PROINVEST Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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PROINVEST's website is no longer up, I think it's out of business. So don't waste your time here. If you have invested here before and still have a balance that has not been withdrawn, good luck!
Proinvest has garnered significant attention in the online trading community, but opinions about this broker are largely negative. Many reviews highlight serious concerns regarding its regulatory status, transparency, and user experiences. Notably, Proinvest operates without oversight from reputable regulatory authorities, which raises red flags about the safety of funds and the legitimacy of its operations. Users have reported difficulties with withdrawals, aggressive marketing tactics, and a lack of transparency regarding fees and trading conditions.
Note: It is important to recognize that there are multiple entities operating under the name "Proinvest," which can lead to confusion. This review focuses on Proinvest Partners, which has been flagged by various regulatory bodies.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 2 |
| User Experience | 3 |
| Additional Features | 4 |
We rate brokers based on user feedback, regulatory compliance, and overall service quality.
Founded in 2018, Proinvest Partners is an online brokerage based in St. Vincent and the Grenadines. It claims to offer a wide range of trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies. The platform supports various trading tools, including the popular MetaTrader 4 (MT4). However, Proinvest is unregulated, which poses significant risks to potential investors. The lack of oversight means that there is minimal protection for users, especially in cases of misconduct or insolvency.
Proinvest operates without regulation from any top-tier financial authority. It is registered with the Financial Services Authority (FSA) of St. Vincent and the Grenadines, which is not considered a reputable regulator in the forex industry. The Alberta Securities Commission in Canada has issued warnings against Proinvest, labeling it as unregulated and potentially fraudulent. This lack of oversight is a significant concern for traders.
Proinvest accepts a variety of payment methods, including credit cards, e-wallets, and cryptocurrencies. However, users have reported difficulties when attempting to withdraw their funds, with some claiming that their requests were ignored or delayed without explanation.
The minimum deposit required to open an account with Proinvest is reported to be $250, which is relatively low compared to other brokers. However, the low entry point does not compensate for the lack of regulatory oversight and user complaints regarding withdrawal issues.
While Proinvest offers various promotional bonuses, some users have reported that these promotions come with hidden conditions that are not clearly outlined on the website. This lack of transparency can lead to confusion and frustration among traders.
Proinvest claims to offer access to over 250 trading assets across multiple markets, including forex, stocks, commodities, and cryptocurrencies. However, the actual availability of these assets may vary, and users are advised to verify the offerings before committing funds.
The costs associated with trading on Proinvest are not clearly defined on its website, leading to speculation among potential users. Reports indicate that users may face hidden fees or high spreads, which can significantly impact trading profitability.
Proinvest offers high leverage of up to 1:500, which can be attractive to traders looking to maximize their potential returns. However, high leverage also increases risk, particularly for inexperienced traders.
Proinvest primarily supports the MetaTrader 4 platform, which is widely regarded for its user-friendly interface and comprehensive trading tools. However, the absence of additional platforms may limit options for traders who prefer alternative solutions.
Proinvest does not accept clients from the United States or certain other jurisdictions, which may limit its accessibility for some traders. This restriction is common among unregulated brokers, as they often avoid markets with stringent regulatory requirements.
Customer service appears to be a significant weakness for Proinvest, with reports of slow response times and unhelpful support staff. The availability of support in multiple languages is not clearly stated, which may further hinder communication for non-English speakers.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 2 |
| User Experience | 3 |
| Additional Features | 4 |
The account conditions at Proinvest are not competitive, especially given the numerous complaints about withdrawal issues. Users have expressed frustration over the lack of clarity regarding fees and the difficulty in accessing their funds.
While Proinvest claims to provide various trading tools, many users feel that the resources available do not meet their expectations, particularly in terms of educational materials and market analysis.
Customer service is a major concern for Proinvest, with many users reporting poor experiences when attempting to resolve issues. The lack of timely support can lead to dissatisfaction and mistrust.
The overall trading experience on Proinvest is marred by reports of withdrawal difficulties and unclear fee structures. Many users have expressed concerns about the platform's reliability.
Trustworthiness is a significant issue for Proinvest, given its unregulated status and the negative feedback from users. The absence of oversight raises questions about the safety of funds and the legitimacy of its operations.
User experiences with Proinvest are generally negative, with many traders reporting challenges in accessing their funds and receiving adequate support.
While Proinvest offers some features like high leverage and access to various asset classes, these do not outweigh the significant concerns regarding its regulatory status and user experiences.
In conclusion, the Proinvest review indicates that potential traders should exercise extreme caution before engaging with this broker. The lack of regulation, coupled with numerous negative user experiences, makes it a risky choice for anyone looking to invest online.
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