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Propex24 Forex broker specializes in providing foreign exchange trading services, the company's official website https://saxomarkets.eappform.com/initiate.aspx?adviser=Propex24, the company's legitimate regulatory information AustraliaASICStraight Through Processing (STP), to enhance the security of the company's address Level 24, 66 Goulburn Street, SYDNEY NSW 2000.

Propex24 Forex Broker

Basic information

Registered region
Australia
Operating period
--
Company Name
Propex 24 Pty Ltd
Abbreviation
Propex24
Company employee
--
Customer Service Email Address
enquiries@propex24.com
Contact number
+610282313650
Company website
Company address
Level 24, 66 Goulburn Street, SYDNEY NSW 2000
Keywords
Above 20 years
Regulated in Australia
Straight Through Processing (STP)
Self-developed
Suspicious Scope of Business

Company profile

GENERAL INFORMATION AND REGULATION Propex24 is the creation of futures industry veteran Max Whitby and Propex derivatives, two Australias Proprietary trading firms. Propex Derivatives has trained and funded 100s of traders over its history and Propex24 is a natural progression into the Private Client sector where the use of Propex Derivatives IP will be deployed (for further details refer to the section below titled ‘The Network’).Propex24 is not subject to any regulation at this stage. Please be aware of the risk. MARKET INSTRUMENTS The available Products on offered at Propex24 includes; Futures, Equities, Commodities, Forex and Bonds. FUTURES Access 200+ futures from 23 global exchanges, covering equity indices, energy, metals, agriculture, rates and FX. Bonds Trade 5,000+ government and corporate bonds in Europe, US, Asia, Middle East and Latin America digitally. Commodities Trade a wide range of commodities as CFDs, futures, options, spot pairs or exchange traded commodities (ETCs). CFDs Trade long or short on over 9,000+ instruments with tight spreads and low commissions Forex Access 182 FX spot pairs and 140 forwards across majors, minors and exotics, plus spot metals Equities Access 19,000+ stocks across core and emerging markets on 36 exchanges worldwide ACCOUNT AND LEVERAGE Propex24 offers a single Trading account. With a 20 days Demo account. Also no information about the minimum deposit required for this Broker. And also no details about the leverage offered were disclosed. SPREADS AND COMMISSIONS The Broker doesn't give details information regarding the spreads offered and the commission. TRADING PLATFORM AVAILABLE The Broker uses TraderPro, Propex24 has chosen the award winning SaxoPRO system to trade and access world markets. Some of the trading features that are available on the platform are: Advanced trade ticket • Created to be fast, the trade ticket reduces the number of clicks needed to place an order, while displaying all information in the ticket itself. Depth Trader • Place and manage orders in relation to the Level 2 order book in real time. (Subscription required to access exchange data.) Time and Sales data • Gain insight into the market movements by seeing real-time order executions on an exchange. (Subscription required to access exchange data.) Charting package • Open, close and edit positions from the charting package. Also gain access to drawing tools and over 50 technical indicators. Option Chain • Trade a variety of options on stocks, indices, forex and futures whilst being able to switch between instruments by linking option chains to watchlists TraderGo and TraderGo App as their preferred trading platform available for traders. A variety of trading and investing features within the TraderGos user-friendly interface. Trade ticket • Built for speed and efficiency, the trade ticket helps reduce the number of clicks needed (only one or two) to place an order, whilst still showing important information in the ticket itself. Fundamental analysis tools • Utilize the equity research tools to analyse fundamentals and view analyst sentiment indicators for a variety of products and asset classes. News and research • Access news and analysis from experts and leading third-party providers, directly in the platform. Technical analysis tools • Identify patterns across the markets with live charts and range of indicator based tools. Extensive charting package • Trade directly from our integrated charts. Option Chain • Trade a variety of options on stocks, indices, forex and futures whilst being able to switch between instruments by linking option chains to watchlists DEPOSIT AND WITHDRAWAL The Broker doesn't give details information as to know which payments method it acceptable for traders to deposit and Withdraw funds, but it is essential for any user to confirm the Means of deposit and Withdrawal before trading. CUSTOMER SERVICE If you have any questions about a Live / Demo account or about what products they offer to their clients, feel free to send them a message using the form provided on their website and they will be happy to help.

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I feel like the spreads and commissions that a forex trader offers are part of their core competitiveness! If a broker does not provide this information on its official website, it is likely that they are not confident in their own abilities.

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Demo accounts are available, but mt4 and mt5 are both unavailable. You can only trade on their web-based trading platform and mobile app. What surprises me a lot is their educational resources, which are very rich and comprehensive.

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高山流水27195

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This platform offers some educational resources, as well as demo accounts, a good part though, there limited trading assets I can choose from… Fees not transparent, no clear information on its minimum deposit requirement… I decide not to choose this one eventually…

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Propex24 Forex Broker has an overall rating of 6.70, Regulatory Index 5.87, License Index 5.87, Business Index 9.19, Software Index 5.28 Risk Control Index 9.93.