PNB Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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i have 3k acount in icmarkets but my leverage is very low i put only some lots and its show me zero free margin for another trade i am using ic more then 2 years but now i wants to leave icmarkets forever for this leverage new policy check my screenshot of ic scams. never trust it anymore!
The PNB review reveals a mixed picture of the Philippine National Bank's (PNB) services, particularly in the forex trading sector. While the bank boasts a long history and extensive international reach, user experiences indicate significant concerns regarding regulatory oversight and customer service. Key findings highlight PNB's lack of valid regulatory licenses, raising questions about trustworthiness. Users are advised to exercise caution due to potential risks associated with trading with PNB.
Note: It is essential to recognize that PNB operates across different regions, which may affect user experiences and regulatory compliance. This review aims to provide a balanced overview based on available information.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (or Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding services offered.
Founded in 1916, PNB is the first universal bank in the Philippines and has grown to become one of the largest privately-owned commercial banks in the country. The bank offers a wide range of services, including forex trading, remittance services, and investment banking. PNB primarily operates on the MT4 trading platform, providing access to various asset classes such as forex, commodities, and equities. However, it lacks valid regulatory oversight, which is a significant concern for potential users.
Regulatory Regions/Areas: PNB operates primarily in the Philippines and has a global presence with over 71 overseas branches. However, it currently lacks valid regulatory licenses, which raises concerns about investor protection and compliance with international trading standards.
Deposit/Withdrawal Currencies/Cryptocurrencies: PNB supports transactions in Philippine Pesos (PHP) and offers limited options for international currencies. There is no mention of cryptocurrency support, which may deter users looking for modern trading options.
Minimum Deposit: The minimum deposit requirement varies but is generally considered higher than many competitors, which can be a barrier for new traders.
Bonuses/Promotions: PNBs promotional offerings are not well-documented in the sources reviewed, indicating a lack of competitive incentives for attracting new clients.
Tradeable Asset Classes: Users can trade forex pairs, commodities, and equities, but the lack of detailed information on specific instruments may limit trading opportunities.
Costs (Spreads, Fees, Commissions): The fees associated with trading through PNB are not clearly outlined, leading to potential confusion for users regarding the actual costs of trading.
Leverage: PNB offers leverage, but the specifics regarding the maximum leverage ratios available are not detailed in the sources, which could impact traders strategies.
Allowed Trading Platforms: PNB primarily utilizes the MT4 platform, which is a standard in the industry. However, the lack of options for other platforms may limit flexibility for experienced traders.
Restricted Regions: The review does not provide specific information on restricted regions, but the lack of regulatory licenses suggests that users from certain jurisdictions may face challenges.
Available Customer Service Languages: PNB offers customer support primarily in English and Filipino, which may not cater to non-English speaking users.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (or Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
Account Conditions: PNB's account conditions score poorly due to its high minimum deposit requirements and unclear fee structures. Users have reported dissatisfaction with the lack of flexibility in account options.
Tools and Resources: While PNB provides access to the MT4 platform, the lack of additional trading tools and resources is a drawback. Many users expect more comprehensive educational materials and market analysis tools.
Customer Service and Support: PNB's customer service has received negative feedback, with users citing slow response times and unhelpful support. This has led to frustration among traders who require timely assistance.
Trading Setup (or Experience): The trading experience on the MT4 platform is generally rated as average, with users expressing concerns about execution speed and overall reliability.
Trustworthiness: The absence of valid regulatory oversight significantly impacts PNB's trustworthiness. Users are advised to be cautious, as the lack of regulation poses potential risks in trading.
User Experience: Overall user experience is rated low, primarily due to concerns about customer service and the bank's regulatory status. Many users express hesitance in fully committing to trading with PNB.
In conclusion, the PNB review illustrates a bank with a rich history but significant concerns regarding its forex trading services. Users are encouraged to carefully consider these factors before engaging with PNB.
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