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From my experience as a trader, I always take regulation and operational transparency seriously before entrusting any broker or financial institution with my funds. With PNB, the single most significant red flag for me is its complete lack of regulatory oversight—not only is it not overseen by Philippine regulators like the Bangko Sentral ng Pilipinas or the SEC, but it’s also missing credentials from respected global bodies such as the FCA, ASIC, or CySEC. That absence of regulation exposes customers like me to inherent risks, as there’s no clear assurance of recourse if disputes or irregularities arise. Another point of caution is PNB’s complex and, at times, relatively high fee structure, especially for interbranch and cross-currency transactions. While I understand that comprehensive banking networks often involve higher running costs, these fees could unknowingly erode capital if I’m frequently moving funds or handling international transactions. What’s more, without access to regulated, dedicated forex trading platforms or transparent trading conditions, there’s an added layer of uncertainty around using PNB for speculative trading rather than basic banking. Given the vast array of financial products they provide, I consider it vital to approach PNB as a general bank rather than as a specialized or regulated forex broker. The lack of clarity on trading platforms and leverage further persuades me to be highly conservative and limit engagement strictly to their core banking services, avoiding any speculative transactions where my funds might be less protected. In short, for me, risk management and regulatory assurance should come first—and with PNB, those elements are currently lacking.