PTBanc Review

Is PTBanc Scam or Legit Broker?

No, it is not safe to trade with PTBanc. PTBanc doesn't disclose the name of the company behind the brand's name, as well as its regulation details. However, the terms and conditions on the website state that the company is under the Marshall Islands Governing laws.

• The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost being low, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Dax300, Finbitex, and more.

What is PTBanc?

According to the website, PTBanc provides sophisticated Forex and CFD solutions to institutional and private investors. It claims to be located in Luxemburg, however, the company is not regulated by its local regulator Commission de Surveillance du Secteur Financier (CSSF).

• Moreover, the CSSF has issued a warning against PTBanc in September 2018:

"The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named PtBanc (website: https://ptbanc.com/) which claims to be established at 2 A rue Albert Borschette, 1246 Luxembourg. The CSSF informs the public that PtBanc is unknown to it and that the entity has not been granted any authorization to provide investment or other financial services in or from Luxembourg."

• There is also one more warning, more recent, issued by the UK's Financial Conduct Authority:

"PT Banc is not authorized by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorization."

PTBanc Review Conclusion

We strongly advise all investors and traders to avoid PTBanc and other brokers from the Marshall Islands. Brokers with offshore licenses do not provide a sufficient level of safety and security, and signing with them might mean risking your funds. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as City Index and eToro.

PTBanc Update

Our research revealed that the PTBanc website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.