Pelliron

Pelliron is a financial brokerage firm registered in Saint Vincent and the Grenadines under the name Pelliron Universal LLC. According to its official website, the company began operations in 2019, though it traces its roots to a group of traders active since 2008. The broker offers retail forex and CFD trading services through the MetaTrader 5 platform, catering primarily to individual traders and investors.

The company's registered address is First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, VC0100, Saint Vincent and the Grenadines. It also lists a business address in London, UK: 160 London Road, Barking, IG11 8BB. Customer support is available 24/7 via email and phone, with a UK-based telephone number.

Pelliron is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, it is important to note that the FSA SVG does not regulate forex or CFD brokers; it merely registers companies under the Companies Act. The broker holds a Legal Opinion (LO) from the FSA, which is not equivalent to a financial services license.

In practice, this means Pelliron operates without direct oversight from any financial regulatory authority. The company itself acknowledges this on its website, stating that its choice of SVG jurisdiction offers advantages for international brokerage activities. Traders should be aware that this lack of regulation means there is no investor protection scheme or dispute resolution mechanism.

Pelliron requires a significantly high minimum deposit of $5,000 to open an account. The broker offers leverage up to 1:100, which is relatively conservative compared to some offshore brokers. Trading costs are based on fixed spreads, with the EUR/USD spread quoted at 3.00 pips and USD/JPY at 5.00 pips.

The broker advertises zero swaps on most instruments except cryptocurrencies, and offers a 36% annual return on active account balances. A 100% active cash bonus is also claimed. Trading is available in standard lot sizes, with the ability to trade 1 lot and 0.1 lot on the same account. The decimal pricing is set at 4 and 2 digits depending on the instrument.

Pelliron exclusively uses the MetaTrader 5 (MT5) platform, which is available for Windows, macOS, iOS, Android, and web browsers. MT5 is a multi-asset platform that supports forex, stocks, futures, and options trading. It includes advanced charting tools, technical indicators, and support for automated trading via Expert Advisors (EAs).

The broker also offers a proprietary mobile terminal called 'Pelliron Trade' for iOS and Android devices, which appears to be a branded version of MT5. The platform allows for real-time quotes, order management, and market analysis on the go.

According to the trading conditions page, Pelliron offers a range of financial instruments including forex pairs, commodities, and stocks. The website lists specific spreads for major forex pairs such as EUR/USD, USD/JPY, and GBP/USD, each with a contract size of 100,000 units.

The broker also mentions the ability to trade options, futures, and shares on stock exchanges through the MT5 platform. Cryptocurrency trading is available but carries swaps (overnight interest), unlike other instruments. The full list of instruments is not publicly detailed on the site.

Pelliron accepts multiple deposit methods including direct bank transfers, credit/debit cards, and e-currencies. The broker processes deposits and withdrawals through the client's Personal Office, where bank account details are provided after registration. Third-party deposits and withdrawals are strictly prohibited.

The company states that all losses associated with third-party payments will be imposed on the client. Withdrawals are subject to the same policy, and funds must be returned to the original source. The broker claims high standards of security and reliability for all transactions.

Pelliron offers customer support 24/7 via email at [email protected] and by phone at +442080400321 (a UK number). The website also features a contact form for inquiries. The support team includes specialists from every department who are 'always glad to answer any question'.

The company's physical presence includes a registered office in Saint Vincent and the Grenadines and a business address in London, UK. However, there is no mention of any local office or licensed entity in the UK, so the London address may be a mailing address only.