Company Information

Get to know pfg ap

PFG Best (Aust) Pty Ltd, operating as PFG Asia Pacific, was a financial services company headquartered in Sydney, Australia. It was the regional arm of the American firm Peregrine Financial Group (PFG). The company provided online trading services for retail and institutional clients, specializing in foreign exchange (forex), contracts for difference (CFDs), and futures. Its history is inextricably linked to its parent company, which imploded in July 2012 after its founder and CEO, Russell Wasendorf Sr., confessed to a massive, 20-year-long fraud scheme, having embezzled over $200 million in customer funds. This event led to the immediate bankruptcy of the parent company and the subsequent liquidation of its global subsidiaries, including the Australian entity.

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Forex Retail BrokerPRIMARY
Financial Other Service

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pfg ap

Australia

Founded in

2006 (20 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.