Propex24-Some important Details about This Broker

Propex24 Information

Propex 24 is afutures trading firm regulated by ASIC in Australia. It has chosen the award winning SaxoPRO system to offer a multi-product single platform offering covering Futures, Equities both local and International, CFDs and FX. What's more, Propex 24 supports you a demo account giving hypothetical 100,000 USD to trade with for 20 days before opening a live account if you are a beginner.

Pros and Cons

Is Propex24 Legit?

Propex 24 is a legal and compliant futures trading platform. The license number for its business operation supervised by Australia Securities & Investment Commission(ASIC) is 000246488.

What Can I Trade in Propex24?

Propex24 allows investors to trade online or over 24/5.5 desk via the phone or email. With the partnership of Saxo system, this trading platform allows traders to access 3,500 products in Equities, Futures, Forex, Options, Bonds and CFDs over different asset classes.

Account Type

Propex24 offers a demo account and kinds of live account types to meet different clients demands. It devides into following five types to choose: Indivudual, Joint, Sole Trader, Company, Trust or Superannuation Fund.

Propex24 Fees

The platform does not provide comprehensive fee information. It just mentioned no inactivity fees. There is no clear indication of transaction fees, deposit and withdrawal fees, or any other potential fees. The lack of transparency in fee information is a concern regarding trading costs and potential profits.

Trading Platform

The Propex24 trading platform supports Android/iOS/Windows applications and tablet devices. Additionally, users can directly utilize the Web Trader function through browsers such as Chrome and Safari without the need for downloading. Equipped with AI technology, it can automatically identify various types of pending order types (such as buy limit orders, sell limit orders, etc.), assisting traders in managing orders, analyzing data, and monitoring investment portfolios of multiple products.