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No Regulation
Score
1.11 /10
Danger
Properfly
Within 1 yearSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 1
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index3.92
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Exposure
1 pieces of exposure in total Pyramid scheme complaint
ExposeNote: Properfly's official website: https://propermarketfx.com/ is currently inaccessible normally.
| ProperflyReview Summary | |
| Founded | 2024 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments | Forex, commodities, cryptocurrencies and stock indices |
| Demo Account | ❌ |
| Leverage | Up to 1:100 |
| Spread | / |
| Trading Platform | MT5 |
| Min Deposit | $0 |
| Customer Support | 24/5 support |
| Email: support@properflyfx.com | |
Founded in 2024, Properfly is a forex broker registered in the UK, offering trading through the MT5, including forex, commodities, cryptocurrencies and stock indices. It requires no minimum deposit. However, Properfly operates without regulatory oversight from any reputable financial body.
Pros and Cons
| Pros | Cons |
| Variety of trading options | Inaccessible website |
| Commissions-free | Unregulated status |
| MT5 supported | No demo accounts |
| No minimum deposit | Single account type |
| Limited contact channels |
Is Properfly Legit?
No, Properfly is not regulated currently. Please be aware of the risk!
What Can I Trade on Properfly?
Properfly offers various product options, including forex, commodities, cryptocurrencies, and stock indices.
Forex: 62 currency pairs with low spreads.
Commodities: Include gold and silver as well as crude oil. Traders can specify on the price movements of gold and silver against the dollar.
Cryptocurrencies: Mainstream cryptocurrencies, including BTC ETH, BCH, ETC, DASH, ETC.
Stock indices: Various stock indices, including SPX500, GER30, UK100, FRA40, AUS200, JPN225, US30, NAS100, HK40 and ESTX500, the dollar index USDOLLAR, Hong Kong's hang seng index, the dow Jones industrial average, in London, the ftse 100, stanProperfly Limited rd &poor's 500, nasProperfly Limited q, Frankfurt, Germany, and France's CAC 40 index, the European Union (eu) 50 index, the nikkei index, Hong Kong's hang seng index, ASX 200 index, the Swedish stock 30, etc.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stock indices | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Properfly offers only one live account and does not provide a demo account. This can be extremely risky for inexperienced beginners, so traders must proceed with caution.
Leverage
Properfly offers a standard leverage up to 1:100, which is relatively low compared to industry standards. 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.
Fees
Properfly does not charge commissions and has not disclosed specific spreads.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, web and mobile (iOS and Android) | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Properfly requires no minimum deposit, but the information of deposit and withdrawal options, related fees and processing time is not mentioned.
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