The truth about the scammer PSB Forex: broker’s activities review, reviews
PSB Forex (ПСБ Форекс)
PSB Forex (ПСБ Форекс) – a broker from the well-known financial institution Promsvyazbank. At first glance, this should be a reliable company providing profitable and secure trading in the financial market. In fact, it’s a complete scam. First of all, it is necessary to take into account that trading on Forex is always associated with risks. Secondly, scammers actively take advantage of this by luring people with promises of quick profits. There are dozens, hundreds, and even thousands of such “kitchens,” and one of them is psbforex.ru.
What did we learn about the company?
Unlike many other fraudulent organizations, PSB Forex stands out in that it has a legal basis and operates in the Russian Federation on perfectly legal grounds. However, having regulation doesn’t prevent scammers from deceiving clients. There are numerous negative reviews about this broker online. We decided to prepare an independent review to assess the validity of the complaints and the conditions offered by PSB Forex.
Review of the psbforex.ru website
At first glance, it is evident that psbforex.ru is the website of a young broker. It can’t be said that it was made “in a hurry”: the design is solid, and so is the structure. However, the website is clearly not user-optimized. It’s obvious that the platform administration didn’t understand the needs of potential clients. This requires experience, which PSB Forex currently lacks.
Trading conditions: review of key features
In reviews, clients often complain that the forex broker manipulates trading instruments. In this scenario, PSB Forex makes a profit while clients lose money. This is a normal practice for any fraudulent entity. However, keep in mind that on psbforex.ru, you risk a large sum: the minimum deposit is 50 thousand rubles. The broker offers one trading account, called “Standard.”
How to start cooperating with PSB Forex: registration review
To open an account on psbforex.ru, you must be a client of Promsvyazbank. You can visit any branch of the financial institution and sign a brokerage service agreement on the spot. However, clients claim in reviews that it’s not worth the hassle. It’s easier to register through online banking, providing your contact details in the form provided. Here, by the way, there is one important nuance. Enter your personal information carefully. Scammers from PSB Forex won’t miss the opportunity to exploit even your slightest mistake to prevent you from withdrawing funds later. Proving your innocence will be difficult.
Deposit and withdrawal: conditions overview
Clients complain in reviews that you can only deposit funds into your account through a bank account opened at Promsvyazbank or another financial institution. This is very inconvenient. Most reliable brokers offer dozens of deposit methods. Apparently, PSB Forex has not reached this point yet, as it focuses exclusively on Russian residents. It’s definitely too early for this broker to enter the international arena.
User reviews about psbforex.ru
An expert review would be incomplete without analyzing traders’ feedback on PSB Forex. Over the years, this forex broker has accumulated a pool of negative comments. Former clients complain about technical glitches on the platform, delayed fund withdrawals, high entry barriers, and insufficient trading instruments.
Summing up the PSB Forex review
An expert review of the psbforex.ru platform showed that having a license and regulation is far from a guarantee of peaceful trading and profitable cooperation with a broker. In the case of PSB Forex, it’s quite the opposite. Based on the results of an independent review, our team cannot recommend psbforex.ru, as the intermediary has too many shortcomings that will prevent you from successfully operating in the financial market.
Author: Anastasia Chabanyuk