Promarketanalysis is a contract-for-difference (CFD) broker with a domain registered on August 23, 2023. The broker primarily offers investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where such offerings would violate local laws or regulations.
Company Registration and Regulatory Status
According to publicly available information on the Promarketanalysis website, the broker was established in 2016 and claims its company entity is ASN, regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed detailed company registration and regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) does not list "ASN" as a regulated company.
Therefore, Promarketanalysis is, in reality, a fraudulent broker website without any corporate entity or regulation.
Account Opening Process
The process to open a trading account with Promarketanalysis involves visiting the broker's website, clicking “Open Account” on the homepage or “SIGN UP” at the top right corner, and filling in personal information such as name and email, and setting a login password. Once submitted and verified, the account registration is complete.
Trading Products
Promarketanalysis offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves exchanging different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, diverse trading opportunities can be discovered, and potential gains can be leveraged.
- Commodities: Commodity trading covers essential global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in public companies' price movements, earning profits based on company performance without owning the actual stocks.
- Cryptocurrencies: Cryptocurrency trading provides opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
The Promarketanalysis website does not disclose account types, spreads, trading leverage, margin call/stop levels, trading commissions, minimum/maximum trade sizes, maximum positions/orders, or minimum price precisions.
Trading Platform
Promarketanalysis offers a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, having comprehensive liquidity providers, and executing more than 12,000 orders per second. However, the download link provided leads to the MT4 trading platform, and no broker named Promarketanalysis is found on the MT4 platform.
Deposits and Withdrawals
Promarketanalysis does not support deposits and withdrawals via credit cards or bank wire transfers; it only supports transactions via cryptocurrencies.
Conclusion:
Traderknows reminds investors that Promarketanalysis is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
