Properfly Limited is a CFD broker with a domain name registered on July 2, 2024. This broker primarily offers investment services in markets such as precious metals, energy, stocks, indices, forex, cryptocurrencies, and futures. It does not provide services in countries or regions where it might violate local laws or regulations.
Company Registration and Regulatory Status
Properfly Limited's official website states that it is a global, fair, honest, and people-oriented broker using the trade name "Properfly." It claims to have 13 offices across 4 continents and multiple regulatory authorizations. However, it does not disclose its company registration information or detailed regulatory details. Furthermore, the "terms and conditions" page on its website is blank, with no related legal documents provided.
Upon verification, there is no record of a company named "Properfly" being regulated by major financial regulators such as the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), the Financial Conduct Authority (FCA), or the Australian Securities and Investments Commission (ASIC).
Therefore, Properfly Limited is essentially a fraudulent broker website without a company entity or any regulatory oversight.
Types of Trades
Properfly Limited claims to provide investors with a wide range of CFD trading products, including numerous currency pairs, precious metals, energy, stocks, and indices.
- Currency pairs: Offers up to 43 currency pairs, including EUR/USD, USD/JPY, GBP/USD, etc.
- Precious metals: Spot gold, silver, palladium, platinum
- Energy: Offers US crude oil (XTIUSD), UK crude oil (XBRUSD), and US natural gas (XNGUSD)
- Indices: Provides 15 indices, including the Dow Jones and the Singapore A50 China Index, among others.
- Stocks: Shares of 60 well-known companies listed in the U.S.
- Cryptocurrencies: 6 major cryptocurrencies, including Bitcoin
Account Opening Process
The process of opening a trading account with Properfly Limited involves visiting their official website, clicking "Open a Real Account" on the homepage or the top right corner, then navigating to the login page. Here, click "Create a real account" to enter the account registration page. Fill out the required information, such as name, email, upload front and back IDs, and set a password. Confirm the email to receive a verification code, enter this code into the application form, submit the form, and verify the account to complete the registration process.
Trading Accounts
Properfly Limited offers three types of trading accounts: MINI ACCOUNT, STANDARD ACCOUNT, and VIP ACCOUNT. All trading accounts include the following details:
- Leverage: 1:1 — 1:400
- 24/5 online trading
- Margin call level: 100%
- Stop out level: 30%
- Minimum trade size: 0.01 lots
- No limit on single trade volume
- No maximum order amount
- Contract execution: Market execution
Trading Platform
Properfly Limited claims to offer users the MetaTrader trading platform; however, there is no information about them on the MT4 platform. While there is a broker named "PROPERFLY LIMITED" on the MT5 platform, its official website is www.sohobi.com.
Deposits and Withdrawals
Properfly Limited supports deposits via USDT and bank wire transfer, while withdrawals can be made through UnionPay or bank wire transfer. The minimum single deposit amount is $100.
Conclusion:
Traderknows reminds investors that Properfly Limited is actually a scam broker website with no corporate entity and no regulation, engaging in false advertising. The website's contact method is also very limited, only available through email. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
