PTOUNZ has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The mobile app from PTOUNZ is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Wide product range|Intuitive for beginners|Competitive fees|Full transparency
Cons: Desktop app not available on Linux|Limited social trading features
I have been trying to close my account with PTOUNZ 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: Good mobile app|Competitive fees|Dedicated account manager|Quick verification
Cons: Help articles are sometimes vague
The spread at PTOUNZ is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Risk management tools|Detailed reporting|Quick verification|Wide product range
Cons: Onboarding videos are outdated
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. PTOUNZ said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: High security standards|Transparent fees
Cons: Alert system is basic|Nothing significant
My withdrawal from PTOUNZ was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since early this year of being strung along.
Pros: Intuitive for beginners|Social trading features
Cons: Inactivity fee applies after 12 months|Limited demo account features
My card was charged twice by PTOUNZ on the same day. I had to dispute it with my bank. PTOUNZ then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Great customer service|Multi-device support|Professional team
Cons: No live chat on mobile
Several red flags with PTOUNZ: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Financial Markets Authority|Cannot verify credentials
I invested $2,000 with PTOUNZ after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized