User Reviews
More
User comment
3
CommentsWrite a review
Score
United States
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
Add brokers
Comparison
Expose
Exposure
Score
Regulatory Index0.00
Business Index6.83
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Danger
More
Company Name
FOREX TRADING PRO
Company Abbreviation
FOREX TRADING PRO
Platform registered country and region
United States
Company website
X
Company summary
Pyramid scheme complaint
Expose
General Information & Regulation
FOREX TRADING PRO is allegedly a forex broker registered in the United States that claims to provide its clients with various tradable financial instruments with leverage up to 1:1000 and floating spreads from 0 pips on the MT4. Here is the home page of this brokers official site:
As for regulation, it has been verified that FOREX TRADING PRO does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.80/10. Please be aware of the risk.
Market Instruments
FOREX TRADING PRO advertises that it offers access to a wide range of trading instruments in financial markets, including Forex, Oil, Metals and Cryptos.
Account Types
FOREX TRADING PRO claims to offer the MT4.PRO. Account, and you can choose open a demo account or a live account. The minimum initial deposit to open an account is said to be only $10.
Leverage
The leverage provided by FOREX TRADING PRO is capped at 1:1000. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
FOREX TRADING PROs website states that the spread starts from 0 pips. Also, all spreads are a floating type and scaled with the asset classes offer.
Trading Platform Available
The platform available for trading at FOREX TRADING PRO is one of the most notable and preferred trading platforms the market offers - MetaTrader4 for Windows, iOS and Android. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
FOREX TRADING PRO says to work with numerous means of deposit and withdrawal choices, consisting of Load, Wire Transfer, Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Tether, USDC and Stellar.
The minimum deposit is only $10 for Load deposits and $1,000 for Wire Transfer deposits, while no minimum deposit amount is required for other funding methods. According to the website, there is no deposit fee charged, while a 5% fee for Load and Wire Transfer withdrawals and variable withdrawal fees on other methods.
As for the processing time of deposits, deposits via Load are instant, while Wire Transfer deposits take up to 3-5 business days and other withdrawals require 3-5 hours to be processed.
Customer Support
FOREX TRADING PRO‘s customer support can be reached by sending messages online. You can also follow this broker on social networks such as Twitter, Facebook and Instagram. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Pros & Cons
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
More
User comment
3
CommentsWrite a review