Protraderfx

Protraderfx | 2024-10-10 12:26

Extrait：Protraderfx provides trading in shares, forex and more instruments with the lower spread from 0 pips. However, there are many pitfalls. First, it has no regulation and their website is not available. Second, they only accepts Bitcoin as the funding methods.

Note: Protraderfx' official website: https://protraderfx.com/ is currently inaccessible normally.

Protraderfx Review Summary
Founded	2021
Registered Country/Region	United Kingdom
Regulation	No regulation
Market Instruments	Shares, forex, commodities, cryptocurrencies, ETFs, options and indices
Demo Account	❌
Leverage	Up to 1:500
EUR/ USD Spread	From 0 pips
Trading Platforms	Mobius Trader, Binary Options platform
Minimum Deposit	$200
Customer Support	/

Protraderfx provides trading in shares, forex and more instruments with the lower spread from 0 pips. However, there are many pitfalls. First, it has no regulations and the website is not available. Second, they only accepts Bitcoin as the funding methods.

Pros and Cons

Pros	Cons
Various tradable products	Not regulated
	Inaccessible website
	Only accepting Bitcoin as payment methods
	No ways to contact
	No MT4 or MT5

Is Protraderfx Legit?

Its a dubious, unregulated brokerage that operates entirely anonymously, putting your funds at risk if you decide to deposit. Furthermore, their website is currently inaccessible. As a result, Protraderfx cannot be considered a legitimate broker.

What Can I Trade on Protraderfx?

Protraderfx is a provider of Contracts for Difference (CFDs), delivering trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options and indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Options	✔
ETFs	✔
Shares	✔
Mutual Funds	❌

Account Type

Protraderfx offers three kinds of live accounts, including the STARTER, ULTIMATE and PREMIUM accounts with the minimum deposits of $200, $25,000 and $5,000.

Leverage

Protraderfx provides a maximum leverage of 1:500 for all account types. This high leverage can amplify profits, it also comes with increased risk.

Protraderfx Fees

The STARTER account is commission-free, perfect for beginners and those looking to minimize trading costs. The ULTIMATE account offers spreads from 0 pips with a $5 commission. The PREMIUM account, with spreads starting from 0 pips and a $8 commission, is designed for professional traders.

Trading Platform

Protraderfx provides two trading platforms: Mobius Trader and Binary Options platform. Compared to MetaTrader, Mobius falls significantly short in terms of functionality and available features.

Deposit and Withdrawal

In Protraderfx, Bitcoin is the sole accepted payment method (no chargebacks available). This exclusive deposit option is highly concerning, especially given that cryptocurrency deposits are irreversible and cannot be charged back!

The Bottom Line

In conclusion, Protraderfx is not a good choice for traders. Its business activities are beyond the regulation. Besides, there are no ways to contact them and their website is not available so that their trading conditions are not transparent and reliable.