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ProperFly

ProperFly | 2024-09-13 17:54

Zusammenfassung：ProperFly is an unregulated brokerage company registered in the United Kingdom. This firm provides a swath of investment options with its popular MT5 platform. ProperFly offers six live trading accounts and a free demo account. However, this firm charges a withdrawal fee.

ProperFly Information

ProperFly is an unregulated brokerage company registered in the United Kingdom. This firm provides a swath of investment options with its popular MT5 platform. ProperFly offers six live trading accounts and a free demo account. However, this firm charges a withdrawal fee.

Pros and Cons

Pros	Cons
Wide selection of investment options	No valid regulatory certificates
Multiple account types	No managed portfolios
Popular trading platform (MT5)	Charging a withdrawal fee
Offering a free demo account	The processing time of withdrawal depends on your account type
IPO trading is available

Is ProperFly Legit?

ProperFly currently does not hold any valid regulatory certificates. Although it is incorporated in the United Kingdom, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

What Can I Trade on ProperFly?

When checking out online brokerages, it's important to look under the hood at how you can invest.

With ProperFly, you can make a diversified portfolio with 700+ instruments in 6 asset classes, including forex, indices, metals, energies, stocks, and cryptocurrencies. If you're looking for ETFs or bonds, you won't find them here.

Forex: more than 60 currency pairs and open 24/7
Stocks: more than 500 world stocks available for trading
Forex: trade crypto CFDs 24/7
Energies: include oil and oil products
Metals: trading in gold, silver, copper, palladium and platinum

Tradable Instruments	Supported
Stocks	✔
Metals	✔
Forex	✔
Indices	✔
Energies	✔
Cryptocurrencies	✔
Bonds	❌
ETFs	❌
Mutual Funds	❌

Account Types

ProperFly offers 6 account types, including Micro, Bronze, Silver, Gold, Platinum, and Diamond-VIP. The minimum deposit for a Micro account is $250.

Generally, different types of services become available as your portfolio grows. For example, if you invest at least $25,000, you'll get the chance to participate in IPOs, trading signals from Trading Central + market buzz, daily market reviews with analysts, and trading signals.

Higher tiers also mean you can pay less in fees. When you open a Platinum account with ProperFly, you'll have spreads starting with 0.3 pips and no commission for withdrawal.

Interestingly, the withdrawal processing time also depends on your account type, which can be shortened from 48 hours to 5 hours if you invest at least $100,000.

Besides, a demo account is also available with this firm.

Feature	Micro	Bronze	Silver	Gold	Platinum	Diamond-VIP
Deposit	$250	$1,000	$5,000	$10,000	$25,000	$100,000
Spreads	Starting with 0.6	Starting with 0.6	Starting with 0.6	Starting with 0.6	Starting with 0.3	Starting with 0.3
Withdrawal Commission	Yes	1 time per month without commission	1 time per month without commission	No	No	No
Withdrawal Processing Time	Up to 48 hours	Up to 48 hours	Up to 24 hours	Up to 24 hours	Up to 24 hours	Up to 5 hours
Number of Assets	Over 700	Over 700	Over 700	Over 700	Over 700 + the ability to participate in IPOs	Over 700 + the ability to participate in IPOs
Online Trading Webinars	1 time per week	1 time per week	2 times per week	3 times per week	3 times per week	Private webinars
Bonus	Up to 30%	Up to 30%	Up to 50%	Up to 80%	Up to 80%	Up to 100%
Pending Bonus	No	No	No	No	Up to 50% per month	Up to 50% per 3 months
Trading Signals from TRADING CENTRAL + MARKET BUZZ	No	No	Yes (first 30 days)	Yes	Yes	Yes
Daily Market Review with Analyst	No	No	Yes	Yes	Yes	Yes
Trading Signals	No	Yes	Yes	Yes	Yes	Yes

ProperFly Fees

Investment fees can detract from your returns. Every brokerage is different when it comes to fees, though many of them have moved toward commission-free trading. With ProperFly, the fees depend on your account type.

Micro, Bronze, Silver, and Gold: spreads are from 0.6 pips.
Platinum, and Diamond-VIP: spreads are from 0.3 pips.

Besides, there is no withdrawal commission for Gold, Platinum, and Diamond-VIP accounts. Micro accounts charge withdrawal commission each time you use a credit card or Perfect Money. The withdrawal fee is 3.5% for using Perfect Money and 2% for using a credit card.

Trading Platform

MT5 (MetaTrader 5) is available with ProperFly. You can apply it on multiple devices, including Windows, MAC, Android, and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analyses, the use of algorithmic trading applications, and copy trading.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Windows, MAC, IOS, and Android	Investors of all experience levels
MT4	❌
Proprietary Platform	❌

Deposit and Withdrawal

ProperFly provides 3 ways to transfer your money. You need to pay no commission for funding and withdrawals using a bank transfer. However, if you withdraw through Perfect Money or credit card, you need to pay a commission of 3.5% or 2% respectively.

As mentioned previously, the processing time of withdrawal depends on your account type.

Account type	Processing time (withdrawal)
Micro	Up to 48 hours
Bronze	Up to 48 hours
Silver	Up to 24 hours
Gold	Up to 24 hours
Platinum	Up to 24 hours
Diamond-VIP	Up to 5 hours

Deposit Options

Deposit Options	Min. Deposit	Fees	Processing Time
Bank Transfer	N/A	No Commission	N/A
Perfect Money	N/A	No Commission	N/A
Credit Card	N/A	No Commission	N/A

Withdrawal Options

Withdrawal Options	Min. Withdrawal	Fees	Processing Time
Bank Transfer	N/A	No Commission	Depending on your account type
Perfect Money	N/A	3.5%	Depending on your account type
Credit Card	N/A	2%	Depending on your account type

Customer Support Options

For any questions you might have, help is available 08:00 - 20:00 (GMT+3) by phone (+44 204 5772489), email (support@sohobi.com), or a live chat feature. You can also hit a button on an online message box.

Contact Options	Details
Phone	+44 204 5772489
Email	support@sohobi.com
Support Ticket System	❌
Online Chat	✔
Social Media	❌
Supported Language	Multiple
Website Language	Multiple
Physical Address	Kyiv, Ukraine, 01103, Michail Boychuk str., 41, lit. A, office 40

The Bottom Line

ProperFly makes building a diversified portfolio easier with its wide selection of investment options. And you can choose from its seven live trading accounts based on your individual needs. However, you need to choose carefully because it determines some key factors of trading, such as withdrawal fees, processing time, etc. This firm is not regulated by any recognized financial authority. Before choosing a brokerage, remember to consider the cost and the potential risk.