Brief Look at PFGForex.com
PFGForex.com is a UK company founded in 2000. This broker was not regulated and did not have licenses, so it provided services without legal authorization. PFGForex.com offered trading in currencies, indices, commodities, metals, and energies. In 2012, the company declared bankruptcy and and ceased operations without reimbursing traders.
Throughout its existence, PFGForex.com clients encountered numerous issues. Initially, there were complaints about unstable trading platforms, high commissions, and incompetent customer support. The situation deteriorated further, with mass account bans and the non-return of funds. Consequently, PFGForex.com was identified as a fraudulent entity and blocked by the NFA (National Futures Association of the U.S.). The company was prohibited from conducting transactions, except for closing existing orders, and was prevented from accepting further funds from traders.
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