Score

1.33 /10
Danger

Forex Pro Trade

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Expose

Exposure

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Website

Score

Regulatory Index0.00

Business Index5.65

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Forex Pro Trade · Company summary

Note: You can't access Forex Pro Trade's official website: https://www.forexprotrade.io right now.

Forex Pro Trade Information

Forex Pro Trade started in 2022 as an unregulated broker company with registration in the United States.

Forex Pro Trade Information

Is Forex Pro Trade Legit?

Forex Pro Trade is seen to operate without regulatory control. This lack of rules might put investors at higher risk, since no one watches over or makes sure they play fair.

Is Forex Pro Trade Legit?

Downsides of Forex Pro Trade

  • Unavailable Website

Investors can't reach Forex Pro Trade's main website now, which makes them wonder if it's reliable or easy to use.

  • Lack of Transparency

Investor understanding regarding what Forex Pro Trade remains limited due to insufficient information concerning this platforms operations and dependability.

  • Regulatory Concerns

It is unclear whether the company has any regulatory status, which makes it hard to trust its overall integrity and protect investors interests at large thus such matters have left its regulative position in doubt.

  • Withdrawal Difficulty

A user on WikiFX left a report on using the application where he cited many challenges in the process of withdrawal of funds. This concern was still unsolved after one week and more with the request still pending.

Negative Forex Pro Trade Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative Forex Pro Trade Reviews on WikiFX

As of now, there was 1 piece of Forex Pro Trade exposure in total. I will introduce it.

Exposure 1. Alleged Scam

ClassificationAlleged Scam
DateMarch 14, 2023
Post CountryUnited States

Conclusion

Using a non-regulated platform like Forex Pro Trade can lead to security issues. For that reason, investors are advised to select regulated brokers that ensure transparency in their operations as well as legal compliance with the law when it comes to investments. Look out for platforms monitored by recognized regulatory bodies because they are much safer trading bases.

User Reviews

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User comment

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Comments

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王宗玺
more than one year
It is a very big scam, you invest a little money thereafter they constantly ask you to deposit more and more and it ends up you depositing money which is more than the profit!!!!! I have been trying to withdraw money but I am unable to...SCAM SCAM SCAM. The address for Forex Pro Trade is fake, the email address is not in service.
It is a very big scam, you invest a little money thereafter they constantly ask you to deposit more and more and it ends up you depositing money which is more than the profit!!!!! I have been trying to withdraw money but I am unable to...SCAM SCAM SCAM. The address for Forex Pro Trade is fake, the email address is not in service.
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2023-03-14 18:03
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