Home -

Main body -

WikiFX Express

Protradespot

Protradespot | 2022-12-23 18:07

Abstract：Protradespot is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:300 on the web-based trading platform, as well as 24/5 customer support service.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature	Detail
Regulation	No regulation
Market Instrument	CFDs on the currency, commodity and stock
Account Type	N/A
Demo Account	N/A
Maximum Leverage	1:300
Spread	N/A
Commission	N/A
Trading Platform	web
Minimum Deposit	$50
Deposit & Withdrawal Method	N/A

Protradespot is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:300 on the web-based trading platform, as well as 24/5 customer support service. Here is the home page of this brokers official site:

As for regulation, it has been verified that Protradespot currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.01/10. Please be aware of the risk.

Market Instruments

Protradespot advertises that it offers access to 2,100+ trading instruments in financial markets, including CFDs on the currency, commodity and stock.

Leverage

The maximum leverage provided by Protradespot is 1:300. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.

Trading Platform Available

Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Protradespot gives traders a web-based trading platform. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

The minimum initial deposit amount at Protradespot is said to be only $50. However, the broker says nothing about the deposit and withdrawal methods.

Customer Support

Protradespots customer support can be reached by telephone: +44 2038560852, email: support@protradespot.net. Company address: 12 Endeavour Square, London E20 1JN.

Pros & Cons

Pros	Cons
• Low minimum deposit ($50)	• No regulation
• Low minimum deposit ($50)	• Lack of transparency

Frequently Asked Questions (FAQs)

Q 1:	Is Protradespot regulated？
A 1:	No. It has been verified that Protradespot currently has no valid regulation.

Q 2:	Does Protradespot offer the industry-standard MT4 & MT5？
A 2:	No. Instead, Protradespot offers a web-based trading platform.

Q 3:	What is the minimum deposit for Protradespot？
A 3:	The minimum initial deposit at Protradespot is said to be $50.

Q 4:	Is Protradespot a good broker for beginners？
A 4:	No. Protradespot is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

Leverage Broker Currency Pair Dealer Forex trading Forex Broker Forex Currency pair forex market Stock commodities WebTrader

Related broker

No Regulation

Protradespot

Company name：Protradespot

Score

1.35

Website：https://www.protradespot.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.35

RM5.9M Lost to "Davidson Kempner Capital Management" Facebook Scam

A private contractor in Malaysia faced a devastating loss of over RM5.9 million after falling victim to a fraudulent investment scheme promoted on Facebook. Tempted by the scheme’s impressive claims and credentials, the victim began investing in September 2024. The investment process required him to download an application called A-Trade, which was readily available on the Apple Store.

Original 2025-01-09 18:13

This Economic Indicator Sparks Speculation of a Japan Rate Hike!

The latest data shows that Japan’s base wages in November rose by 2.7% year-on-year, marking the largest increase in 32 years, fueling speculation about a potential BOJ rate hike, but Governor Kazuo Ueda’s dovish remarks in December have shifted market expectations toward a potential delay in policy adjustments.

Original 2025-01-09 17:05

Challenge Yourself: Transform from Novice to Expert

From a forex novice to a trading expert, all it takes is this one opportunity! Join us for the Forex Beginner's Advancement Journey challenge and unlock your potential! Here, if you're a beginner, participating in the event and posting on selected topics will not only deepen your understanding of forex basics and help you advance but also earn you a Learning Encouragement Award. For those with some experience in forex, discussing insights under the event topics will allow you to exchange experiences and share techniques with like-minded peers, while also having the chance to win a Perspective Sharing Award! Come challenge yourself and break through the limits of forex trading together!

Original 2025-01-09 16:37

Big News! UK 30-Year Bond Yields Soar to 25-Year High!

Following the successful auction of 30-year government bonds by the UK, the yield on 30-year bonds surged, reaching its highest level in 25 years. This increase reflects growing concerns in the market over the government's fiscal policies and large-scale debt issuance.

Original 2025-01-08 21:00