PROXTREND Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-06 10:39

Abstract：Based in Comoros, PROXTREND is a forex broker that was established in 2024. PROXTREND provides trading in forex and CFDs with leverage up to 1:100. However, PROXTREND operates without regulatory oversight from any reputable financial body.

PROXTRENDReview Summary
Founded	2024
Registered Country/Region	Comoros
Regulation	Unregulated
Market Instruments	Forex and CFDs
Demo Account	/
Leverage	Up to 1:100
Spread	/
Trading Platform	/
Min Deposit	/
Customer Support	Contact form
	Email: info@proxtrendltd.com
	Address: PB 1257 Bonovo Road, Fomboni, Comoros KM
Regional Restrictions	European Economic Area, the USA, British Columbia, Canada, etc.

　　Based in Comoros, PROXTREND is a forex broker that was established in 2024. PROXTREND provides trading in forex and CFDs with leverage up to 1:100. However, PROXTREND operates without regulatory oversight from any reputable financial body.

Pros and Cons

Pros	Cons
Multiple account types	Not regulated
No commission fees	Inactivity fee charged
No deposit fees	No MT4/5 supported
Popular payment options	High minimum deposit
	Withdrawal fee charged
	Limited contact channels
	Regional restrictions

Is PROXTREND Legit?

　　No, PROXTREND is not regulated by any reputable financial body. Please be aware of the risk!

What Can I Trade on PROXTREND?

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Bonds	❌
Options	❌
ETFs	❌

Services

　　PROXTREND provides various investment services including Customer Relationship Management (CRM), Automated Marketing Solutions, Content & Social Media Services, Maximizing Channel Effectiveness & Performance, Email Compaign Coordination & Data Administration and CPQ (Configure, Price, Quote) and Contract Management.

Account Type

　　PROXTREND offers four accounts to choose from, including Basic, Gold, Platinum and VIP accounts.

Leverage

　　PROXTREND offers a leverage of up to1:100 for all account types, which is quite high.

　　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.

Fees

　　There are no commission fees charged to the client.

　　However, if there is no client-initiated activity for 12 months, then the account is classified as dormant.

Inactivity Period	Monthly Inactivity Fee
0-1 month	❌
1-2 months	150 EUR or equivalent
2-6 months	200 EUR or equivalent
6-12 months	625 EUR or equivalent
12+ months	1,000 EUR or the equivalent amount per month. Re-activate account must contact the Company directly and pay a fee of the amount of 2,000 EUR.

Deposit and Withdrawal

　　PROXTREND accepts payments via Debit/Credit Cards, Wire Transfer, and e-Wallets.

　　There are no deposit fees charged.

　　However, ROXTREND claims that the Company reserves the right to charge a withdrawal fee at an amount equal to 80 EUR (or the equivalent amount according to the denominated currency of the Clients Trading Account).