PNP: How to Spot the Red Flags of a Financial Fraud

PNP is a relatively new broker, founded in 2022. The company’s website claims that it is headquartered in Seychelles, but there is no evidence to support this claim. PNP does not have a physical address or phone number, and its contact information is not clear.

Does PNP Have Any License?

No, the PNP does not have any licenses or regulations. The company is not registered with any financial regulator, including the Financial Conduct Authority (FCA) in the UK, the Securities and Exchange Commission (SEC) in the US, or the Australian Securities and Investments Commission (ASIC).

Is PNP Regulated By Any Authority?

No, PNP is not regulated by any authority. The company claims to be regulated by the Financial Services Authority of Seychelles (FSA), but the FSA has denied this claim.

Pros and Cons

Pros:

• The minimum deposit is low.
• The trading platform is user-friendly.

Cons:

• The company is not licensed or regulated.
• There are many complaints from traders who have lost money.
• The company’s contact information is not clear.

How Does PNP Reach To Their Prey?

PNP uses a variety of methods to reach potential victims, including:

• Online ads
• Social media
• cold calls
• Spam emails

The company often targets people who are new to forex trading or who are looking for a way to make quick money.

Technical Details

Minimum Deposit:

The minimum deposit for a PNP account is $150.

Trading Platform:

PNP uses the MetaTrader 4 platform, which is a popular and well-respected trading platform.

Spread:

The spreads on PNP are competitive, starting at 1.0 pips on major currency pairs.

Leverages:

PNP offers leverage up to 1:500. This means that you can control a position worth $5000 with a deposit of only $100.

Packages and Products They Offer

PNP offers a variety of trading packages, including:

• A basic package with no commissions
• A standard package with low commissions
• A premium package with no spreads

The company also offers a variety of products, including:

• Forex trading
• CFD trading
• Cryptocurrencies

Withdrawal and Deposit Method

PNP offers a variety of withdrawal and deposit methods, including:

• Credit cards
• Debit cards
• Wire transfers
• E-wallets

What Do Their Previous Traders Say?

There are many complaints from traders who have lost money with PNP. These complaints allege that the company is a scam and that it has refused to allow traders to withdraw their funds.

Summing Up- Why Should Not You Trust PNP

There are many reasons why you should not trust PNP. The company is not licensed or regulated, there are many complaints from traders who have lost money, and its contact information is not clear. If you are considering trading with PNP, I urge you to reconsider. There are many legitimate forex brokers out there that you can trust.

If Bad Things Happen, Where Can You Get The Quick Solution?

If you have lost money with PNP, you may be able to get your money back through a chargeback or by filing a complaint with the Financial Ombudsman Service (FOS) in the UK. You can also contact us for help.

You will get a free consultation from our experts. Also, our experts will provide you with some recovery service recommendations to help you in recovering the lost funds.