Protradespot Review
| General Information | |
|---|---|
| Broker Name: | Protradespot |
| Broker Type: | Forex & CFDs |
| Country: | UK |
| Operating since year: | N/A |
| Regulation: | N/A |
| Address: | Address:12 Endeavour Square, London E20 1JN |
| Broker status: | Active |
| Customer Service | |
| Phone: | +442038560852 |
| Email: | support@protradespot.net |
| Languages: | English, more |
| Availability: | 24/5 |
| Trading | |
| The Trading platforms: | Proprietary |
| Trading platform Time zone: | N/A |
| Demo account: | No |
| Mobile trading: | Yes |
| Web-based trading: | Yes |
| Bonuses: | No |
| Other trading instruments: | Yes |
| Account | |
| Minimum deposit: | $250 |
| Maximal leverage: | 1:300 |
| Spread: | Floating From 0.0 Pips |
| Scalping allowed: | Yes |
CONTENT
- General Information & First Impressions
- Fund and Account Security
- Registration at protradespot.com
- Account info
- Protradespot’s Trading Platform
- Conclusion
- FAQ
Protradespot Review – Efficient Forex & CFD Trading
General Information & First Impressions
Protradespot is an online brokerage from England that offers users sophisticated forex and CFDs trading services. It’s a versatile company that allows users to trade on many different assets and provides a wide variety of trading conditions. Our Protradespot review will help you determine if it’s the right broker for you to trade with.
And as we already said, it’s a CFD brokerage, which may have some negative connotations. A lot of scam brokers pose as CFD brokers since it’s simpler to attract customers that way. However, that doesn’t mean all CFD brokers are scams, and if you find the right one, it leads to a much more beneficial trading experience.
That’s because CFDs allow brokers to circumvent some pain points that cause issues for traders. For example, they let brokers have much more asset depth, increasing both trading instrument count and bringing more categories. Furthermore, they’re often less expensive and don’t have liquidity issues, leading to faster execution. As such, trading with a CFD broker is a great proposal for any trader that doesn’t intend to become a majority shareholder.
We’ll go over the broker’s security soon in our protradespot.com review, but let’s look at the experience it provides. The broker sectioned its website well, meaning you can easily navigate around it. That means finding crucial information is simple, indicating that the broker respects your time. Nobody wants to waste hours researching a broker, so lowering that time impacts customer experience positively.
Lastly, the website is also easy to use and runs well. Everything is where it’s supposed to be, eliminating any confusion as to where to find specific details. That sets a positive tone for our Protradespot review as we continue to explore the broker.
Fund and Account Security
Online security is a significant concern in the trading world. As we already outlined earlier, a lot of scam brokers pose as valid companies, and it can be difficult to discern between them. That’s especially noticeable in the forex and CFDs trading world since they’re especially alluring for traders and scammers alike.
That creates a situation where joining the trading world and operating as a trader are dangerous. The fact that learning to trade successfully and to spot scammers are separate skills is also exacerbating the issue. Few traders want to spend more time learning than actually profiting.
Then there’s also the fact that recognizing dishonest brokers involves a lot of trial and error. That trial and error often involve losing money in the process, which isn’t something any trader welcomes. On top of that, there isn’t exactly a guide on how to learn to spot scam brokers. So even if you do invest the effort and the funds, they have a chance not to bare fruit.
That’s why we’ve devoted this part of our protradespot.com review to figuring out whether the company is safe to use. We’ve already had a ton of experience with brokers, so we’re fairly confident in our ability to judge their security.
And we’re glad to report that the broker didn’t trigger any alarms with us. It has numerous features and qualities that reassure us of its security, such as the way it presents info. It clearly wants users to stay informed, and it’s steadfast in pushing information onto them.
Additionally, the fact that the broker operates from London means multiple regulators are watching over it. That further reduces risk on the user end, assuring you can trade without worry. We find it highly doubtful that you’ll see any safety issues on Protradespot.
Registration at protradespot.com
Before you access any of the broker’s services, you’ll need to register for an account. Here, we’ll go through the process and look at how efficient it is and what it requires from customers.
That may sound odd to you if you haven’t traded before. Signing up with most websites is a matter of turning in your email and a password. However, in trading, it’s a bit different. That’s because brokers need more than just your basic information to provide you with a service.
In most legislations, it’s illegal for a broker to provide services to someone with an inadequate risk profile. And to estimate your risk profile, some brokers ask a ton of questions upon signing up. That’s tedious, but beyond that, it can also be dangerous.
If you turn in a ton of personal info to a broker that turns out untrustworthy, you can be in serious trouble. We already affirmed that the broker was safe earlier in our Protradespot review, but here we’re talking about a general situation.
So when looking at a registration procedure, we look for speed, clarity, and only asking for the necessities. And luckily, Protradespot fills that requirement. It only requests what it needs for the immediate step in your process with the broker. So for starters, it only asks for your age and location to make sure you’re a valid user.
After that, you might need to go through some verifications, but they are quick and painless. As such, Protradespot establishes itself as an accessible, easy-to-use broker.
Account Info
Account distinction plays a significant role in ensuring any broker’s service is open and versatile. Few brokers manage to strike a good balance, and that’s because of their indecisiveness. Companies have trouble deciding who their target audience will be, and so they stumble over themselves. The end result is that the service isn’t really great for anyone since it tries to please everyone.
Protradespot figured out the solution to that, and it’s simply to be firmer in your separation. If accounts have firm boundaries between them, each can be free to suit the kind of traders they are meant for. You won’t need to downgrade the luxury accounts to make them more accessible or stifle the budget accounts to goad traders to invest more.
The broker struck that balance, meaning its account distinction contributes to the overall service meaningfully. There’s an option for any type of trader, and it outperforms others in a similar price range. That way, the broker can remain versatile without losing any efficiency and power for traders.
As we’ve been saying throughout our protradespot.com review, the broker shows signs of being highly competent. The accounts are further proof that the broker knows how to handle clients and create a user-focused service.
Protradespot’s Trading Platform
Protradespot has a sophisticated web platform that lets users trade via their browsers seamlessly. The greatest strength here is that it was developed as a web app initially, and it isn’t just a port of another platform version. That’s important because of optimization, which is often a significant issue for web platforms.
If the platforms are a simple port, they usually have a ton of bugs inside them. Simply put, you can’t just lift a platform from one device or outlet and place it into another and expect it to function properly. Users report poor performance and inconsistency with such platforms. Worse yet, they tend to crash in crucial moments, potentially causing thousands in total damages.
However, as we’ve stated throughout our protradespot.com review, the broker has one of the top web trading platforms out there. There’s an absence of any of the issues we mentioned above, as it’s thoroughly crafted for browser use. That way, you won’t need to download anything if you opt to use a different device during the time you’re trading with the broker.
Protradespot’s platform has numerous desirable analytical features and allows users a degree of customization. That lets you trade the way you prefer without the broker imposing its expectations on you. That’s another significant plus for the broker.
Conclusion
As we outlined through our Protradespot review, the broker has numerous strengths that put it ahead of competitors. It’s a safe CFD broker, already knocking out most others in its category. But beyond that, it’s also a powerful broker with a focus on usability.
That way, users can maintain profits without constantly being frustrated by the service. It makes it better for longer trading sessions and prolongs the broker’s usage span in general.
Protradespot is one of the best brokers to trade with currently, and we suggest giving it a shot.
Protradespot: FAQ
- Where is Protradespot located?
The Protradespot is in London, England.
- Is Protradespot a regulated broker?
Protradespot follows all local regulations that apply to it.
- Can I trust Protradespot?
Yes, our research found that it was a trustworthy broker.
- Where is Protradespot available?
Protradespot is available globally.
- How do I register at Protradespot?
You press the Register button on the top right and follow the steps.
- What is the minimum deposit on Protradespot?
Protradespot’s minimum deposit is $250
- What type of broker is Protradespot?
Protradespot is a forex and CFD broker.
- Can you make money with Protradespot?
Yes, Protradespot has numerous features that enhance your trading performance and make it easier to earn money.
- Can I trade crypto on Protradespot?
Yes, crypto is available.
- What is the max leverage on Protradespot?
Protradespot offers leverage of up to 1:300.
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