Properfly

Note: Properfly's official website: https://propermarketfx.com/ is currently inaccessible normally.

Founded in 2024, Properfly is a forex broker registered in the UK, offering trading through the MT5, including forex, commodities, cryptocurrencies and stock indices. It requires no minimum deposit. However, Properfly operates without regulatory oversight from any reputable financial body.

Pros and Cons

Is Properfly Legit?

No, Properfly is not regulated currently. Please be aware of the risk!

What Can I Trade on Properfly?

Properfly offers various product options, including forex, commodities, cryptocurrencies, and stock indices.

Forex: 62 currency pairs with low spreads.

Commodities: Include gold and silver as well as crude oil. Traders can specify on the price movements of gold and silver against the dollar.

Cryptocurrencies: Mainstream cryptocurrencies, including BTC ETH, BCH, ETC, DASH, ETC.

Stock indices: Various stock indices, including SPX500, GER30, UK100, FRA40, AUS200, JPN225, US30, NAS100, HK40 and ESTX500, the dollar index USDOLLAR, Hong Kong's hang seng index, the dow Jones industrial average, in London, the ftse 100, stanProperfly Limited rd &poor's 500, nasProperfly Limited q, Frankfurt, Germany, and France's CAC 40 index, the European Union (eu) 50 index, the nikkei index, Hong Kong's hang seng index, ASX 200 index, the Swedish stock 30, etc.

Account Type

Properfly offers only one live account and does not provide a demo account. This can be extremely risky for inexperienced beginners, so traders must proceed with caution.

Leverage

Properfly offers a standard leverage up to 1:100, which is relatively low compared to industry standards. 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.

Fees

Properfly does not charge commissions and has not disclosed specific spreads.

Trading Platform

Deposit and Withdrawal

Properfly requires no minimum deposit, but the information of deposit and withdrawal options, related fees and processing time is not mentioned.