PBN Capital is a brokerage that has a shady history. They operate from the Marshall Islands and regulation wise, their status is laughable at best. Even the information regarding the owners of this firm is not clear and regardless of which way you look at them, there is mysteriousness present.
Lost Money to a Scam? Make Sure to Check Our Recommended Scam Recovery Services
In other words, they are not transparent and that is a big old red flag. User reviews are also terrifying and the consensus clearly shows us their real character.
At the time of publishing this post, this brokerage is nowhere to be found and we do not have a clue about the way they handled investor’s money. This entity did operate for a considerable amount of time, but it did not specifically benefit the end user for the most part.
To learn the reasons as to why you need to stay away from firms like this one, continue reading this detailed article.
Want to be kept updated regarding scams?
Is PBN Capital Regulated?
Online investing is risky, but choosing the wrong broker is nothing short of a nightmare. One should always research about the brokerage they are interested in and as a rule of thumb, always choose the regulated one.
Regulated firms often have less conflict of interest and they give utmost priority to the safety of the investors. PBN Capital is owned by Capital Tech Ltd which is operated by another firm that is based in Bulgaria called Pbox Ltd. We ran a deep search on all the associated firms, but guess what?
They are not listed under any financial regulatory body. Anyone that invests with them will be exposed to high risk and the chances of getting money back from them are indeed close to zero.
Offshore brokers will always offer more benefits compared to the regulated platforms, but do not let the gimmicks fool you. Remember, it is your duty to ensure the safety of your capital and that alone should be your number one priority.
Trading Conditions and Software
PBN Capital does not reveal any trading conditions unless you register with them. We have no clue about the spreads, average costs, swap rates, etc,. Lack of a demo account also acts like a red flag. Funnily enough, even leverage offered is not revealed upfront.
Assets offered are plenty, but without knowing the costs involved and the leverage factor, how can anyone proceed with them? Talk to the customer support before opening a position just to be on the safer side.
This broker supports MT4. Custom indicators and expert advisers can be used with this broker. Unfortunately, we do not know whether all types of trading strategies are allowed by them.
Spreads are said to be around 1.5 pips which is certainly on the higher side. Charting and drawing tools present are more than enough and users can add custom tools as well. In short, trading conditions are vague and the interface is more than adequate.
Swap Free Account
Brokers have learned to take a creative approach towards the clients. PBN Capital, just like many other brokers, offers Islamic accounts. Muslims do not like to receive interest as it goes against their beliefs.
To cater to the needs of the Muslim community, swap free accounts were invented. If you want to open a swap free account, then talk with the support team and they should help you with it.
Want to be kept updated regarding scams?
PBN Capital User Feedback
Before joining any new platform, users should look at the user reviews as they provide a good insight about the reality of the situation. Of course, few entities do manipulate the social proof to enhance their image. However, the truth just cannot be buried for long and eventually all the horror stories will surface on the web.
PBN Capital has got many mentions on forums and social media platforms. As expected, their reputation is not satisfactory by any means and people have lost too much money to them. Few traders are still struggling to get their capital back.
With just a few clicks on any search engine, people can find the user reviews about them and once you see the experience of other clients, it is a no brainer decision to walk away. After all, why would anyone indulge with a firm that blatantly causes harm to their own user base?
Deposit and Withdrawal
Information about the minimum deposit is not found on their platform. Generally, the amount required to get started with online brokers is around $250, but with this firm, we have no clue about the requirement.
Minimum withdrawal amount is also not stated and the processing time is not covered in-depth by them. Payment methods supported by them are debit/credit cards, bank transfer and e-wallets such as QIWI, OKPay, etc,. Lack of options like PayPal, Skrill and Bitcoin is also a deal breaker for many people.
Is PBN Capital a Scam?
PBN Capital is most likely a scam. They have taken money from numerous traders in the name of investment and have never held their end of the bargain. From using questionable tactics to high pressure marketing gimmicks, they have done everything a sketchy offshore broker does.
For any reason, if your money is still stuck with them, then take action immediately. Get in touch with us by filling out the form below. Let us know a few basic details about the incident and we will provide you with an actionable plan.
Our staff will do all the work and deliver the end result as quickly as possible. The best part is, we never charge for any of our services and that is how we would like to keep it for a long time.
Stay away from offshore brokers such as PBN Capital. These kinds of platforms will most likely cause you harm and ironically, the financial damage would be the least of your worries.
Be alert and walk away from any situation that pushes you towards making impulsive decisions. Remember, the regulated firms are always the best way to take advantage of the markets.
Have you lost money to PBN Capital? If yes, then get in touch with us immediately to start the recovery process.