PM Group 365 or Vestrpro Group LTD is established in 2022. Their official address is in Cyprus and that would be a good start. Of course, if the same address is in the CySEC register.
With their activities present worldwide, they have built quite positive feedback. At least according to the customers. But to find out if all that is true, keep reading this detailed PM Group 365 Review.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Pmgroup365.com |
| Have Warnings from: | ASC |
| Registered in: | Cyprus |
| Operating since: | 2022 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | 1:10 |
| Minimum Deposit: | $250 |
| Deposit Bonus: | Up to 80% |
| Trading Assets: | Forex, Commodities, Indices, Shares, Cryptocurrencies |
| Free Demo Account: | N/A |
| How to Withdraw from This Company? | Considering fake regulatory statements you should avoid this broker at all costs. In case you have withdrawal issues, don’t hesitate to contact our experts for help. |
Legal info: Is PM Group 365 Legit or a Scam?
As the company states, the PMGroup365 trading name belongs to Vestpro Group LTD. This company is incorporated in Seychelles, a well-known offshore country. Moreover, they share their registration number: 219970. However, the FSA of Seychelles doesn’t have any records about this broker. Neither does any other trusted regulator like FCA, CySEC, ASIC or BaFin.
Instead, Canadian regulators issued a warning against this company. It seems like many traders reported pmgroup365.com for scam activities.
Traders’ Experience With PM Group 365
In general, like anything else reviews can be fake. It’s hard to determine who to trust or not. Therefore, it’s best to equip yourself with knowledge and make your own opinion.
For instance, the PM Group 365 broker has already 158 comments on Trustpilot. Almost 90% of those are with positive experiences. However, many discrepancies don’t back up this story. In case you were one of the victims of this broker, feel free to contact our team for advice.
Who Are PM Group 365 Clients?
PM Group 365 scam is spreading worldwide. Their victims mainly come from:
- South Africa
- United Kingdom
- Canada
- Ireland
If you had any troubles with this broker it can’t hurt you to consult with experts. Book your consultation already today.
Leverage, Commissions, Spreads, Fees and Taxes
Another key point is the trading costs. Even though the broker claims to have “zero commission” on all accounts, they are not obligated to comply with it. Many things are not according to regulations, why miss this one?
Important to realize is that the company is hiding spreads and trading fees. On the positive side, the leverage is 1:10, while the maximum allowed in Europe is 1:30.
PM Group 365 Trading Features
Trusted brokers often provide access to third-party software, such as cTrader or MetaTrader with millions of downloads in stores. On the contrary, shady brokers often hide their software. This is exactly the case with PM Group 365 broker. They briefly mention that they offer a web trader. Thus, without a demo account, it’s hard to check its possibilities.
Available Trading Assets
Overall, tradeable instruments are quite solid. However, that doesn’t make any difference because the broker is misleading traders about regulations. Nevertheless, you can trade with:
- Forex: USD/JPY, AUD/NZD
- Commodities: silver, platinum
- Indices: ASX200, FTSE100
- Shares: Apple, Microsoft
- Cryptos: ETH, XRM
Account Types
Another scam sign is the PM Group 365 account type offer. There are 5 different ones, with a scaling minimum deposit requirement. Those are:
- Main – $250
- Bronze – $2.500
- Silver – $10.000
- Gold – $25.000
- Platinum – $50.000
Considering PM Group 365 headquarters, there should be some compliance with European regulations. Yet, the company goes against those and offers a welcome bonus.
Mobile Trading App
Sadly, no. Traders can only access their accounts through the browser. That’s why we recommend using Tier 1 licensed brokers with trusted software.
Demo Account
Unfortunately, a demo account is not available with the company. Therefore, you can’t check if any of their conditions are realistic or not. Instead, you can focus on licensed brokers and choose risk-free options there.
Education
Education with non-licensed brokers is a two-edged sword. They can manipulate your thoughts into believeing something they want. Luckily, PM Group 365 broker only offers general articles about trading.
PM Group 365 Withdrawal
Without transparent legal documents and a withdrawal policy, you can expect different issues. Besides positive reviews, there is nothing else pointing to the legitimacy of this broker. Before you throw your money away, you can compare this broker to the others and make your own opinion.
We can help you with that. To understand different offers better, you can read our Beurax and BizzTrade reviews.
Customer Support
According to the broker, the support is available 24/5. As for the contact options you have many. Those are phone lines for different countries, e-mail, contact forms and social media.
Key Information To Consider About PM Group 365?
The key thing you should consider is their missing regulations. Without it, you can expect many issues. In the first place, let us know about your experience with the broker. If you had any troubles, there are people with a solution. Also, don’t miss out to report it to the authorities because that’s the fastest way to expose swindlers.
However, many chargebacks and fund recoveries are done by experts. To find out more about how that can help in your case, you can book your first free consultation with us.
FAQ
Is PM Group 365 Scam or a Legit Broker?
PM Group 365 is a scam broker because they are misleading about regulations and a warning is issued against them.
How PM Group 365 Scams Its Victims?
The company most likely offers unrealistic investment opportunities and they manipulate data to make you believe in results and deposit more money.
How Can I Recover Funds From My PM Group 365 Account?
It all varies on the funding methods. For that reason, we are offering free first consultation with our expert team about the recovery. Get in touch today.
