PINAKINE

Rojas

1-2 years

Are there any cons to using Pinakine Liquidity Limited?

WikiFX Reply

The main downside to trading with Pinakine Liquidity Limited is the absence of regulation, which leaves traders exposed to greater risk. Regulatory bodies enforce strict standards on brokers to ensure they maintain a level of professionalism and fairness, but without that regulatory oversight, there is no guarantee that Pinakine will adhere to such standards. Furthermore, while the broker offers attractive features such as zero commissions and high leverage, these come with their own set of risks. High leverage, in particular, increases both the potential for large profits and large losses, which could lead to substantial risk if not managed properly. For traders looking for a sense of security and accountability, the lack of regulation makes me hesitant to recommend this broker. It’s always best to trade with a regulated broker to ensure your funds are protected and that you're trading in a fair environment.

Broker Issues

PINAKINE

Regulation

08-07

United States

Eziol

1-2 years

What are the deposit and withdrawal fees at Pinakine Liquidity Limited?

WikiFX Reply

Pinakine Liquidity Limited offers free deposits and withdrawals, which is definitely a positive for traders looking to avoid extra charges on transactions. Many brokers charge fees for deposits and withdrawals, especially for credit/debit card transactions, so the absence of these fees is a welcomed feature. However, it’s important to check if any third-party payment processors involved in the transaction could impose fees on their own. From my experience, I’ve found that some brokers who advertise free withdrawals sometimes fail to mention that payment providers like banks or e-wallets may charge their own fees. So, while Pinakine does not directly charge withdrawal fees, I recommend checking with customer support to confirm any third-party fees to avoid surprises.

Broker Issues

PINAKINE

Fees and Spreads

08-04

United States

Allan777

1-2 years

Which payment methods are available for deposit and withdrawal at Pinakine Liquidity Limited?

WikiFX Reply

Pinakine Liquidity Limited supports various payment methods, including credit/debit cards, bank transfers, and potentially cryptocurrencies. While they don't list the full range of supported methods on their website, it's always a good practice to check with customer support for more detailed information. The inclusion of multiple payment methods, including the potential for cryptocurrency deposits and withdrawals, is a positive feature, as it provides flexibility for traders. From my perspective, having a variety of payment options is key when choosing a broker, as it allows for easier fund transfers and faster transactions.

Broker Issues

PINAKINE

Deposit

Withdrawal

06-25

United States

Vahid

1-2 years

What is the deposit process at Pinakine Liquidity Limited?

WikiFX Reply

The deposit process at Pinakine Liquidity Limited is relatively straightforward. After registering and verifying your account, you can fund your account through various payment methods. However, it would be helpful if the website provided more information on the specific payment methods and associated processing times. Based on my experience, some brokers are very clear about their deposit options, which makes the process smoother and more transparent. I would recommend reaching out to customer support to clarify the full list of payment methods and ensure that your chosen option is supported before making a deposit.

Broker Issues

PINAKINE

Withdrawal

Deposit

06-21

United States