PROXTREND Forex Broker

PROXTRENDReview SummaryFounded2024Registered Country/RegionComorosRegulationUnregulatedMarket InstrumentsForex and CFDsDemo Account/LeverageUp to 1:100Spread/Trading Platform/Min Deposit/Customer SupportContact formEmail: info@proxtrendltd.comAddress: PB 1257 Bonovo Road, Fomboni, Comoros KMRegional RestrictionsEuropean Economic Area, the USA, British Columbia, Canada, etc. Based in Comoros, PROXTREND is a forex broker that was established in 2024. PROXTREND provides trading in forex and CFDs with leverage up to 1:100. However, PROXTREND operates without regulatory oversight from any reputable financial body.Pros and ConsProsConsMultiple account typesNot regulatedNo commission feesInactivity fee chargedNo deposit feesNo MT4/5 supportedPopular payment optionsHigh minimum depositWithdrawal fee chargedLimited contact channelsRegional restrictionsIs PROXTREND Legit? No, PROXTREND is not regulated by any reputable financial body. Please be aware of the risk!What Can I Trade on PROXTREND?Tradable Instruments Supported Forex✔CFDs✔Bonds❌Options❌ETFs❌Services PROXTREND provides various investment services including Customer Relationship Management (CRM), Automated Marketing Solutions, Content & Social Media Services, Maximizing Channel Effectiveness & Performance, Email Compaign Coordination & Data Administration and CPQ (Configure, Price, Quote) and Contract Management.Account Type PROXTREND offers four accounts to choose from, including Basic, Gold, Platinum and VIP accounts.Leverage PROXTREND offers a leverage of up to1:100 for all account types, which is quite high. 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.Fees There are no commission fees charged to the client. However, if there is no client-initiated activity for 12 months, then the account is classified as dormant.Inactivity Period Monthly Inactivity Fee0-1 month❌1-2 months150 EUR or equivalent2-6 months200 EUR or equivalent6-12 months 625 EUR or equivalent12+ months 1,000 EUR or the equivalent amount per month. Re-activate account must contact the Company directly and pay a fee of the amount of 2,000 EUR.Deposit and Withdrawal PROXTREND accepts payments via Debit/Credit Cards, Wire Transfer, and e-Wallets. There are no deposit fees charged. However, ROXTREND claims that the Company reserves the right to charge a withdrawal fee at an amount equal to 80 EUR (or the equivalent amount according to the denominated currency of the Clients Trading Account).Payment OptionDeposit FeeWithdrawal FeeDebit/Credit Cards❌3.5%Wire Transfer ❌30 CHF/USD/EUR/GBPe-Wallets❌1.5% - 4.5%