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Probis was founded in 2009, emerging as a trading platform based in Australia. Initially, it aimed to provide traders with access to various financial instruments, including forex, commodities, and contracts for difference (CFDs).
Probis operates under the legal entity name Probis Financial Services Limited. The ownership structure and any specific parent company details are not explicitly stated, indicating a relatively independent operation within the financial services sector.
Probis is headquartered in Sydney, Australia, specifically at Suite 11.01, Level 11, 227 Elizabeth Street, NSW 2000. This location positions it within a vibrant financial district, conducive to its trading and financial services operations.
While primarily focused on the Australian market, Probis offers its services to a global clientele, allowing traders from various regions to access its trading platform. The platform supports a range of financial instruments, catering to both local and international traders.
Historically, Probis was regulated by the Australian Securities and Investments Commission (ASIC) under license number 338241. However, it is crucial to note that this regulatory status has been revoked, raising concerns about the platform's current compliance and oversight.
Over the years, Probis expanded its trading services, adding various financial instruments to its portfolio, including forex, CFDs, and commodities. Despite its growth, the company faced challenges that culminated in its recent regulatory issues.
Probis has attracted a diverse customer base, primarily consisting of forex and CFD traders. However, due to its recent regulatory challenges, the companys ability to retain and grow its customer base may be compromised.
Probis developed its proprietary trading platform, known as Probis Auton, which supports trading in various financial instruments. The platform has been designed for user-friendliness and accessibility across multiple devices, including PCs, tablets, and mobile phones.
While specific awards or recognitions have not been highlighted in available resources, the platform's initial regulatory approval by ASIC may have contributed to its credibility within the market.
Probis offers forex trading with various currency pairs, including major pairs such as EUR/USD, USD/JPY, GBP/USD, and others. The exact number of currency pairs available is not specified, but the platform supports a range of options suitable for diverse trading strategies.
Currently, Probis does not provide direct stock trading options. Instead, it focuses on CFDs related to indices, which may include stock market indices but not individual stocks.
Probis offers a variety of CFDs, enabling traders to speculate on price movements without owning the underlying assets. This includes commodity CFDs (e.g., gold, silver, crude oil) and securities CFDs related to various indices.
Probis does not explicitly mention offering cryptocurrencies. However, it provides access to commodities and indices, allowing traders to diversify their portfolios beyond forex and CFDs.
Probis promotes its proprietary trading platform, Probis Auton, which is user-friendly and designed for 24-hour trading across various instruments. Additionally, it offers educational resources to help traders enhance their skills and knowledge.
Probis was previously regulated by ASIC, but its license has been revoked. As such, it currently operates without any regulatory oversight, posing potential risks for traders.
Probis Financial Services Limited is registered in Australia. The lack of regulatory oversight raises questions about its legal compliance and operational transparency.
Information regarding client fund protection measures is limited, especially following the revocation of its regulatory license. This situation raises concerns about the safety of client funds held by Probis.
Probis caters to a global audience, allowing traders from various countries to access its platform. However, the lack of regulation may limit its attractiveness to traders in regions with stringent regulatory requirements.
Probis has faced significant compliance challenges, leading to the revocation of its ASIC license. This history of regulatory issues may impact its reputation and trustworthiness in the financial services industry.
Probis faces competition from several established brokers in the forex and CFD trading space, including:
Probis initially positioned itself as a competitive broker offering diverse trading options. However, its recent regulatory challenges have significantly impacted its standing in the industry.
Probis differentiated itself through its proprietary trading platform and educational resources. However, the lack of regulation and transparency regarding fees and commissions has diminished its competitive edge.
In summary, Probis Company, founded in 2009, has faced significant challenges in maintaining its regulatory compliance and operational integrity. While it offers a range of trading services, including forex and CFDs, its lack of regulation raises serious concerns for potential traders. As the company navigates its current situation, it is essential for prospective clients to exercise caution and conduct thorough research before engaging with the platform.
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