Company Profile
| PSFX Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Regulated by FinCEN |
| Market Instruments | Forex, indices, stocks, metals, commodites, cryptocurrencies |
| Leverage | Up to 1:400 |
| Spread | From 0.2 pips |
| Trading Platform | PSFX App, MT5 |
| Min Deposit | $100 |
| Customer Support | whatsapp number+44 78869 48654 |
| Address: Tower Plaza Hotel & Office Tower, Khalid Abdurahim Ahmad Al Attar Office, 2003 335 - Trade Center First, Sheikh Zayed Road, Dubai | |
PSFX was registered in Saint Vincent and the Grenadines in 2021. It offers trading in forex, indices, US stocks, EU shares, commodites, and cryptocurrencies with leverage up to 1:400 and spread from 0.2 pips via PSFX App and MT5 platforms.
Pros and Cons
| Pros | Cons |
| Diverse market instruments | / |
| Multiple account types | |
| Commission-free accounts offered | |
| Low spreads | |
| Support MT5 | |
| Popular payment options |
Is PSFX Legit?
PSFX is regulated by the Financial Crimes Enforcement Network (FinCEN), a U.S. Department of the Treasury agency tasked with combating financial crimes such as money laundering and terrorist financing. Licensed under Financial Service regulations (License No. 31000298798038), PSFX is authorized to operate financial services in the United States.
What Can I Trade on PSFX?
PSFX offers various trading instruments, including 103+ forex, 3+ indices, 55+ US stocks, 14+ commodities, 124+ cryptocurrencies, and 32+ EU shares.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types/Leverage/Fees
| Account Type | Executive | VIP | Pro |
|---|---|---|---|
| Min Deposit | $100 | $15,000 | $30,000 |
| Max Leverage | 1:400 | 1:400 | 1:100 |
| Spread | From 1.4 pips | From 0.9 pips | From 0.2 pips |
| Commission | ❌ | ❌ | 60 per million on FX |
| Swap | Swap free for 10 days | ||
| Min Trade Size | 0.01 for Forex and Metals | 0.01 for Forex and Metals | 1 Standard lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| PSFX App | ✔ | / | / |
| MT5 | ✔ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
PSFX does not display its payments on its website.
Drupad
India
I had a really great experience with PSFX, an excellent broker! Recommend them to everyone!
Positive
FX2675850122
India
I have been associating with PSFX about an year now completely satisfied with their service
Positive
Cornelia Van Drusen
Netherlands
PSFX, a reliable broker in Saint Vincent, offers 300+ instruments. Executive account at $100 is a steal. Demos for practice. Be cautious with 1:400 leverage. MT5 platform and support are top-notch. Thumbs up!
Neutral
FX1527844142
Australia
PSFX rocks with 300+ instruments, including Currency Pairs, Stocks, Metals. VIP account at $15,000 is swanky. Demos for newbies, but watch out for 1:400 leverage. Overall, diverse choices and solid support!
Neutral
klean
United Kingdom
After spending a lot of time on the site, they appear to be a new brokerage that has just launched, and the trading conditions look good. But they are not regulated and do not offer demo accounts. I don't feel safe dealing with them. Be careful.
Neutral