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PNB

Regulated
Burkina Faso
,
Since 1916
Last Updated:
50/100
Overall Score

Trading Conditions

Min Deposit:
PHP3000
Max Leverage:
N/A
Account Types
InvestInstitutional

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

8 methods

Over-the-Counter (OTC) Withdrawal

bank transfer
days
Fee:
Free
Fee:
₱100

ATM Withdrawal

bank transfer
Instant
Fee:
Free
Fee:
Free

Online Fund Transfer

bank transfer
Instant
Fee:
Free
Fee:
Free

Mobile Banking Transfer

bank transfer
Instant
Fee:
Free
Fee:
Free

Check Deposit

bank transfer
2 days
Fee:
Free
Fee:
Free

Time Deposit

bank transfer
days
Fee:
Free
Fee:
Free

Online Banking Transfer

bank transfer
Instant
Fee:
Free
Fee:
Free

International Fund Transfer

bank transfer
days
Fee:
Free
Fee:
$75

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 65%, 2: License 68%, 3: Software 0%, 4: Spread 0%, 5: Account Type 17%, 6: Symbol 0%
Regulation
65%Good
License
68%Good
Software
0%Poor
Spread
0%Poor
Account Type
17%Poor
Symbol
0%Poor

Company Information

Full Name:Philippine National Bank
Founded:1916
Headquarters:Burkina Faso
Enterprise Offices:1offices

Customer Support

Phone:
(+632)8573-8888
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Introduction and Overview

PNB is a name that has been prominent in the realm of trading brokers. This institution provides financial services with the objective of ensuring that people have access to markets. Although information regarding PNB is not detailed, people can learn about the basic framework or requirements from such brokers.

History

The Philippine National Bank (PNB) is one of the oldest and largest private banks in Philippines, founded back in 1916. Currently, this institution is not controlled by any banking organization in the US or elsewhere in the world, but PNB does provide all kinds of conventional and online financial services to its clientele both in the US and other countries.

Key Features and Offerings

PNB offers various conventional as well as innovative financial services such as consumer, corporate, remittances, asset management, loans, insurances, as well as investment facilities. PNB boasts having among the largest domestic and overseas branching networks of all banks in the country, including serving both local as well as global Filipino customers.

Possible cryptocurrency trading options

Furthermore, brokers may also provide different types of accounts and support services. But in the absence of concrete facts, it is best for potential investors to personally look for information from PNB or from trusted sources prior to investing.

A Regulatory Compliance and Licensing

Regulatory supervision plays an important component in ascertaining the credibility of any financial services provider. However, very minimal information is provided in regard to PNB’s licensing and level of compliance with the relevant regulation. The lack of this information could serve as an important indicator to traders wishing to engage in a risk-free and legal transaction.

The following is a sample of information that traders need in order to gauge brokers. As PNB information is not available, this example can serve as a substitute. The information required by traders is encapsulated in a table below:

Table: Information Needed By Tradersiltereassistant<|end_header_id|>

Regulator

License Number

Status

Not Available

NOT AVAILABLE

Limited information available

Trading Conditions

Conditions under which trades are carried out, such as spreads, leverage, and minimum deposit, are essential to assess a broker to determine their appropriateness. Unfortunately, the exact conditions for trades with PNB are not available publicly. Across the industry, brokers charge different spreads depending on the type of accounts and market conditions, provide leverage ratios which may vary from conservative to high, and demand minimum deposits according to different categories of traders.

For instance, the technology used by the trading platform will also play an important role for the brokerage firm. Most of the brokers will enable the user to make use of the MetaTrader 4 or MetaTrader 5 trading platform or the proprietary trading platform that has some of the most advanced tools for carrying out the trading operations. However, it has not been made clear what kind of trading platform the P

Trading Condition

Details

Spreads

More data needed

x=X

Very limited information available

Minimum Deposit

Little information available

Trading Platforms

No details available

Fee Structure

There

Knowing the fee structure is crucial in cost management processes undertaken by traders. Fees normally encompass commissions, spreads, charges associated with deposits and money withdrawal, as well as inactivity charges. In PNB, there is no relevant information known concerning these charges.

Without the specific data available, it is recommended that the trader contact PNB or refer to the documentation prior to investing. A clear disclosure of costs is a characteristic of a trustworthy brokerage firm.

Fee Type

Details

Deposit Fees

Limited information available

Withdrawal Fees

Few details exist

Commission

Information not available

Spreads

No information available

Conclusion

As a trading broker, PNB currently provides minimal publicly available data in all crucial sectors, such as background, regulation, trading terms, fees, and user experience. Due to the lack of data, there is a need for traders wanting to work with PNB to exercise caution. Prospective customers should also focus on direct engagement with PNB, look up credible comments about them from other parties, and engage in due diligence before making any financial decisions. While openness and governance are remained to be important levers of trust in the finance sector, this lack should also be closely evaluated.

Regulatory Licenses

Compliance & oversight

2 licenses
United States
FCATier 1
United States
License Details
Type:Financial Service
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Philippines
FMATier 2
Philippines
License Details
Type:Financial Service
Status:Regulated
Validity
Effective:N/A
Expires:N/A
1
Tier 1
2
Countries
0
Offshore

Account Types

Trading account options

2 types
Invest
Invest
Leverage 1:1 • Commission N/A - deposit account
Leverage1:1
CommissionN/A - deposit account
Institutional
Corporate
Leverage 1:1 • Commission N/A - deposit account
Leverage1:1
CommissionN/A - deposit account
2
Total Types
2
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

9 methods
Over-the-Counter (OTC) Withdrawal
Bank Transferdays
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:PHP 100
Min:N/A
Max:N/A
Effective February 19, 2024, a service charge of PHP 100.00 per transaction is applied for OTC withdrawals from debit card-based savings accounts. Available at all PNB branches in the Philippines.
ATM Withdrawal
Bank TransferInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:PHP 20,000
Daily withdrawal limit of PHP 50,000. Available at PNB ATMs and partner bank ATMs nationwide.
Online Fund Transfer
Bank TransferInstant
Deposit
Fee:Free
Min:N/A
Max:PHP 50,000
Withdrawal
Fee:Free
Min:N/A
Max:PHP 50,000
Transaction fees may apply depending on the amount and destination bank. Available for transfers to and from participating banks in the Philippines.
Mobile Banking Transfer
Bank TransferInstant
Deposit
Fee:Free
Min:N/A
Max:PHP 50,000
Withdrawal
Fee:Free
Min:N/A
Max:PHP 50,000
Users must have an active PNB account and mobile banking enrollment. Available to PNB account holders with access to the mobile banking app.
9
Free Deposit
9
Instant
0
Crypto

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with PNB: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark PNB at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for PNB

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

0 sites

No Website Information

Website domains not available for this broker yet.

Social Presence

Digital community engagement

5 platform
Scroll to see all 5 platforms

Corporate Network

Enterprise structure & relationships

1 entities

PHILIPPINE NATIONAL BANK(Singapore)

Singapore
active

Registration

S79FC2767E

Established

2019-06-02

Comments

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