PSFX is a forex broker that was registered in Anguilla on July 12, 2023. It primarily offers investors trading services in financial derivatives such as foreign exchange, indices, commodities, energy, stocks, and metals. The headquarters of the company is undisclosed. This broker does not provide services in jurisdictions where it would be in violation of local laws or regulations.
Company Registration Information and Regulatory Status:
According to public information on PSFX's official website, the broker has registered corporate entities in Anguilla, Saint Vincent and the Grenadines, and Mauritius.
In Anguilla, the registered entity is PSFX INTERNATIONAL LLC, with the registration number A000001266. The specific registration address is No. 9 Cassius Webster Building, Grace Complex, PO Box 1330, The Valley, AI-2640, Anguilla. In Saint Vincent and the Grenadines, the registered entity is also PSFX INTERNATIONAL LLC, with the registration number 1646. In Mauritius, the registered entity is PSFX Financial Limited, with the registration number C191744.
Upon verification, the Anguilla Commercial Registry has a listing for PSFX INTERNATIONAL LLC with the registration number A000001266; however, this entity is not registered with the Anguilla Financial Services Commission or any other financial regulatory authorities in various jurisdictions. Similarly, the Mauritius Corporate and Business Registration Department (CBRD) lists PSFX Financial Limited with the registration number C191744, but neither the Financial Services Commission (FSC) of Mauritius nor other financial regulatory authorities in various jurisdictions have this entity registered. Moreover, the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) reveals that the entity registered under number 1646 is LTC LTD, not PSFX INTERNATIONAL LLC, and SVGFSA does not regulate financial derivatives trading. Thus, the broker operates without regulation.
As of February 21, 2024, the broker has been registered for less than a year. Additionally, Whois information revealed that the broker's official website domain was registered on November 29, 2021.
How to Open an Account:
To open an account with PSFX, visit the broker's official website, click "Open account" on the homepage or "SIGN UP" in the top right corner to access the account registration page, fill in personal information such as name, email, and set a login password, then submit. Once the application is submitted, the account is successfully registered.
Account Types:
PSFX offers three types of real trading accounts: Executive, VIP, Pro
Executive:
- Minimum opening deposit: $100
- Spread: From 1.4 pips
- Trading commission: $0
- Maximum leverage: 1:400
- Swap-free days: 10
- Trading platform: MT5
- Execution type: Market execution
- Trading instruments: Over 300+ trading varieties including Forex, Metals, Indices, Energy, etc.
- Account currency: USD
- Minimum trade size: 0.01 lots for Forex and Metals
- Stop Out Level: 20%
VIP:
- Minimum opening deposit: $15,000
- Spread: From 0.9 pips
- Trading commission: $0
- Maximum leverage: 1:400
- Swap-free days: 10
- Trading platform: MT5
- Execution type: Market execution
- Trading instruments: Over 300+ trading varieties including Forex, Metals, Indices, Energy, etc.
- Account currency: USD
- Minimum trade size: 0.01 lots for Forex and Metals
- Stop Out Level: 20%
Pro:
- Minimum opening deposit: $30,000
- Spread: 0.2
- Trading commission: $60 per $1 million forex trade
- Maximum leverage: 1:100
- Swap-free days: 10
- Trading platform: MT5
- Execution type: Market execution
- Trading instruments: Over 128+ trading varieties including Forex, Metals, Indices, Energy, etc.
- Account currency: USD
- Minimum trade size: 1 standard lot
- Stop Out Level: 100%
Trading Platform:
PSFX provides the ST5 trading platform, which is supported by the servers of PSFX International LLC.
Deposits and Withdrawals:
PSFX supports deposits and withdrawals via cryptocurrencies, e-wallets, and bank transfers.
Conclusion:
Traderknows reminds investors that PSFX is a forex brokerage firm that lacks effective regulation. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation for investment activities, in order to avoid unnecessary financial losses.
Currently, this brokerage is marked as "unregulated" on Traderknows.
