ProaktivMarket Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-22 18:22

Abstract：Founded in 2021, ProaktivMarket is a forex broker registered in UK, offering various market insruments including forex, stocks, commodities and cryptocurrencies through the web-based platform. However, ProaktivMarket operates without regulatory oversight from any reputable financial body.

　　Note: ProaktivMarket's official website: https://www.proaktivmarket.com is currently inaccessible normally.

ProaktivMarketReview Summary
Founded	2021
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, Stocks, Commodities and Cryptocurrencies
Demo Account	❌
Leverage	1:200
Spread	Floating around 2.5 pips
Trading Platform	Web-based
Min Deposit	$250
Customer Support	Email: support@bigoption.com
	Twitter: https://twitter.com/BigOption
	FaceBook: https://www.facebook.com/bigoptiontrading

　　Founded in 2021, ProaktivMarket is a forex broker registered in UK, offering various market insruments including forex, stocks, commodities and cryptocurrencies through the web-based platform. However, ProaktivMarket operates without regulatory oversight from any reputable financial body.

Pros and Cons

Pros	Cons
Diverse trading choices	Inaccessible website
Variety of account types	Unregulated status
Popular payment options	No demo accounts offered
No withdrawal fees for credit card payment and some accounts	High spreads
	No MT4/5
	High minimum deposit
	Long withdrawal processing time
	Inactivity fee and dormant fee charged
	Limited contact channel

Is ProaktivMarket Legit?

　　No, ProaktivMarket is not regulated currently. Please be aware of the risk!

What Can I Trade on ProaktivMarket?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	✔
Indices	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　ProaktivMarket offers six account levels that traders can upgrade to once register for an account starting from $250 to $250,000. Account type including Beginner, Bronze, Silver, Gold, Platinum and Diamond.Moreover, there is no option for a demo account.

Account Type	Min Deposit
Beginner	$250
Bronze	$5 000
Silver	$25 000
Gold	$50 000
Platinum	$100 000
Diamond	$250 000

Leverage

　　ProaktivMarket offers maximumleverage of 1:200 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

　　ProaktivMarket offers spreads on 2.5 pips for most accounts. For platinum account, ProaktivMarket takes no spreads.

Account Type	Spread
Beginner	2.5 pips, floating
Bronze	2.5 pips, floating
Silver	2.5 pips, floating
Gold	2.5 pips, floating
Platinum	❌
Diamond	/

Trading Platform

　　ProaktivMarket provides traders with only a web-based trading platform.

Trading Platform	Supported	Available Devices	Suitable for
Web-based	✔	Web	/
MT4	❌	Desktop, web and mobile (iOS and Android)	Beginners
MT5	❌	Desktop, web and mobile (iOS and Android)	Experienced traders

Deposit and Withdrawal

　　ProaktivMarket provides several payment methods for deposit and withdrawal transactions, including Credit Cards (VISA and MasterCard), Bank Transfer, Bitcoin, PayPal and e-wallets, eg. Skrill and Neteller are not supported, however.

　　The processing time for withdrawal transactions is quite lengthy too – 3-10 business days.

　　ProaktivMarket claims they do not charge fees for withdrawals made via credit cards. There are no withdrawal fees for Gold and Platinum account.

Fees

　　ProaktivMarket charge a service fee of $150 on accounts “that are active for less than 30 working days and have less than 25 trades.” The broker also has a Dormant fee of $30 for accounts in which there have been no transactions for a set period of 12 months.