Properfly Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-05 15:13

Abstract：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.

　　Note: 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
Customer 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.