PrivateFX - PAMM broker
Johannes Röll
16 / February / 20
Visitors: 317
PrivateFX positioned itself as a new format broker, that uses PAMM accounts in its activities, which is not typical among brokers in Poland. It was created with help of Concorde Capital, which, according to the Thomson Reuters rating, was a leader among brokers in Eastern Europe in 2008.
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What kind of feedback did the Forex broker earned at the beginning of its existence? After the company appeared on the market, the attitude towards it was twofold - it was perceived as a kind of heir to the collapsed Forex Trend pyramid, so there were suspicions of a scam. PrivateFX itself claimed that brokers were connected only by the client base of the collapsed company and the investment products created by it. However, many PrivateFX looked meticulously, trying to figure out if they were scammers. But on the other hand, judging by the reviews of that time, many traders in Poland successfully began to work successfully with the company. In this regard, the broker earned NEUTRAL review |
Investment conditions from the PAMM broker
The company used Forex Trend investment instruments, the effectiveness of which was confirmed by the work of brokers for Poland. The innovation she introduced is the Active Investor auto-tracking system, which allows you to copy transactions.
• Amount for investments in a PAMM account - from $10;
• Amount for opening a PAMM account - from $500;
• Trading lot - from 0.01;
• Leverage - 1: 100
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What kind of feedback did the Forex broker earnedfor investment conditions? The reviews on the network were originally not bad, traders found the terms and conditions acceptable. In this regard, the broker earned POSITIVE review |
Deposit and withdrawal of funds
To carry out depositing funds to the account and withdrawing them, the company provided a whole arsenal of methods, including almost everything that brokers usually use for Poland:
• VISA and Master Card;
• Bank transfers;
• WEBMONEY;
• Neteller;
• QIWI.
The funds were credited instantly and without a broker's commission, with the exception of using a bank transfer, the receipt of which can take up to 3 days.
Withdrawal of money - up to 4 business days from the day of application submission, broker commission is not charged.
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What are the latest Forex broker’s reviews for depositing and withdrawing funds? After a certain time, the company began earn more and more reports of scam. After a period of profitable trading, it vividly resembled the scam of a collapsed Forex Trend pyramid. In 2017, there were reports that the company had stopped paying and chipped, and that law enforcement authorities had filed complaints against fraudsters. In this regard, the broker earned NEGATIVE review |
Customer service
The broker provides clients with:
• Demo account;
• Analytical market reviews on popular currency pairs.
The company did not provide training similar to that conducted by many brokers for Poland, its services were positioned as designed for traders with experience.
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What are the Forex broker reviews for the customer service? At the beginning, positive feedback was received from EU traders about the quality of service, but when the scam and problems with payments began, the mood of clients changed radically In this regard, the broker earned NEGATIVE review |
Trading platform
To work on Forex, the company offered Polish brokers the MetaTrader4 trading platform. Especially for the use of binary options, the broker provided a separate trading platform with simplified tools.
Johannes Röll
Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer
