PNX FINANCE is a forex brokerage company registered in the United States on June 26, 2023. The company primarily offers financial trading services such as forex, gold, and indices. It is headquartered in New York. The official website of the broker is https://amberlightfinance.com/, and the website primarily provides services in English. PNX FINANCE conducts business globally.
Corporate Background and Regulatory Status:
The entity registered in the United States for PNX FINANCE is PNX Finance Limited, with the registered address at 18121 E Hampden Ave, Aurora, US, and an entity ID of 20231671098. This entity is not a member of the National Futures Association (NFA) and is not subject to its regulation, which means that this entity lacks any effective regulation.
The broker's official website claims that PNX FINANCE was founded by Mr. Brent Cunningham at the end of 2012 in the United States. However, in reality, the company was registered in Colorado on June 26, 2023, and its website was registered on August 10, 2023. The formal appearance on the internet occurred on September 20, 2023.As of October 19, 2023, the broker has been online for just over a month, and its registration and establishment are less than four months old.
Furthermore, PNX FINANCE shares high similarity in content with STELLAR FINANCE and AMBERLIGHT FINANCE. The websites promote that their founders are all Brent Cunningham, and their headquarters addresses are all 30 Broad St., New York, NY 10004, United States. These three websites appear to be products from the same template.
Account Types:
There is no interface on the PNX FINANCE official website providing information about account types, so details about trading leverage, spreads, trading commissions, trade execution types, minimum deposit amounts, and other information are not available.
Trading Platform:
PNX FINANCE's official website offers its proprietary trading platform for PC, Android, iPad, iPhone, and web versions. However, the download buttons on the website do not function and only open the registration page.
Deposits and Withdrawals:
PNX FINANCE's website states that funds can be deposited via bank transfer or blockchain, but it does not specify withdrawal methods or provide details about the steps and costs associated with deposits and withdrawals.
Customer Support:
Users can only contact PNX FINANCE for customer support via email at support@pnxfinance.com and the online contact form on the website. This contact method may result in delayed responses and may not be conducive to quick communication when facing trading issues.
In Summary:
Traderknows warns investors that PNX FINANCE is an unregulated forex trading and brokerage company that deliberately fabricates its company information and conceals its true details. Additionally, critical information about trading is not clearly disclosed on its official website, which raises concerns about transparency. Furthermore, PNX FINANCE shares similarities with STELLAR FINANCE and AMBERLIGHT FINANCE, indicating that they may belong to the same batch of products using the same template. Currently, this broker is marked as "suspected fraud" on Traderknows.
