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ContinueFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://hhttps://crm.continuefx.com/signup.php, about the company's legal and temporary regulatory information, the company's address .

ContinueFX Forex Broker

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
--
Company Name
Continue Markets Limited
Abbreviation
ContinueFX
Company employee
--
Customer Service Email Address
support@continuefx.com
Contact Number
+971561331987
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Note: ContinueFX's official website https://www.continuefx.com/ is currently inaccessible normally.ContinueFXReview SummaryFounded2017Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsCurrency pairs, indices, commodities, cryptosDemo Account/LeverageUp to 1:200SpreadFloating from 2.2 pipsFixed from 3 pipsTrading PlatformMT5Min Deposit$100Customer SupportTel: +971561331987Email: support@continuefx.com ContinueFX is a forex and CFD broker, a trade brand owned by Continue Markets Limited, which claims to be registered in Saint Vincent and the Grenadines. There is zero evidence that Continue FX is an regulated broker, so it is unsafe to trade with this broker.Pros and ConsPros Cons MT5 providedInaccessible websiteLack of regulationNo demo accountsWide spreadsNo MT4Is ContinueFX Legit? ContinueFX is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site.What Can I Trade on ContinueFX? Continue FX advertises that it can offer a wide range of financial products, including currency pairs, indices, commodities, as well as cryptos.Tradable Instruments Supported Currency pairs✔Commodities✔Indices✔Cryptos✔Stocks❌Bonds❌Options❌ETFs❌Mutual Funds❌Account Type ContinueFX offers 3 types of accounts, including Classic Account, Standard Account, and Premium Account. The entry level at ContinueFX is set at $100. We consider this to be fine. However, traders are still not advised to register real trading accounts here given the fact that ContinueFX is an unregulated broker.Account TypeMin DepositClassic $100Standard $2,500Premium $20,000Leverage The maximum leverage at ContinueFX is 1:200, which should satisfy most traders. If you want to utilize even higher levels of gearing, you are probably too aggressive of a trader. This can lead to massive losses, especially if you have little experience in the market.Spread ContinueFX offers a choice between fixed and variable spreads, according to their website. The costs of trading start from 3 and 2.2 pips respectively. These levels are both not that competitive in todays environment.Trading Platform The platform provided by ContinueFX is MetaTrader5 (MT5). This is the successor of the most popular industry solution MetaTrader4 and only builds upon its glory. Charting is still on the same top-tier level, with additional functionality, such as having the high-impact economic releases plotted on the chart. Additionally, there is a new iteration of the MQL marketplace, where traders can obtain custom tools, such as new technical indicators and automated trading systems. That being said, the old ones are not compatible with the new platform.Trading PlatformSupported Available Devices Suitable forMT4❌/BeginnersMT5✔Web, desktop, mobileExperienced tradersDeposit and Withdrawal ContinueFX accepts payments via Credit Cards, Skrill, Nereller, China Union Pay, and CashU. However, other detailed information, such as the processing time and fees, is not clear.

Rating Index

  

Pruton Futures Broker - Complete Information Guide

  

1. Broker Overview

  Pruton Futures, officially known as PT Pruton Mega Berjangka, was established in 2006 and is headquartered in Jakarta, Indonesia. The company operates as a private entity and primarily serves the retail trading market, focusing on providing foreign exchange (Forex) services to individual traders. Over the years, Pruton Futures has aimed to create a transparent trading environment, offering competitive interbank pricing to its clients.

  The broker was founded by a group of market professionals with the vision of enhancing the trading experience for retail investors. Since its inception, Pruton Futures has achieved several milestones, including obtaining a regulatory license from Indonesia's Commodity Futures Trading Regulatory Agency (BAPPEBTI) and becoming a member of the Jakarta Futures Exchange (JFX) and the Indonesian Derivatives Clearing House (IDCH).

  Pruton Futures operates under the umbrella of the Pruton Group, which includes various financial service entities, thereby enriching its service offerings. The business model of Pruton Futures focuses on retail Forex trading, catering to individual traders looking for a reliable platform to execute their trading strategies.

  

2. Regulatory and Compliance Information

  Pruton Futures is regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI) in Indonesia. The regulatory number and specific compliance details are not explicitly mentioned in the available sources. The broker's license is valid and covers a range of trading activities, primarily focusing on Forex and commodities.

  As part of its compliance measures, Pruton Futures adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, ensuring that client identities are verified and that funds are sourced legitimately. The broker maintains a policy of segregating client funds from its operational accounts, providing an additional layer of security for its clients investments.

  Pruton Futures does not appear to participate in any investor compensation fund, which may pose a risk for clients in case of insolvency. However, the broker is committed to transparency and regulatory compliance, which should provide some assurance to its clients.

  

3. Trading Products and Services

  Pruton Futures offers a diverse range of trading products tailored to meet the needs of its clients. The broker provides access to over 30 Forex currency pairs, including major, minor, and exotic pairs, allowing traders to engage in a variety of trading strategies. Additionally, Pruton Futures includes CFDs on various assets such as indices, commodities, and precious metals, notably gold.

  The trading environment is designed to be dynamic, with regular updates to the available trading products. The broker aims to introduce new instruments periodically, although specific details on the frequency of updates are not readily available.

  Pruton Futures primarily focuses on retail trading services, but it also offers managed account tools for clients looking for professional assistance. The broker does not explicitly mention services tailored for institutional clients or white-label solutions, which may limit its appeal to larger financial entities.

  

4. Trading Platform and Technology

  Pruton Futures exclusively utilizes the MetaTrader 4 (MT4) platform, which is renowned for its user-friendly interface and robust trading features. The MT4 platform supports various trading styles, including scalping and automated trading through Expert Advisors (EAs).

  The broker does not appear to offer any proprietary trading platforms or additional web-based trading solutions. However, the MT4 platform is accessible on desktop computers, mobile devices, and through a web trader, providing flexibility for traders who prefer to manage their accounts on the go.

  Pruton Futures employs a Market Making execution model, which allows for direct market access and high-speed order execution. The broker's servers are located in secure data centers, ensuring that traders experience minimal latency during trading sessions. The platform supports API access, enabling automated trading solutions for more advanced traders.

  

5. Account Types and Trading Conditions

  Pruton Futures offers a single account type, which is designed to be straightforward for traders. The account features include:

  • Minimum Deposit: The specific minimum deposit amount is not disclosed, but it is essential for potential clients to inquire directly with the broker.
  • Spreads: The broker offers fixed spreads starting from 3 pips, which can be considered relatively high compared to industry standards.
  • Commissions: There are no additional commissions on trades, as the broker operates on a spread-based model.
  • Leverage: The maximum leverage available is up to 1:100, which can be adjusted upon request through customer support.
  • Minimum Trade Size: Trades can start from 1 lot, which may be high for new traders.

  Additionally, Pruton Futures provides a demo account option, allowing traders to practice their strategies without risking real capital. This feature is particularly beneficial for beginners looking to familiarize themselves with the trading environment.

  

6. Fund Management

  Pruton Futures supports a limited range of deposit methods, primarily focusing on bank wire transfers and major credit/debit cards. The broker does not charge any fees for deposits, but clients may incur charges from their banks or card issuers.

  The processing time for deposits typically ranges from 2 to 3 business days, depending on the method used. Unfortunately, the broker does not provide clear information regarding the minimum deposit requirements for different account types, which may be a point of concern for potential clients.

  For withdrawals, clients can only utilize bank wire transfers. Pruton Futures does not impose any withdrawal fees, but the processing time can take between 1 to 5 working days, depending on the client's bank.

  

7. Customer Support and Educational Resources

  Pruton Futures offers customer support through multiple channels, including email and online submission forms. However, the availability of live chat or phone support is not explicitly mentioned, which may limit immediate assistance for clients.

  The broker's customer service operates during standard business hours, and the support is primarily available in Indonesian, with English assistance also provided. This dual-language support can be beneficial for international clients looking to engage with the broker.

  In terms of educational resources, Pruton Futures appears to have limited offerings. There is a knowledge page available, but it lacks comprehensive educational materials such as webinars, tutorials, or eBooks. Market analysis services, including daily analysis and research reports, are also not prominently featured, which could hinder traders seeking to enhance their trading knowledge.

  

8. Regional Coverage and Restrictions

  Pruton Futures primarily serves clients in Indonesia and has a growing presence in Southeast Asia. The broker has established offices in several countries, including Malaysia, Thailand, Vietnam, Laos, China, Hong Kong, and Pakistan.

  However, specific information regarding countries or regions from which clients are not accepted is not explicitly stated. It is advisable for potential clients to contact customer support to clarify any eligibility requirements or restrictions based on their location.

  In conclusion, Pruton Futures provides a range of trading services primarily focused on retail Forex and CFDs. While the broker is regulated and aims to offer transparent trading conditions, potential clients should carefully consider the trading costs and limited educational resources before engaging with the platform.

  In summary, Pruton Futures broker is an option for traders seeking a straightforward trading experience, but it may not meet the needs of all investors, particularly those looking for lower trading costs or extensive educational support.

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Latest Reviews

Vithusan Vijeyaratnam

Vithusan Vijeyaratnam

Australia

I had a negative experience with ContinueFX. Their website is currently down and I am unable to access my account or contact their customer service. Additionally, I have concerns about the fact that they are registered in Saint Vincent and the Grenadines, which is not a well-regulated jurisdiction for forex brokers.

Positive

2023-03-20

Talal Baig68948

Talal Baig68948

Pakistan

I have 4 withdrawals from Continuefx.com starting from 2018 10 22 in amount of ~11.000 USD total which they are refusing to pay back to my bank account. They keep telling me they will send me the swift confirmation which they never did. I am awaiting for their response here and considering opening a case in traders court if they don't resolve my case.

Exposure

2021-10-11

ContinueFX Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.38, Software Index 4.00 Risk Control Index 0.00.
ContinueFX