PKG Global Review: An In-depth Analysis
Probably one of the worst trading websites we’ve ever seen is definitely owned by PKG Global broker. Besides the fact that it gives no information on the company owner and regulation, it doesn’t allow you to check basic information such as trading assets and a minimum deposit.
However, let’s see what we do know in our PKG Global review.
|Regulated by:||No license|
|Owned by:||PKG Global Limited|
|Headquarters Country:||UK (Allegedly)|
|Supported Platforms:||MT4, web trader|
|Types of Assets:||Commodities, stocks|
|Free Demo Account:||No|
|Accepts US clients:||No|
PKG Global Regulations and Security
PKG Global listed PKG Global Limited as the website owner. Therefore, we’ve done a little research and found a company registered in the UK. The first thing that bothered us was the registration date, 14th of May 2021, while the broker claims to have been present since 2017. Moreover, the company’s owner is of Chinese nationality, and the company is related to a Chinese-based entity. All this evidence is rather circumstantial and proves nothing, but knowing that there are more Chinese companies on the same address, including a couple of Forex scams, such as KSG Markets, was enough for us to decide.
As a final point, we need to mention that PKG Global is not FCA regulated.
Fund Withdrawal Issues
All the clients investing with PKG Global broker are required to make their deposits via Bitcoin. It looks like the company doesn’t want clients to be able to withdraw their funds in any way, so they do not provide depositing via legit payment methods such as credit card, wire transfer, or an E-wallet.
After making this deposit, clients cannot withdraw their funds since the broker knows their hands are tied. Everything is kept in crypto, and getting money back from a wallet is a lot more complex than from a regular bank. Beware of PKG Global scams and always make sure to invest using legit payment methods.
Besides the fact traders cannot access their funds, there are many complaints regarding broker’s trading offers. First of all, according to a website, clients can trade only with stocks and commodities, which is extremely limited. Other than that, the leverage is fixed at 1:100, against FCA regulatory rules.
So, yes, there are many complaints, and PKG Global is definitely not investors’ favorite.
How Does Online Trading Scam Work?
Being scammed online is, unfortunately, nothing new anymore. Scam companies defraud thousands of traders around the globe. Since the industry has significantly expanded over the years, regulators do not have time to check every new company until it’s too late and someone falls victim. After investing initial deposits, fraudsters such as PKG Global are sending an alleged financial adviser to bond with clients, discover all they have, and make a plan for them to invest their entire life savings.
If by any chance you go for that, you will never see a penny back.
Scammed by PKG Global?
If you were scammed by PKG Global, you should know that there is a solution. Yes, Bitcoin transactions are hard to reverse but not impossible. There are several things to try. Contact our support department and tell us your story during a free consultation and let’s see how to get your money back. Don’t let scammers walk away with your money!
What is PKG Global?
PKG Global is an online trading brokerage without financial regulation.
Is PKG Global a scam?
PKG Global is a fraudulent broker that accepts deposits only via Bitcoin.
Is PKG Global regulated?
PKG Global is not a regulated brand nor has any financial license.