Prosure Fx is an online broker that has been around for less than a year at the time of publishing this post. They do not have the necessary licenses and they are bluffing about their regulatory stance.
Leverage provided by them is 1:1000 which is clearly not ideal for beginners. Asset classes are not mentioned clearly and other trading conditions are bleak too. If you are wondering about the legitimacy of this entity, then go through the following information and then make a decision.
Prosure Fx Status
This brokerage claims to be regulated by FCA and ASIC. However, one simple search reveals that that is not the case. Ask yourself, why would any platform lie about their regulatory stance unless they have something to hide?
Moreover, the management is also anonymous. There are no LinkedIn accounts identified with the page either. So, on what basis can we trust them with our money? Isn’t it worse than gambling to trust a stranger with a shady background with our hard earned funds?
Instruments, Leverage and Trading Conditions
Prosure Fx is not keen on being transparent. Leverage is said to be 1:1000, but we are not sure whether it is applicable to all the assets. Spreads aren’t revealed too and the only way to find answers are either to sign up with them or write to their support team.
Either way, it is a risky venture and any rational investor would be hesitant to share contact details with them. Trading by itself is risky enough, don’t make it unbearable by using platforms like these.
Contact Details
The only contact detail shared by them is an email address. Average response time or working hours aren’t specified by them. Do you really believe any reputable online broker would work in this way? Aren’t the dots easy to connect?
Prosure Fx Review Conclusion
Prosure Fx is a shady organization that displays a lot of red flags. Navigating the markets with them would be nothing short of a miracle. So, do yourself a favour and avoid them.
