PFH Markets is a contract for difference (CFD) broker founded in the United Kingdom in 2020. The company is headquartered in London and has a branch in the United Arab Emirates. It primarily offers CFD trading services in forex, indices, energy, precious metals, and stocks. The broker's official website can be found at https://www.pfhmarkets.com/ and is available in English. PFH Markets does not provide services to residents of the United States, Canada, Sudan, Syria, and North Korea.
Company Background:
PFH Markets was registered as an online broker in the United Kingdom in 2020, under the entity PFH Markets Limited with the company number 12427084. The company directors are KHAN, Junied, WAGHU, Amjad, KHAN, Junied, and WAGHU, Amjad. The specific office address is 2nd Floor College House,17King Edwards Road, Ruislip, London, United Kingdom. According to Whois records, the broker's website domain was registered on October 8,2019.
Regulatory Information:
PFH Markets is not regulated by any regulatory authority. This means that in terms of asset security, investor protection, and risk mitigation, it may not offer the same level of protection as regulated brokers. The services provided by this broker carry a higher level of risk. Investors should exercise caution when considering the services offered by PFH Markets to protect their financial assets.
Trading Products:
PFH Markets offers a variety of financial instruments for trading, including:
Forex: It provides opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on price fluctuations between one currency and another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY.
Indices: Index CFDs allow investors to trade based on the price performance of market indices without the need to buy or sell the actual index component stocks or assets.
Energy: Energy CFDs are contracts that enable investors to engage in both long (buy) and short (sell) trades based on the price movements of energy commodities. Investors can participate in the energy market without holding physical commodities.
Precious Metals: Precious metal CFDs, such as gold and silver, offer trading opportunities based on price changes. These CFDs allow investors to potentially profit from price fluctuations without physically owning the metals.
Stocks: Traders can engage in CFD trading for stocks of various companies, including well-known companies like Apple, Microsoft, and Amazon. This allows investors to participate in the market without owning the actual stocks.
These products not only provide opportunities to access different financial markets but also allow investors to manage risk through diversified portfolios.
Trading Platform:
PFH Markets offers the widely recognized MT4 (MetaTrader 4) platform for users. MT4 features a customizable interface with various technical analysis tools, customizable charts, and a range of built-in indicators such as MACD, KDJ, CCI, and more, helping investors analyze market trends and make informed trading decisions.
MT4 is known for its fast and reliable trade execution, making it a preferred choice for many investors and financial institutions. The software is compatible with various devices, including PC, mobile devices, and web-based platforms, making it easy for investors to use.
Account Registration:
The PFH Markets official website provides a link for account registration. Users can choose to register either a demo or a live account, depending on their preferences. The registration process involves the following steps:
Open the PFH Markets official website and click on "Sign Up" in the upper right corner.
Fill in the required information (such as email, password, etc.) as requested to complete the account registration.
Account Types:
PFH Markets offers three types of accounts:
- CLASSIC Account
- PRO Account
- VIP Account
All three account types have a commission of 0.5%,Users can choose the account type that suits their trading needs.
Spreads and Leverage:
PFH Markets offers three types of accounts with varying levels of leverage, minimum trade size, minimum deposit requirements, and spreads. For example:CLASSIC Account: The spreads start at 1.6, and the minimum deposit is $100. The maximum leverage available is 1:500, and the minimum trade size is 0.01 lots.PRO Account: This account type offers spreads starting at 0.6, with a minimum deposit requirement of $5,000. The maximum leverage is 1:500, and the minimum trade size is 0.01 lots.VIP Account: The VIP Account boasts spreads starting at 0.4 and requires a minimum deposit of $50,000. It also offers a maximum leverage of 1:500 and a minimum trade size of 0.01 lots.
Deposits and Withdrawals:
PFH Markets claims to support instant deposits and withdrawals but does not specify the payment methods used, such as VISA, Mastercard, Skrill, NETELLER, PayPal, etc.
Customer Support:
Investors can contact PFH Markets' customer service through phone, email, and social media platforms like Facebook, Twitter, and LinkedIn. The broker's website does not specify customer service hours, which may affect the responsiveness of customer inquiries.
Summary:
PFH Markets offers various trading opportunities across different financial products. However, the broker provides a high level of leverage, lacks transparency regarding deposit and withdrawal methods, and is not regulated by any financial authority. The broker has been flagged as a "suspicious" entity on TraderKnows. Investors should exercise caution when considering the services offered by this company, prioritize the safety of their financial assets, and avoid falling into potential scams.
