PBN Capital Review

Reason to avoid: Operates with no Regulation. Negative Reputation.

Listed Date: October 9, 2018

Top 3 Regulated Forex Brokers

Beware PBN Capital is a Non-Regulated broker. It is NOT SAFE to trade.

  • Company name: 

Capital Tech Ltd. Pbox Ltd.

  • Registration Address/ License:

Marshall Island. Sofia, Bulgaria. No License or Regulation.

PBN Capital is a trading name used by the company registered in the Marshall Islands – Capital Tech Ltd and operated by Pbox Ltd located in Sofia, Bulgaria. PBN Capital claims its offering of secured currency exchange systems on Forex and CFDs trading with a wide range of instruments, low fixed spread and no hidden commissions.

PBN Capital Review

However, there is a serious lack of regulation since the company is located in jurisdictions that do not imply strictest policies to the financial service firms. Yet, being operated from Bulgaria the broker should be registered with the local authority, and it is not the case of PBN Capital. Therefore, it is clear that the company is not overseen by any authority and operates with no license. Of course, it is not a guild, but the registration provides an advanced level of funds safety, while in case of an unlikely event client will be covered.

Moreover, offshore companies are highly vulnerable and, unfortunately, often are fraud entities that’s why it is always recommended to trade and invest only with Regulated brokers from such authorities like FCA (UK) or ASIC (Australia). The authority requires the strictest compliance to the rules and obligations towards clients and operation provided.

In addition to that, the company reputation is also under the question since the traders’ reviews are far beyond the positive ones. The broker showed its aggressive tactics to attract clients from various jurisdictions including Europe, Russian region, Asia and other, while clients reported numerous issues in operation and obvious scams. Also, the industry authority CONSOB, Italy issued a warning to international traders against PBN Capital and advising to avoid trading with the entity.

“Latest warning against Capital Tech Ltd has ordered the following company to cease the infringement of art. 18”

CONSOB, June 2018

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