PGM

PGM Information

Established in Australia in 2015, PGM offers a wide range of trading assets including forex pairs, indices, commodities, and precious metals.

With over 10,000 trading varieties, competitive spreads, and leverage up to 1:400, the platform serves traders of all experience levels. While regulated by Australian authorities, offering negative balance protection, and featuring the MetaTrader 4 and MetaTrader 5 platforms, PGM provides a robust trading environment.

Regulatory Status

PGM is regulated by the Australian Securities and Investments Commission (ASIC), one of the most respected and stringent regulatory bodies in the financial world. Operating under an FX (STP) license, PGM holds License No. 470050.

Pros and Cons

Market Instruments

PGM offers a wide range of trading assets, providing traders with ample opportunities across various markets. Futures, stock market indices, and foreign exchange (forex) are among the prominent assets available, allowing investors to engage in speculative trading or hedging strategies.

Additionally, traders have access to bulk commodities and precious metals, enabling participation in markets influenced by global economic trends and geopolitical events.

With over 10,000 trading varieties, PGM grants traders full access to a wide array of CFD products, further enhancing portfolio diversification and risk management capabilities.

Account Types

PGM offers three accounts for traders:

The CENT Account is tailored for traders who are just starting and may have limited capital. With a minimum deposit of $100 USD and a minimum spread of 2.2 pips for EUR/USD, this account type offers accessibility and flexibility. It allows traders to enter the market with smaller investments while still benefiting from features like negative balance protection and a maximum leverage of 400 times. The implementation category of Instant/STP ensures quick execution of trades, making it suitable for beginners who prioritize ease of use and straightforward trading processes.

On the other hand, the STP Account appeals to a broader range of traders, offering competitive trading conditions with a minimum deposit of $300 and a minimum spread of 1.6 pips for EUR/USD. With features such as negative balance protection and access to the MT4 trading software, this account type provides a balance between affordability and functionality.

The Instant/STP implementation category signifies efficient trade execution, making it suitable for both intermediate and experienced traders who seek reliability and competitive pricing.

Lastly, the ECN Account is designed for experienced traders who require direct access to market liquidity and prefer tight spreads. With a minimum deposit of $5,000 and a minimum spread of 0.5 pips for EUR/USD, this account type offers premium trading conditions.

How to Open an Account?

Here are the steps to open an account with PGM:

1. Visit the PGM website: Go to the official PGM website using your web browser.
2. Choose account type: Select the type of account you want to open based on your trading preferences and experience level. Options typically include CENT, STP, and ECN accounts.
3. Click “Open an Account Now”: Look for the “Open an Account Now” button prominently displayed on the website and click on it.

1. Fill out the registration form: You will be directed to a registration form where you need to provide personal details such as your name, email address, country of residence, and contact information.
2. Verify your identity: Follow the instructions to verify your identity. This usually involves uploading identification documents such as a passport or driver's license, as well as proof of address.
3. Fund your account: Once your identity is verified, you can fund your account using one of the available deposit methods, such as bank transfer, credit/debit card, or online payment processors.

Leverage

PGM offers a maximum leverage of 400 times, allowing traders to amplify their trading positions significantly.

Spreads & Commissions

PGM offers competitive spreads and commissions across its different account types.

The CENT Account features a minimum spread of 2.2 pips for EUR/USD, making it suitable for beginners with smaller trading volumes and a focus on affordability.

In contrast, the STP Account presents tighter spreads, with a minimum of 1.6 pips for EUR/USD, appealing to traders seeking a balance between cost-effectiveness and functionality.

For experienced traders looking for the lowest spreads, the ECN Account stands out with a minimum spread of 0.5 pips for EUR/USD, albeit requiring a higher minimum deposit.

Trading Platform

PGM offers two of the most popular forex trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

MetaTrader 4 is renowned for its advanced technical analysis tools and flexible trading system, making it a preferred choice for millions of traders worldwide. Its superb trading system allows for the execution of complex trading strategies, including the use of pending and stop-loss orders and trailing stops, irrespective of prevailing market conditions.

With nearly 3,000 indicators, 24 analytical objects, and customizable dynamic charts, MT4 provides powerful analytical tools to assist traders in making informed decisions.

On the other hand, MetaTrader 5 offers a diversified trading platform that integrates global financial markets, making it suitable for trading forex currency pairs, stock futures, and other financial products. MT5 boasts a powerful trading software with complete tools for trading across multiple markets and a flexible trading system supporting various order types and execution modes.

Furthermore, its professional chart quote analysis features, including 21 timeframes, over 80 technical indicators, and the ability to open 100 charts simultaneously, empower traders to identify trends and customize their trading experience effectively.

Deposit & Withdrawal

The minimum deposit requirement varies based on the chosen account type.

For the CENT Account, which features a minimum spread of 2.2 pips for EUR/USD, the minimum deposit is $100 USD.

The STP Account, with a tighter minimum spread of 1.6 pips for EUR/USD, requires a minimum deposit of $300.

Meanwhile, the ECN Account, characterized by its minimal spread of 0.5 pips for EUR/USD, necessitates a higher minimum deposit of $5,000.

Customer Support

PGM provides comprehensive customer support via email and social media channels.

For general inquiries, traders can reach out tocn.support@pgmfx.com. Additionally, for recruitment-related matters, the email address iscn.hr@pgmfx.com.

PGM also maintains a presence on Facebook, Instagram, and Twitter for further assistance and updates.

Educational Resources

PGM offers simple educational resources, including a community and expert advisor support, enabling traders to share insights and strategies.

Additionally, traders benefit from timely market, trading, and company news updates, facilitating informed decision-making.

FAQs

1. What account types does PGM offer?
2. PGM offers three main account types: CENT Account, STP Account, and ECN Account.
3. What is the minimum deposit required to open an account?
4. The minimum deposit varies depending on the account type: $100 USD for CENT Account, $300 USD for STP Account, and $5,000 USD for ECN Account.
5. Which trading platforms are available on PGM?
6. PGM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), renowned for their user-friendly interfaces and advanced charting tools.
7. Does PGM offer negative balance protection?
8. Yes, PGM provides negative balance protection for all accounts, ensuring traders do not incur losses beyond their account balance.