Procryptotradings

Procryptotradings, operating under the legal name 'The Pro Crypto Trading Company, LLC,' is a retail forex and CFD broker that also offers cryptocurrency trading. The company was founded on February 8, 2021, and is registered in the United States, though its registered address is listed as Combermere Barracks in Windsor, United Kingdom – a location that is a British Army barracks, raising questions about the legitimacy of the office.

Despite being registered in the US, the broker does not hold any known regulatory licenses from major financial authorities. Its primary domain, procryptotradings.com, was created in March 2021 and is hosted on shared infrastructure. The broker targets international clients, with a focus on retail traders interested in leveraged trading.

The most significant red flag is the complete lack of regulatory oversight. Procryptotradings does not have a license from any recognized regulator such as the FCA, CySEC, or ASIC. In fact, the UK's Financial Conduct Authority (FCA) has issued a warning stating that this firm is not authorized to provide financial services in the UK and may be offering CFDs without permission.

This absence of regulation means that traders have no access to compensation schemes like the FSCS or FOS in the UK, nor any other investor protection mechanisms. FXCanary’s risk score of 45/100 (Guarded) reflects these concerns, indicating that while immediate fraud may not be confirmed, the broker carries substantial regulatory risk.

Procryptotradings claims to offer a range of instruments including forex pairs, cryptocurrencies (such as Bitcoin, Ethereum, and Litecoin), and CFDs on commodities and indices. The broker emphasizes fast execution and high leverage up to 1:500 on certain accounts, which is typical of unregulated brokers seeking to attract risk-tolerant traders.

Available trading platforms appear to include MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with a proprietary web-based platform. However, independent verification of these platforms' availability is limited. The broker also advertises low spreads and no commission on certain account types, though specific spread details are not provided.

The broker offers three account tiers: Standard, Pro, and VIP. While specific minimum deposit amounts are not publicly stated, industry sources suggest the Standard account may require a lower deposit, with the Pro and VIP tiers demanding higher capital in exchange for additional benefits like personal account managers and tighter spreads.

Funding methods accepted include cryptocurrencies (Bitcoin, Ethereum, USDT) and credit cards. Withdrawals are processed on a case-by-case basis, and the broker does not provide clear timelines or fees. This lack of transparency adds to the overall risk profile.

Procryptotradings is clearly aimed at retail traders who are drawn to high leverage and the ability to trade cryptocurrencies alongside traditional forex. The broker's marketing emphasizes the combination of crypto and forex trading under one roof, which may appeal to traders seeking portfolio diversification.

However, given the lack of regulation, high leverage, and ambiguous registration details, this broker is only suitable for highly experienced traders who fully understand the risks involved. Beginners and regulation-sensitive traders should avoid this broker entirely. FXCanary recommends exercising extreme caution and considering regulated alternatives.