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PFH MARKETS

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Embark on your forex trading adventure with PFH Markets, a well-regulated broker known for its competitive spreads, diverse trading platforms, and multi-asset offerings.

Operating status: SCAM

Website: https://www.pfhmarkets.com/

Broker violations and abnormal records
  • 2022-04-25 BrokersView has reviewed that PFH MARKETS is an unregulated forex broker

    PFH MARKETS claims to be a registered entity in two jurisdictions, including the UK Companies House (CH) with registration number 12427084 and Financial Services Authority (FSA) of Saint Vincent and the Grenadines (SVG FSA) with registration number 447 LLC 2020. 

    We did find a result matching this broker in CH, however, CH is the United Kingdom's registrar of companies, it is not the regulator that approves licenses for the brokers in the UK. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA.  However, this broker is not regulated by FCA as no regulatory information of this broker could be found in FCA's online registry. 

    As for the alleged registration with SVG FSA, it is nothing but a fake statement as we didn't find any matching results from SVG FSA. Moreover, SVG FSA does not issue any licenses for forex trading or brokers nor does it regulate or license international companies engaging in such activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered with or regulated by SVG FSA as they are actually unregulated.

    All in all, PFH MARKETS is not regulated by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    PFH MARKETS claims to be a registered entity in two jurisdictions, including the UK Companies House (CH) with registration number 12427084 and Financial Services Authority (FSA) of Saint Vincent and the Grenadines (SVG FSA) with registration number 447 LLC 2020. We did find a result matching this broker in CH, however, CH is the United Kingdom's registrar of companies, it is not the regulator that approves licenses for the brokers in the UK. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, this broker is not regulated by FCA as no regulatory information of this broker could be found in FCA's online registry. As for the alleged registration with SVG FSA, it is nothing but a fake statement as we didn't find any matching results from SVG FSA. Moreover, SVG FSA does not issue any licenses for forex trading or brokers nor does it regulate or license international companies engaging in such activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered with or regulated by SVG FSA as they are actually unregulated.All in all, PFH MARKETS is not regulated by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • 2024-01-23 The UK FCA issued a warning against PFH MARKETS

    On 24 January 2024, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that PFH MARKETS was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/pfh-markets-ltd-wwwpfhmarketscom

    On 24 January 2024, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that PFH MARKETS was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/pfh-markets-ltd-wwwpfhmarketscom

Related Complaints

Q&A

How much deposit should I make if I want to start trading with PFH MARKETS Classic Account?

Mistasolex
Chile
2022-06-15
ANSWER PFH MARKETS is not a licensed or regulated broker even though it states offers that look good to be true. PFH MARKETS claims it is owned and operated by PFH Markets (UK) Limited, a company registered in the Companies House of the United Kingdom (CH) with registration number: 12427084. We do find a match result to PFH MARKETS in CH, but CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation.As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to PFH MARKETS in FCA.The truth is, PFH MARKETS is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like PFH MARKETS and trade with licensed brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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