Probis Broker Trade

Probis Trade: A Comprehensive Review of an Emerging Forex Broker

　　In the ever-evolving landscape of the foreign exchange market, brokers play a crucial role in facilitating trades and providing traders with access to various financial instruments. One such broker, Probis Trade, has garnered attention since its inception in 2009. However, its recent regulatory challenges have raised questions about its credibility and safety. This article aims to provide an in-depth analysis of Probis Trade, focusing on its trading conditions, platform features, advantages, and disadvantages, while addressing three core questions:

• What are the trading conditions offered by Probis Trade？
• How does the trading platform perform in terms of usability and product offerings？
• What are the safety measures in place to protect traders' funds？

　　

Broker Overview and Trading Conditions

　　To understand Probis Trade's market position, we first examine its fundamental details:

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

　　Probis Trade offers a range of trading conditions that are competitive within the industry. The leverage of 1:30 is standard for many brokers, allowing traders to control larger positions with a relatively small capital outlay. However, the absence of a specified minimum deposit may be a double-edged sword, as it could either attract new traders or raise concerns about the broker's transparency.

　　In comparison to industry standards, Probis's average spread of 3 pips for major currency pairs is on the higher side. This could result in increased trading costs for clients, particularly for high-frequency traders. Traders should weigh these conditions against their trading strategies and risk tolerance.

　　

Trading Platform and Product Analysis

　　Probis Trade utilizes its proprietary trading platform, known as Probis Auton, which supports trading across various financial instruments, including forex, commodity CFDs, and securities CFDs. Unlike many brokers that offer MetaTrader 4 or 5, Probis Auton aims to provide a user-friendly interface and features that accommodate both novice and experienced traders.

　　

Trading Instruments Offered

Currency Pair Category	Number Offered	Minimum Spread	Trading Hours	Commission Structure
Major Currency Pairs	10+	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 platform supports trading in a variety of currency pairs, with trading hours extending 24 hours a day, five days a week, which is essential for forex traders. However, the lack of transparency regarding commission structures may deter some traders who prefer clear cost breakdowns.

　　In terms of execution speed, users have reported mixed experiences. While the platform is designed for quick order execution, some traders have noted instances of slippage during volatile market conditions. This is a critical consideration for those employing rapid trading strategies.

　　

Advantages, Disadvantages, and Security Assessment

　　

Advantages:

• Diverse Tradable Assets: Probis Trade offers a variety of trading instruments, including forex and CFDs, catering to different trading preferences.
• User-Friendly Platform: The proprietary Probis Auton platform is designed to be accessible for traders of all experience levels.
• Demo Account Availability: The option to open a demo account allows traders to practice without financial risk.

　　

Disadvantages:

• Regulatory Uncertainty: The revocation of its ASIC license raises significant concerns regarding the broker's legitimacy and oversight.
• High Average Spreads: The average spread of 3 pips may increase trading costs, particularly for active traders.

　　

Security Measures

　　Probis Trade's security measures are currently under scrutiny due to its revoked regulatory status. While the broker claims to implement standard security protocols, including data encryption and segregated accounts, the lack of regulatory oversight can leave traders vulnerable.

　　Customer satisfaction ratings have been mixed, with many users expressing concerns about the broker's transparency and responsiveness to inquiries. A low score of 1.39/10 from WikiFX indicates a need for potential clients to approach with caution.

　　

Practical Strategy and Summary Recommendations

　　For traders considering using Probis Trade, a basic strategy could involve starting with a demo account to familiarize themselves with the platform's features and trading conditions. Once comfortable, traders can transition to a live account, utilizing a risk management approach that limits exposure to any single trade to a small percentage of their total capital.

　　In summary, while Probis Trade offers a range of trading instruments and a user-friendly platform, its regulatory status raises significant concerns about the safety of traders' investments. Traders should conduct thorough research and consider their risk tolerance before engaging with this broker. The platform may suit those who are willing to navigate the risks associated with trading with an unregulated broker, but caution is strongly advised.

　　

FAQ

　　Q: Is Probis Trade a regulated broker？

　　A: No, Probis Trade was previously regulated by ASIC, but its license has been revoked, raising concerns about its legitimacy.

　　Q: What types of accounts does Probis Trade offer？

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

　　Q: Can I trade on mobile devices with Probis Trade？

　　A: Yes, the Probis Auton platform is accessible on various devices, including PCs, tablets, and mobile devices.

　　

Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved before trading.