ProperTrade (Proper-trade.com) is a CFDs, Crypto Currency and Forex scam that is waiting to pounce on unsuspecting online investors. Proper Trade is purporting to offer users over 2100 trading instruments and access to global financial markets. PROPERTRADE is also offering Stocks, indices, bonds, and ETFS. Naomi sent us a compelling email revealing how she has lost money with this broker. Read this detailed and honest review of Proper Trade platform.
These scammers have come up with a compelling website that easily entices the eye. Landing on the website, one can easily believe that this is a trading platform. However, there’s more than meets the eye, don’t let the homepage fool you. These scammers are hiding their real motives behind this well thought out scam. This review is meant to help newbie investors spot the scam tricks used to lure them. Continue reading to find out more.
Claims and promises are what these scammers use to lure unsuspecting Forex investors. Crypto Currency investors are urged to sign up and trade in a volatile market. Institutions and professionals are promised the chance to trade digital currencies. All these are calls to ensure that users sign up. Immediately users sign up with this account, that’s when everything goes to hell. Make sure you read this entire review as we expose all their dirty tricks.
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According to the details on the about us page B-Market Limited owns ProperTrade platform. More details are posted regarding where their mother company is actually registered. B-Market Limited is registered in the Marshall Islands; it means we are dealing with an offshore broker. Never sign up with a broker who is based offshore, funds are never secure.
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Another disturbing detail regarding this broker is the fact that they refuse to share vital information. Who are the actual people running this brokerage firm? Have you noticed that there are no details regarding ownership of this platform? Who’s the CEO or CFO of this company? To make matters worse, this platform does not give details as to whether professional brokers are running this platform. Stay clear of this broker and makes sure you never sign up with them.
ProperTrade is nowhere near acceptable standards required to issue a trading license. Information given on the about us page is fake and meant to try and show legitimacy. How can this broker use fake credentials to prove authenticity? Registration number 100141 is used to by this broker to try and prove authenticity. Truth be told, this is simply a random number that scammers have used. Nobody should trust anything these fraudsters say or do.
Where are the copies of their registration documents? A real broker will easily post copies of their registration certificates and documents for all to see. This makes it easier for traders to verify the information with relevant authorities. Lack of these vital documents is proof that we are dealing with a professional scam outfit. Stay clear from this broker and never sign up with an unauthorized Forex broker.
Depositing money with this broker is the only detail that works, and there’s a reason for this. Anyone who deposits money with this broker will use available channels. These channels include American Express, MasterCard, Skrill, and Visa. This is not a valid reason to sign up with this platform. Reason why this broker uses these channels is to make sure investors have no excuse for not depositing. Problem with this broker is when it comes to withdrawing funds.
Withdrawing funds is what Naomi and other users have a huge problem with. As it turns out, this broker has refused anyone from withdrawing their funds. This is a scammer’s move where they refuse users to withdraw money by issuing lame excuses. Users are told that they haven’t reached the acceptable standards to warrant withdrawal. It means depositing money with this broker will leave you broker and no way of getting it back.
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For a broker who claims to have advanced charting tools, they have no live chat support team. How do they expect users to contact them when they face problems that require instant solutions? This is another red flag that we spotted with this broker. Lack of a live chat support team means this broker wants to remain anonymous. Make sure you stay away from a broker who is never available 24/7.
It’s clear that this broker simply wants to remain anonymous. They are afraid of the backlash they would face from authorities and victims. On their contact page, this broker asks for your email and phone number, why? During our investigation, we discovered that this broker is harvesting data for hackers. If you find a lot of spam mail it’s because you gave out your personal details to these scammers. Make sure you resist from giving out personal data.
It’s clear that this is an offshore broker who is trying to remain anonymous. Anyone who signs up with this broker will lose all their funds immediately they deposit. With all their hype, this broker fails to issue users vital information making them a certified scam. Where do they bank money deposited by users? It’s possible that investors maybe depositing money straight to the owner’s personal bank account.
When it comes to segregation of accounts, this is news to ProperTrade. What this means is that ProperTrade is pooling funds in one account. And this is another dangerous practice with this broker. In case of bankruptcy or insolvency, this broker will lose all funds at once. If this happens, an honest broker will compensate users. With Proper Trader, don’t expect any compensation; this broker does not participate in a compensatory scheme.
This broker claims to provide state of the art trading platform. They claim that their trading platform will suit all their clients needs. To test their platform, we decided to download it for ourselves. And this is where we faced another red flag. Download stalled at 41% which means that we are dealing with an unstable platform.
Unstable platforms are dangerous for all users as they leave traders vulnerable to cyber-attacks. Hackers find unstable platforms as easy prey for credit card information. These hackers will take over unstable platforms and derive credit card information. Make sure to stay away from this crooked platform.
Information we have clearly suggests that ProperTrade is a scam that investors should avoid. Make sure to stay away from this broker and ignore all their pleas to sign up. Mark all their emails as Spam and never click on any links sent by these scammers. Warn your friends and relatives from signing up with this broker. Resist any attempts or calls made by their agents to sign up with this broker.
Evidence clearly suggests that we are dealing with a rogue broker. Our next option is to add this broker to our scam blacklist. It’s our hope that relevant authorities will look into this website and shut their whole operation down. This should be what authorities investigate and make sure these crooks are kept behind bars.
Make the smart move today and partner with experienced and professional Forex brokers. Efficient and Genuine Forex brokers will guarantee your safety when trading Forex. Go for Accountable and Transparent Forex brokers at all times. Start making realistic profit margins with Credible and Dependable Forex brokers today.
Lastly, we wish you all the best in your Forex trading experience.
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