Prudence FX Trades is a forex broker whose official website domain was registered on April 27, 2023, primarily offering investors financial derivatives trading services such as forex, stocks, indices, energy, metals, and ETF contracts for difference. The broker does not provide services in jurisdictions that may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on the Prudence FX Trades website shows that the broker has multiple corporate entities under its name, regulated by several regulatory bodies. Among these, Prudence FX Trades Ltd is authorized and licensed by the Cyprus Securities Exchange Commission (CySEC), with a license number 1780019. Prudence FX Trades (registration number HRB11677B) is a designated agent of Ultra Booster Trade Ltd registered with the Federal Financial Supervisory Authority (BaFin) in Germany. Additionally, this broker was authorized by the Mauritius Financial Services Commission (FSC) on October 2, 2017, as an investment dealer under the license number C17554381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with the license number SD0175.
Based on verification of the public information on its website, the Cyprus Securities Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Mauritius Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA) do not have regulatory registration information for this broker.
Account Opening:
To open an account with Prudence FX Trades: visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” at the top right corner of the webpage to enter the account registration page, fill in personal information such as name, email address, set a login password, and submit. Once the application is submitted, the account is successfully registered.
Account Types:
Prudence FX Trades offers demo trading accounts and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, details such as spreads, trading leverage, margin calls/stop out levels, contract size, trading commission, minimum/maximum trading volume, maximum positions/orders, and minimum price precision are not disclosed on its website.
Trading Platform:
Prudence FX Trades offers a proprietary trading platform for its users.
Deposits and Withdrawals:
Prudence FX Trades supports deposits and withdrawals through local banks, electronic wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that Prudence FX Trades is a scam platform providing false regulatory information. The website design and content of this broker are identical to those of Ocean View FX, Phemextrade, SplitNow Invest, Crypto Max Returns, Daily Financial Earners, and SupaTrade FX. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
