PRTrend Is It A Scam? Review

Of course, service standards are very important, and this broker’s support it so high that even demanding European and American customers are fully satisfied with their cooperation with «PRTrend». After studying a huge number of reviews about working with «PRTrend», we found that positive impressions prevail. Of course, some negative reviews still exist; it is probably impossible to exist without any. Many of these clients blame the broker for all of their troubles. In addition, for sure, there are some negative reviews from the competitors.

The overall cost structure at PRTrend International remains competitive for high-frequency traders in the ECN account. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. PRTrend is an excellent broker, I have been working with it for three years, and I am satisfied with our cooperation. At the initial stage of my work, I was trained by them, and now I can navigate easily on my own. I like that it always pays out promptly without problems or excuses.

PRTrend Trading Benefits

All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

While it grants access to the back office, account verification remains a mandatory final step, per regulatory mandated AML/KYC requirements. A copy of the trader’s ID and one proof of residency document, issued within the last three months, will satisfy that requirement in most cases. Besides excellent performance statistics, PRTrend International developed PRTrend CopyTrade, its in-house retail portfolio management system. The minimum investment is just $100, or a currency equivalent, and portfolio managers set the performance-based fees. Only the out-of-the-box MT4/MT5 trading platforms are available, creating a sub-standard trading experience, unless clients acquire costly upgrades.

Andorid mobile devices and tablets are used by millions of people globally. A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account. If you are no longer using your trading account close it with the brokers customer Foreign exchange reserves support. And make sure you have a confirmation that any remaining fees are not due. While trading in financial investments, losing money rapidly due to trading Forex is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility.

Ecn Mt4 Account

PRTrend where able to quickly resolve our customer issues. We sent messages to PRTrend livechat through their app and website and recieved a response within 30 seconds. Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent. PRTrend offer CFD which are a leveraged product for this example we describe ten times leverage. As with most brokers, margin requirements do vary depending on the instruments. MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices. You can trade a wide variety of instruments with PRTrend over 50 instruments infact.

The Forex Trading Webinars section is empty, but the Beginners Guide to Trading grants a brief introduction to the fundamentals of Forex trading. Unfortunately, the design of the page is not user-friendly. With its multiple color variations with nearly every scroll, it takes away from the content and makes reading it unpleasant. Forex Trading Strategies sounds promising but does not offer an adequate explanation of any; it resembles a brainstorming session rather than an educational article.

Market Structure Forex

PRTrend International offers a refer-a-friend promotion, which also extends to family. High-frequency traders will benefit from the PRTrend Cashback Program, which lowers the overall trading costs.

I then received a call from PRTrend seeking for my clarification (at that time I didn’t read the above email yet). I told her that I saw other oppotunity and needed to invest elsewhere for a while.

The Company Achieves Its Goal By Provision Of Low

Some of them were a bit difficult to understand on account of the accent of the presenter which is slightly unfortunate. Alternatively, if there is no discount that really tickles your fancy then you can always just swap them for cash. PRTrend has an internal ALPUSD rate where you can exchange these forex analytics points in your account dashboard. You can think of this as a trading loyalty program where you are rewarded for the volumes that you trade. I tried to get hold of some support agents through their online chat function. Responses were slow and the chat connectivity broke a number of times.

First, no deposit bonuses are available (as opposed to the 30% bonus for new traders on PRTrend). Finally, the spread of the most popular pair EUR/USD for Standard accounts is 2.0 pips (as opposed to 1.1. with PRTrend). Every trader signs an official agreement with the company, in which all the principles of the provider are clearly spelled out. All the client funds are stored separately for security reasons. All user data is encrypted, and transactions are conducted using super-secure SSL layered technology. No matter how much money you have, the main thing is to pick the right company and everything will be fine. The withdrawal of funds is very fast, the rate is minimal low.

What We Don’t Like About PRTrend

Available 24 hours a day by phone, email and live chat. PRTrend International is a fully licensed broker that adheres to multiple regulatory frameworks, prioritizing transparency and trust. Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account. PRTrend is regulated and well established having been in business for over 23 years. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

Tradersunion.com assumes no responsibility for the consequences of the Client’s trade decisions or for the possible loss of his capital caused by the use of this site or the information on it. The Forex Trading, as well as CFD or cryptocurrencies trading, are not for everyone and Forex trading is a very risky business. Before investing, please assess your competence to trade in the Forex markets and make prtrend scammers sure you understand and appreciate all the risks, particularly in terms of leveraged trading. Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same. Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about PRTrend you need to go to the broker’s profile.

There have been no problems with depositing and withdrawing money. The only thing is that it was not possible to replenish the account the first time, so the support service reacted instantly and they helped me a lot. Now I trade with a fairly large deposit and earn pretty good money because I adhere to my strategy. My impressions of cooperation with PRTrend are not rosy. I opened an account for fun two months ago and I am already going to close it.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. They have accepted my withdrawal and the fund was sent as they claimed. I have send the full report from my bank that there is no actual or reversal transfer forex broker power trend from them but they still make excuses. I will have to fill up charge back form to make claim with master card via my bank card issuer since i have done initial deposit through mastercard. Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources.

• The list includes FX Empire Awards of 2017, Finance Magnates Awards of 2015, Forex Expo Awards in 2014, and others.
• Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD.
• Many of these clients blame the broker for all of their troubles.
• Kindly send us your MyPRTrend account number and your trading account number to , providing a detailed explanation of your issue.
• We will investigate your case and provide you with a detailed answer on the situation.
• PRTrend offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Been trading with them for 6 months now since the lockdown, and I have to say they have the fastest Foreign exchange reserves execution I’ve ever seen. So far, they’ve never missed out on withdrawal, it’s always on time.

The average commission rate at PRTrend is lower than that of competitors holding leading positions in the Traders Union broker rating. “CPA-partner” is a partner whose task is also to attract new customers, but a reward of up to $275 is paid only after new invitees open new accounts and replenish them at least once. I like the fact that during the holidays, the trading volume also decreases, which leads to a decrease in the level of liquidity, and accordingly, to a widening of the spread. All these points should be taken into consideration and, if possible, refrain from trading during periods of reduced liquidity. The Autochartist app and plugin are actually quite intuitive to use and were developed to be an easy way for beginner traders to improve on their strategies. There are also a whole host of online guides and resources that you can use to better understand the tool.

We kindly ask you to send us your PRTrend number and the request number to We will be glad to investigate this case and provide you with a detailed response. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.