ProTrade.fm Review

Not yet rated
2 REVIEWS
Out of business Alpha-Tech Group OÜ
Updated: Mar 26, 2023
ProTrade is a forex broker. Pro Trade offers the PROTRADE WebTrader forex trading platform. ProTrade.fm offers over 50 forex currency pairs, commodities, stocks, indices, gold, silver, oil, bonds, ETFs, bitcoin and other cryptocurrencies for your personal investment and trading options.
From at least as early as November 2020 until May 2021, a very large number of fake and suspicious reviews have come in.  These reviewers overlap between multiple companies, including:

24XForex.com
CapitalOfFocus.com
Dolce500.com
FXPN.eu
Goldver.com
IngoInvest.com
InvestingState.com
Markets4Now.com
ProTrade.fm
ToolTrades.com
TradeFW.com
TurboMillion.com

Website is down. Company seems to be out of business.

Broker Details

Minimum Trade Size: Unknown
Maximum Leverage: 300:1
Minimum to Open Live: $250
Established: Unknown
Address: Corporate Center, Austrasse 46, 8045, Zurich, Switzerland
Contact: support@protrade.fm, + 442037692568
Regional offices:
Regulators:
Prohibited countries: Unknown
Trading platforms: WebTrader
Web Trading: ✅ Yes

Trading Instruments

Currencies: (50+)
Cryptocurrencies: (20+) Bitcoin, Litecoin, Ethereum
CFD: (795+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities

Trading Conditions

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, bitwallet
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, bitwallet
* Please check broker website for more information
Not yet rated
2 REVIEWS

Recent User Reviews of ProTrade.fm

J
Jurij
Slovenia, Slovenia,
Aug 25, 2021,
Registered user

Imposible to withdraw

Service use: Live Length of use: 3-6 Months
My problem is nearly the sam. My first investment was 250USD than after some gains I was advised to invest more (2000USD). They lost my money (twice , because it was secured). After that I recovered it and now I want to withdraw, but they said that I have to pay fees first (5112USD for withdrawing 39.000 USD). It is not possible to pay fees from my trading account!!!
T
tim palmer
west midlands, United Kingdom,
Apr 9, 2021,
Registered user

forwarned is forarmed protrade.fm be very careful or find another broker

Service use: Live
hi im new to the site and having read some other reviews,i thought i should let others know about my brief experience with protrade.fm ,basically avoid them at all costs you will get drawn into opening an account with the initial deposit in my case £250 to register and open an account ,then you will speak to a broker who will insist that he can give you a 30-40% return on your investment ,2 days later ,the broker contacts you again and shows you a profit on your initial deposit ,and then pleads with you to invest more ,not happy with a few hundred we are talking thousands ,advising of various ways to raise capital to invest with protrade.fm so if like me i made the investment up to £1000, ,the money then goes to work ,but you have no control over your investment ,although in my situation there is a 25% profit approximately,, i have no control of either buying or selling or stopping any trades ,i am basically locked out of my own account and now suffering regular losses and insignificant profits.so when the time comes that you would like to withdraw any of the funds in your account you get stonewalled and told you have insufficient funds available to withdraw ,why you may ask well its because (in my case ) i have 5 open trades active on your account ,which i didn't authorise and again have no control over ,,finally ive since found out Protrade.fm is an unregulated trading company with un licensed brokers ,,yes i know its my own fault ,so please avoid this company at all costs