Properfly Limited was incorporated on September 15, 2024. It is a newly created online broker offering a wide range of underlying financial instruments to trade on-including forex, stocks, indices, commodities, Bitcoin, metals, and energies on CFDs. Being a relatively fresh brokerage, it claims to have an intuitive trading platform that keeps up the trading process seamlessly for its clients around the globe.
Trading Products and Account Types
Properfly offers traders a wide range of financial products, including:
- Forex: Offers up to 43 currency pairs, including EUR/USD, USD/JPY, GBP/USD, etc.
- Stocks: Shares of 60 renowned companies listed in the US
- Indices: Offers 15 indices, including Dow Jones, Singapore A50 China Index, and others from global stock markets
- Cryptocurrencies: 6 mainstream cryptocurrencies including Bitcoin
- Precious Metals: Spot gold, silver, palladium, platinum
- Energy: Offers US crude oil (XTIUSD), UK crude oil (XBRUSD), and US natural gas (XNGUSD)
The broker offers the following account types:
MINI Account
- Leverage: 1:1 - 1:400
- Trading Hours: 24/5
- Minimum Trade Size: 0.01 lots
- Maximum Position Size: No limit
- Margin Call: 30%
- Stop Out Level: 100%
Standard Account
- Leverage: 1:1 - 1:400
- Trading Hours: 24/5
- Minimum Trade Size: 0.01 lots
- Maximum Position Size: No limit
- Margin Call: 30%
- Stop Out Level: 100%
VIP Account
- Leverage: 1:1 - 1:400
- Trading Hours: 24/5
- Minimum Trade Size: 0.01 lots
- Maximum Position Size: No limit
- Margin Call: 30%
- Stop Out Level: 100%
These account types are created for different traders. Though they come with high leverage opportunities, the associated risks can be huge. Hence, traders must be cautious while entering leveraged trading.
Trading Platform
Properfly claims to offer MetaTrader 4 (MT4) as the trading platform, which provides the following features:
- Real-time pricing and execution
- Buy and sell orders
- Access to over 30 technical indicators
- 24 analytical chart tools
- 9 timeframes ranging from 1 minute to 1 month
- Support for Expert Advisors (EA) automated trading
It says that it works on PC, iOS, and Android, but the download link from the App Store is either broken or redirects to different apps, which have nothing to do with this platform. This really sends an awfully wrong message about the reliability and user efficiency of this platform.
Regulation Issues
The website of the company does not share valid regulatory information with the known financial regulatory groups, including the UK FCA.
Upon checking the websites of the U.S. National Futures Association (NFA) and the UK Financial Conduct Authority (FCA), no registration data for Properfly Limited was found, and that means the broker is not duly regulated, which is already a big concern for every trader in search of a secure and reliable brokerage company.
Transparency and Missing Features
Moreover, another red flag was noticed - a complete lack of clear contact information or socials, which is very unusual for any kind of financial service provider. Besides, the lack of education is a warning for traders since most of the well-known brokers include such resources.
It does not give explicit information on how money will be invested or withdrawn, thus it has left the investors in the dark concerning your funds.
User Reviews and Online Reputation
The only "online presence" this broker has is very scanty. While one web platform boasts of various financial products with its system, it is impossible to get its user reviews or feedback on any reliable and well-known trading forum or review website. At least for such a broker, there should be some independent user reviews.
To add insult to injury, none of the information about the firm's personnel or physical offices raises suspicion regarding the validity of the same.
Website Traffic
According to data analysis from Semrush and Ahrefs:
- Domain Rating (DR): 0, indicating very low authority.
- URL Rating (UR): 0, suggesting very low authority of the URL.
- Backlinks: No recorded backlinks for the domain.
- Referring Domains: No referring domains, meaning no external sites link to this website.
- Organic Search Keywords: 2 keywords, indicating very limited presence in search engine results.
- Traffic: No recorded organic traffic, visitor count is zero.
- Traffic by Region: The only location that shows any traffic is Japan and for that location, no recorded traffic and no keywords are found.
These facts denote very low online presence, almost invisible, without any essential traffic and backlinks. It is a very fresh website since it holds low positions in search, which generally means it is a very risky choice for the trader in search of a serious broker.
Conclusion
Despite Properfly offering a range of trading products, high leverage, and a proprietary platform, there are some serious problems here, and any potential trader should be wary of a number of issues: unverified regulatory claims, non-working links to the platform, lack of transparency, and almost no online reputation.
Recommendation: Poorly explained rules, scarce shared information, and no reputable reviews on Properfly mean a future trader should be very careful. As usual, it is recommended choosing those brokers which respect regulations and have open activities within the market and enjoy a good reputation among colleagues.
