PtBanc Forex Broker

Note: PtBanc's official website: https://www.ptbanc.com is currently inaccessible normally.PtBancReview SummaryFounded2018Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsCFDs on forex currency pairs, indices, precious metals, stocks, cryptocurrenciesDemo Account/LeverageUp to 1:100EUR/USD Spread3 pipsTrading PlatformWebMin Deposit$1 000Customer SupportTel: +44 2038073537Email: support.ru@PtBanc.com PtBanc was registered in the United Kingdom in 2018 and is not regulated. It offers leverage as high as 1:100 and wide spread of 3 pips. Its minimum deposit requirement is very high, at $1 000. It provides a variety of trading instruments via a web-based trading platform.Pros and ConsPros Cons Diverse trading assetsInaccessible websiteMultiple payment optionsUnregulatedHigh spreadsNot supported MT4 or MT5Extremely high minimum depositIs PtBanc Legit? No, PtBanc is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.What Can I Trade on PtBanc? PTBanc offers investors a wide range of financial trading products, mainly including CFDs on foreign exchange currency pairs, indices, precious metals, stocks, and other popular cryptocurrency products.Tradable Instruments Supported CFDs✔Forex✔Indices✔Precious metals✔Stocks✔Cryptocurrencies✔Bonds❌Options❌ETFs❌Account Type PTBanc offers the following account types, as well as Platinum and VIP account types, which are not included in the table due to the extremely high initial investment required (over $20,000).Account TypeMinDepositClassic$1,000Silver$2,500Gold$5,000Leverage PTBanc offers the maximum trading leverage of up to 1:100 for all account types. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.PtBanc Fees The spreads offered on PTBanc's platform for EUR/USD are 3 pips, much higher than the industry standard, with most well-regulated brokers offering EURUSD spreads between 1.1 and 1.5 pips. Wider spreads mean higher transaction costs.Account TypeSpreadClassic3.0 pips, fixedSilver3.0 pips, fixedGold3.0 pips, fixed Besides, the brokerage firm publicly states the fact of withdrawal processing fees, but does not specify more details.Trading Platform PTBanc offers investors a web-based trading platform rather than the big-name MT4/MT5 trading platform. The charts on this online trading platform are very simple and basic and lack some advanced features.Trading PlatformSupported Available Devices Suitable for WebTrader✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal PTBanc accepts payments via Visa, MasterCard, Bitcoin, Skrill, Neteller, wire transfer, Giropay, iDeal, etc.