Is Pt Banc another Internet scam or is it a platform that allows you to earn seriously? For a few weeks now, we have been receiving a lot of requests about this broker and its security.
This is not surprising as our site has long been a point of reference for those who just began to invest online,who over the years have transformed many beginners to experts who teach others how to invest.
We’re happy to be asked for information. Online trading scams around on the web, which is why it is always a good idea to find out well before you start using a broker.
Is Pt Banc a scam?
“Is Pt Banc a scam?”This question is among the most popular if not, the most popular ever asked.
We wish to respond to it by ask Consob, the supervisory authority that deals with the safety of those who invest online in Italy.
In the 10th Issue of the 2019 Bulletin dated March 18, the institution was said to have asked Sucaba Enterprise Ltd, the company behind the broker, to stop offering its investment services.
Why has Consob banned Pt Banc from operating? The reason is very simple. This broker does not have any authorisation.
In short, Consob says it is an abusive broker. Leaving aside the many reviews found online (many of which are negative and we are not surprised at all), we ask you a clear and simple question: would you feel comfortable thinking of depositing your money on a broker of this type, which does not comply with the international rules that protect those who invest online? The answer is hopefully not.
Having said that, remember that it falls under Consob’s responsibilities and its investigative bodies to determine if Pt Banc is a scam. Most likely the judiciary will do something about it too, since in recent years there have been complaints.
For now, what we can do is to advise against the use of this platform, since it is unauthorized.
The reason why it is essential to trade only with regulated brokers – and not with Pt Banc – is because these platforms must comply with very strict rules to be online.
These rules are strict both at the local level (in Italy, Consob supervises the matter) and at the international level. In this way, it is possible to guarantee users optimal levels of security and transparency.
Let’s not forget that secure brokers are licensed. In principle, if a platform has no problems, the license can be obtained quickly. If it doesn’t own it, something is wrong. Unlicensed brokers try to attract more users who have no experience in online trading.
Those who know perfectly well that, in the absence of licenses and authorizations, you should never trust such a broker.
Luckily, today it is very easy to avoid these traps! Nowadays we talk a lot about online trading and you just need to search on Google to find out if a broker is safe or not.
Examples of regulated brokers
Pt Banc is just one of many examples of unregulated brokers. A few days ago we talked about Go Capital FX and CodexFx who operate without any authorization and are linked to portals that have very little security.
Fortunately, there are also many legal alternatives and that’s what we’re going to discuss in a short while.
The platforms we mentioned are very different from each other but what they have in common is the fact that they are authorized nationally and internationally.
Among these, as you can see, is eToro. This platform allows you to learn how to trade online quickly even if you start from scratch. In what way, you might ask?
With Copy Trading. This patented mechanism allows you to automatically copy what is done by investors who have obtained concrete results. These investors share their strategies through bulletin boards similar to those of the social network Facebook.
Learn how to use it with our completely free eToro tutorial.
In addition, other users can follow them. The more an eToro expert is followed, the more he has the chance to earn money in addition to the profits of his online investments.
Also for this reason, eToro cannot be considered a scam. experts have an interest in sharing effective strategies with the rest of the community.
eToro is also a free broker (no fees) and extremely easy to use. As already mentioned, even beginners can trade without difficulty. In any case, the broker encourages those who need to practice by providing a demo with excellent quality.
With this account, it is in fact possible to trade with virtual money without risking to lose capital. In addition, through the demo account, you can view the cards of individual experts, which can be found using different criteria.
Some examples? The asset of interest, the risk profile, the country of origin and the number of copiers, a good indicator of the success of the strategies of a particular investor.
After a few hours of doing this, however, you should switch from the demo account to the one with real money one. Only in this way will it be possible to earn money with online trading.
To activate the account with real money, this broker requires a minimum deposit of 200 euros.
Among the authorized platforms we have chosen to talk about is 24Option. 24Option is in fact very simple and intuitive.
Just like eToro, it is also accessible to those who start from scratch.
The great thing about this is that it also provides excellent resources for training. As we do, with our 24option trading free tutorial.
Remember that as soon as you sign up, you will receive a phone call from an expert in online trading who provides guidance on how you can start to trade for free.
But the advantages of this broker do not end there! 24Option allows you to learn how to invest thanks to a free e-book.
This resource differs from all other courses on the web primarily because it is available for free.
If you are here, it means that you have almost certainly searched for online information about trading courses unlike other alternative sources that have prohibitive costs, which sometimes exceed 5,000 euros.
Unfortunately, most of them do not teach anything. In fact, these courses are excessively difficult and theoretical. The theory is important, on this we have nothing to say. Without the practical advice, however, you go nowhere.
The authors of the 24Option guide, which is considered as one of the best trading books in the world, know it perfectly well.
It is no coincidence that they have created a simple and streamlined ebook now used by many traders who have been successful. Ah, another good news is that you don’t need to be a user of the broker to read it.
You just need to enter a valid email.
When talking about this broker, however, you should also take note of the trading signals feature or the investment advice on the best choices to make in the markets.
Trading signals are provided by the company, Trading Central, and are the result of the elaborations of internationally renowned traders.
It is a service of great value, which many brokers often provide for a fee. 24Option allows you to use free trading signals instead. To use them, you must register and make a deposit of at least 100 euros.
Reviews about Pt Banc
Before writing this article, we examined several reviews on Pt Banc. There are still a few sites that talk about this broker. Those who do deepen the topic with the aim of warning readers.
Most of the reviews on Pt Banc do not recommend its use and talk about this broker being not serious.
This does not surprise us at all as Consob itself asked the company behind this broker to cease its services.
To write a guide that is complete as possible, we have also analyzed the opinions of those who have tried the broker. Not only have these users not earned anything, they have also faced huge losses.
They have obviously filed a complaint, with the vain hope of being able to recover their money.
The thing is difficult: in such cases, the sums stolen are illegally are transferred to active offshore accounts in countries where the judiciary has no power.
Online trading is not a scam!
This information about Pt Banc should not make you think that online trading is a scam! It is a high yield investment of a speculative nature for those who had certain professional knowledge.
Today, anyone can start earning money with online trading.
Trading is very simple from a technical point of view. To prove it, there are brokers like eToro and 24Option that allow even beginners to start investing online without problems.
Unfortunately, however, those like Pt Banc and other unregulated brokers convinced many people that online trading is a scam. Let’s reiterate: it’s not like that! Investing online can actually lead to very interesting profits.
What matters is to remember to use only regulated platforms, i.e. with a license and authorization.
It is also very important to be wary of all those systems that promise stratospheric riches. To make money with online trading, you need to commit and study and never forget that investing involves the need to face an unavoidable risk.
To keep it under control, it is advisable to rely on strategies such as Money Management, a tactic that involves the division of capital into many small parts, each of which is assigned to a single trade.
To “feel” less the weight of losses, it is advisable to use no more than 5% of the capital at your disposal.
Now that you’re done reading the guide, let’s hope you’re finally clear that Pt Banc is not safe. It is an unregulated broker and does not guarantee any protection for the money and personal data of registered users.
Also, those who tried it had to deal with unrecoverable losses. But don’t forget and think that all online trading platforms are like that!
In eToro, you can operate by copying what has already been done by other investors, all for free while in 24Option, you have the privilege of learning how to trade online thanks to an excellent free guide and the personalized telephone advice of experts.
24Option also provides trading signals or those specific tips on how to move in the markets provided by internationally renowned investors. These are excellent alternatives to a broker who has nothing legal or safe!
A small favor
Kindly share this guide in Facebook and other social media. With this simple gesture, you will allow many other aspiring users investors not to fall into the trap set by Pt Banc!