I will never recommend trading with this broker. They are just after your money and not really doing forex trading. I am very frustrated with this broker service due to withdrawals. I have traded with them and decided to withdraw. They said it has been processed but my money went missing. My withdrawal up to these days is under investigation.
One is the real account, with your real money and the other is your demo account. PRTrend trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies are considered financial assets.
Asset Coverage & Leverage
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. We have covered allot in this PRTrend review, If you want to see how PRTrend compares side by side with other brokers check out our PRTrend Vs pages. PRTrend are regulated by Australian Securities and Investments Commission , Financial Services forex analytics Authority , Cyprus Securities and Exchange Commission . This means PRTrend fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes. PRTrend have a A grade support rating because PRTrend offer over three languages. PRTrend leverage magnifies both profits and losses when trading.
- Its New York based order matching engine processes more than 500,000 trades per day.
- It’s also been popular with traders for a long time now, so it should be easy to find guides to familiarize yourself with the platform quickly.
- You can withdraw profits from PRTrend anytime by submitting a withdrawal request and get it credited to your bank account within 3-5 business days depending on your payment merchant.
- Additionally, they will also warn investors against possible problems in the future.
- Spreads start from zero pips on the Raw Spread accounts with commissions-payable.
- Andorid mobile devices and tablets are used by millions of people globally.
PRTrend is headquartered in Australia and regulated by Australian Securities and Investment Commission . It is one of the two biggest forex brokers in Australia along with Pepperstone. As far as I know they also have Financial Conduct Authority license. Therefore, you should not have any doubts about the safety of your deposit and money withdrawal. After losing everything, it suddenly becomes difficult to contact the broker even their customer service. Traders can trade forex CFDs on 60 currency pairs, including the major currency pairs like EUR USD, with tight spreads that start from 0.0 pips.
PRTrend tends to be selective in terms of the trader’s nationality. For this reason, some people qualify to be part of the PRTrend traders while others don’t. Check out some of the countries that are accepted by this broker and some of the countries that it doesn’t accept. There is no much difference between cTrader accounts and the true ECN Meta Trader accounts. The difference is only on the commission amount.
Can I use PRTrend in Europe?
I acknowledge that under my responsibility I would like to proceed with the application of PRTrend Ltd, a Company which is regulated by the Securities Commission of The Bahamas with License No. SIA-F214 and is NOT regulated in Europe and is NOT subject to the Markets in Financial Instruments Directive (“MiFID II”).
They have poor signals and slow withdrawal process. The worst broker service, I have ever work with. I am truly satisfied with their customer support who are always ready to help me. However, the broker’s signals aren’t that good enough to gain profit. They are very difficult to contact if I needed help. It keeps on freezing and there are so many software issues.
Mobile Trading Platform
The result is outstanding, and suitable for the majority of traders. Given the overall exceptional trading environment, any future enhancements will simply add to this broker’s value.
Traders using AutoTrade don’t have to pay fees based on volume or install any software. They just have to connect their trading account to Myfxbook and choose the system they would like to copy. PRTrend is one of the biggest true ECN forex brokers scammed by prtrend in the world. Its true ECN environment offers spreads starting from 0.0 pips, no price manipulation, no requotes, and no restrictions. For this reason, PRTrend has a number of robots, scalpers, and high-volume traders in its trading community.
Other dealers can search and replicate the approaches available, and revel in a commitment-free investing. Furthermore, traders can use their own risk management configurations. CTrader is a comprehensive trading platform solution for Forex and CFD brokerages to provide to their traders. The platform is packed with a complete variety of features to cater to each and every investment taste imaginable.
At the moment, we note that positive reviews dominate. Many traders agree that the broker is ideal for newcomers, scalpers, and those who are fond of using advisers . One of the most interesting innovative tools is PRTrend True ECN, which boasts fast transaction execution technology, low spreads, and interbank liquidity. Overall, PRTrend trading platforms are excellent. You can choose any of them, and they will be fit for your trading style. You are also free to try out demo accounts so that you’ll get a feel for each platform. It is suitable for beginner traders and experienced traders as well.
Deposit And Withdrawal Fees
Circumstances differ depending on the trade and the markets. Below we give an overview on the account types that PRTrend offer.
The broker is specifically beneficial for those who rely on advanced algorithms and high-volume trading systems to conduct trades. Also, it has a simple registration process and programmed deposit and withdrawal system that makes it the ultimate trading solutions for active day traders.
Our Verdict On PRTrend Review
These platforms also come with trading tools, which make the lives of the traders much, much more comfortable. PRTrend offers a variety of trading products.
You can also practice on the demo account until you are ready to start trading live. The process of opening an account is easy, fast, and straightforward. Follow through the Step-by-Step guide on this article to create your account. The Forex market is open 24 hours a day for five days in the PRTrend. Traders have an opportunity to profit from the tightest spreads, fast execution, and the deep liquidity of over 60 currency pairs.
I am having withdrawal issues but seems like no one is willing to help me. Signals are profitable and withdrawal is always fast. Had been using their service forex analytics for quite some time and I am by far satisfied with my trading results. They have this bad practice of giving hard time to traders upon withdrawal request.
In 2015, PRTrend announced that it would cover negative balances following the Swiss franc flash crash which occurred on 15 January 2015. In order to start trading, you have to validate your PRTrend live account. To do this, you prtrend cheating will need to submit a document for Proof of ID and another one for Proof of Address. This is very easy and can be done electronically through client panel. The Raw Spread Account is different from Standard account in a couple of ways.
Institutional Grade Liquidity – The broker offers interbank liquidity comprising as many as 50 sources of liquidity. It processes FX trades worth more than US$1.5 billion every day. Users should remember that all trading carries risks and users should only invest in regulated firms. Past performance Currencies forex is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.