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Drawing from my own experience in the forex and futures markets, I approach any broker with caution, especially those, like PGM, which lack clear regulatory oversight. PGM stands out to me as particularly risky because it operates without valid regulatory licensing, a fact that should not be underestimated. Regulation is not just a box-ticking exercise—it provides a framework to protect traders' funds, ensure transparency, and offer some recourse if disputes arise. Without that safety net, I find it nearly impossible to verify critical aspects like fund security, operational integrity, or the true quality of client support. PGM has been in operation for several years and appears to offer a variety of advanced platforms, such as CQG, Bloomberg, and Trading Technology, serving futures and forex clients globally. However, the technical sophistication of their platforms or product range does not offset the fundamental absence of regulatory scrutiny. The risk management index for the broker is also flagged as zero, which only deepens my concerns regarding their approach to safeguarding client deposits and positions in volatile market conditions. Given these factors, I would stress that anyone considering PGM should be fully aware that recourse options are severely limited if anything goes awry. In my experience, while high-level platforms tempt professionals, the lack of regulatory assurance introduces a level of risk that, for me, is difficult to justify. I only proceed with brokers who demonstrate a commitment to accountability and client protection through reputable licensing.