ProTrade Review: a Complete ECN Investment Scam

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ProTrade Review: a Complete ECN Investment Scam

ProTrade is offering investment services to investors around the world. The company market itself as a legit ECN broker. The platform is trading various assets like digital currency, Forex, and stocks.

They promised investors leverage of 1:100. The entity accepts deposits via multiple currencies like EUR, USDT, USD, ETH, GBP, and BTC. They have several features that make them believe to be pro traders.

The minimal amount that you can withdraw from this company is very high, which is $300. The legit Investment venture will process a cash out of lower than this amount. We do not know what is with ProTrader 100 when it comes to displaying huge figures.

The venture avails free research to their customers, market analysis, as well as advanced charting.  Sadly, this is not a trustworthy venture, and you should be very careful when engaging with such a platform.

To get started, you need to register by opening a trading account. Proceed to deposit money into your account; then, its team will verify the info that you share with them. You can start trading after completing these steps.

Protrade Review, Platform

ProTrader 100 claims that once you join them, you will start trading like an expert. Their services are allegedly secure and safe. Unfortunately, they will steal all your money without having second thoughts. One of the drawdowns is that the entity does not disclose who is responsible for their activities.

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The company does not disclose its trading condition to investors. The information they have on their website is inadequate. Additionally, the entity does not give a trader any reason to trust them as they don’t present their offer.

We do not recommend their services to members of the public reason being this is a shady firm. There is multiple better forex trading software in the market that you can use to trade automatically.

The risks that investors are exposed to by this venture are huge. In case you are wondering if the promises ProTrader 100 make are legit, we hate to break it down to you that you cannot make a profit using a scam entity.

The company is using a necessary web-based interface. Therefore, they do not offer the MT4, or MT5 investors who are used to this platform will not find this an appealing place to trade. The venture is a platform that does not have a trading history.

The platform was registered in March 2020, and it is a possibility of them going out of the market soon. The additional do not have much traffic coming to their website. The platform state that them being a web-based entity investor does not need to download anything.

The platform needs clients to share their identity documents, utility bills for the previous two months. You should not share such data with scammers because they will use it against you. The firm wants to establish your address, and since they have the necessary info, they can perform dirty business with your details.

Investment Plan

The company has multiple investment plans that are at the disposal of their clients, and they have a total of five trading accounts that vary in prices and services. The first investment plan is the standard package. It offers leverage of 1:200, which is the same for the preceding three two accounts.

Its margin is 25%, and investors will receive daily news of the market. Additionally, it has a trading service and report of the portfolio progress every week. You have to deposit funds worth $10,000 to benefit from these services.

The silver package needs a deposit of $50,000. The margin is 35%, and the account is allegedly being monitored around the clock by expert analysts. Moreover, they claim you will work with a portfolio manager. Investors will receive daily market analysis as well as portfolio progress. ProTrader 100 also promises a monthly session with the verified manager.

The gold package has a 50% trading margin and webinars, and you have to deposit an amount of $100,000. The VIP account has a 75% margin with customized educational services, and you will also be assigned a VIP advisor. The last investment account is the most expensive of them all.

The pro account promise investors very high leverage of 1:400 and a margin of 100. You have to deposit an amount of $1,000,000 ( we do not know how many traders can afford this package.) The platform state that investors will have unlimited access to brokerages. You will also get high returns with tight spreads.

As you can see, all of their plans are very expensive. The company does not have a performance report to show investors the worth of their money. Hence, trusting them with such a vast amount of money is a foolish idea.

Customer Support

The entity state that they have a friendly customer support team that is ready to assist their clients. They operate 24/6. The firm is allegedly located at One Canada Square, Canary Wharf, London, UK, E14 5AA.

You can contact the support via telephone at; +442038079196 or on email; [email protected].  Since this entity claim to be based in the UK, they ought to have a license from the FCA.

However, since they are an illegal investment venture, nobody would permit them to operate. ProTrader 100 will therefore run their entity; however, they please without answering to anyone.

Ensure you settle with a company that is either regulated by the renowned financial watchdog like ASIC, CySEC, NFA; among others, your money will be in safe hands.

False Testimonials

Despite the company being new in the industry, they have many investors who endorse them. Some praise the withdrawal verification while others are in love with the company’s demo. Clients also claim that their investment is growing speedily.

Some investors also state that support is very responsive and generous. The review does not seem legit, and all of them are from Trustpilot. There are no profiles or images of the people leaving these reviews behind.

Additionally,  the reviews are not verified. The company might have paid people to leave positive remarks. We would love to see proof of payment. Also, there is one person who claims to be receiving an endless phone call from this shady platform despite warning the entity to take his name off their register.

It is clear that ProTrader 100 has no good intention. Do not make an assumption based on the reviews that the firm has on Trustpilot. The entity is not legit, and they will steal your money. The venture cannot draw a line as they claim to accept a minimal amount of $250 while in another section, they say a different thing.

Final Verdict

ProTrader 100 is an unregulated broker that is operating as they please. The company does not have any legit services that they are offering to investors. Their investment plans are expensive for nothing, and we would advise clients to stay away.

The withdrawal requests take a lifetime of 7 days to proceed. We do not know why this delay. We are not happy with how this company is operating. Invest with legit Forex trading software in the market that will guarantee you receive real-time earning.

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