Market Pro Trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://marketprotrade.com/register, about the company's legal and temporary regulatory information, the company's address First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St Vincent and the Grenadines.
Market Pro Trade, established in the last 2 to 5 years, is a forex broker operating under the entity Em Techvio Pro LLC. The company is headquartered in Saint Vincent and the Grenadines, a location known for its lenient regulatory environment. As a private entity, Market Pro Trade focuses on providing trading services primarily to retail clients, including individuals seeking to engage in forex trading and other financial instruments.
Throughout its relatively short history, Market Pro Trade has aimed to cater to a diverse clientele by offering a range of trading products and services. The broker specializes in retail forex trading, CFDs, and various asset classes, appealing to both novice and experienced traders. The firms business model emphasizes accessibility and user-friendly trading experiences while leveraging technology to facilitate transactions.
As a part of its growth strategy, Market Pro Trade has introduced multiple account types and trading platforms, aiming to attract a wide array of traders. The broker's commitment to customer service and education is evident in its offerings, which include trading tools and resources designed to enhance the trading experience.
Market Pro Trade broker has positioned itself as a competitive player in the forex trading landscape, focusing on providing essential services to traders looking to explore international markets.
Market Pro Trade operates without any valid regulatory oversight, which raises significant concerns regarding the safety and security of investors' funds. The broker does not fall under the jurisdiction of any major regulatory bodies, leading to potential risks for clients seeking protection for their investments.
The absence of regulation means that there is no regulatory number or license that clients can reference for assurance. Consequently, customers may find themselves exposed to higher risks, including issues related to fund withdrawals and transaction transparency.
Market Pro Trade does not participate in any investor compensation schemes, which further heightens the risk for clients. The company has not disclosed any specific KYC (Know Your Customer) or AML (Anti-Money Laundering) compliance measures, which are essential for ensuring secure trading environments and protecting against fraudulent activities.
In summary, the lack of regulatory oversight combined with the absence of established compliance protocols makes it imperative for potential clients to exercise caution when considering the Market Pro Trade broker for their trading needs.
Market Pro Trade offers a variety of trading products, which include:
The broker continually updates its product offerings, aiming to introduce new trading instruments as market demands evolve. Retail trading services are a primary focus, with features designed to support individual traders in executing their strategies effectively.
Market Pro Trade does not explicitly mention any institutional services or white-label solutions, indicating a primary focus on retail clients. However, the broker may offer asset management services, although specific details are not readily available.
Overall, the product range provided by Market Pro Trade broker is competitive, catering to a broad spectrum of trading interests and preferences.
Market Pro Trade supports the widely recognized MetaTrader 4 (MT4) trading platform, which is favored for its user-friendly interface and comprehensive suite of trading tools. The MT4 platform allows traders to execute trades, analyze market data, and utilize automated trading strategies through Expert Advisors (EAs).
The broker does not appear to offer a proprietary trading platform, focusing instead on the established MT4 framework to deliver a robust trading experience. Additionally, the availability of a web-based trading platform enhances accessibility for users who prefer not to download software.
Mobile trading is supported through applications available for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The broker utilizes advanced technology infrastructure, ensuring that trading operations run smoothly and efficiently.
Market Pro Trade implements an ECN (Electronic Communication Network) execution model, which is designed to provide competitive pricing and fast order execution. The broker's server locations and technological capabilities contribute to a reliable trading environment.
API access is also supported, enabling traders to engage in automated trading and integrate their strategies seamlessly with the platform.
Market Pro Trade offers several account types tailored to meet the needs of different traders:
The broker allows leverage ratios of up to 1:400, providing traders with the ability to control larger positions with smaller capital. The minimum trade size is typically set at 0.01 lots, accommodating both small and large traders.
Market Pro Trade has policies regarding overnight fees, which may apply depending on the positions held overnight.
In conclusion, the account offerings and trading conditions at Market Pro Trade broker are structured to accommodate a wide range of trading styles and preferences.
Market Pro Trade supports various deposit methods, including:
The minimum deposit requirement is set at $500 for most account types, which may be considered relatively high compared to other brokers.
Deposit processing times vary, with credit and debit card transactions typically processed instantly, while bank transfers may take longer. The broker may impose fees for certain deposit methods, although specific details are not clearly outlined.
Withdrawals can be made via bank wire transfers and e-wallets, with a minimum withdrawal amount of $50. Withdrawal processing times can take up to 3 business days, and fees may apply, such as a $25 charge for wire transfers and a $0.30 fee for PayPal withdrawals.
Overall, the fund management process at Market Pro Trade broker is standard for the industry, but potential clients should be aware of the associated costs and processing times.
Market Pro Trade provides customer support through multiple channels, including:
The broker's customer service operates within specific hours, typically covering key trading time zones. Multilingual support is not explicitly mentioned, so clients should verify language availability when contacting support.
Market Pro Trade offers various educational resources, including webinars, tutorials, and market analysis services. These resources aim to equip traders with the knowledge necessary to navigate the financial markets successfully.
Trading tools such as calculators, economic calendars, and signal services are also available to assist traders in making informed decisions.
In summary, the customer support and educational offerings at Market Pro Trade broker are designed to enhance the overall trading experience and support clients in their trading endeavors.
Market Pro Trade primarily serves clients in various regions, with a focus on retail traders. The broker's operations are not limited to a specific geographic area, allowing for a broader market reach.
However, there may be restrictions on clients from certain countries due to regulatory considerations. Specific countries that Market Pro Trade does not accept clients from are not explicitly listed, so potential users should check directly with the broker for the most accurate information.
The broker's regional offices, if any, are not clearly specified in the available resources, which may limit local support options for clients in certain areas.
In conclusion, while Market Pro Trade broker aims to provide a wide range of services, potential clients should be aware of the regional limitations and verify their eligibility before proceeding.
This comprehensive overview of Market Pro Trade broker provides essential insights into its operations, offerings, and potential concerns for traders. As always, individuals should conduct thorough research and consider their options carefully before engaging with any broker, particularly those without regulatory oversight.
小柳同学
Singapore
A staff of Market Pro Trade contacted me and claims that I should deposit more money for my withdrawal to be processed. They wanted to view my account and process more transfers claiming that my withdrawal request is being processed. Please, never open your bank account for any petty thief on any desk. To date, my withdrawal has not been processed.
37130
2023-03-10
チャンミン
United Kingdom
The Market Pro Trade website is down. Fortunately, I haven't seen anyone saying that they were cheated by this company. Maybe it wasn't a scammer and just went out of business. Scammers are really hateful! Instaed of working, they just steal other people's hard-earned money... They deserve severe punishment.
Positive
2023-03-16