Trading Pro is a forex broker established in 2018, registered in Saint Vincent and the Grenadines, with its headquarters located in Kingston. This broker primarily offers services in forex, precious metals, indices, and stocks among other financial derivatives. However, the broker does not provide services to Australia, Belgium, France, Iran, Japan, North Korea, and the United States.
Company Background:
Trading Pro is a brokerage firm offering trading services, with the registered entity being TradingPro International Limited, headquartered in Saint Vincent and the Grenadines. Despite its official website claiming establishment in 2017, information from the Financial Services Authority of Saint Vincent and the Grenadines indicates the company was registered there in 2018. According to Whois information, the domain name of Trading Pro's official website was registered on April 18, 1999.
Regulatory Information:
Trading Pro is a broker regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. According to information displayed on the official website of the Financial Sector Conduct Authority, Trading Pro is indeed regulated by this authority.
However, compared to some other regulatory bodies such as the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) of the UK, the regulatory oversight of the FSCA might be considered weaker. This means that the standards and regulations of this authority might not be as stringent as other well-known regulatory bodies, potentially resulting in a lower level of regulation for brokers.
Trading Products:
Trading Pro offers a variety of trading products including forex, precious metals, and stocks.
- Forex Trading: Trading Pro allows investors to participate in the forex market, offering trading opportunities with various currency pairs. Investors can trade based on the price fluctuations between one currency and another. Available currency pairs include but are not limited to EUR/USD, GBP/USD, and USD/JPY.
- Precious Metals Trading: Trading Pro provides trading opportunities in the precious metals market. The precious metals market is a global market that includes gold, silver, and other metals, allowing investors to trade these metals.
- Indices Trading: Trading Pro allows investors to trade based on the price trends of specific financial indices. These indices include stock indices, commodity indices, bond indices, and more, offering investors a chance to participate in these markets.
- Stock Trading: Trading Pro allows users to trade a wide range of global stocks. Investors can trade stocks of various well-known companies such as Apple, Microsoft, Amazon, and others.
Trading Platforms:
Trading Pro offers investors the renowned trading platforms of MetaTrader 4 (MT4) and MetaTrader 5 (MT5), famous for their advanced trading functionalities and a variety of analytical tools. MT4 provides various trading indicators, automated trading via Expert Advisors, and extensive charting tools. MT5 builds on its predecessor with more technical indicators, a wider range of order types, and an enhanced built-in economic calendar.
Account Registration:
Trading Pro’s official website provides a link for live account registration, detailed as follows:
Firstly, open the Trading Pro official website and click "Register" at the top right corner of the homepage.
You can complete the account registration by filling in the information (such as email, password, etc.) as directed.
Account Types:
Trading Pro offers five different types of trading accounts: Micro, Rookie, Pro, and Scalpx to meet the needs of different traders. Micro and Rookie accounts require a minimum initial deposit of only $1, while the Pro account has a minimum deposit of $10, and the Scalpx account requires a minimum of $50. More experienced traders can opt for Pro and Scalpx accounts, which offer more trading functionalities and tools. All account types offer a leverage of up to 1:2000. Users can choose different account types according to their trading needs.
Spreads and Leverage:
The four types of accounts offered by Trading Pro (Micro, Rookie, Pro, ScalpX accounts) have a maximum leverage of 1:2000, but the commission information for all accounts is not specified.
Deposits and Withdrawals:
Trading Pro also provides various deposit and withdrawal options, such as VISA, Walaopay, FasaPay, Paytrust, among others. The advantages of Trading Pro include a user-friendly interface, educational resources, advanced charting tools, high security standards, and a variety of account types. However, there are also potential disadvantages such as weaker regulation, limited asset types, non-24/7 customer service, possible higher fees, and application performance issues.
Customer Support:
This brokerage offers 24/7 multilingual support, with support provided through multiple channels, including telephone support, email support, and online chat. Traders can contact the customer support team at the phone number +4402032894388 for direct and immediate assistance. Investors can also send their queries or requests to support@tradingpro.com. Additionally, the online chat feature on the Trading Pro website facilitates quick communication with the broker.
Conclusion:
Trading Pro is registered in Saint Vincent and the Grenadines and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. Trading Pro offers a variety of trading products, including forex, precious metals, and stocks. However, the leverage ratio offered by this broker is considered high. TraderKnows reminds investors that before engaging in high leverage trading, it is essential to receive adequate education, understand market mechanics, and carefully consider their investment goals and risk tolerance.
Currently, Trading Pro is marked as "In-Operation" on TraderKnows.
