Protraderfx Forex Broker

Note: Protraderfx' official website: https://protraderfx.com/ is currently inaccessible normally. Protraderfx Review Summary Founded2021 Registered Country/RegionUnited Kingdom RegulationNo regulation Market InstrumentsShares, forex, commodities, cryptocurrencies, ETFs, options and indices Demo Account❌ LeverageUp to 1:500 EUR/ USD SpreadFrom 0 pips Trading PlatformsMobius Trader, Binary Options platform Minimum Deposit$200 Customer Support/ Protraderfx provides trading in shares, forex and more instruments with the lower spread from 0 pips. However, there are many pitfalls. First, it has no regulations and the website is not available. Second, they only accepts Bitcoin as the funding methods.Pros and Cons ProsCons Various tradable productsNot regulated Inaccessible website Only accepting Bitcoin as payment methods No ways to contact No MT4 or MT5Is Protraderfx Legit? Its a dubious, unregulated brokerage that operates entirely anonymously, putting your funds at risk if you decide to deposit. Furthermore, their website is currently inaccessible. As a result, Protraderfx cannot be considered a legitimate broker.What Can I Trade on Protraderfx? Protraderfx is a provider of Contracts for Difference (CFDs), delivering trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options and indices. Tradable InstrumentsSupported Forex✔ Commodities✔ Indices✔ Cryptocurrencies✔ Options✔ ETFs✔ Shares✔ Mutual Funds❌Account Type Protraderfx offers three kinds of live accounts, including the STARTER, ULTIMATE and PREMIUM accounts with the minimum deposits of $200, $25,000 and $5,000.Leverage Protraderfx provides a maximum leverage of 1:500 for all account types. This high leverage can amplify profits, it also comes with increased risk.Protraderfx Fees The STARTER account is commission-free, perfect for beginners and those looking to minimize trading costs. The ULTIMATE account offers spreads from 0 pips with a $5 commission. The PREMIUM account, with spreads starting from 0 pips and a $8 commission, is designed for professional traders.Trading Platform Protraderfx provides two trading platforms: Mobius Trader and Binary Options platform. Compared to MetaTrader, Mobius falls significantly short in terms of functionality and available features.Deposit and Withdrawal In Protraderfx, Bitcoin is the sole accepted payment method (no chargebacks available). This exclusive deposit option is highly concerning, especially given that cryptocurrency deposits are irreversible and cannot be charged back!The Bottom Line In conclusion, Protraderfx is not a good choice for traders. Its business activities are beyond the regulation. Besides, there are no ways to contact them and their website is not available so that their trading conditions are not transparent and reliable.FAQs Is Protraderfx safe? No. It might be a scam. Is Protraderfx a good for beginners? No. Beginners should trade with brokers regulated well. Is Protraderfx good for day trading? No.