PFM Trading has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: New World Centre No 6009 Yitian Road Futian District 22nd Floor Shenzen Guangdong China 518035 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: pfm-trading.com.
I have been trying to close my account with PFM Trading for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Fast execution|Competitive fees|Dividend tracking|Smooth onboarding
Cons: Live chat only during business hours
Do not believe the bonus offer from PFM Trading. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through my accountant's suggestion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Demo account available|Comprehensive tools
Cons: Search feature is basic|Nothing significant
I joined PFM Trading after hearing about them at a conference and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Stable platform|Market news feed|Real-time alerts
Cons: Website design could be more modern|Onboarding videos are outdated
PFM Trading advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Economic calendar|Easy withdrawals|Automated trading options
Cons: No integrated tax optimization
The onboarding at PFM Trading was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Detailed reporting|Reliable uptime|Instant funding
Cons: Inactivity fee applies after 12 months