PROPERFLY LIMITED (sohobi.com) is a contract for difference (CFD) brokerage registered in the United Kingdom, established on February 16, 2022. This broker primarily offers trading services in financial derivatives including forex, cryptocurrencies, precious metals, energy, indices, and stocks. It does not provide services to jurisdictions where it may violate local laws or regulations, including the United States, Israel, Japan, Canada, and the European Union.
Company Registration Information and Regulatory Status
Public information on the official website of PROPERFLY LIMITED (sohobi.com) shows that its company registration number in the UK is 13920176. However, the site does not provide its regulatory information, and the "Regulation and licensing" page on the website is blank, with no information available.
Verification shows that on the Companies House website, PROPERFLY LIMITED is currently active, but the company experienced a compulsory strike-off on January 16, 2024. Additionally, no registration information for this company could be found on major financial regulatory databases such as the UK's Financial Conduct Authority (FCA), the United States' Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), the Australian Securities and Investments Commission (ASIC), and the European Securities and Markets Authority (ESMA).
Trading Instruments
PROPERFLY LIMITED provides various financial derivative trading services, including:
- Forex: Deals with trading between different national currencies. The forex market is the largest and most liquid financial market in the world.
- Cryptocurrencies: Digital or virtual currencies achieved through blockchain technology. Bitcoin and Ethereum are the most well-known examples.
- Precious Metals: Including gold, silver, platinum, etc., these assets are often seen as safe-haven investments, especially during times of economic uncertainty.
- Energy: Mainly includes crude oil and natural gas. Energy market prices are influenced by various factors such as supply, demand, and geopolitical risks.
- Indices: Reflects the overall performance of a group of stocks or other assets. Common indices include the S&P 500 and the Dow Jones Industrial Average.
- Stocks: Represent a share of ownership in a company. Investors can participate in the company's growth and profit distribution by purchasing stocks.
Account Opening Process
Testing shows that when attempting to open an account with PROPERFLY LIMITED by clicking "OPEN AN ACCOUNT" on the top right corner of their website, users are unable to access the normal account registration page, making it impossible to open an account.
Trading Accounts
PROPERFLY LIMITED offers six types of trading accounts: Micro, Bronze, Silver, Gold, Platinum, Diamond-VIP.
Micro Account:
- Minimum Deposit: $250
- Spread: From 0.6
- Withdrawal Fee: Yes
- Withdrawal Processing Time: Up to 48 hours
- Number of Assets: Over 700
- Online Trading Webinar: Weekly
- Bonus: Up to 30%
- Order Bonus: None
- Trading Signals from TRADING CENTRAL and MARKET BUZZ: None
- Daily Market Review by Market Analyst: None
- Trading Signals: Yes
Bronze Account:
- Minimum Deposit: $1,000
- Spread: From 0.6
- Withdrawal Fee: One per month without fee
- Withdrawal Processing Time: Up to 48 hours
- Number of Assets: Over 700
- Online Trading Webinar: Weekly
- Bonus: Up to 30%
- Order Bonus: None
- Trading Signals from TRADING CENTRAL and MARKET BUZZ: None
- Daily Market Review by Market Analyst: None
- Trading Signals: Yes
Silver Account:
- Minimum Deposit: $5,000
- Spread: From 0.6
- Withdrawal Fee: One per month without fee
- Withdrawal Processing Time: Up to 24 hours
- Number of Assets: Over 700
- Online Trading Webinar: Twice weekly
- Bonus: Up to 50%
- Order Bonus: None
- Trading Signals from TRADING CENTRAL and MARKET BUZZ: Yes (first 30 days)
- Daily Market Review by Market Analyst: Yes
- Trading Signals: Yes
Gold Account:
- Minimum Deposit: $10,000
- Spread: From 0.6
- Withdrawal Fee: None
- Withdrawal Processing Time: Up to 24 hours
- Number of Assets: Over 700
- Online Trading Webinar: Thrice weekly
- Bonus: Up to 80%
- Order Bonus: None
- Trading Signals from TRADING CENTRAL and MARKET BUZZ: Yes
- Daily Market Review by Market Analyst: Yes
- Trading Signals: Yes
Platinum Account:
- Minimum Deposit: $25,000
- Spread: From 0.3
- Withdrawal Fee: None
- Withdrawal Processing Time: Up to 24 hours
- Number of Assets: Over 700, with IPO participation capability
- Online Trading Webinar: Thrice weekly
- Bonus: Up to 80%
- Order Bonus: Up to 50% monthly
- Trading Signals from TRADING CENTRAL and MARKET BUZZ: Yes
- Daily Market Review by Market Analyst: Yes
- Trading Signals: Yes
Diamond-VIP Account:
- Minimum Deposit: $100,000
- Spread: From 0.3
- Withdrawal Fee: None
- Withdrawal Processing Time: Up to 5 hours
- Number of Assets: Over 700, with IPO participation capability
- Private Webinars
- Bonus: Up to 100%
- Order Bonus: Up to 50% every three months
- Trading Signals from TRADING CENTRAL and MARKET BUZZ: Yes
- Daily Market Review by Market Analyst: Yes
- Trading Signals: Yes
Trading Platform
PROPERFLY LIMITED provides the MT5 trading platform for users, available on desktop and mobile. Additionally, on the MT5 trading platform, this broker allows the opening of demo accounts or connecting already registered accounts, but it does not support opening new live trading accounts.
Deposits and Withdrawals
PROPERFLY LIMITED supports deposits and withdrawals through bank transfer, credit card, and Perfect Money.
Conclusion
Traderknows alerts investors that PROPERFLY LIMITED (sohobi.com) is an unregulated broker website. Unregulated brokers are typically not subject to strict legal and compliance requirements, and clients may not receive effective legal protection or compensation in the event of disputes or conflicts.
Investors are advised to choose brokers that are transparent and strictly regulated to avoid unnecessary financial losses.
