Trading Pro Review 1
Trading Pro is something that I haven't heard of before, but I really liked their platform. A friend of mine gave me some tips that helped me at the very beginning.
Trading Pro Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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Trading Pro is something that I haven't heard of before, but I really liked their platform. A friend of mine gave me some tips that helped me at the very beginning.
Trading Pro has emerged as a notable player in the online trading landscape since its inception in 2017. This review synthesizes various sources to present a comprehensive evaluation of the broker, highlighting its strengths, weaknesses, and user experiences. Overall, Trading Pro offers a mix of competitive trading conditions and a diverse range of assets, but potential traders should be cautious due to regulatory concerns and mixed user feedback.
Note: It is crucial to recognize that Trading Pro operates through multiple entities across different regions, each with varying regulatory oversight and customer experiences. This review aims to provide a fair and accurate assessment based on the best-performing region for each factor under review.
Category | Score (out of 10) |
---|---|
Account Conditions | 7.2 |
Tools and Resources | 5.2 |
Customer Service and Support | 6.6 |
Trading Experience | 8.0 |
Trust | 5.0 |
User Experience | 7.0 |
We score brokers based on extensive research and user feedback, ensuring a balanced and comprehensive assessment.
Founded in 2017, Trading Pro International Ltd operates primarily from St. Vincent and the Grenadines and is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The broker provides access to various trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to engage in a wide array of financial instruments, such as forex, indices, precious metals, oil, cryptocurrencies, and equities.
Trading Pro is regulated by the FSCA in South Africa and holds a global business license from the Financial Services Commission (FSC) in Mauritius. However, its regulation is considered less stringent than that of tier-1 authorities, which may raise concerns for risk-averse traders.
Traders can deposit and withdraw in various currencies, including USD, GBP, EUR, AUD, CAD, and JPY. The minimum deposit varies by account type, with micro and rookie accounts requiring just $1.
The broker offers a low entry barrier with a minimum deposit of $1 for micro and rookie accounts, $10 for pro accounts, and $50 for scalpx accounts, making it accessible for novice traders.
Trading Pro offers a cashback program that provides rebates on executed trades, which can help reduce transaction costs. However, this is one of the few promotional offerings available, indicating a lack of diversity in incentives for traders.
The broker allows trading in a variety of asset classes, including over 50 forex pairs, commodities, indices, and cryptocurrencies. However, the availability of crypto CFDs may be restricted in certain regions due to local regulations.
Spreads vary by account type, with micro and pro accounts starting from 1.6 pips, while rookie and scalpx accounts can have spreads as low as 0 pips, albeit with a commission of $3 per lot. The absence of rollover fees across all accounts is a significant advantage for long-term traders.
Trading Pro offers high leverage options, up to 2000:1 for forex trading, which can amplify both potential gains and losses. Traders should exercise caution when utilizing high leverage to manage risk effectively.
Traders can access MT4, MT5, and cTrader platforms, which are known for their reliability and comprehensive trading tools. These platforms cater to various trading styles, from beginners to advanced traders.
Trading Pro does not accept clients from several countries, including the USA, Canada, and Japan, due to regulatory restrictions. This limitation may affect potential traders from these regions.
Customer support is available 24/7 in English and Malay, with additional language support through their website. However, the quality of responses may vary, with some users reporting generic replies lacking depth.
In conclusion, Trading Pro presents a mixed bag for potential traders. While it offers a flexible trading environment with competitive spreads and a diverse asset range, the regulatory status and customer service quality may deter some investors. The lack of comprehensive educational resources and transparency regarding certain policies, such as negative balance protection, further complicate the decision-making process for traders. As always, prospective clients should conduct thorough due diligence before engaging with any broker, especially one like Trading Pro, which may not align with their trading needs and risk tolerance.
Category | Score (out of 10) |
---|---|
Account Conditions | 7.2 |
Tools and Resources | 5.2 |
Customer Service and Support | 6.6 |
Trading Experience | 8.0 |
Trust | 5.0 |
User Experience | 7.0 |
This Trading Pro review aims to equip traders with the necessary insights to make informed decisions about their trading journey.
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