Thinking of getting into business with Pro Trader FX? Here is what you must know about this broker. Carefully read this review to find out if protraderfx.com is the trading platform you will want to trade with.
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About Pro Trader FX Broker
Pro Trader FX is an offshore brokerage company with a lot of promises for traders. The broker says it is located at 71-75 Shelton Street London Greater London.
The broker offers scalping, trading central, signals and sign out and more.
There are different account types for forex traders like Starter, Premium and Ultimate.
In spite the trading instruments Pro Trader FX claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
protraderfx.com: Reasons to Avoid This Broker
protraderfx.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit as no financial authority recognizes the broker.
Another red flag we noticed on protraderfx.com is that it has no demo account for traders. Since traders can’t test Pro Trader FX broker on a free account, we can’t know its viability in the forex market.
Again, this broker does not offer money back guarantee which means trading on such platform is clearly a risk. This is a con for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal and fee, Pro Trader FX provides no information on what it charges traders as well as any other charges we should know.
Minimum Deposit
The recommended minimum deposit Pro Trader FX offers is $200.
As for the payment methods, we can make via Debit/Credit card and Wire transfer. However, you should not consider making any payment with this broker because it is a risk. So beware!
Pro Trader FX Platform
Pro Trader FX offers web based trading software and a Meta Trader 4. The MT4 platform the broker alleges it offers is the industry standard which is widely accepted for trading all sort of assets in the forex market. Itself and the successor MT5 are best used for their user friendly features.
Leverage can be increased up to 1:500. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Pro Trader FX Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated claims are truly a red flag and must be avoided.
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Licensed in Australia(ASIC) and Cyprus(Cysec)
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Conclusion: Is protraderfx.com a Reliable Broker?
protraderfx.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
The broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
