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The Prop Trading foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://theproptrading.com.au/my-account/, about the company's legal and temporary regulatory information, the company's address Suite No. 1171 17 Gould Road Herston 4006 QLD AU.

The Prop Trading Forex Broker

Basic Information

Registered Region

Australia

Operating Period

Company Name

The Prop Trading

Abbreviation

The Prop Trading

Company employee

Customer Service Email Address

support@theproptrading.com.au

Contact Number

+611300984019

Company Website

https://theproptrading.com.au/

Company address

Suite No. 1171 17 Gould Road Herston 4006 QLD AU

Facebook

https://www.facebook.com/theproptrading/

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Note: The Prop Tradings official site - https://www.theproptrading.com.au/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience. The information presented in this article is intended solely for reference purposes. General Information & Regulation Feature Information Registered Country/Region Australia Regulation unregulated Market Instrument indices and cryptos Demo Account N/A Maximum Leverage 1:200 Spread N/A Commission N/A Trading Platform N/A Minimum Deposit $50,000 Deposit & Withdrawal Method N/A The Prop Trading is a prop firm based in Australia, offering trading accounts on the MT5 trading platform. This platform hypes that it provides access to crypto and indices, with a profit share of up to 80%. Please be aware that The Pro Trading is not authorized or regulated by any regulatory authority, and thats why WikiFX has given it a very low score of 1.14/10. Please be aware of the risk. Note: The screenshot date is February 10, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores. Market Instruments The Prop Trading hypes that it offers a range of indices and cryptos to trade, which most similar companies do not offer. Account Types The Prop Trading offers funding for traders from $50,000 which will cost you $279, all the way to $200,000 which will set you back around $800. These fees are said to be refundable if you pass the challenge and actually get funded. The profit share offered is 80%, one of the highest in the industry and withdrawals are processed monthly providing that you are flat on trades on the last trading session of each month, at midnight. Leverage When it comes to leverage, The Prop Trading provides its customers with access to 1:200, which is far greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting in the trading world, it's best to stick with the lower size, no more than a 1:10. Customer Support Some basic contact information for traders or potential clients to get in touch with The Pro Trading is listed below: Telephone: +61 1300 984 019 Email: support@theproptrading.com.au Company Address: Suite No. 1171 17 Gould Road Herston 4006 QLD AU Pros & Cons Pros Cons N/A • No regulation • Website inaccessible • Limited trading assets • High minimum deposit requirement Frequently Asked Questions (FAQs) Q 1: Is The Prop Trading regulated？ A 1: No. It has been verified that The Prop Trading currently has no valid regulation. Q 2: Is The Prop Trading a good broker for beginners？ A 2: No. The Prop Trading is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

The Prop Trading broker review

Is The Prop Trading safe or scam

Rating Index

How to login to The Prop Trading?

The Prop Trading Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a the prop trading Account Registering for a the prop trading account is the first step towards leveraging capital for trading. Follow these steps to ens

The Prop Trading Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　The Prop Trading, established in Australia, is a proprietary trading firm that primarily focuses on providing funding to traders in the forex market. The firm operates from its headquarters located at Suite No. 1171, 17 Gould Road, Herston, QLD 4006, Australia. As a private entity, The Prop Trading caters to a global clientele, emphasizing its commitment to creating a stimulating and innovative trading environment.

　　Since its inception, The Prop Trading has aimed to bridge the gap between aspiring traders and the financial markets by offering capital for trading activities. The firm has established itself within the proprietary trading landscape by providing access to substantial funding, with amounts reaching up to $200,000 for traders who successfully pass their evaluation challenges. Over the years, The Prop Trading has gained recognition for its attractive profit-sharing model, which reportedly offers up to 80% of profits to its traders.

　　The Prop Trading operates under a business model that emphasizes retail forex trading, allowing individual traders to utilize the firm's capital to execute trades in various financial instruments. This model not only empowers traders but also aligns their interests with the firm's success, creating a mutually beneficial relationship.

2. Regulation and Compliance Information

　　The Prop Trading operates in an unregulated environment, as it does not hold any valid regulatory licenses according to the latest information available. This status poses potential risks for traders, as the absence of oversight from recognized regulatory authorities raises concerns about the safety and security of client funds.

　　Currently, The Prop Trading does not have any specific regulatory numbers associated with its operations, and it is essential for potential clients to be aware of the risks involved in trading with an unregulated broker. The firm does not participate in any investor compensation schemes, which further underscores the importance of due diligence for prospective traders.

　　In terms of compliance, The Prop Trading is expected to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, although specific details regarding these practices have not been disclosed publicly. As a proprietary trading firm, adherence to these regulations is crucial for maintaining the integrity of its operations and ensuring compliance with applicable laws.

3. Trading Products and Services

　　The Prop Trading offers a range of trading products, primarily focusing on forex currency pairs. Traders can access various major, minor, and exotic currency pairs, enabling them to engage in diverse trading strategies. The firm also provides access to Contracts for Difference (CFDs) in categories such as indices, commodities, and cryptocurrencies, expanding the trading opportunities available to its clients.

　　While specific details about the number of forex pairs offered are not explicitly mentioned, The Prop Trading emphasizes its commitment to providing a comprehensive trading experience. The firm regularly updates its product offerings, although the frequency and details of these updates remain unspecified.

　　For retail clients, The Prop Trading provides a supportive trading environment designed to facilitate their growth and success in the financial markets. Additionally, the firm may offer services tailored to institutional clients, although specific details regarding institutional services have not been disclosed.

4. Trading Platform and Technology

　　The Prop Trading exclusively utilizes the MetaTrader 5 (MT5) trading platform, which is widely recognized for its advanced trading capabilities and user-friendly interface. While the firm does not appear to support MetaTrader 4 (MT4), MT5 offers a robust environment for executing trades across various financial instruments.

　　In addition to the desktop version, The Prop Trading provides a web-based trading platform, allowing clients to trade conveniently from any location without the need for additional software. Furthermore, mobile applications for both iOS and Android devices are available, ensuring that traders can manage their accounts and execute trades on the go.

　　The execution model employed by The Prop Trading is not explicitly detailed in the available information. However, it is essential for traders to understand the underlying technology and infrastructure that supports their trading activities. The firm utilizes reliable servers to ensure fast execution speeds and minimal latency, which are critical factors for successful trading.

　　Moreover, The Prop Trading may offer API access and automation trading support, although specific details regarding these features have not been provided.

5. Account Types and Trading Conditions

　　The Prop Trading offers several account types, each designed to cater to different trading needs and preferences. The standard account requires a minimum deposit of $50,000, with higher account tiers available for traders seeking additional capital.

Standard Account Conditions:

Minimum Deposit: $50,000
Leverage: Up to 1:200
Maximum Daily Loss: 5%
Maximum Loss: 10%
Profit Target: 8% in the first 30 days
Refundable Fee: 100% upon successful completion of the challenge

　　The Prop Trading also provides advanced account types such as VIP or professional accounts, which may offer additional benefits, although specific details about these accounts have not been disclosed. Furthermore, the firm may offer specialized accounts, including Islamic accounts for traders who require Sharia-compliant options.

　　Traders can also access a demo account to familiarize themselves with the trading environment and test their strategies before committing real capital. The minimum trading lot size varies depending on the account type, and overnight fees are applicable, although specific rates have not been provided.

6. Funds Management

　　The Prop Trading supports various deposit methods, including bank transfers, credit cards, and electronic wallets, allowing for flexibility in funding accounts. The minimum deposit requirement varies based on the account type, with the standard account starting at $50,000.

Deposit and Withdrawal Information:

Deposit Methods: Bank transfer, credit card, electronic wallets
Minimum Deposit: $50,000 for standard accounts
Deposit Processing Time: Typically processed within a few business days
Deposit Fees: Specific fees associated with deposits have not been disclosed
Withdrawal Methods: Bank transfer and electronic wallets
Withdrawal Processing Time: Withdrawals are generally processed within a few business days
Withdrawal Fees: Specific fees associated with withdrawals have not been disclosed

　　It is crucial for traders to review the terms and conditions related to funding and withdrawals to ensure a smooth trading experience.

7. Customer Support and Educational Resources

　　The Prop Trading offers multiple support channels for its clients, including telephone support, email assistance, and online chat options. The firm's customer service operates during business hours, typically from 9 AM to 5 PM AEST, providing traders with timely assistance when needed.

Support and Educational Resources:

Support Channels: Telephone, email, online chat
Service Hours: Monday to Friday, 9 AM to 5 PM AEST
Multilingual Support: The firm may provide support in multiple languages, although specific languages have not been disclosed
Educational Resources: The Prop Trading may offer webinars, tutorials, and eBooks to help traders improve their skills
Market Analysis Services: Daily analysis, news updates, and research reports may be available to assist traders in making informed decisions
Trading Tools: Tools such as calculators, economic calendars, and signal services may be provided to enhance the trading experience

8. Regional Coverage and Restrictions

　　The Prop Trading primarily serves clients in Australia and internationally, although specific regions may have restrictions based on regulatory considerations. The firm has established a presence in various markets, allowing it to cater to a diverse clientele.

Coverage and Restrictions:

Main Service Markets: Australia and international markets
Regional Offices: The primary office is located in Australia, with potential outreach to global markets
Countries Not Accepted: The firm may restrict clients from certain countries, although specific countries have not been disclosed
Special Restrictions: Additional restrictions may apply based on local regulations, although details are not explicitly stated

　　In conclusion, The Prop Trading broker presents a unique opportunity for traders seeking to leverage substantial capital while navigating the complexities of the forex market. However, potential clients should remain vigilant regarding the risks associated with trading with an unregulated broker and ensure they fully understand the terms and conditions before engaging with the firm.

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