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Prudent International is a forex trading company that welcome day traders as well as scalper investors to try out their services. The platform claim that you will attain high earning if you venture with them.
Those who trade using ECN brokers are welcome in this entity. You will enjoy trading at high speed and learn how to gain in the volatility market. The company views itself as a multinational forex broker.
The company claim that they have a very able team that consists of various professionals. They have both the skills and training in the forex market. Additionally, Prudent International state that they have +30 years of experience in the field.
The platform has spread for their clients that go as low as 1.5 for EURUSD currency pair. The firm also guarantees that investors can execute trade instantly. You will have a better opportunity to earn.
Investors can also enjoy high leverage while trading, and the company does not have maturity in the forex position. Prudent International states that it has competitive services. The entity is also offering free forex education, RobotX, and AutoChartist.
It is funny that this company is talking about transparency while theirs is lacking. The team that they talk about does not have sufficient information on them. The entity expects us to believe while there is no evidence available.
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The company is trading Forex, indices, commodities, and precious metals. Additionally, the platform does not have multiple investment accounts. They only have a single investment plan that requires a deposit of $2000. For starters, this is much money since better entities are offering their services at an affordable fee.
Moreover, we do not like the way Prudent International limit clients to only one account. The platform has broken links, which once you click them, you will be led to the same page. To become a member of this entity, you have to provide an email address, full name, and a telephone number.
Additionally, they promise huge returns while the platform does not have trading results available. The company needs to give us more visible proof for us to believe they are performing trading activities. We doubt the way this entity is operating.
Invest with reputable forex trading EA that is legit. Your security will be put as a priority, and you won’t lose money to fraudsters. The company does not verify whom their founder is raising even more suspicion.
Prudent International is using the MT4 interface, which is compatible with various devices. The majority of trades love the platform due to its ease of use and speed.
Trading Conditions
The company claim they have a tight spread of 1.5; however, when we tried their demo account, this is not what we got. The speed that we achieved was that of 2 pips. It’s not a very attractive outcome since there is a better entity that offers tight spread than Prudent International.
The platform also has a leverage of 1:200; it is essential to note that the amount might seem appealing, but entities are offering more. However, kindly note that you can attain huge profits when the leverage is high, but it can go both ways. Severe losses can also be reached within a few seconds.
Novice traders should ensure they stick to companies that do not expose them to enormous risks until they gain the relevant skills. Additionally, the various government limits the leverage to 1:30 up to 1:50; this assists traders in managing the risks.
Withdrawal and Deposit Requirement
The minimal amount that is accepted in Prudent International is $2000. We have a problem with this high figure because, for starters, the company is not transparent, yet they are asking for a large deposit. Moreover, the average amount that the forex company asks for is $250.
There is nothing unique regarding this shady venture. The only method that the company is using to accepting funds is a digital currency, wire, and bank transfers. Nonetheless, we always advise investors to be wary of entities that ask for money using crypto. This is because you cannot reverse or trace the transaction.
Contact Details
Prudent International is operating in a discreet area. The company does not feature their office address on their website. Anonymity is a characteristic that is familiar with the scam entity. Moreover, they do not provide a convenient method of communication with their customers.
To contact them, you have to fill out a contact form. You might end up waiting eternally before getting feedback. If you deposit funds with this company, that will be the end of it. They will cut all connection with you.
Regulation Status
Indonesia’s financial body BAPPEBTI allegedly regulates the company. They also feature their licensing certificate for transparency purposes. However, one of the shortcomings is that the document is not accessible in English; hence you cannot translate what is written.
We did not give up and decided to head up to the commodity future trading supervisory agency website to perform a quick search. Sadly, Prudent International did not appear in the database of BAPPEBTI. Additionally, we also checked for the licensing number that the entity avail only to discover that it does not belong to them.
The company is using false information to win over investors. The majority of the investors do not know how to determine the legibility of an investment venture; therefore, they will just buy any information that is available to them.
As an investor, make sure that you stick to regulated entities in the market. Your money will be in safe hands, and you will have a guarantee that in case anything goes wrong, you will be compensated. Investors’ funds are not in safe hands, and this is a desperate scheme that will say anything to win you over.
Funds Safety
The prudent International claim that one of their top priority is ensuring the funds of their clients is safe. They have four guiding principles to make sure the money is secure. The entity state that they segregate investors’ money in different financial institutions.
Therefore, the company’s account is different from clients. Additionally, this company also state that they have investors compensation fund (ICF). Regarding funding safety Prudent International has partnered with multiple financial institutions in Indonesia like bank central Asia.
Moreover, the company is also allegedly licensed by ICDX, BAPPEBTI, and ICH. Unfortunately, this is another ploy to win the trust of traders. The information available is bogus and misleading. The firm is not licensed, and you will not get any funds safety from them.
Additionally, the platform does not have a term and condition page, meaning no rules and investors do not bid them should avoid this venture. The link to this information is broken. Traders should not waste any more time on this scam and should look for another alternative in the market.
Final Verdict
Prudent International is a company that is to no good. The entity is shady in all nature, and clients should not transact with them. The company is lying about their regulatory status to continue stealing from innocent traders.
Instead of trusting such a shady entity, make sure you trade for yourself. You can use legit forex trading software that is transparent. The safety of your money should come first; therefore, engaging with licensed entities is key.
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