Pegsec Review – Everything You Need To Know Before Investing Here

Pegsec company is under the ownership of Pegasus Securities S.A. registered in Greece. The company exists for more than 30 years and it’s established among domestic investors.

With access to the Athens stock market you can trade with numerous shares and bonds. Yet, if you are looking for some more volatile options like commodities or crypto you have to look elsewhere. For that reason, it’s worth checking our Pegsec review.

Is Pegsec legit?

Generally, yes. The company exists since 1990 and operates without any dark spots in the sheets. On top of that, the company is licensed in Greece where they are registered. In this case, it’s Hellenic Capital Market Commission. However, if you are coming from other countries, you might as well look for other options.You can check brokers with a CySEC license, such as FxGrow.

What’s strange is that the company doesn’t have any user-experience reviews available online. Also, the company’s website is still listed as unsafe. 

Who are Pegsec’s clients?

As can be seen, the company operates since 1990. For such a long period of time, they managed to build strong relationships with clients. But mostly with ones coming from:

• Greece
• Colombia
• India

In general, nobody reported any issues with this company, but if you find any irregularities feel free to let us know.

Leverage, Commissions, Spreads, Fees and Taxes

Considering that this is an investment firm, there is no leverage available. Unfortunately, all the other costs like commission and fees remain unknown with this company. This is quite rarely possible with Tier 1 licensed brokers.

Bonuses

On the positive side, Pegsec doesn’t offer any kind of bonuses. In general, bonuses are widely banned in Europe due to misleading clauses. In this case, investors don’t need to worry about those.

Pegsec Trading Features

The company offers various investment options, but the main ones are investments in stocks and bonds. For that purpose, the company is using a proprietary platform, the ZTrade app.

Trading Platforms Available

Considering that this is not a standard brokerage, we can’t expect standardized investment options, such as cTrader or MetaTrader. Yet, the company provides ZTrade software for electronic transactions.

Unfortunately, for more than 30 years of existence, the company only has just over 500 downloads on the PlayStore.

Available Trading Assets

In general, the company only offers 2 instrument classes. Those are:

• Stocks ( Alibaba, Deutsche Bank)
• Bonds (QQQ, Russell 2000)

However, many other European brokerage companies offer way more tradeable assets. Most importantly, with even more transparent investment conditions.

Account Types

Pegsec company doesn’t have standardized account types. Instead, everyone gets the same investment conditions. However, the procedure for opening an account is quite unclear.

Mobile Trading App

Even though the firm offers mobile apps for iOS and Android devices, it doesn’t seem popular. In this case, it’s quite a shame for the company that exists for so long. Yet, there must be something that they are good at.

Demo Account

Investment firms like Pegsec don’t offer demo accounts. Most of the time it’s because they are offering direct market access. However, there is ZTrade app with Pegsec and still, there is no demo account available.

Education

If you check any other Tier 1 licensed brokerage you will realize how much educational material they have. Whether for stock investing, trading strategies and many more. In this case, Pegsec doesn’t offer any kind of education for its investors.

Pegsec Withdrawal

In general, Terms&Conditions are designed to be boring papers with a lot of legal stuff. In this case, it is quite the opposite. Pegsec doesn’t offer anything more but 3 generic sentences about their services.

Thus, there is no available information about funding procedures, not to mention withdrawal options, processing time and fees. For the company working according to the MiFID II directive that’s quite strange.

Customer Support

Customer experience plays a key role in choosing the company nowadays. If you don’t have proper assistance everything falls down the train. The most popular options with Tier 1 licensed brokers are live chats and quick contact options.

In the case of Pegsec company, investors can only reach them via e-mail and phone number. Thus, there is only one phone line available. Important to realize is that you can’t reach the company 24 hours on weekday. Instead, they are available from 9 AM to 5:30 PM (GMT +3). But only on weekdays, while the weekends are off.

Key Information To Consider About Pegsec

Even though the company has trusted domestic regulations they are not transparent as expected, unlike many other Tier 1 licensed investment companies On top of all, investors are limited to few investment options and quite non-transparent investment conditions. If you check any FCA, CFTC or BaFin licensed broker you will understand the difference. While some EU regulators are valid, they’re also known for loose supervision. Just take a look at Vestle, a CySEC-licensed broker with numerous issues.

If you need assistance in choosing the right company or assistance in withdrawal procedures, we are available for consultation. With Pegsec, you shouldn’t have any issues but if you come up with any irregularities feel free to book your consultations. Our experts are there to advise you on further steps that are solely in your interest. Live chat is active, and don’t hesitate to get in touch now!

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