Trademoreprofx

Trademoreprofx is a retail forex and CFD broker that claims to be registered in the United Kingdom, with its official domain at trademoreprofx.com. According to available records, the broker was founded on February 22, 2022, and lists its registered address as 30 Hollis Lock, Chelmer Village, Chelmsford, Essex CM2 6RR.

Despite its UK registration, Trademoreprofx does not hold any known regulatory licences from major financial authorities. This lack of oversight is a significant factor for potential traders to consider, as it means the broker is not subject to the same investor protection standards as regulated firms.

Trademoreprofx offers three account types: ECN, PRO, and MICRO. The ECN and MICRO accounts require a minimum deposit of $100, while the PRO account requires $500. Each account type offers varying leverage levels, with the ECN and MICRO accounts allowing up to 1:500 for currencies and 1:200 for metals. The PRO account offers up to 1:200 for currencies, 1:100 for metals and energies, 1:50 for indices, and 1:2 for cryptocurrencies.

The broker provides access to 28 currency pairs, 4 metals, 2 energies, 10 indices, and 3 cryptocurrencies. This range of instruments is relatively standard for a retail FX/CFD broker, though the inclusion of cryptocurrencies with very low leverage (1:2) suggests a cautious approach to crypto trading.

Trademoreprofx is not regulated by any recognised financial authority. While the broker is registered in the UK, registration does not equate to regulation. This means clients do not benefit from protections such as negative balance protection, compensation schemes, or dispute resolution services offered by regulated brokers.

FXCanary's Scam Risk Score for Trademoreprofx is 49 out of 100, indicating a guarded risk level. The score reflects the absence of regulation and limited publicly available information about the broker's operations. Traders should exercise extreme caution when considering unregulated brokers, as the potential for misconduct or financial loss is higher.

Based on the account types and leverage offerings, Trademoreprofx appears to target both novice and experienced traders. The low minimum deposit of $100 on the ECN and MICRO accounts makes it accessible to retail traders with smaller capital. However, the high leverage options (up to 1:500) may attract traders seeking large exposure with limited funds, which carries substantial risk.

The PRO account, with a higher minimum deposit but lower leverage, may appeal to more conservative traders or those who prefer lower risk. However, the lack of regulation remains a critical drawback regardless of experience level.

Trademoreprofx offers a total of 47 trading instruments across five asset classes: currencies, metals, energies, indices, and cryptocurrencies. The specific platforms available are not confirmed in the known facts, but typical retail brokers offer MetaTrader 4 or 5, cTrader, or proprietary platforms. Traders should verify the available platforms directly with the broker.

Given the limited independent information, it is advisable to treat the broker's claims with caution. Without regulation or transparent operational history, it is difficult to verify the quality of trade execution, spreads, or order handling.

Trademoreprofx presents itself as a UK-registered retail forex broker with a range of account types and instruments. However, the absence of regulatory oversight and the guarded risk score from FXCanary highlight significant potential risks. Traders considering this broker should conduct thorough due diligence and be aware that unregulated entities offer limited recourse in case of disputes.

For those who prioritise safety and regulatory protection, Trademoreprofx may not be a suitable choice. Alternative, regulated brokers with similar account structures are available and may provide a more secure trading environment.