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PFGForex.com Review 2025

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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.

User Satisfaction i

Score:
2/10

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sudan
50 weeks ago

For two months, I tried to resolve an issue that led to significant losses. I couldn't close orders because the trading platform wasn't responding to commands. Support promised to investigate it but wasn't in a hurry. Eventually, they concluded that the technical glitch was on my end. I decided to end my collaboration with this broker and requested a withdrawal of all funds. They blocked my account, and the support team did not respond to my inquiries. This brokerage company is a scam that steals clients' funds.

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KURNIASIH2011
1 year ago

When I first decided to work with PFGForex.com, everything seemed promising. I bought shares of several companies and made decent profits. One day, a manager contacted me and suggested increasing profitability by buying more shares, which he claimed would significantly rise in value over time. However, it required additional funds. I deposited money and purchased the recommended shares, but they quickly started to fall in price, resulting in a loss of over $7,000. I blamed myself for listening to the manager, but everything seemed very suspicious. It felt like everything was deliberately done to make me lose my investments.

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moradi
1 year ago

Forex trading with PFGForex.com brought only disappointments. They persuaded me to open an account, promising extremely narrow spreads if I deposited $5,000. I believed but saw no reduced commissions. Furthermore, the manager insisted on opening trades that seemed dubious. I have enough experience in currency trading, so I don't need others' advice. In a couple of months, I managed to earn $800 and decided to withdraw it, but I only received $500. After multiple support inquiries regarding the incomplete money withdrawal, my account was blocked altogether. PFGForex.com is a scam that freely steals traders' money.

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preets165
1 year ago

PFGForex.com did not pay me $2,300. Support stated that scalping is prohibited, but as far as I know, the rules do not mention restrictions on various trading strategies. Moreover, I inquired about this in support before registering the account, and they informed me that PFGForex.com allows scalping. I am sure this broker is a scam, looking for reasons not to pay money. I wrote many reviews about PFGForex.com on different platforms so that other traders would not deal with these scammers and thieves.

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Razie
1 year ago

PFGForex.com raised suspicions from the start because I couldn't find information about a license on the website. However, a manager convinced me it existed and even sent a screenshot via WhatsApp. I believed, opened an account, and started trading. In the first three weeks, I managed to earn $250. I decided to deposit a larger sum to increase profits. However, when I tried to withdraw the profit, my request was frozen, and support stopped responding. When I logged in a few days later, all the money was gone. PFGForex.com stole over $6,000 from me. While trying to recover the funds, the company's website closed.

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essesepetle
1 year ago

During the first few months of trading with PFGForex.com, there were no serious issues. The platform worked smoothly, spreads were acceptable, and money withdrawals took 2-3 days. However, the situation changed soon. Trading conditions noticeably worsened - commissions increased, and leverage was cut in half without warning. Support claimed that such changes were within the company's rules. I decided to find another broker and requested a fund withdrawal. However, my account was closed, and the support team did not respond to my inquiries.

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nicotien
1 year ago

Initially, I earned well with PFGForex.com on currencies. I chose not to withdraw profits but reinvested them into trading. However, there were glitches in the trading platform, which frequently froze and didn't respond to commands. I contacted support, but the problem wasn't resolved. Then, the broker closed some of my positions at a loss without my knowledge. Support stated that the company had the right to close positions without warning. Trading became impossible under such conditions, so I decided to withdraw funds. I requested $4,500 but received only half. Despite multiple messages to the broker’s support, I never received a response regarding the remaining amount.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

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