pfxtrds is a newly registered broker established in 2023, headquartered in New York, USA. The company primarily offers trading services for binary options, forex, and cryptocurrencies. It provides three different account types: Bronze, Silver, and Gold. The minimum deposit requirement for the Gold account is relatively high, at $4,000.
Company Background:
pfxtrds is a newly established American cryptocurrency broker, located at 10004, Battery Park, New York, USA. Its official website is https://www.pfxtrds.com/, with the domain registered on October 25, 2023. The company is quite new, not even a year old as of this writing. It focuses on providing binary options, forex, and cryptocurrency trading services to global clients. However, despite claiming to offer diverse trading products and services, key details about the company's legal entity, leadership team, and registration information remain unclear and lack transparency. Therefore, investors should conduct thorough research and evaluation to mitigate potential risks when considering using pfxtrds's services.
Regulatory Status:
The broker claims to be regulated by the Commodity Futures Trading Commission (CFTC) in the USA, the International Financial Services Commission (IFSC) in Belize, and the Cyprus Securities and Exchange Commission (CySEC). However, verification of registration and regulatory records with these financial authorities did not yield any information about pfxtrds. This suggests that the company's claimed regulatory status might be questionable and potentially false advertising.
This lack of transparency raises concerns about the company's integrity, and investors should be cautious about its claimed regulatory status. Before choosing this platform for trading, investors should further investigate its actual regulatory status to avoid potential risks.
Trading Products:
pfxtrds is a U.S.-based trading platform that offers various trading products to meet the investment needs of global clients. Its main trading products include binary options, forex, and contracts for difference (CFDs). Binary options trading allows investors to gain profits by predicting the rise and fall of asset prices, while forex trading covers a wide range of currency pairs, providing abundant trading opportunities. CFD trading enables investors to trade on price differences without actually owning the assets, covering stocks, commodities, and indices.
In addition, pfxtrds focuses on blockchain technology investments and offers various cryptocurrency trading services. Major cryptocurrency trading varieties include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), and Ripple (XRP). The company is dedicated to promoting the adoption and innovation of blockchain technology, combining the advantages of traditional finance and emerging blockchain technologies to provide customers with a unique trading experience.
Account Types:
The broker offers three different types of trading accounts. Each account type comes with specific fund return services, initial bonuses, trading signals, and withdrawal requests, allowing investors to choose the one that suits their investment needs and preferences. However, despite offering free support services, 24/7 customer support is not available, which might affect trading experiences. Investors should consider this carefully.
Bronze Account
- Fund Returns: This account type provides fund return services, allowing investors to retrieve their funds when needed.
- Support Services: 24/7 customer support is not available, so investors need to be aware of potential trading time limitations.
- Starting Funds: The minimum deposit is $1,000.
- Initial Bonus: A $2,500 startup bonus is provided to increase the investment amount.
- Trading Signals: Unlimited trading signals are available to help investors make more accurate trading decisions.
- Withdrawal Requests: Weekly withdrawal requests are not supported, so investors need to consider withdrawal frequency limitations.
- Support Services: Free support services are provided but are limited to specific time periods.
Silver Account
- Fund Returns: This account type also provides fund return services to meet the funding needs of investors.
- Support Services: Similar to the Bronze account, 24/7 customer support is not available.
- Starting Funds: The minimum deposit is $1,600.
- Initial Bonus: A $5,500 startup bonus is provided to expand the investment amount.
- Trading Signals: Similar to the Bronze account, unlimited trading signals are available.
- Withdrawal Requests: Weekly withdrawal requests are not supported, so careful consideration is needed regarding withdrawal frequency.
- Support Services: Free support services are also provided but are limited to specific time periods.
Gold Account
- Fund Returns: Similar to the previous account types, fund return services are provided to ensure the safety of investors' funds.
- Support Services: 24/7 customer support is not available, so investors need to be aware of potential support service limitations during trading.
- Starting Funds: The minimum deposit is $4,000.
- Initial Bonus: A $15,500 startup bonus is provided, the highest amount, to increase the investment amount.
- Trading Signals: Unlimited trading signals are available to help investors make better trading decisions.
- Withdrawal Requests: Weekly withdrawal requests are not supported, so investors need to plan withdrawals carefully.
- Support Services: Free support services are provided but are limited to specific time periods.
Minimum Deposit Requirements:
The broker offers three different account types: Bronze, Silver, and Gold. The Bronze account requires a minimum deposit of $1,000, suitable for beginners and small investors; the Silver account requires $1,600, suited for investors with some experience; the Gold account requires the highest deposit of $4,000, usually for investors seeking more advanced services and support. However, the high minimum deposit requirement may increase trading risks, especially for beginners or small investors. Therefore, investors should carefully consider their financial status and risk tolerance when choosing an account type.
Account Registration:
pfxtrds offers a convenient account registration process, broken into several steps. Firstly, users need to fill in basic personal information such as name, address, email, and phone number to ensure the completeness and accuracy of the registration information. Next, users need to set a secure password to ensure the confidentiality and security of account information. Finally, users need to select a preferred currency type for subsequent trading operations. Upon completing registration, users will receive an account number and password, which can be used to log in to pfxtrds's trading platform to start various trading services.
Customer Support:
pfxtrds provides customer support services; however, the support channels are relatively simple, offering only an email address support@pfxtrds.com as the sole contact method. This means that customers can only communicate with the platform by sending emails, lacking other immediate communication channels such as phone or online chat.
Conclusion:
pfxtrds is a newly established American cryptocurrency broker, focusing on providing binary options, forex, and cryptocurrency trading services to global clients. Despite claiming to offer diverse trading products and services, key details such as the company's legal entity, leadership team, and registration information remain unclear, lacking transparency. The company claims regulatory oversight by CFTC, IFSC, and CySEC, but verification did not find related information, raising concerns about its integrity. pfxtrds offers three account types: Bronze, Silver, and Gold, with minimum deposit requirements of $1,000, $1,600, and $4,000, respectively. The high minimum deposit requirement may increase trading risks, especially for beginners or small investors. Therefore, investors should conduct thorough research and evaluation, and be mindful of the claimed regulatory status and minimum deposit requirements to mitigate potential risks.
Currently, pfxtrds is marked as "suspected fraud" on TraderKnows.
