FOREX TRADING PRO

ForexTradingPro is a retail forex and CFD broker that launched under the brand name 'FOREX TRADING PRO' and operates the website forextrading.pro. According to known records, the company was founded on July 30, 2020, and is registered in the United States. However, the broker’s own website lists a corporate address in Saint Vincent and the Grenadines (Suite 305, Griffith Corporate Centre, Beachmont, Kingstown) and names the legal entity as 'Prof Trading LLC, Reg.N. 2622.' This discrepancy between the registration country and the operational address is a point of note for potential clients.

The broker presents itself as a market professional built to provide unrestricted trading freedom. It claims to employ a full STP/NDD execution model, passing all client orders directly to liquidity providers without interference. The target audience appears to be retail traders, particularly those who favor scalping, high-frequency trading, and high leverage.

Our review found that ForexTradingPro does not hold any financial services license from a recognized regulatory authority. The known facts indicate 'Regulators on file: NONE,' and the broker’s website makes no mention of regulatory oversight. The listed address in Saint Vincent and the Grenadines is a jurisdiction known for minimal regulatory requirements, which does not provide the same level of investor protection as major regulators like the FCA, ASIC, or CySEC.

The absence of regulation is a significant risk factor. Traders should be aware that there is no independent oversight of the broker’s operations, no guarantee of fund segregation, and no access to compensation schemes. FXCanary’s Scam Risk Score of 75/100 (Severe) reflects these concerns.

ForexTradingPro offers a single account tier: the Pro Account. According to its website, this account features raw spreads from 0 pips on major forex pairs, with a commission structure of $15 per million dollars traded (equivalent to $3.00 round turn per standard lot). There is no minimum deposit requirement, making it accessible to traders with limited capital. Leverage is offered up to 1:1000, which is exceptionally high and carries considerable risk.

The broker allows all trading strategies, including scalping, hedging, and news trading. An Islamic swap-free account is available upon request. The account currency can be USD or EUR. The stop-out level is set at 40%, and the minimum trade size is 0.01 standard lots.

The broker offers its own proprietary trading platform, which it describes as 'award-winning' and built on 'well-known and widely accepted analytical trading systems.' The platform provides nine time frames, three chart types, over fifty technical indicators, and support for Expert Advisors (EAs). It is available for desktop and potentially mobile use, though the website does not specify mobile app availability.

Notably, ForexTradingPro does not offer popular third-party platforms like MetaTrader 4 or 5, cTrader, or TradingView. This may be a drawback for traders accustomed to these platforms and their ecosystems. The proprietary nature also means that the platform's reliability and security are harder to verify independently.

ForexTradingPro provides access to 40 currency pairs, covering major, minor, and exotic pairs. Additionally, it offers trading in precious metals (gold and silver) and crude oil. The broker emphasizes that it provides direct market access (DMA) and ECN execution, with price feeds from large banks. No information is provided about other asset classes such as indices, shares, or cryptocurrencies beyond the funding options.

The instrument list appears limited compared to multi-asset brokers. Traders seeking diversification beyond forex and commodities may need to look elsewhere. The broker claims there are no restrictions on trading strategies, which appeals to active traders.

According to the broker’s website, funding can be done via bank wire, credit/debit cards, and several cryptocurrencies (Bitcoin, Litecoin, Ether, Bitcoin Cash, Tether, USDC). The minimum deposit for cards is $10, with a maximum of $5,000. Bank wire deposits have a minimum of $1,000.

Crypto deposits have no minimum. Withdrawal fees are 5% for fiat methods and variable for crypto. Processing times range from instant (cards) to 3–5 business days (bank wire) and 3–5 hours for crypto.

The presence of cryptocurrency funding and the relatively high 5% withdrawal fee for fiat methods are notable. The broker does not disclose whether it segregates client funds or holds them in trust accounts. The lack of regulatory oversight raises questions about the safety of deposited funds.

ForexTradingPro appears to target retail traders who prioritize low spreads, high leverage, and unrestricted trading conditions. The Pro Account with zero spreads and 1:1000 leverage is particularly attractive to scalpers and high-frequency traders. The broker’s marketing emphasizes 'freedom and flexibility' and a 'no conflict of interest' model.

However, the absence of regulation and the use of a proprietary platform may deter risk-averse traders or those who prefer the familiarity of MT4/MT5. The broker’s address in Saint Vincent and the Grenadines and the discrepancy with its claimed US registration could be red flags for traders conducting due diligence.