PH Markets Ltd is a registered financial broker in Saint Lucia, established on January 31, 2024. Although the company offers a variety of trading products and account types, covering forex, commodities, indices, cryptocurrencies, and stocks, its regulatory status in the US market is questionable. The platform claims to be authorized by the National Futures Association (NFA) in the US, but a query reveals it is not registered with the NFA, casting doubt on its legitimacy. Investors should carefully assess its regulatory status and potential risks when using PH Markets Ltd.
Corporate Background of PH Markets Ltd:
PH Markets Ltd was registered in Saint Lucia on January 31, 2024, and its official website was launched simultaneously. The broker's company registration number with the Saint Lucia International Business Companies and International Trust Registry (ifc) is 2024-00072. Its registered address is Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Rodney Bay, Saint Lucia LC01 401, while its operational address is New No: 80, old no: 347/1 Basement Arcot Road, Trustpuram, Kodambakkam, Chennai, Tamilnadu, India, 600024.
Regulatory Information of PH Markets Ltd:
PH Markets Ltd claims to be authorized by the National Futures Association (NFA) in the US, with license number 0563060. Upon inquiry, it was found that PH Markets Ltd is not registered with the NFA, signaling that its operations in the US market may not meet necessary regulatory standards. This lack of regulation could pose significant risks to investors, as there is no authoritative body to oversee the security of users' funds and the fairness of trades. Therefore, investors are advised to exercise caution and consider other platforms with clear regulatory credentials to ensure the safety of their funds and investment rights when choosing PH Markets Ltd.
Account Registration Process at PH Markets Ltd:
Opening an account with PH Markets Ltd typically involves the following steps:
- Registration: Visit the PH Markets Ltd website, go to the account registration section, provide your name, email address, phone number, and select the account type (such as Standard, Premium, VIP, or ECN Pro account).
- Verification: Submit proof of identity and residence documents (such as passport and utility bills) to verify your identity and comply with financial regulations.
- Deposit and Activation: After account verification, log in to your account dashboard, select your preferred deposit method (such as bank transfer, credit card, or e-wallet) in the deposit section, and fund your account to activate it.
Trading Account Information of PH Markets Ltd:
PH Markets Ltd offers demo accounts and four types of live trading accounts to meet the needs of different traders:
Standard Account
- Minimum Deposit: $100
- Leverage: 1:100 - 1:1000
- Spread: From 1.5 pips
- Trading Instruments: Forex, CFDs, Metals
- Commission: None
- Order Execution: INSTANT
Premium Account
- Minimum Deposit: $300
- Leverage: 1:100 - 1:400
- Spread: From 1 pip
- Trading Instruments: Forex, CFDs, Metals
- Commission: $3 per lot
- Order Execution: INSTANT
Star VIP Account
- Minimum Deposit: $2000
- Leverage: 1:100 - 1:300
- Spread: From 0.5 pips
- Trading Instruments: Forex, CFDs, Metals
- Commission: None
- Order Execution: MARKET EXECUTION
ECN Pro Account
- Minimum Deposit: $500
- Leverage: 1:100 - 1:200
- Spread: From 0 pips
- Trading Instruments: Forex, CFDs, Metals
- Commission: $3 per lot
- Order Execution: MARKET EXECUTION
These account types offer different leverage and trading conditions to meet the needs of various traders.
Trading Products of PH Markets Ltd:
Forex:
- Offers trading in over 55 currency pairs.
- Maximum leverage of 1:1000.
Commodities:
- Trades in over 19 commodities, including energy, agriculture, and metals.
- Offers spot and futures CFDs.
- Maximum leverage of 1:500.
Indices:
- Trading available on 16 global indices.
- Maximum leverage of 1:200.
Cryptocurrencies:
- CFD trading on major cryptocurrencies like Bitcoin, Ethereum, Litecoin.
- Offers up to 1:5 leverage.
Stocks:
- Trading available on over 1200 global markets.
- Commissions starting from 0.08%.
- Supports platforms including ThinkTrader and MetaTrader 5.
Precious Metals:
- Allows trading in spot prices of gold, silver, platinum, and palladium.
- Offers leverage trading against USD or EUR, with a maximum leverage of 1:500.
Soft Commodities:
- CFD trading in corn, soybeans, sugar, cocoa, coffee, and wheat.
- Offers low spreads and a maximum leverage of 1:100.
Trading Platforms of PH Markets Ltd:
PH Markets Ltd offers the MT5 trading platform for users, including both desktop and mobile versions.
Spreads, Leverage, and Commissions of PH Markets Ltd:
PH Markets Ltd offers a variety of leverage, spread, and commission structures to accommodate different trading needs and risk preferences. The Standard Account offers leverage up to 1:1000 and spreads starting from 1.5 pips, while the Star VIP Account provides lower spreads starting from 0.5 pips with no commission. Premium and ECN Pro accounts offer lower spreads but charge a commission of $3 per lot, supporting precise cost control and high-frequency trading strategies. This flexible structure allows traders to choose the most suitable account type based on their strategies.
Deposits and Withdrawals at PH Markets Ltd:
PH Markets Ltd supports deposits and withdrawals through payment methods such as MasterCard, NETELLER, Perfect Money, Skrill, VISA, and WebMoney.
Conclusion:
The PH Markets Ltd platform claims to be authorized by the National Futures Association (NFA) in the US, but it is actually an unregulated platform, raising questions about its legitimacy. For investors, it is crucial to prioritize compliance and regulatory safeguards when choosing a trading platform to ensure fund security and transaction transparency. Investors using PH Markets Ltd need to remain vigilant about its regulatory status and carefully assess the associated risks. PH Markets Ltd is listed as "Suspected Fraud" on TraderKnows.
