PI Forex Broker

PI Review SummaryFounded2005Registered Country/RegionBelizeRegulationNo RegulationMarket InstrumentsForex, Precious Metals, Commodities, and Stock Index FuturesDemo Account✅LeverageUp to 1:200EUR/USD Spread2.0 pipsTrading PlatformMT4Minimum Deposit$50Customer SupportEmail: info@pi88.comSocial Media: Sina WeiboAddress：D-01-01 Menara Mitraland, No 13 A, Jalan PJU 5/1 , Kota Damansara, 47810, Petaling Jaya, Selangor ,Malaysia.; B-02-18, Plaza Bukit Jalil (Aurora Place) No. 1, Persiaran Jalil 1, Bandar Bukit Jalil, 57000, Kuala Lumpur, Malaysia.Regional RestrictionsUnited States, Singapore, and Hong Kong SAR, ChinaPI Information PI is a financial services company founded in 2005 and registered in Belize, but not regulated by any regulatory body. The company offers a wide range of tradable products such as foreign exchange, precious metals, commodities (such as crude oil) and stock index futures on the MT4 trading platform. Although PI offers a demo account for investors to practice with, investors need to be cautious when using its services due to the lack of regulation. In addition, the Company does not provide services to residents of the United States, Singapore, and Hong Kong SAR.Pros and ConsProsConsVarious trading marketsNo regulationDemo accounts availableRegional restrictionsMT4 platformUnknown payment methodsLow minimum depositIs PI Legit? No, PI is not regulated. Traders need to be cautious when trading.What Can I Trade on PI? PI's tradable instruments cover a wide range of financial asset classes, mainly including forex, precious metals, commodities (such as crude oil), and stock index futures.Tradrable InstrumentsAvailableforex✔precious metals✔commodities✔indices✔stock index futures✔cryptocurrencies❌bonds❌options❌funds❌ETFs❌Account Type PI offers a demo account, which allows traders to test out this platform without risking real money. It also offers two types of live trading accounts: the Standard Account and the Micro Account. The Standard Account offers a wider range of trading instruments, covering the Forex, Precious Metals, Stock Index Futures, and Crude Oil markets. Micro accounts are primarily focused on the forex and precious metals markets and are suitable for small traders or novice investors.Leverage PI offers two types of leverage settings for the account: the Micro account has a margin setting of 1:200 leverage, while the Standard account has a margin setting of 1:100 leverage.Account TypeMaximum LeverageMicro1:200Standard account1:100 The larger the trading volume the account is, the smaller the leverage will be applied to avoid exponential growth of possible losses.Fees SpreadTrading AssetSpreadHong Kong futures10 pipsDow4 pipsSpot gold and silver5 pipsCrude oil6 pipsForex2-7 pips Swap Fee Most products do not have an overnight fee, but some products, such as the Dow, Spot Gold, and Silver, charge an overnight fee of 1 or 2 pips per lot.Trading Platform PI supports trading using the MT4 platform. MetaTrader 4 (MT4) is a trading platform released by the Russian company MetaQuotes specifically for forex trading.Trading PlatformSupported Available Devices Suitable for MT4✔Desktop, Mobile, WebBeginnersMT5❌/Experienced traders