Pro TradeFX Review
Reason to avoid: Offshore license
Listed Date: June 27, 2018
Top 3 Forex Brokers
Beware Pro TradeFX Review is a Non-Regulated broker. It is NOT SAFE to trade.
- Our Review
- Pro TradeFX User Reviews
- Pro TradeFX News
Is Pro TradeFX Scam or Legit Broker?
No, it is not safe to trade with Pro TradeFX. Pro TradeFX is owned by Game Capital Ads Limited, which is an offshore company registered in St. Vincent and the Grenadine.
- St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost being low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Binomo, Monfex, and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.
About ProTradeFX
| 🗺️ Registered in | St. Vincent and the Grenadines |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is ProTradeFX safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
What is Pro TradeFX?
Pro TradeFX claims to provide premium-quality commodities and Forex trading services, which have fulfilled the commodities trading needs of clients since the creation of the company in 2013.
As to the Game Capital Ads Limited company, its image does not seem to be that perfect and reliable. This entity is known for managing unregulated brokers that have been involved in scams and blacklisted by different regulators. We have reviewed some of them (such as 247SmartFx and 247 World BTC Fx).
In addition, Pro TradeFX itself has entered the warning lists of several authorities:
- " We believe this firm has been providing financial services or products in the UK without our authorisation. This firm is not authorised by us but has been targeting people in the UK."
- " National Commission for Companies and the Stock Exchange has also ordered the following company (www.protradefx.com) to cease the infringement."
Pro TradeFX Review Conclusion
We advise all investors and traders to avoid Pro TradeFX and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia (Check out forex brokers Australia) and reliable brokers such as BlackBull Markets and FBS Forex.
You can also share your trading experience with Pro TradeFX by commenting on this review.
Pro TradeFX Update
Our findings showed that Pro TradeFX is no longer active. The broker’s website is unavailable to reach. Besides, there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.
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Is protradefx live legit
Do it use TradeFX scam they are part of trade vision. That just robbed me of 2500.00 dollars
They shut down the site. I can’t log in to withdraw my money
This company is a complete scam, as are their so called traders Laura Morena and Thomas Benett. They will ask for a small investment with promises of good returns. After a short period they will ask you to increase your investment. If you refuse they will quickly lose almost all your investment and then claim expenses against any balance. They will not return calls when asking for withdrawals. Be careful Laura Morena, if that is her real name, is very shrewd and persuasive.
Hi David, were you able to report them to any authority and get your money back? I had the same experience where the trader I was dealing with is not returning my calls and I have been locked out of my account! I hope you could share your experience and help.
I was scammed out of 356816EU by Jonas Helman of Protradersfx
DO NOT DEAL WITH THEM
Look out for a new scam called protraderfx.com who called me with the aim of stealing my money. They are not in London as they say and don’t have a license to operate as a forex broker which means they are a scam. They promise high risk free returns which is ridiculous and is a con. You will not be able to withdraw your money.