical aspect of protecting investor assets.
Investor Compensation Fund Participation: PI Markets does not participate in any investor compensation schemes, adding to the potential risk for clients.
KYC and AML Compliance Measures: While the company may have some measures in place for Know Your Customer (KYC) and Anti-Money Laundering (AML), the specifics are not well-documented, reflecting a lack of transparency.
3. Trading Products and Services
Number of Forex Pairs and Major Varieties: PI broker offers a selection of forex currency pairs, though the exact number is not specified in available resources. Traders can expect to find major pairs like EUR/USD, GBP/USD, and USD/JPY.
CFD Product Categories: The broker provides access to a variety of Contracts for Difference (CFDs) including indices, commodities, and stock index futures. However, it does not offer cryptocurrency trading.
Unique Products or Trading Varieties: PI Markets focuses mainly on traditional financial instruments without any unique offerings that distinguish it from competitors.
Product Update Frequency and New Additions: There is limited information regarding the frequency of product updates or the introduction of new trading instruments.
Retail Trading Services: The broker primarily targets retail traders, providing a platform that is accessible and user-friendly.
Institutional Client Services: There are no specific services mentioned for institutional clients, indicating a focus on retail trading.
White Label Solutions: PI Markets does not offer white label solutions based on the available data.
Asset Management Services: The company does not provide asset management services, focusing solely on trading.
4. Trading Platforms and Technology
MetaTrader 4/5 Support: PI Markets does not support MetaTrader 4 or MetaTrader 5, which are popular trading platforms among forex traders.
Proprietary Platform Details: The broker employs its own trading platform, but specific details about its features and functionalities are not extensively documented.
Web-Based Trading Platform: PI broker provides a web-based trading platform that allows traders to access their accounts from any internet-enabled device.
Mobile Application: Information regarding a dedicated mobile application for trading is not available, which may limit accessibility for traders who prefer mobile trading.
Execution Models: The broker's execution model is not clearly defined in the available resources, which raises questions about the efficiency and reliability of trade execution.
Server Location and Technical Infrastructure: The technical infrastructure details, including server locations, are not disclosed, which is vital for assessing latency and trading conditions.
API Access and Automated Trading Support: There is no information available regarding API access or support for automated trading, which could limit advanced trading strategies.
5. Account Types and Trading Conditions
Standard Account Conditions: The minimum deposit requirement, spreads, and commissions for standard accounts are not explicitly mentioned, which could be a drawback for potential clients.
Advanced Account Types: The presence of advanced or VIP account types is not indicated in the available information.
Special Accounts: There is no mention of special accounts such as Islamic accounts or corporate accounts.
Demo Account Policy: The availability of a demo account is not specified, which is crucial for new traders looking to practice without risking real money.
Leverage Ratios: The leverage ratios offered by PI broker are not documented, making it difficult for traders to assess their risk exposure.
Minimum Trade Size: Details regarding the minimum trade size are not provided, which is essential for traders to plan their trading strategies.
Overnight Fees Policy: Information on overnight fees or swap rates is not available, which could affect traders' long-term positions.
6. Fund Management
Supported Deposit Methods: PI broker supports various deposit methods, including bank transfers and credit cards, but specific details are not provided.
Minimum Deposit Requirements: The minimum deposit requirements vary by account type, but specific amounts are not disclosed.
Deposit Processing Times: The processing time for deposits is not specified, which could lead to uncertainty for traders.
Deposit Fees: There is no information available regarding any fees associated with deposits.
Withdrawal Methods and Restrictions: The available withdrawal methods and any associated restrictions are not detailed in the available resources.
Withdrawal Processing Times: The processing time for withdrawals is not mentioned, which is crucial for traders needing timely access to their funds.
Withdrawal Fee Structure: Details on withdrawal fees are not provided, which could impact the overall trading costs for clients.
7. Customer Support and Educational Resources
Support Channels: PI broker offers customer support through various channels, including email and phone, but specific details are not provided.
Service Hours and Time Zone Coverage: The service hours and time zone coverage for customer support are not specified, which may impact availability for global clients.
Multilingual Support: Information regarding multilingual support is not available, which could limit accessibility for non-English speaking clients.
Types of Educational Resources: The broker does not appear to offer extensive educational resources such as webinars, tutorials, or eBooks.
Market Analysis Services: There is no indication that PI broker provides market analysis services, daily analyses, or research reports.
Trading Tools: Information regarding trading tools such as calculators or signal services is not specified.
8. Regional Coverage and Restrictions
Primary Service Markets: PI Markets primarily serves clients in regions where it is legally permissible to operate, but specific markets are not disclosed.
Regional Office Distribution: The distribution of regional offices is not mentioned, which may limit local support for clients.
Countries/Regions Not Accepted: The broker does not accept clients from certain countries, including the United States and Singapore, but specific restrictions are not detailed.
Special Restrictions: There are no special restrictions mentioned regarding trading activities or account openings.
In summary, while PI broker offers a variety of trading services and products, potential clients should be cautious due to the lack of regulation and transparency regarding key operational aspects. The absence of comprehensive information on trading conditions, customer support, and educational resources may also impact the overall trading experience.