Prime Business (PBFX) is a Hong Kong-based forex broker that primarily offers trading services in forex, indices, and commodities. PBFX has offices in New Zealand, China, Malaysia, Thailand, Indonesia, Vietnam, and Singapore, where they conduct their related business operations. The company's official website is https://www.pribizco.com/, and it is available in English and Chinese.
Company Background:
PBFX operates under the legal entity Prime Business Co., Ltd with registration number 341014. The registered address of the broker is Genesis Building, 5th Floor, Genesis Close, PO Box 446, Cayman Islands, KY1-1106, and the operational address is Flat F, 10/F, Greenish Court, 13 Discovery Bay Road, Greenvale Village Discovery Bay, Lantau New Territories, Hong Kong. PBFX's domain, pribizco.com, was registered on July 18, 2018.
Regulatory Status:
PBFX's official website does not disclose its regulatory status, and there is no information about the company listed with the Securities and Futures Commission (SFC) in Hong Kong. The broker is suspected of offering financial and derivative services without regulation.
Market Tools:
- Forex: The forex market involves the buying and selling of different countries' currencies, making it one of the largest financial markets globally. It offers high liquidity and significant trading volume, allowing investors to access the forex market through PBFX.
- Indices: Indices are statistical indicators used to measure the performance of specific markets, industries, asset classes, or a basket of assets. Stock market indices are used to gauge the overall performance of stock markets.
- Commodities: Commodities are crucial drivers of the global economy and include assets with high volatility. Traders can participate in the commodities market using various financial instruments such as futures contracts, exchange-traded funds (ETFs), and more.
Account Types:
PBFX offers two main types of accounts, namely the ECN Account and the Standard Account. Additionally, the broker provides a demo account for novice users.
ECN Account:
- Suitable for forex trading
- Low spreads of 0.3 pips
- Leverage up to 1:1000
- Minimum trade size of 0.01
- Maximum trade size of 30
- Minimum margin requirement of 30%
- Supports AI trading without restrictions
- No platform fees
- Minimum deposit of $1000
Standard Account:
- Suitable for various trading products
- Spreads starting at 1.8 pips
- Leverage up to 1:1000
- Minimum trade size of 0.01
- Maximum trade size of 30
- Minimum margin requirement of 30%
- Supports AI trading without restrictions
- No platform fees
- No restrictions on minimum deposit amount
PBFX offers flexible and floating leverage for forex trading, including leverage options of 1:1000, 1:500, 1:400, 1:200, and 1:100. The floating leverage for gold trading is 1:200, and for silver, energy, and forex, it is 1:100.
Account Registration:
To register a PBFX account, users need to provide their information, with the minimum account registration amount being $100.
Trading Platform:
The broker provides the MT4 online trading platform, available for Windows, MAC, iOS, and Android devices. Investors with multiple MT4 accounts can utilize the platform's PAMM/MAM account management system.
Deposit and Withdrawal Methods:
PBFX offers three free deposit and withdrawal transactions per month and supports various methods, including USDT, MTPAY, IDA, PAYTRUST, UNIONPAY, and TRANSFER.
Customer Support:
Customers can contact the company for business advice by sending an email to customer_service@pbfxasia.com or by calling +852 36860371. For further inquiries, they can also email support@pribizco.com.
Summary:
PBFX is a company registered in the UK that continues to offer financial products and derivatives trading services to customers without being regulated by any financial regulatory authority. Currently, the broker is labeled as "unlawful operation" on TraderKnows, and investors are advised to exercise caution to protect their personal financial security.
