PBA review

1 reviews.

Avarage rating: 5 / 5

Established in 2010, the PBA has expanded its geographic presence to include over 100 countries in its service footprint. The services are regulated by the financial Authority in Seychelles (“FSAS”) to provide broker-dealer services under the Securities Act 2007. A recipient of multiple industry awards, this market-maker offers a wide variety and number of assets, including equities, currency pairs, and cryptocurrencies.

There are several compelling reasons to choose this online trading destination, including its competitive spreads and commissions, choice of account types, enhanced charting, financial analysis tools, value-added functionality, and educational offerings.

PBA offers trading compatibility with MetaTrader 5 on both desktop and mobile devices. The brokerage platform also has a proprietary app that allows users to track their watchlist of tradable assets, perform technical analysis, and stay updated with the latest market news.

PBA Pros and Cons

Pros
• Multiple compelling account types to choose from
• Enhanced trading experience with a host of value-added tools
• A wide selection of trader resources and informational products
• Over 1000 stocks and almost 50 forex pairs available to trade

Cons
• Does not serve customers in the US and Canada
• No proprietary trading platform

Who Is PBA Recommended For?

Traders who appreciate flexibility in terms of minimum account balances, commissions, spreads, and ample liquidity will appreciate the variety of options available from this market-making offering. The additional tools that can be used with MT5 make pba-group a solid choice for users familiar with these industry-standard platforms and would like the convenience and utility of enhanced trading tools and valuable investor resources.

Top PBA Features

• Choose From six account types: Minimum deposits range between $5 and $250 across the various account types with spreads, leverage limits, and maximum order sizes that vary as well.
• Access market information and analysis: The company prides itself on the depth of trader education and market news it provides. This takes the form of videos, articles, a short trading course, and a selection of financial updates.
• Advanced trading tools: The MT5 trading experience is enhanced thanks to PBA’s technical analysis suite, trade execution, charting, and market sentiment features. The Autochartist tool offers AI-powered pattern recognition to assist users in timing their trades strategically.
• Enjoy an abundance of tradable assets:  PBA provides access to over 1000 securities, including 47 forex pairs, metals, energies, stock indices, cryptocurrencies, and ETFs. This selection is above-average for this type of market-maker and pricing structure.

PBA Compliance & Regulation

PBA Group Ltd. is licensed by the State Administration of Foreign Exchange (SAFE) Qualified Domestic Institutional Investors (QDII) License under “Maxwealth Fund Management Co., Ltd”.

In addition, PBA Group (Seychelles) Ltd. is licensed by the Financial Services Authority Seychelles (“FSAS”) to provide broker-dealer services under the Securities Act 2007

PBA Pricing

One of the first things that prospective users will notice about this broker is the multiple account types on offer. Each of these features a unique set of usage terms, including minimum deposits and trading costs.
In terms of costs per trade, commissions vary by account type. For instance, the Zero Account has low starting spreads but also has commissions on FX trading. Other accounts don’t have FX trading commissions, but indices, cryptocurrencies, ETFs, shares, and DMA stocks will feature commissions across account types. Moreover, while the Zero account features lower costs overall, it also comes with higher margin requirements.

This broker is regulated by several reputable financial services bodies outside the European Union and can offer relatively high leverage. Ratios of up to 300:1 and 1000:1 apply across the spectrum of accounts that comprise pba-group’s product lineup depending on the user’s geography and the applicable regulator. Despite this higher risk allowance, the brokerage provides reliable investor protection in line with global best practices, including segregated account structures and insured.

PBA Reliability & Security

Investors accustomed to navigating the MetaTrader 5 platform will have no difficulty setting up their accounts and should be trading within minutes. A demo account can be registered quickly for prospective traders who would like to test the system before committing.

PBA’s decision to forgo a proprietary web-based trading platform in favor of MetaTrader is well compensated for by the suite of advanced trading tools that it offers as an add-on to the popular trading software. Integrated market news, buy and sell indicators, charting, and technical analysis features are welcome additions to the trading experience, offering a tangible advantage for investors of all experience levels.

Any unexpected occurrences or queries that arise in the course of trading can be directed to the broker’s support team, open from 7:00 to 23:59, Monday through Friday. The time zone used is equivalent to GMT +2. Email and live chat support are available at times when customer service is closed.

The company has won several accolades, including a place in World Finance’s Top 100 Global Companies rankings and International Business Magazine’s Best Forex Trading Conditions Global 2020 award. Beyond the competitive trading conditions, they are known for excellent execution and deep liquidity, helping improve the offering for more advanced traders and those who prefer to copy trading strategies.

PBA User Experience

Ease of use, an intuitive and well-designed website, and speedy onboarding are some of the features that count in this company’s favor. However, it should be noted that this market-maker doesn’t currently operate in the US and Canada.

PBA stands out for its transparency and the quality of information it provides new and existing users. This includes in-depth breakdowns of the costs, margin requirements, and minimum deposits associated with each account type and the wealth of trading information available on the website.

Less experienced investors can sign up for an online course, read dozens of informative articles and eBooks, and watch brief but detailed videos on many topics. These include using the MetaTrader platform, trading strategy, how forex works, stock trading for beginners, and an introduction to technical analysis.

Final Thoughts on PBA

Traders in search of affordable trading platforms with low minimum account balance requirements are often faced with the prospect of limited functionality and investor information. PBA is an exception to this rule with its competitive pricing and highly professional trading setup.

New and experienced forex traders alike will benefit from the diverse range of accounts and asset classes available on the platform and the in-depth information and analysis features that are designed with virtually every type of investor in mind.

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Comments

5 5
18/12/2023, 12:46:38
I had trouble verifying my account and installing the platform, but my assistant explained everything with patience and helped me figure everything out in the end. I’m leaving this comment after 1 month of trading. I think it’s enough time to see this is a good broker. The spreads are relatively good compared to others, support is always there to help. I’m satisfied with my choice.

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