ANSWER We strongly suggest you avoid ProTrade24, an unlicensed broker.The lack of regulatory information is a scam indicator. While it claims to be located in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA). What's more, the Federal Financial Supervisory Authority (BaFin) has issued a warning about ProTrade24, cautioning consumers about the services offered on the online trading platform ProTrade24. This appears to be a platform conducting banking business and/or providing financial services without the required authorization.In light of this, ProTrade24 is not secure. Investors trading with it are exposed to the risks of fraud and identity theft. To have a safer trading environment, investors are recommended to stay away from ProTrade24 and instead opt for fully regulated brokers.
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