Promarket-AI, registered in 2023, is a forex broker primarily offering CFD trading services to investors. The broker is not effectively regulated, posing significant risks in providing forex and related services. Promarket-AI has not disclosed specific deposit and withdrawal methods, only providing an email contact, support@promarket-ai.com.
Company Background and Regulatory Status:
Promarket AI is an emerging financial services company established in 2023. The company primarily offers forex and related services, claiming to utilize advanced AI technology for trading decisions. There is a level of opacity in its corporate information disclosure. Crucial information such as its entity, registration details, and office address has not been disclosed, limiting understanding of the company's actual operations and background. Promarket AI's official website (https://promarket-ai.com/index.html) also exhibits a lack of transparency, providing scant details about company operations and services. Notably, the website's domain was registered on December 6, 2023, indicating a very short existence, being less than a year old as of the publication date.
Promarket AI is not effectively regulated by any financial regulatory authority, thus posing substantial risks in providing forex and related services. Due to the lack of disclosure of important information such as the company's entity and registration details, and failure to undergo regulatory scrutiny and oversight, investors should be highly cautious with the services offered to avoid potential financial losses.
Trading Products:
The broker offers a variety of trading products, including currencies, spot, indices, spot energy, spot metals, and futures. These products cover different asset classes, providing investors with diverse trading options. Through its multi-asset trading platform, investors can engage in global financial market activities and make trading decisions based on market conditions and investment preferences.
Trading Platform:
The broker offers a self-developed trading platform, enabling investors to trade anytime and anywhere through WebTrader, mobile, or desktop versions. However, it is important to note that the platform does not have the backing of a physical company, which may introduce some trading risks. Additionally, the platform does not support common trading platforms such as MT4 or MT5, which might be challenging for investors accustomed to using these systems. Therefore, investors need to weigh the platform's convenience against its risks and make rational decisions based on their circumstances to ensure safe and efficient trading.
Account Registration:
Users can register an account through the broker's official website. After finding and clicking the "Account Registration" button on the site, fill out the registration form with information like first name, last name, country, phone number, and email. Once the account is successfully created, users can log in using the provided email and password.
However, the website mentions support for opening real accounts and Islamic Accounts, but specific account details are not provided. Lacking detailed information on spreads, leverage, commissions, and trading hours, users may find it unclear to understand account characteristics and trading conditions. This lack of key information might confuse investors when selecting the most suitable account type for their needs.
Deposit and Withdrawal Methods:
The broker has not disclosed specific deposit and withdrawal methods, leaving investors unaware of the exact deposit and withdrawal options the platform supports. The lack of this critical information might cause uncertainty for investors when choosing a suitable trading platform. Therefore, investors should pay extra attention to whether the deposit and withdrawal methods meet their personal needs and preferences when considering using the broker's services.
Customer Support:
The broker’s customer support is relatively limited, providing only an email contact, support@promarket-ai.com. The lack of other common contact methods, such as telephone and online services, may restrict investors’ options for timely problem-solving or consultation with the customer service team when needed.
Conclusion:
As a newly established financial services company, Promarket AI has yet to build a comprehensive corporate information disclosure mechanism and exhibits a lack of transparency. Additionally, the company is not under effective regulation by any financial regulatory body, increasing the risks faced by investors. Although it offers a diverse range of trading products and a self-developed trading platform, there are significant shortcomings in account registration, deposit and withdrawal methods, and customer support, which may bring inconvenience and uncertainty to investors. Therefore, investors should be cautious when choosing to use this broker's services to ensure investment safety and a good trading experience.
Currently, Promarket AI is labeled as "Suspected Fraud" on TraderKnows.
