PINAKINE
Pros and Cons
Pros
- Variety of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
- Access to popular trading platforms: MetaTrader 4 and MetaTrader 5
- Multiple account types catering to different trader profiles
- High leverage options available for experienced traders
- Zero-commission trading on various instruments
Cons
- Not regulated by any recognized financial authority
- Potential risks for investors due to unregulated status
- Limited educational resources for traders
- Lack of detailed information on customer support responsiveness
- Withdrawal fees and inactivity fees may apply
Basic Information
User Reviews
PINAKINE Overview
Pinakine Liquidity Limited is a forex broker that has been operating for approximately 1-2 years and is registered in the United States. As a relatively new player in the forex trading landscape, it is important for potential clients to be aware that this broker is not regulated by any major financial authority, which could pose risks to investors. Being unregulated means that traders may not have access to certain protections that are typically afforded by regulated brokers, making due diligence essential when considering trading with Pinakine.
The broker offers a variety of trading options, primarily focusing on forex. Traders can expect to utilize popular trading platforms, such as MetaTrader 4/5, which provide essential tools for market analysis and trade execution. Customer support is available, but the specifics regarding responsiveness and available channels are not detailed. As a broker, Pinakine may appeal to those looking for features like high leverage and zero-commission trading, but potential clients should weigh these benefits against the lack of regulatory oversight and the inherent risks associated with trading through an unregulated entity.
Is PINAKINE Safe? Regulation Analysis
Regulatory Information
Pinakine Liquidity Limited is not regulated by any recognized financial authority. This unregulated status poses significant risks for potential traders, as they may lack access to investor protection mechanisms typically offered by regulated brokers. The absence of regulatory oversight means that clients could be more vulnerable to fraud and other risks associated with trading.
Trading Products and Services
What Trading Instruments Does PINAKINE Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
The trading instruments available at PINAKINE provide a varied selection, allowing traders to engage in diverse asset categories. With a focus on forex, the broker offers a range of major currency pairs while also facilitating trading in commodities, indices, stocks, and cryptocurrencies. This diversity caters to different trading styles and preferences, whether for beginners seeking to explore the forex markets or professional traders looking for more complex trading strategies. Furthermore, having multiple asset categories enhances the potential for portfolio diversification, enabling users to adapt their trading strategies according to market conditions. Overall, PINAKINE’s range of instruments supports flexible trading opportunities for a wide array of traders in the dynamic financial landscape.
Account Types and Trading Conditions
What Account Types and Fees Does PINAKINE Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly interface | Suitable for small-capital practice |
| Professional Account | Experienced traders | High leverage options, advanced tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services, tailored solutions | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | Complies with Islamic finance principles | Available upon request |
| Demo Account | All types of traders | Practice trading without real risk | Ideal for testing strategies and platforms |
Account Opening Process
To open an account with PINAKINE, potential clients need to complete several steps. This includes submitting personal information, employment details, and financial information. Identity verification is a crucial part of the process, requiring submission of an ID and proof of address. Additionally, account flexibility is offered, allowing clients to upgrade to a professional account at a later stage if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Competitive spreads available |
| CFDs (Stocks, Indices, Commodities) | Varies | $0 | Includes various assets |
| Cryptocurrencies | Varies | $0 | Market-dependent pricing |
Other Fees
In addition to trading fees, traders should be aware of various other costs associated with their accounts. These may include deposit and withdrawal fees, inactivity fees for dormant accounts, platform usage fees if applicable, overnight interest (swap rates), and currency conversion fees for trades involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does PINAKINE Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | 2FA, market search, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Encryption, symbol lookup, one-click trading, push notifications, economic calendar | Demo accounts, VPS |
| Web Version | Any device with a web browser | Secure login, market search, basic order types | Demo accounts |
| Mobile App | iOS, Android | Biometric login, price alerts, quick order entry | Demo accounts |
The trading platforms offered by PINAKINE provide various options tailored for different trading needs. MT4 is widely recognized for its user-friendly interface and extensive features, making it suitable for beginners. MT5, with its advanced tools, caters to seasoned traders who require more complex functionalities. The web version ensures accessibility across devices, enabling traders to manage their accounts on the go. Mobile apps enhance convenience with features such as secure logins and real-time alerts, allowing for efficient trading anytime and anywhere. Overall, PINAKINE supports secure, flexible trading solutions through its diverse platform offerings.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min $100, Max $10,000/day | USD |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000 | USD |
| Cryptocurrency | Instant | No platform fee | Min $50, Max $20,000 | BTC, ETH |
| E-wallets | Instant | 1.5% charge | Min $50, Max $10,000 | USD |
Minimum Deposit
The minimum deposit requirement at PINAKINE is typically $50 for credit/debit card and e-wallet transactions, while bank transfers have a minimum of $100. These amounts can vary depending on the account type chosen by the client.
How to Withdraw
To withdraw funds from your PINAKINE account, follow these steps:
- Log in to your PINAKINE account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred payment method for withdrawal.
- Enter the amount you wish to withdraw and any required details.
- Confirm your withdrawal request and submit.
Customer Support
PINAKINE Customer Support Overview
Support Channels
PINAKINE offers several methods for customers to reach out for assistance. These include:
- Email: Clients can contact support at support@pinakineliquidity.com for inquiries and help.
- Telephone: A contact number is available for direct communication: +44 74 54630174.
Service Availability
The customer support service is available during standard business hours, ensuring that traders can receive help when needed. Multilingual support is not specified, so clients may expect assistance primarily in English.
Frequently Asked Questions
No, PINAKINE Liquidity Limited is not regulated by any recognized financial authority, which poses significant risks for potential traders as they may lack access to investor protection mechanisms typically offered by regulated brokers.
PINAKINE offers a variety of trading instruments, primarily focusing on forex, including major currency pairs, commodities like gold and oil, indices such as the S&P 500 and NASDAQ, stocks from the US and UK, and cryptocurrencies like BTC and ETH.
PINAKINE provides several account types to cater to different trader profiles, including Retail Accounts for beginners, Professional Accounts for experienced traders, Corporate Accounts for businesses, Islamic Accounts for those seeking swap-free options, and Demo Accounts for practice without real risk.
You can contact PINAKINE’s customer support via email at support@pinakineliquidity.com or by phone at +44 74 54630174. Support is available during standard business hours.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.