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Pro Lite Trade

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Broker violations and abnormal records
  • 2023-11-08 BrokersView has reviewed that Pro Lite Trade is an unregulated broker

    Pro Lite Trade potrays itself as a legitimate broker. It claims to be operated by Prolite Trade Group, including Prolite Trade Financial Services Limited in Cyprus, Prolite Trade UK Limited in the UK, and Prolite Trade Global Markets Ltd in the Bahamas.

    However, our search for these companies in the registers of relevant financial regulators, such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Securities Commission of the Bahamas (SCB), didn't yield any results. This means it is not financially registered in these countries.

    Furthermore, Pro Lite Trade claims to have an address in Cananda, which is why we searched for it in the registry of the Investment Industry Regulatory Organization of Canada (IIROC). Likewise, no matching entries are included in the register.

    In essence, Pro Lite Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Pro Lite Trade is unequivocally a scam.

    Pro Lite Trade potrays itself as a legitimate broker. It claims to be operated by Prolite Trade Group, including Prolite Trade Financial Services Limited in Cyprus, Prolite Trade UK Limited in the UK, and Prolite Trade Global Markets Ltd in the Bahamas.However, our search for these companies in the registers of relevant financial regulators, such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Securities Commission of the Bahamas (SCB), didn't yield any results. This means it is not financially registered in these countries.Furthermore, Pro Lite Trade claims to have an address in Cananda, which is why we searched for it in the registry of the Investment Industry Regulatory Organization of Canada (IIROC). Likewise, no matching entries are included in the register.In essence, Pro Lite Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Pro Lite Trade is unequivocally a scam.
  • 2024-01-14 BrokersView has received complaints regarding Pro Lite Trade's new web address

    https://prolite.club/ is a new web address created by Pro Lite Trade to solicit investors. Please beware of this scam and stay away from it.

    https://prolite.club/ is a new web address created by Pro Lite Trade to solicit investors. Please beware of this scam and stay away from it.

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Q&A Complaints

4 comments

raja sankar
please give approval My account number 101937 I don't intrest trade my account closed withdraw pending support not reply account manager not reply my withdraw not arravel still now please approval my withdraw 206 dollar Pending my number 9791838320
2024-06-12
1
Reply
Brokersview Official
Dear trader, we understand the distress and frustration this matter may have caused you. We encourage you to submit a complaint on our platform at https://www.brokersview.com/complaint. Our team will thoroughly review your case and work diligently to help you find a possible solution.
2024-06-12
Reply
MADAN BABU
I am also facing the same problem and facing issues with this company. Zero service and very poor I felt like I have been scammed my money still in withdrawal and I couldn't get it out I felt like a trap. Please any one take action and help me get out of the company
2024-07-04
Reply
raja sankar
Withdraw pending prolite -trade
2024-06-12
Reply
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