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    Home » PNL Advanced Review: Discover More About This Broker
    Overview of scam broker PNL Advanced
    Fraudulent Brokers
    FinTopiAuthorBy FinTopiAuthorMarch 20, 2023Updated:June 14, 2023No Comments5 Mins Read

    PNL Advanced Review: Discover More About This Broker

    PNL Advanced website might give the illusion of legitimacy, but appearances can be deceiving. That is a fact! This fake firm lacks credibility and any proof of a legitimate forex license. Its anonymity only adds to the list of red flags. 

    If you’re thinking about trading FX pairs, indices, and shares under the professional conditions advertised, it’s time for a reality check. Before you jump in, read this PNL Advanced review to gain a clearer understanding of this entity.

    LeverageN/A
    RegulationNo
    HeadquartersN/A
    Minimum Deposit$5000
    Review Rating1/5
    Broker TypeFX
    PlatformsWeb Trader
    SpreadN/A

    Table of Contents

    • PNL Advanced Compliance and Safety
    • Trading Platforms
    • PNL Advanced Trading Instruments
    • Types of PNL Advanced Accounts
    • Deposit and Withdrawal Procedure
    • How Does This Scam Operate?
    • Recommended Foreign Exchange Brokers
    • Final Verdict
    • FAQs About PNL Advanced Broker

    PNL Advanced Compliance and Safety

    Broker PNL Advanced operates anonymously, leaving us in the dark about its owner, legal jurisdiction, and trading license – a big red flag.

    We checked with top financial regulators, including the FCA, ASIC, BaFin, and others, but found no evidence of any regulation. Legit brokers are required to hold at least one license, which comes with strict requirements such as minimum capital, fund segregation, and secure liquidity providers. ESMA rules also limit leverage to 1:30 in the FX market within the EEA.

    FMA warning on PNL Advanced

    Unregulated firms, like PNL Advanced, are often scams looking to run off with your money. They ignore the necessary expenses and regulations that legit firms must follow. Be wary of such schemes.

    Trading Platforms

    What about the trading platform? We discovered a WebTrader that runs directly from your web browser – no installations are required.

    While web-based software may have some conveniences, it falls short compared to trading platforms like MT4, MT5, or cTrader. WebTrader only offers basic charts and indicators, lacking cutting-edge features such as social trading for example. 

    If you’re looking for a thorough trading experience, the PNL Advanced platform may not be the most suitable choice.

    PNL Advanced Trading Instruments

    The broker presents four distinct categories of tradeable assets. Let’s take a look at them: 

    • Forex: From EUR/USD to NOK/ILS, explore the world of currency trading.
    • Indices: Dabble in indices such as the NASDAQ, AU200, and BE20.
    • Shares: Invest in top names like Amazon and BMW.
    • Commodities: Get in on the action with gold, natural gas, and crude oil.

    However, one notable absence from the broker’s offerings is crypto assets. This is a terrible omission. 

    Types of PNL Advanced Accounts

    This fraudulent broker presents a menu of 6 account options, each more questionable than the last:

    • Rookie: Get started with a deposit of $5,000
    • Basic: Up the ante with a $25,000 deposit
    • Elite: A $100,000 deposit unlocks the elite level
    • Elite Plus: A $250,000 deposit grants Elite Plus status
    • VIP: a minimum deposit of $1 million
    • Upon Request Account: allegedly tailored to your every whim

    These account types are nothing but a facade. This broker wants to extract as much money from you as possible before vanishing with your hard-earned money.

    Deposit and Withdrawal Procedure

    PNL Advanced broker claims to offer the following withdrawal options:

    • Debit/credit card: With a fee of 25 units
    • E-wallet: A 25-unit fee, plus a 10-unit processing fee
    • Wire transfer: A hefty fee of 50 units

    But don’t be fooled by their seemingly innocent fee structure. Hidden in their Deposit and Withdrawal Policy are exorbitant fees that make it nearly impossible to access your own hard-earned funds. Also, let’s not forget about the catch! 

    Beware that accepting a bonus from PNL Advanced means you must repay the amount of the bonus plus your initial deposit 25 times before being eligible for a withdrawal. Good luck navigating this maze of deceit without the help of legal representation.

    How Does This Scam Operate?

    Scammers are sneaky and use many tactics to deceive people. One of the most typical methods is to create fake investment sites that appear legitimate. The goal is to make you believe that they are genuine brokers, but in reality, they are not. 

    When you come across one of these sites, they may ask for your personal data, including your contact details. And once they have that information, scammers will hound you with calls, trying to convince you that they are the solution to all your investment woes. 

    Sadly, you will never see any returns and will struggle to withdraw your funds. But it’s important to remember that scams can happen to anyone, and there’s no need to feel ashamed about reporting one. Stay vigilant and protect your money!

    Recommended Foreign Exchange Brokers

    The following FX brokers are reliable and offer a secure trading environment for their clients. These brokers have a reputation, and they adhere to strict regulatory standards to ensure the safety of clients’ assets. Let’s take a look at them! 

    BrokerCountry,RatingMin. DepositWebsite
    FXTM BrokerCyprus, UK, Mauritius4.5$10Forextime.Com
    OctaFX BrokerCyprus, SVG4.4$100OctaFX.Com
    FP Markets BrokerAustralia, Cyprus4.7$100FpMarkets.Com
    XM BrokerCyprus, Belize, Australia4.7$5XM.Com
    HFM HF Markets BrokerCyprus, UK, South Africa, UAE, Kenya4.3$5HFM.Com
    FBS BrokerCyprus, Belize, Marshall Islands4.85$100FBS.com

    Final Verdict

    PNL Advanced is a broker that has no license. Moreover, they are not regulated by any entity. Besides all of that, they have manipulative trading software. The fact that they don’t have the real address or contact information is even more concerning.

    Also, there are many scam allegations and negative reviews about this fraudulent broker.

    FAQs About PNL Advanced Broker

    Is PNL Advanced Regulated?

    The PNL Advanced broker is an unregulated and unlicensed financial swindler. They are banned from three EU countries. 

    Does PNL Advanced Charge Deposit or Withdrawal Fees?

    The minimum deposit amount that the PNL Advanced broker shows on their web page is just too high, as it is $5000.

    What Is PNL Advanced Headquarters Country?

    PNL Advanced location is anonymous. There is no data about the company name or address at all. 

    PNL Advanced Reviews PNL Advanced Scam Scam Broker PNL Advanced Trading Scam

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    The FinTopiAuthor, who prefers to remain anonymous for now due to privacy reasons, has a bachelor’s degree in finance and over 10 years of experience in financial planning and bank loans. For the last 3 years, they’ve been working as a freelance copywriter in the niche of financial products, investing, and money lending, with the special attention to pros and cons of different loan types. Besides an interest in financial topics, they’re keen on traveling and various adventures.

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    Table of Contents

    Table of Contents

    • PNL Advanced Compliance and Safety
    • Trading Platforms
    • PNL Advanced Trading Instruments
    • Types of PNL Advanced Accounts
    • Deposit and Withdrawal Procedure
    • How Does This Scam Operate?
    • Recommended Foreign Exchange Brokers
    • Final Verdict
    • FAQs About PNL Advanced Broker

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