About Pro Trades
Overview
Pro Trades is a forex corporation registered in the United Kingdom, with its official website at protrades.io. The company was founded on 2 September 2021, making it a relatively new entrant in the online trading space. Its registered address is 53 Eastcastle Street, London W1W 9EA, United Kingdom. According to the company's description, it focuses on offering a wide range of products and features along with first-class customer service, aiming to secure constant benefits for its members.
Regulation and Licensing
A critical aspect of Pro Trades is its regulatory status. Based on our records, the broker does not hold any financial regulatory license from any recognised authority. This absence of regulation means that client funds are not protected by any compensation scheme, and there is no external oversight of the broker's operations. Traders should be aware that unregulated brokers carry a significantly higher level of risk.
Account Types
Pro Trades offers three tiers of live trading accounts. The Standard account requires a minimum deposit of €250, the Premium account requires €2,000, and the VIP account requires €35,000. The maximum leverage for each account is not disclosed in our records. The high minimum deposit for the VIP account suggests a target audience of high-net-worth individuals, but the lack of leverage information makes it difficult to assess the trading conditions.
Company Background
Pro Trades is a limited company registered in the United Kingdom. Its incorporation date is 2 September 2021. The company's registered address is at 53 Eastcastle Street, London W1W 9EA. While the UK is generally a reputable jurisdiction for financial services, the fact that Pro Trades is not authorised by the Financial Conduct Authority (FCA) means it does not fall under the regulatory umbrella that typically protects UK investors.
Risks and Considerations
The most significant risk associated with Pro Trades is its lack of regulation. Without a regulated status, there is no guarantee of fair trading practices, and clients have no recourse through an ombudsman or compensation fund. The FXCanary Scam Risk Score for Pro Trades is 46 out of 100, which falls under the 'Guarded' category, indicating a higher-than-average risk profile. Traders are strongly advised to conduct thorough due diligence and consider only regulated brokers for their trading activities.
Overview compiled by FXCanary from regulatory records and public data. full Pro Trades review