ProaktivMarket Forex Broker

Note: ProaktivMarket's official website: https://www.proaktivmarket.com is currently inaccessible normally. ProaktivMarketReview Summary Founded2021 Registered Country/RegionUnited Kingdom RegulationUnregulated Market InstrumentsForex, Stocks, Commodities and Cryptocurrencies Demo Account❌ Leverage1:200 SpreadFloating around 2.5 pips Trading PlatformWeb-based Min Deposit$250 Customer SupportEmail: support@bigoption.com Twitter: https://twitter.com/BigOption FaceBook: https://www.facebook.com/bigoptiontrading Founded in 2021, ProaktivMarket is a forex broker registered in UK, offering various market insruments including forex, stocks, commodities and cryptocurrencies through the web-based platform. However, ProaktivMarket operates without regulatory oversight from any reputable financial body.Pros and Cons ProsCons Diverse trading choicesInaccessible website Variety of account typesUnregulated status Popular payment optionsNo demo accounts offered No withdrawal fees for credit card payment and some accountsHigh spreads No MT4/5 High minimum deposit Long withdrawal processing time Inactivity fee and dormant fee charged Limited contact channelIs ProaktivMarket Legit? No, ProaktivMarket is not regulated currently. Please be aware of the risk!What Can I Trade on ProaktivMarket? Tradable Instruments Supported Forex✔ Commodities✔ Stocks✔ Cryptocurrencies✔ Indices❌ Bonds❌ Options❌ ETFs❌Account Type ProaktivMarket offers six account levels that traders can upgrade to once register for an account starting from $250 to $250,000. Account type including Beginner, Bronze, Silver, Gold, Platinum and Diamond.Moreover, there is no option for a demo account. Account TypeMin Deposit Beginner$250 Bronze$5 000 Silver$25 000 Gold$50 000 Platinum$100 000 Diamond$250 000Leverage ProaktivMarket offers maximumleverage of 1:200 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Spread ProaktivMarket offers spreads on 2.5 pips for most accounts. For platinum account, ProaktivMarket takes no spreads. Account TypeSpread Beginner2.5 pips, floating Bronze2.5 pips, floating Silver2.5 pips, floating Gold2.5 pips, floating Platinum❌ Diamond/Trading Platform ProaktivMarket provides traders with only a web-based trading platform. Trading PlatformSupported Available Devices Suitable for Web-based✔Web/ MT4❌Desktop, web and mobile (iOS and Android)Beginners MT5❌Desktop, web and mobile (iOS and Android)Experienced tradersDeposit and Withdrawal ProaktivMarket provides several payment methods for deposit and withdrawal transactions, including Credit Cards (VISA and MasterCard), Bank Transfer, Bitcoin, PayPal and e-wallets, eg. Skrill and Neteller are not supported, however. The processing time for withdrawal transactions is quite lengthy too – 3-10 business days. ProaktivMarket claims they do not charge fees for withdrawals made via credit cards. There are no withdrawal fees for Gold and Platinum account.Fees ProaktivMarket charge a service fee of $150 on accounts “that are active for less than 30 working days and have less than 25 trades.” The broker also has a Dormant fee of $30 for accounts in which there have been no transactions for a set period of 12 months.