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ProTrade24
Regulators:
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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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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