Pro Web Trader Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-01-12 17:51

Abstract：Pro Web Trader presents itself as an investment platform providing a series of forex and CFD trading products. Pro Web Trader seems to provide six types of trading instruments, namely Trial, Bronze, Silver, Gold, Platinum and Diamond. However, BloomsMarkets’ inaccessible official website and lack of essential information make us struggle in presenting a comprehensive picture of this broker. When it comes to regulation, Pro Web Trader disappoints us a lot. This broker is not regulated by any regulatory authority, and here we can see that WikiFX has given it a very low score of 1.64/10. Trading with an unregulated broker is like playing fire. Please be aware of the risk involved.

Basic	Information
Registered Countries	United Kingdom
Regulation	No License
Company Name	N/A
Minimum Deposit	€250
Maximum Leverage	1:400
Minimum Spread	N/A
Trading Platform	N/A
Trading Assets	Forex, CFD products
Payment Methods	N/A
Customer Support	Phone & Email

　　General Information

　　Pro Web Trader presents itself as an investment platform providing a series of forex and CFD trading products. Pro Web Trader seems to provide six types of trading instruments, namely Trial, Bronze, Silver, Gold, Platinum and Diamond. However, BloomsMarkets inaccessible official website and lack of essential information make us struggle in presenting a comprehensive picture of this broker.

　　When it comes to regulation, Pro Web Trader disappoints us a lot. This broker is not regulated by any regulatory authority, and here we can see that WikiFX has given it a very low score of 1.25/10. Trading with an unregulated broker is like playing fire. Please be aware of the risk involved.

　　Account Types

　　Pro Web Trader provides a total six types of tiered trading accounts, namely Trial, Bronze, Silver, Gold, Platinum and Diamond accounts. The minimum deposit specifies the trading account, with the Trial accounts asking for €250 - €9,999, Bronze accounts requiring€10,000 - €24,999, Silver accounts requiring €25,000 - €49,999, Gold accounts requiring€50,000 - €99,999, Platinum accounts requiring€100,000 - €249,999 and Diamond accounts requiring€250,000 - €999,999. Honestly, Pro Web Trader, this unregulated broker, asks for so high minimum deposits is 99% a scammer trying to steal clients money.

Account Types	Minimum Deposit	Maximum Leverage	Minimum Spreads
Trial	€250 - €9,999	1:200	n/a
Bronze	€10,000 - €24,999	1:200	n/a
Silver	€25,000 - €49,999	1:200	n/a
Gold	€50,000 - €99,999	1:300	n/a
Platinum	€100,000 - €249,999	1:300	n/a
Diamond	€250,000 - €999,999	1:400	n/a

　　Leverage

　　Pro Web Trader enables clients to use the maximum trading leverage up to 1:400, which is significantly higher than the appropriate amount set by many regulators: the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

　　Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

　　Customer Support

　　Pro Web Trader can be reached through calling it at +44 2476982916 or sending emails through contact@prowebtrader.com.

　　Risk Warning

　　Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

　　The information presented in this article is intended solely for reference purposes.

　　Pros & Cons

Pros	Cons
Multiple types of trading accounts	No regulation
High leverage up to 1:400	Insufficient company information
	Poor customer support
	Limited trading instruments
	High minimum deposit requirements