Pro Assets Trade is a Contract for Difference (CFD) broker registered on its official website on July 3, 2022. The broker primarily provides users with numerous trading markets through trading platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, digital currencies, stocks, futures, etc. It does not operate in the United States, Canada, Israel, New Zealand, Japan, and Iran, among other places.
Corporate Registration Information and Regulatory Status:
Public information on the Pro Assets Trade official website shows that the broker has multiple corporate entities and is regulated by various regulatory bodies.
The broker's corporate entity registered in the United States is Pro Assets Trade Ltd, with a business registration number of 5273659-2. This entity is authorized and regulated by the "Financial Services Authority of the United States," with a license number RD07599. In Australia, the entity is registered as International Capital Markets Pty Ltd, with a business registration number of 282 273 243, regulated by the Australian Securities and Investments Commission (ASIC), with a license number of 742853. In Cyprus, the entity is registered as Pro Assets Trade (EU) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC), with a license number of 443/16. Moreover, the broker has a registered corporate entity in The Bahamas, Pro Assets Trade Ltd, with a business registration number of 24424 C, regulated by the Securities Commission of The Bahamas (SCB), with a license number of PIA-F429. Additionally, the website copyright at the bottom of the Pro Assets Trade official website is attributed to Raw Trading Ltd.
Upon verification, there is no financial regulatory authority known as “Financial Services Authority of the United States.” The business registration number of International Capital Markets Pty Ltd is 123 289 109, and this entity along with Raw Trading Ltd belongs to the broker IC Markets. The ASIC official website shows no entity with a license number of 742853. Likewise, CySEC has no records of an entity with a license number of 443/16, and SCB does not have a financial category named PIA.
Therefore, part of the corporate registration and regulatory information displayed on the Pro Assets Trade official website is fabricated, while another part is stolen from other companies.
Opening an Account:
To open an account with Pro Assets Trade: Visit the broker's official website homepage, click on “OPEN AN ACCOUNT” to enter the account registration page, fill in the personal registration information as required and submit it. Upon submission, the account will be successfully registered.
Trading Accounts:
Pro Assets Trade offers three different types of trading accounts: cTrader Account, Raw Spread Account, and Standard Account.
cTrader Account:
- Trading platform: cTrader
- Trading commission (per lot): $3.0 (round turn $6.0)
- Spreads: From 0.0 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: London
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Stop out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading methods: All
- Order distance limitation: None
- Programming language: C
Raw Spread Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $3.5 (round turn $7.0)
- Spreads: From 0.0 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Stop out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading methods: All
- Order distance limitation: None
- Programming language: MQL4
Standard Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $0.0
- Spreads: From 0.6 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Stop out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading methods: All
- Order distance limitation: None
- Programming language: MQL4
Trading Platforms:
The Pro Assets Trade official website claims to offer trading platforms such as MT4, MT5, and cTrader to its users, but it does not provide relevant download links, and the broker named Pro Assets Trade cannot be found on these platforms.
Deposit and Withdrawal:
Pro Assets Trade supports deposits and withdrawals through credit/debit cards, e-wallets, and other methods.
Conclusion:
Traderknows reminds investors that Pro Assets Trade is actually an unregulated scam website. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
