Score
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
Australia Appointed Representative(AR) Revoked
High potential risk
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Comparison
Quantity 48
Exposure
Score
Regulatory Index0.00
Business Index6.39
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
Prorods Limited
Company Abbreviation
Prorods
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
I have been unable to withdraw money from the prorods platform for nearly two weeks
The customer manager keep delaying the payment and ask people to pay fees. The channel fee is paid when it said at the beginning. Then, it requires fees for bank and margin. It is clearly a fraud.
It is said that you can join the club, you can withdraw money, and you also say that you can earn the money you should earn. Why do you still deceive people? It is basically a fraud group. Everyone’s money is hard-earned money. Do you sleep peacefully in this kind of fraud? Don't be deceived again
If you want to withdraw money, you have to pay a channel fee of over 900,000. The application for withdrawal was approved on 2021/12/29. It has always been said that there are many people waiting in line. After further questioning, he said that it will be dealt with before 1/20, and then changed to 2/15. It has been delayed all the time, and the customer service manager has been unable to contact. The mailbox on the official website page is the mainland QQ mailbox, not the customer service mailbox. LINE is also blocked. It appeared on 1/17 for a while. They block me after saying "yes", then disappeared from the world.
Unable to withdraw. It requires to pay ten thousands margin before withdrawal. It is totally a fraudulent tricks.
After I deposit the fund, they do not withdraw for me and require me to pay margin. It is totally a scam. I demand for $5000 of mediation fees. I had a wrong account for the mediation fee, so I can't make a deposit and ask for a readjustment.
I made a mistake in my mediation account and I couldn't make a deposit, so I have to re-adjust it. In addition, I think their fraudulent practice of making it impossible to withdraw money is too abhorrent. I decided to ask for a mediation fee of 5,000 US dollars. I hope you come with sincerity and meditate with me, and give justice to everyone who has been deceived
This platform has been exposed half a year ago, and there has been no follow-up of the withdrawal. For a period of time, the entire platform was directly disconnected and no one could be found at all. A few days ago, the customer service was activated again, and I took the initiative to tell me that I could withdraw the money... Actually, I am really curious, you asked me for NT$150,000 without even asking for my account number. Do you think it is? strange? Is it interesting to deceive like this? It's really easy to make money, and it's not easy to catch people. Taiwan's sentence for this kind of fraud is light, but I think you will have to die in the future.
Unable to withdraw for a month. I waited for 18 days and someone showed up telling me to show proof, and then disappeared.
Withdrawal approval passed. The application for withdrawal on 2022 1/27 and said that it will be credited to the account on 2022 2/15, but it has not been credited until now. They also lied that after joining a member, you can withdraw money for free
Saying that the account cannot be withdrawn and the account is frozen and it requires a margin of 100. The stock company promises to help and take the dividend and occupy it directly, and then ask me to pay the money again, sign the contract, and then say that this contract is invalid. Tianji is a scam and block the website of prorods. To be honest, it would be nice to make more money, and I am not happy to be defrauded.
In October this year, I was brought into this platform by a female assistant through the Line group. I invested 400,000 Taiwan dollars. At the beginning, I received 600 US dollars and remitted it to my account. After a month of copying, I want to get my principal back. It took 10 days for me to reply that I should remit the profit share before I can withdraw the money. Now the female assistant has disappeared and no one can be found. The trader and the customer service of the stock company said that I need to pay the channel fee before I can withdraw the money. I checked the Internet today and I have paid the channel fee, but I can't withdraw the money. How dare I remit it?
Unable to withdraw gold, the customer complained that the received SMS could not be read, you can email: alvinch123@yahoo.com.tw, thank you!
After joining the foreign exchange, it is normal to withdraw a small amount of money. If you need to withdraw a large amount of money after you increase your investment and make a profit, they will find a lot of reasons to demand urgent fee, channel fee, handling fee...etc. scam group
The assistant insisted that there would be no risk to induce the deposit investment, signed the guarantee agreement to keep it confidential, and had to follow the operation. After the loss, the investor and the prorods manager would be asked to apply for a credit loan. Withdrawal, but the assistant said to pay 10% channel fee, the prorods manager said it was 30% channel fee, if you don't pay it, you will wait slowly, but now after the new year, the person disappears and there is no response??????? ?
Tianjishe told everyone to withdraw the money on 12/23, and then asked the manager to guarantee the contract when the money was withdrawn. In the end, nothing was obtained, and it also said that the money was frozen and had to pay 1 million before it could be withdrawn. What is this... .. My money was locked on it, and I gave a dividend of 1.5 million and a channel fee of 0.88 million, and then the 6.34 million dollars in the account was not successfully withdrawn. The above shows that the pass is completely deceiving, and then the person ran away, the contract was invalid. Is it useful to sign the contract? What about the boss's handling? There is money to be made, but this kind of fraud is unpleasant
| Aspect | Information |
| Company Name | Prorods |
| Registered Country/Area | United Kingdom |
| Founded year | 2015 |
| Regulation | Unregulated |
| Market Instruments | Currencies, metals, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage | Up to 1:500 |
| Spreads | As low as 0.0 pips |
| Trading Platforms | Proprietary platform |
| Customer Support | Support@prorods.com |
| Deposit & Withdrawal | N/A |
Prorods, founded in 2015 in the United Kingdom, expanded its presence by establishing cloud servers in the UK, US, and HK in 2016. While Prorods offers a wide range of trading assets, including currencies, metals, commodities, indices, shares, and cryptocurrencies, its proprietary platform deviates from the popular MetaTrader platform, potentially inconveniencing traders.
However, the platform's unregulated status raises risks about transparency and accountability. Moreover, customers encounter challenges with Prorods' inaccessible website and inadequate customer support, contributing to dissatisfaction among traders.
The regulation status of Prorods, with its license revoked by the Commonwealth of Australia Regulatory Authority, directly impacts traders on the platform. With its Appointed Representative (AR) license revoked and regulatory oversight by Australia, traders face heightened uncertainty and risk.
Prorods is also unauthorized by the National Futures Association (NFA) and lacks a Common Financial Service License, which significantly influences traders on the platform. With the absence of NFA authorization and regulation by the United States, traders confront heightened uncertainty and risk.
In addition, Prorods is identified as a suspicious clone by the National Futures Association (NFA), lacking a Common Financial Service License, which significantly impacts traders on the platform. With the NFA's designation of Prorods as a suspicious clone and absence of proper licensing, traders face heightened uncertainty and risk.
| Pros | Cons |
| Wide range of trading assets | Official website inaccessible |
| High leverage(1:500) | Customer support falls short of expectations |
| Non-MetaTrader trading platform | |
| Exposure to allegations of fraudulent practices | |
| Unregulated |
Pros:
Wide Range of Trading Assets: Prorods offers traders access to an extensive array of trading assets, spanning over 200 products across various categories.
High Leverage: Prorods provides traders with high leverage, with ratios of up to 1:500 available. This level of leverage allows traders to amplify their potential returns on investment.
Cons:
Official Website Inaccessibility: Prorods' official website is inaccessible, which can pose significant challenges for traders seeking essential information about the platform, including account management, trading conditions, and regulatory status.
Customer Support Falls Short of Expectations: Prorods' customer support fails to meet expectations, characterized by delayed responses and inadequate assistance.
Non-MetaTrader Trading Platform: Prorods does not offer the popular MetaTrader trading platform, opting instead for its proprietary platform.
Exposure to Allegations of Fraudulent Practices: Prorods has faced allegations of fraudulent practices, including pyramid schemes and deceptive withdrawal requirements.
Unregulated: Prorods operates without regulatory oversight, exposing traders to heightened risks associated with unregulated trading environments.
Prorods offers a wide range of trading assets to global traders, encompassing over 200 types of products across various categories.
Currencies form a significant part of Prorods' asset portfolio, allowing traders to engage in forex trading with major and minor currency pairs.
Additionally, traders can explore opportunities in metals, including gold, silver, and platinum, providing avenues for diversification and hedging strategies.
Commodities such as crude oil, natural gas, and agricultural products offer further opportunities for trading and investment.
Prorods also provides access to a wide array of indices, enabling traders to speculate on the performance of global markets.
Moreover, traders can invest in individual shares of renowned companies, facilitating participation in equity markets. With the growing popularity of cryptocurrencies, Prorods includes a selection of digital assets like Bitcoin, Ethereum, and Litecoin.
Prorods offers a maximum trading leverage of up to 1:500, which is relatively high. While leverage can enhance potential returns, it also magnifies the risks of losses.
Prorods claims that spreads on its platforms are as low as 0.0 pips. spreads differ depending on different trading accounts. The spread on the EUR/USD pair is 1.3 pips, with no commissions charged. The spreads in the ECN account start from 0 pips, involving certain commissions.
When it comes to trading platform available, Prorods offers its traders not the famous MetaTrader platform, instead their propriety platform, which users can download it on the Google Play and App Store.
Prorods' customer support, accessed via support@prorods.com, falls short of expectations. Responses are often delayed, leaving customers frustrated and dissatisfied with the level of assistance provided. Queries are frequently met with generic responses lacking in-depth solutions, further exacerbating customers' sense of frustration.
Prorods has garnered significant exposure regarding issues surrounding withdrawals, with numerous complaints highlighting delays and difficulties in accessing funds.
Allegations of fraudulent practices, including pyramid schemes and deceptive withdrawal requirements, have surfaced, further tarnishing the platform's reputation. Customers have expressed frustration over prolonged delays, unresponsive customer service, and demands for additional fees.
In conclusion, Prorods presents a mixed picture with both advantages and disadvantages. On the positive side, it offers a wide range of trading assets spanning currencies, metals, commodities, indices, shares, and cryptocurrencies.
However, significant drawbacks mar the trading experience. Prorods operates without regulation, exposing traders to increased risks and undermining trust in the platform's integrity. Moreover, issues such as an inaccessible website, inadequate customer support, and reported withdrawal difficulties contribute to frustration and dissatisfaction among users, highlighting the platform's shortcomings and hindering its effectiveness as a trading platform.
Q: Is Prorods regulated？
A: No, Prorods operates without regulatory oversight.
Q: What trading assets are available on Prorods？
A: Prorods offers a wide range of assets including currencies, metals, commodities, indices, shares, and cryptocurrencies.
Q: What is the maximum leverage offered by Prorods？
A: The maximum leverage available on Prorods is up to 1:500.
Q: How can I contact customer support？
A: You can reach Prorods' customer support via email at support@prorods.com.
Q: Is the Prorods trading platform MetaTrader？
A: No, Prorods offers its proprietary trading platform, which is available for download on Google Play and the App Store.
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2022-12-20 11:55
