Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Elio Matacena
Within 1 year

Can I trust PGM as a legitimate and secure broker to trade with?

Broker Issues
PGM
Regulation
04-09
United States
WikiFX
Reply

Having traded forex independently for years, I’ve learned to scrutinize broker credentials and regulatory standing before risking my funds. With PGM, several aspects immediately stood out to me as caution signals. Most significant is that PGM is currently unregulated—there’s no valid regulatory oversight. This absence leaves traders without the recourse and protections that come with regulated environments, which I always view as a fundamental risk factor in safeguarding my capital and personal data. Despite offering access to renowned trading platforms and a decent range of futures and forex execution services, these features alone are not enough to compensate for the heightened risk associated with a lack of regulation. From my perspective, transparency, oversight, and regulatory accountability are non-negotiable when assessing broker credibility. PGM’s "suspicious regulatory license" and “suspicious scope of business” compound my concerns, making me question the reliability of their operations. While the platform can provide tools suited to professional traders, the high potential risk is not something I can overlook. For me, the security of my deposits and the integrity of trading processes matter more than the breadth of services or platform sophistication. I would only consider brokers with solid regulatory credentials and a proven record of compliance. In summary, I exercise considerable caution with PGM and would advise any trader to carefully weigh the risks before engaging.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com