PFG is a forex broker registered on its official website on December 2, 2023, offering financial trading services such as forex, stocks, and cryptocurrencies to investors. The company's headquarters address has not been disclosed, and it refrains from providing services in jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to information publicly available on the PFG website, the company is located at 1-8-12 Harumi, Chuo-ku, Tokyo, and holds a license from the National Futures Association (NFA) in the United States, with license number 0559600. However, the broker's official "Contact Us" page lists its office address in Des Moines, Iowa, USA. Detailed registration information about the company entity is not disclosed.
Upon verification, it was found that the broker is registered with the NFA under the entity name PFG JP but is classified as a non-member entity and is not regulated by the NFA. Additionally, no information was found indicating that the broker is authorized and regulated by any other official financial regulatory authority, suggesting that the broker operates without regulatory oversight.
Account Opening:
PFG's official website does not provide an account opening portal; instead, account opening is possible only by downloading its in-house trading platform.
Account Information:
The official website does not disclose crucial trading account information such as leverage, spread, minimum deposit amount, maximum/minimum trade volume, maximum position size, additional margin levels, stop-loss margin levels, overnight interest rates, and trading commissions.
Trading Platform:
PFG offers a proprietary trading platform, which is exclusively available for mobile devices.
Deposits and Withdrawals:
The broker has not publicly disclosed the supported methods for deposits and withdrawals on its official website.
Contact Information:
Users can contact PFG for customer support services via phone at +1-681-496-9623 and email at contact@pfgjp.site.
Summary:
Traderknows advises investors that PFG's corporate registration information is highly opaque, and it lacks authorization and effective regulation from any official financial regulatory authority in any jurisdiction. Furthermore, critical information about trading on the broker's website is sparse and unclear. Investors are recommended to steer clear of this platform when choosing a trading platform, opting for platforms with transparent registration and regulation information and a good reputation to avoid unnecessary financial losses. Currently, the broker is marked as "suspected of fraud" on Traderknows.
