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Regarding the legitimacy of PGM forex brokers, it provides a comprehensive investigation into the security aspects of regulatory ASIC,FSCA, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

Risk Control

Risk Manage

Is PGM safe?

The regulatory license is the strongest proof.

Institution FX (STP)

ASIC Institution Forex License (STP)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Institution Forex License (STP)
  • Licensed Institution:

    PRIMETIME GLOBAL MARKETS PTY LTD PRIMETIME GLOBAL MARKETS PTY LTD
  • Effective Date: Change Record

    2015-03-02
  • Email Address of Licensed Institution:

    leo@inpgroup.com.au
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    https://www.pgmfx.com
  • Expiration Time:

    --
  • Address of Licensed Institution:

    INP MELBOURNE, Suite 103, 566 St Kilda Road MELBOURNE VIC 3004 AUSTRALIA
  • Phone Number of Licensed Institution:

    0430098208
  • Licensed Institution Certified Documents:

11 name
Retail FX

FSCA Retail Forex License

Financial Sector Conduct Authority

Financial Sector Conduct Authority

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Retail Forex License
  • Licensed Institution:

    NEW CREST MANAGEMENT (PTY) LTD NEW CREST MANAGEMENT (PTY) LTD
  • Effective Date:

    2024-09-02
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    41 LANSDOWNE CRESCENT DURBAN NORTH 4051
  • Phone Number of Licensed Institution:

    084 842 0626
  • Licensed Institution Certified Documents:

11 name

Is PGM a scam, or is it legit?

The latest exposure and evaluation content of PGM brokers.

Refuse to return the principal
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!
They even took away 200 USD. It is ridiculous.
I deposited 500USD and traded normally. So far, I have not made any profit and lost more than 200USD. I need money and want to withdraw the remaining funds in my account. The withdrawal was rejected and the account was deleted. Now I can’t log in to the website. There is no notification or email. When I asked the customer service, they told me that I violated the rules. If the user made a profit, you don’t want to give money and make up reasons to say it’s a violation, I can understand. But I violated the rules if I lost money? Since losing money is also a violation, return my principal of 500 USD to me. Black platform. The market is destroyed by these unscrupulous bosses. I asked the customer service to show the evidence of violation, but they just replied like a robot. Everyone, don’t come to trade here. They even want to take away 200 USD, stay away quickly.
Pgm froze accounts and does not allow withdrawals.
Scam. Account frozen, no withdrawal allowed. Don't be fooled.
The scam platform freezes customer accounts and does not allow withdrawals!
The platform is utterly corrupt! At the same time and at the same price point, my account managed to incur a loss of $18,000. It's outrageous that 50,000 USD could open 136 lots. Not only did they refuse compensation after the fact, but they also froze my account and prevented withdrawals! I demand immediate compensation and the release of my funds from the platform! Otherwise, they should not expect to continue doing business!
Scam Platform Freezes Account and Refuses Withdrawals!
The broker is extremely dishonest. I copied the trades using the technical party they recommended, but due to issues with the technical party, my account suffered a significant loss. I traded 130 lots at once with $50,000, opening and closing positions at the same time and same price point, resulting in a loss of $18,000, which is absurd. Now, not only are they refusing to compensate, but they are also accusing us of violating rules, freezing the account, and denying withdrawals.
PGM's latest industry rating score is 6.11, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. PGM If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.