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Protraderfx -

Score

1.43 /10
Danger

Protraderfx

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://protraderfx.com

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.40

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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

Broker Information

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Company Name

Protraderfx

Company Abbreviation

Protraderfx

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Protraderfx · Company summary

Note: Protraderfx' official website: https://protraderfx.com/ is currently inaccessible normally.

Protraderfx Review Summary
Founded2021
Registered Country/RegionUnited Kingdom
RegulationNo regulation
Market InstrumentsShares, forex, commodities, cryptocurrencies, ETFs, options and indices
Demo Account❌
LeverageUp to 1:500
EUR/ USD SpreadFrom 0 pips
Trading PlatformsMobius Trader, Binary Options platform
Minimum Deposit$200
Customer Support/

Protraderfx provides trading in shares, forex and more instruments with the lower spread from 0 pips. However, there are many pitfalls. First, it has no regulations and the website is not available. Second, they only accepts Bitcoin as the funding methods.

Protraderfx

Pros and Cons

ProsCons
Various tradable productsNot regulated
Inaccessible website
Only accepting Bitcoin as payment methods
No ways to contact
No MT4 or MT5

Is Protraderfx Legit?

Its a dubious, unregulated brokerage that operates entirely anonymously, putting your funds at risk if you decide to deposit. Furthermore, their website is currently inaccessible. As a result, Protraderfx cannot be considered a legitimate broker.

What Can I Trade on Protraderfx?

Protraderfx is a provider of Contracts for Difference (CFDs), delivering trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options and indices.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Options✔
ETFs✔
Shares✔
Mutual Funds❌

Account Type

Protraderfx offers three kinds of live accounts, including the STARTER, ULTIMATE and PREMIUM accounts with the minimum deposits of $200, $25,000 and $5,000.

Account comparison

Leverage

Protraderfx provides a maximum leverage of 1:500 for all account types. This high leverage can amplify profits, it also comes with increased risk.

Protraderfx Fees

The STARTER account is commission-free, perfect for beginners and those looking to minimize trading costs. The ULTIMATE account offers spreads from 0 pips with a $5 commission. The PREMIUM account, with spreads starting from 0 pips and a $8 commission, is designed for professional traders.

Trading Platform

Protraderfx provides two trading platforms: Mobius Trader and Binary Options platform. Compared to MetaTrader, Mobius falls significantly short in terms of functionality and available features.

Trading Platform

Deposit and Withdrawal

In Protraderfx, Bitcoin is the sole accepted payment method (no chargebacks available). This exclusive deposit option is highly concerning, especially given that cryptocurrency deposits are irreversible and cannot be charged back!

Deposit via Bitcoin

The Bottom Line

In conclusion, Protraderfx is not a good choice for traders. Its business activities are beyond the regulation. Besides, there are no ways to contact them and their website is not available so that their trading conditions are not transparent and reliable.

FAQs

Is Protraderfx safe?

No. It might be a scam.

Is Protraderfx a good for beginners?

No. Beginners should trade with brokers regulated well.

Is Protraderfx good for day trading?

No.

User Reviews

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User comment

2

Comments

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君爷范er
more than one year
Protraderfx is a forex scammer that has ruined my life. Their staff is a bunch of unscrupulous people who base their profits on the pain and loss of others. I really needed the money badly but all they did was ignore all my withdrawal requests and messages. I feel hopeless. Where can I recover funds?
Protraderfx is a forex scammer that has ruined my life. Their staff is a bunch of unscrupulous people who base their profits on the pain and loss of others. I really needed the money badly but all they did was ignore all my withdrawal requests and messages. I feel hopeless. Where can I recover funds?
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2023-03-20 10:10
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靳韵明
more than one year
I do not know what is going on but I can not contact them anymore. The only time they ever picked up the phone, after many times of trying, they immediately hung up on me after hearing my name.
I do not know what is going on but I can not contact them anymore. The only time they ever picked up the phone, after many times of trying, they immediately hung up on me after hearing my name.
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2023-03-06 18:32
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