TradeProFX -Overview of Minimum Deposit, Spreads & Leverage
Abstract：TradeProFX is a Vanuatu registered Forex and CFD broker and is not currently subject to any active regulation.
Tradeprofx Information
TradeProFX provides access to the MetaTrader4 platform, which may sound attractive to some novice investors, but we do not recommend dealing with TradeProFX as the biggest problem currently exists is unregulated and low security.
Pros and Cons
| Pros | Cons |
| MT4 available | Unavailable website |
| Multiple deposit and withdrawal methods | Lack of transparency |
| Regulatory concerns | |
| High minimum deposit threshold | |
| Poor customer service |
Is Tradeprofx Legit？
TradeProFX is TradeProFX Holdings Limited and TradeProFX Holdings Limited is a company registered in Vanuatu. However, the broker is not regulated by the Nuatu Financial Services Commission (VSFC).
What Can I Trade on Tradeprofx
Tradeprofx allegedly offers investors popular financial instruments, mainly CFDS on forex currency pairs, indices, stocks, commodities and precious metals.
| Tradable Instruments | Supported |
| CDFs | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Precious metals | ✔ |
| ETF | ❌ |
| Fetures | ❌ |
| Bonds | ❌ |
Account Types
Tradeprofx offers investors 4 types of trading accounts: ECN Pro+Commission, ECN Pro Account, Premium Account and Mini Account. The minimum deposit amount for all four accounts is unknown.
It offers a higher leverage ratio, making it less suitable for novice traders.
| Account Types | ECN Pro+Commission | ECN Pro Account | Premium Account | Mini Account |
| Maximum Leverage | 1:200 | 1:200 | 1:300 | 1:300 |
| Minimum Spread | Spreads From Up to 1 PIP | Spreads From Up to 1 PIP | Spreads From Up to 2 PIP | Spreads From Up to 3 PIP |
| Minimum Position | 0.01 | 0.01 | 0.01 | 0.01 |
Trading Platform
Tradeprofx offers traders the market-leading and popular mt4 trading platform with a wide range of built-in technical indicators and a powerful charting package to help traders develop a trading strategy that suits their needs.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | desktop, web-based platform, mobile application | Novice trader |
Deposit and Withdrawal
Tradeprofx enables traders to deposit and withdraw funds in their investment accounts via credit cards, wire transfers, and cryptocurrencies such as Bitcoin, Ether, and Bitcoin Cash.
| Options |
| Credit cards |
| Wire transfers |
| Bitcoin |
| Ether |
| Bitcoin Cash |
Customer Service
Questions can be reached at support@tradeprofx.net.
| Contact Options | Details |
| support@tradeprofx.net |
The Bottom Line
TradeProFX offers access to the MetaTrader4 platform, which may be attractive to some novice investors. But given the biggest issue at hand - the platform is unregulated and less secure - we do not recommend trading with TradeProFX.
FAQs
Is it safe to trade with Tradeprofx？
The broker is not suitable for trading. Lack of access, lack of transparency, lack of regulation and poor customer service expose shortcomings that deter investors.
Is Tradeprofx good for beginners？
It's not suitable. Tradeprofx has exposed shortcomings that, for beginners, can increase the risk and uncertainty of trading.
Is Tradeprofx good for day trading？
It's not suitable. Tradeprofx is not authorized or registered by the relevant regulatory authorities and is not regulated. As for day trading, choosing a regulated platform can protect your rights more effectively.
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