Search

ProMarkets Finance Forex Broker provides real users with * positive reviews, * neutral reviews and 3 exposure review!

ProMarkets Finance Broker Review

1.30

WikiFX monitor

Business

Influence E

License

No license

ProMarkets Finance Review 3

Latest All(3) Exposure(3)
Exposure
Highly qualified fraud.

Good morning, I am the victim of a scheme in which Orionpromarketsfinance.com is being used to build security and initial credibility for customers to be taken to a second stage which consists of transferring resources to be managed by promarketsfinance.comOn 13/ 08/23 I acquired the orion software as per the attached receipt and the system was installed and resources contributed, under the guidance and advice of, Instagram Info 62 838 69187703 who helped me and operated the system and after a few days, suggested and transferred the account and started doing applications. He built a level of trust and asked me to sign an AGREEMENT POSITIONS instrument and with that, he blocked my resources and no longer reports to me, attached documents. I requested the account to be closed and to this day I have not received a response. Thank you.

Larri
2024-01-20
Exposure
SCAMMER SCAM

THIS BROKER STOLE ALL MY MONEY TOTAL OF 61 THOUSAND DOLLARS THEY STOLE ME FIRST THEN THEY migrated my account to another OBV MARKETS platform USING META 5 TRADING ACCOUNT 802665; In the document, he sent me saying that it is from JPMORGAN It is called GAINEXT PRO Analyst Manager of my account Guilherme Dantas THEY ARE ACTING A SCAM USING THE NAME OF JPMORGAN BANK THAT A REFUND WOULD BE TO GIVE CREDIBILITY TO THE SCAM IF JPMORGAN BANK BECOME AWARE OF THESE SCAMS IF I DON'T TAKE ACTIONS YA BEING COMPLIANT WITH PS SCAMS, I HOPE SOMEONE CAN TAKE ACTIONS FOR THESE SCAMMED SCAMMERS I DON'T KNOW ANYONE ELSE AFTER ME IT WAS 61 THOUSAND DOLLARS

Alenkar
2024-01-11
Exposure
I have a total of 50 thousand dollars deposit

I've been trading with them for 3 months now, at first it was wonderful, I made the first investment of 1700 dollars, they generated a profit, then they asked me to make a test withdrawal of 100, ok, I did everything ok, then I made another contribution of 5,000 dollars and more another total of 25 thousand dollars to purchase oil and gold, then they told me that the next asset would be AAPL BANK PLUS 25 thousand dollars I said that there was no amount, the analyst with the bank made a letter of credit to carry out an operation that it would be for me not to lose the operation, they gave me a deadline of 27 days to pay off the operation, it was done on the 4th of November with a deadline of 25 for me to pay off this letter of credit, I was like crazy looking for money, I took the limit of several credit cards several accounts to be able to raise this amount 25 thousand dollars 125 thousand reais I couldn't arrange it until the 25th, they gave it to me until the 29th, I sent everything I wanted money until I could send everything on Friday the 1st, then they said that I would send the rest of the money. I could now withdraw 12 thousand doloarae so I could pay the cards and money that I borrowed, if I couldn't meet the deadline I would be fined 20% on top of my total amount, then on Monday the 4th they called me saying that they were going to escalate my account and make some operations to release my withdrawal of 12 thousand dollars, they said it was going to be Monday, Tuesday and last Wednesday and nothing, on Friday my account manager called me and said that everything was fine and we were going do the operations this week to generate a bigger profit so I can make my withdrawal so I can get the loans I took out. In short, the money appears here on the platform at 73 thousand dollars but I can't do anything and they don't answer my messages anymore, they call whenever they want To reassure myself, I find it very strange because before paying the entire amount that the bank had contributed for me, it called me every day two or three times

Alenkar
2023-12-12

  

ProMarkets Finance 2025 Review: Everything You Need to Know

  ProMarkets Finance has garnered significant attention in the forex trading community, primarily due to a series of alarming reviews and user experiences that paint a troubling picture of the broker. Overall, the consensus among various sources is overwhelmingly negative, with numerous complaints about its lack of regulation, customer service failures, and potential fraudulent activities. Key findings include the absence of valid regulatory oversight and a multitude of user reports alleging scams and fund mismanagement.

  Note: It is crucial for potential investors to understand that ProMarkets operates under various entities across different regions, which complicates the regulatory landscape. This review aims to present a fair and accurate perspective based on the latest findings.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 1
Tools and Resources 2
Customer Service and Support 1
Trading Setup (Experience) 1
Trustworthiness 1
User Experience 1

  How We Rate Brokers: Our ratings are derived from a comprehensive analysis of user reviews, expert opinions, and factual data regarding the broker's operations.

  

Broker Overview

  Founded in 2023, ProMarkets Finance is an online trading platform that claims to provide advanced trading services powered by artificial intelligence. The broker primarily facilitates trading in forex and CFDs but has faced scrutiny for its lack of transparency and regulation. ProMarkets operates without a valid license from any major regulatory authority, raising significant concerns about its trustworthiness. The platform reportedly utilizes popular trading software like MT4 and MT5, but the details surrounding its operational legitimacy remain questionable.

  

Detailed Section

  •   Regulatory Status:

      ProMarkets Finance is not regulated by any recognized financial authority, which is a critical red flag for potential investors. The broker claims to be based in the British Virgin Islands (BVI), but reports indicate that the BVI Financial Services Commission does not authorize it to offer financial services. This lack of oversight increases the risk for investors, as they have limited recourse in the event of disputes or fund mismanagement.

  •   Deposit/Withdrawal Currencies/Cryptocurrencies:

      There is little information available regarding the specific currencies accepted for deposits and withdrawals. Users have reported difficulties in withdrawing funds, with many alleging that their accounts were frozen after they attempted to make withdrawals.

  •   Minimum Deposit:

      Details regarding the minimum deposit required to open an account with ProMarkets Finance are not clearly stated in the available reviews. However, user experiences suggest that initial deposits are often followed by requests for additional funds, which raises concerns about the broker's practices.

  •   Bonuses/Promotions:

      Information about bonuses or promotional offers is scarce. However, some users have reported being lured into investing more money through promises of high returns and bonuses, which are common tactics used by fraudulent brokers.

  •   Tradeable Asset Classes:

      ProMarkets Finance claims to offer a range of trading instruments, including forex pairs and CFDs. However, the lack of regulatory oversight and transparency about the assets available for trading raises questions about the legitimacy of these offerings.

  •   Costs (Spreads, Fees, Commissions):

      The specific costs associated with trading on ProMarkets Finance are not well-documented. Users have reported hidden fees and unfavorable trading conditions, which are common complaints among unregulated brokers.

  •   Leverage:

      Information regarding leverage options is not explicitly mentioned in the reviews. However, many unregulated brokers tend to offer high leverage ratios, which can be risky for traders.

  •   Allowed Trading Platforms:

      ProMarkets Finance reportedly supports popular trading platforms such as MT4 and MT5. However, the lack of transparency regarding the broker's operational practices raises doubts about the reliability of these platforms.

  •   Restricted Regions:

      The reviews do not provide clear information on restricted regions. However, given the broker's unregulated status, it is advisable for potential users to check local laws and regulations before engaging with the platform.

  •   Available Customer Service Languages:

      Customer service support appears to be lacking, with many users reporting unresponsive service and difficulties in obtaining assistance. The absence of clear contact information further exacerbates these issues.

      

  •   

    Repeated Ratings Overview

    Category Rating (out of 10)
    Account Conditions 1
    Tools and Resources 2
    Customer Service and Support 1
    Trading Setup (Experience) 1
    Trustworthiness 1
    User Experience 1

      

    Detailed Breakdown of Ratings

    •   Account Conditions: Users frequently reported unfavorable conditions, including hidden fees and unresponsive account management, leading to a low rating.

    •   Tools and Resources: The platform claims to offer advanced trading tools, but user experiences indicate a lack of effective resources and support.

    •   Customer Service and Support: Numerous complaints highlight the unavailability of customer support and inadequate responses to inquiries, resulting in a very low rating.

    •   Trading Setup (Experience): The trading experience has been marred by reports of account freezes and fund mismanagement, contributing to a poor rating.

    •   Trustworthiness: The absence of regulation and numerous user complaints about scams significantly diminish the broker's trustworthiness.

    •   User Experience: Overall user experiences have been overwhelmingly negative, with many users reporting feelings of being scammed or misled.

      In conclusion, potential investors are strongly advised to exercise caution when considering ProMarkets Finance as a trading option. The overwhelming evidence of unregulated operations and user complaints suggests that this broker may pose significant risks to investors. It is crucial to conduct thorough research and consider alternative, regulated brokers for trading activities.