PROBIS Broker Trade

Probis Trade: A Comprehensive Review of the Forex Broker

　　In the dynamic world of forex trading, selecting the right broker is crucial for success. Probis Trade, an Australian-based forex broker, has garnered attention for its offerings in the forex market. Established in 2009, Probis Trade provides access to various financial instruments, including forex, commodity CFDs, and securities CFDs. However, with its regulatory status recently revoked, potential traders must exercise caution. This article will address three core questions:

• What are the trading conditions and offerings of Probis Trade？
• How does the trading platform compare to industry standards？
• What are the advantages and disadvantages of using Probis Trade？

　　

Broker Overview and Trading Conditions

　　The following table summarizes the essential information about Probis Trade:

Established	Regulatory Authority	Headquarters	Minimum Deposit	Leverage	Average Spread
2009	ASIC (revoked)	Sydney, Australia	Not specified	1:30	Starts at 3 pips

　　

Analysis of Trading Conditions

　　Probis Trade offers competitive trading conditions, although its lack of regulation raises concerns. The average spread of 3 pips is relatively high compared to industry standards, where many brokers offer spreads starting from 0.5 pips. The maximum leverage of 1:30 is standard for regulated brokers, but it may limit potential profits for traders looking for higher leverage options. Furthermore, the absence of a specified minimum deposit can be a double-edged sword, making it accessible for beginners while also raising questions about the broker's credibility.

　　

Trading Platform and Product Analysis

　　Probis Trade utilizes its proprietary trading platform, Probis Auton, which supports 24-hour trading across various asset classes. The platform is designed for efficiency and security, allowing traders to access the forex market, indices, precious metals, and commodities seamlessly.

　　

Available Currency Pairs and Features

　　The table below outlines the available currency pairs and their characteristics:

Currency Pair Category	Number Offered	Minimum Spread	Trading Hours	Commission Structure
Major Currency Pairs	15+	3 pips	24/5	Not specified
Minor Currency Pairs	10+	4 pips	24/5	Not specified
Exotic Currency Pairs	5+	5 pips	24/5	Not specified

　　The execution speed of trades on the Probis platform is reported to be efficient, although specific data on slippage is not provided. Traders have noted that the platform allows for quick order execution, which is essential in the fast-paced forex market.

　　

Advantages, Disadvantages, and Security Assessment

　　

Key Advantages

• Diverse Tradable Assets: Probis Trade offers a variety of trading instruments, including forex, commodity CFDs, and securities CFDs, catering to a wide range of trading preferences.
• User-Friendly Trading Platform: The Probis Auton platform is designed for ease of use, making it accessible for both novice and experienced traders.
• Demo Account Availability: Prospective traders can utilize demo accounts to practice trading strategies in a risk-free environment.

　　

Potential Disadvantages

• Uncertain Regulatory Status: The revocation of its ASIC license raises significant concerns regarding the safety of funds and the legitimacy of the broker.
• Lack of Transparency: The absence of clear information regarding commission structures and fees can lead to unexpected trading costs for users.

　　

Security Measures

　　Probis Trade claims to implement several security measures, including segregated client funds and daily reconciliation processes. However, with the recent regulatory issues, the effectiveness of these measures is under scrutiny. Customer satisfaction ratings are low, reflecting the growing concerns about the broker's reliability.

　　

Practical Strategy and Summary Recommendations

　　For traders using Probis Trade, a fundamental trading strategy could involve focusing on major currency pairs with higher liquidity, such as EUR/USD and USD/JPY. Utilizing technical analysis tools available on the platform, traders can identify key support and resistance levels to make informed entry and exit decisions.

　　In conclusion, while Probis Trade offers a range of trading instruments and a user-friendly platform, its uncertain regulatory status and lack of transparency regarding fees pose significant risks. Potential users should carefully weigh these factors and consider their trading experience before choosing this broker. Probis Trade may be suitable for experienced traders who can navigate the risks associated with unregulated brokers, but it is not recommended for beginners.

　　

FAQ

　　Q: Is Probis Trade a regulated broker？

　　A: Probis Trade was previously regulated by ASIC, but its regulatory status has been revoked, raising concerns about safety and legitimacy.

　　Q: What types of trading accounts does Probis Trade offer？

　　A: Probis Trade offers live accounts for real-money trading and demo accounts for practice.

　　Q: Can I access the trading platform on mobile devices？

　　A: Yes, the Probis Auton platform is accessible on PC, tablets, and mobile devices, providing flexibility for traders.

　　Risk Warning: Trading in forex and CFDs involves significant risk and may not be suitable for all investors. Always ensure you understand the risks involved before trading.