Score

4.16 /10
Average

Prodigit

Regulated in Cyprus

Straight Through Processing(STP)

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index5.50

Business Index8.20

Risk Management Index0.00

Software Index4.95

License Index3.92

Time Machine
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Licenses

VPS Standard
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Single Core

1G

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Broker Information

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Company Name

Prodigit Investments Limited

Company Abbreviation

Prodigit

Platform registered country and region

Cyprus

Company website

Company summary

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WikiFX Risk Alerts 2
Previous Detection : 2024-09-20
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Prodigit · Company summary

General Information& Regulation

Prodigit, an experienced financial corporation in Cyprus with the trademark of Prodigit Investments Limited, which is regulated and authorized by Cyprus Securities and Exchange Commission (CYSEC) under license number 200/13, moreover, the company office was located at 60 Vasileos Pavlou, Agios Dometios, 2360 Nicosia, Cyprus. In addition, Prodigit provides clients with access to the global markets, offering a plethora of financial assets with a focus on the premium service and instant execution makes Prodigit a priority choice for clients.

Market Instruments & Services

Prodigit is a leading provider of online trading services, offering traders a world-class trading experience with plenty of instruments and premium services ranging from Fixed Income Securities, Equities, FX, and Derivatives, as well as Custody and Safekeeping of securities and funds. Concerning the services of Prodigit, it offers clients an array of tailor-made services intending to carry out a decent trading environment, that is Reception and Transmission of Orders, Execution of Orders, Portfolio Management, as well as Ancillary Services, for example, safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management.

Spreads & Commissions

Concerning the commissions, clients are required to pay the various fees in light of the financial assets, indeed, the reception and transmission of orders and execution of orders take the different charges, for instance, for reception and transmission of orders, the European Equity and ETFs of On-going charges related to the provision of the service is capped at 0.10%, while for the execution of orders is 0.40%, moreover, the portfolio management takes a small charge between 0.9% and 1.50% per year. Concerning the ancillary service, for the fees of safekeeping and administration, there is a minimum fee of €150 if any Financial Instruments are held for safekeeping, additionally, if clients would like to know more about Costs and Charges, you can search the official website on your own.

Trading Platform

Prodigit is non MT4/MT5 software provider, instead, clients are allowed to apply on a web-based trading platform that supports multiple time frames, charts, and some of the most popular drawing tools and price indicators.

Customer Support

If you have a query about the transaction, please call at +35722778510/fax at +35722260828, or e-mail at info@prodigitinvest.com at an appropriate time.

Risk Warning

Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisors.

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FX1633002179
more than one year
First off, the order execution speed is like watching paint dry. When you're trying to make moves in fast markets, every second counts, and Prodigit just isn't cutting it.And here's the kicker – no MT4 or MT5 platforms. Like, seriously? These platforms are pretty much the bread and butter for traders, offering all the tools and charts we rely on. Without them, it's like going into a gunfight with a slingshot.
First off, the order execution speed is like watching paint dry. When you're trying to make moves in fast markets, every second counts, and Prodigit just isn't cutting it.And here's the kicker – no MT4 or MT5 platforms. Like, seriously? These platforms are pretty much the bread and butter for traders, offering all the tools and charts we rely on. Without them, it's like going into a gunfight with a slingshot.
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2024-03-08 15:58
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