Pronancetrade is a Contract for Difference (CFD) broker, with its official website domain registered on December 9, 2023. This broker primarily offers investment services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries or regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on Pronancetrade's website, the broker was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed company entity registration details or specific regulatory information.
Upon investigation, the Australian Securities and Investments Commission (ASIC) does not have any records of a regulated company named "Pronancetrade."
Therefore, Pronancetrade is essentially a scam broker website, with neither a corporate entity nor any regulation.
Account Opening Process
Account opening process for a Pronancetrade trading account: Visit the broker's official website, click "Open Account" on the homepage or "SIGN UP" on the top right corner of the webpage to access the account registration page. Fill in the required personal information such as name and email, set a login password, and submit. After verification, the account will be successfully registered.
Trading Instruments
Pronancetrade offers various trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or a specific sector without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and leverage potential returns.
- Commodities: Commodity trading covers key resources in the global market, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to partake in the price fluctuations and dividends of public companies without actually owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Pronancetrade's official website does not disclose information about account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, or minimum price increment.
Trading Platform
Pronancetrade provides a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with liquidity provided by over a dozen sources, executing more than 12,000 orders per second. However, the download link redirects to the MT4 trading platform, which does not list Pronancetrade as a broker.
Deposits and Withdrawals
Pronancetrade does not support deposits and withdrawals via credit cards or bank transfers, allowing transactions only through cryptocurrencies.
Conclusion:
Traderknows reminds investors that Pronancetrade 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.
