Prolio Review 1
ProlioFX is a scam. Everyone be careful. Attatch the screenshot








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ProlioFX is a scam. Everyone be careful. Attatch the screenshot
Prolio, a forex and CFD broker, has generated considerable attention in the trading community. However, the overall sentiment regarding this broker is largely negative, with concerns about its regulatory status and user experiences. Key findings indicate that Prolio lacks proper regulatory oversight, which raises significant risks for potential traders.
Note: Its crucial to highlight that various entities operate under the Prolio name across different jurisdictions, adding complexity to its evaluation. We have employed a comprehensive methodology to ensure fairness and accuracy in our assessment.
Criteria | Rating (out of 10) |
---|---|
Account Conditions | 2 |
Tools and Resources | 3 |
Customer Service and Support | 2 |
Trading Setup (Experience) | 3 |
Trustworthiness | 1 |
User Experience | 2 |
We assess brokers based on a rigorous set of criteria that includes user feedback, regulatory compliance, and overall trading experiences.
Established between 2015 and 2018, Prolio operates under the name Prolio Consulting Service Limited. It primarily focuses on forex and CFD trading. However, one of the most alarming aspects of this broker is its lack of regulatory oversight, which is a significant red flag for potential investors. Prolio does not support any well-known trading platforms like MT4 or MT5, which are often preferred by traders for their comprehensive features and tools.
Regulated Geographies/Regions: Prolio does not have any valid regulatory information, leading to significant concerns about its legitimacy. As per various sources, it has been flagged by regulatory bodies for operating without authorization.
Deposit/Withdrawal Currencies/Cryptocurrencies: The specific currencies supported for deposits and withdrawals are not clearly defined in the available information, which could pose challenges for traders looking to manage their accounts effectively.
Minimum Deposit: The minimum deposit requirement is reportedly quite high, with some sources indicating amounts starting from $10,000, which is not competitive compared to other brokers in the market.
Bonuses/Promotions: There is little information available regarding bonuses or promotional offers from Prolio, which could impact its appeal to new traders looking for incentives.
Tradable Asset Classes: Prolio claims to offer a range of tradable assets, but the lack of clarity around its offerings raises questions about the diversity and quality of its asset classes.
Costs (Spreads, Fees, Commissions): Specific details regarding spreads and commissions are not readily available, which is concerning for traders who need to understand their potential costs before engaging with a broker.
Leverage: Information on leverage options is scarce, making it difficult for traders to assess the risk and potential returns associated with trading on this platform.
Allowed Trading Platforms: Prolio does not appear to support popular trading platforms such as MT4 or MT5, which could deter experienced traders accustomed to these tools.
Restricted Regions: The broker does not provide clear information about restricted regions, which could lead to complications for international traders.
Available Customer Service Languages: The customer service options are limited, and users have reported difficulties in reaching support, which further diminishes trust in the broker.
Criteria | Rating (out of 10) |
---|---|
Account Conditions | 2 |
Tools and Resources | 3 |
Customer Service and Support | 2 |
Trading Setup (Experience) | 3 |
Trustworthiness | 1 |
User Experience | 2 |
Account Conditions: The high minimum deposit requirement and lack of transparency regarding account types significantly limit accessibility for new traders. According to various reviews, potential clients are discouraged by these factors.
Tools and Resources: The absence of a well-known trading platform and limited educational resources make it difficult for traders to perform effectively. Many users have expressed frustration over the lack of support tools.
Customer Service and Support: Numerous complaints indicate that customer service is not responsive, with reports of long wait times and unhelpful responses. This has been a consistent issue highlighted in user reviews.
Trading Setup (Experience): The lack of regulatory oversight and transparency has created a negative trading experience for many users, leading to concerns about the safety of their funds.
Trustworthiness: Prolio has been flagged by multiple sources for operating without the necessary regulatory licenses, leading to a very low trust rating.
User Experience: Overall user experience has been rated poorly, with many users reporting difficulties in navigating the platform and accessing essential trading features.
In conclusion, the Prolio review reveals significant concerns regarding its legitimacy, regulatory status, and overall user experience. Potential traders are advised to exercise extreme caution and consider alternative brokers that offer better regulatory oversight and user support.
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