Prolite Crypto Live Trade is a contract for differences (CFD) broker with its official website registered on December 11, 2023. This broker primarily uses a self-developed trading platform to provide users with numerous trading markets, including forex, options, and CFDs. It does not offer services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the publicly available information on Prolite Crypto Live Trade's official website, its headquarters are located in New York, USA, and it claims to be regulated by the U.S. Commodity Futures Trading Commission (CFTC), Belize Financial Services Commission (IFSC), and the Cyprus Securities and Exchange Commission (CySEC).
Upon verification, no entities named Prolite Crypto Live Trade were found listed with the U.S. National Futures Association (NFA), Belize Financial Services Commission (IFSC), or Cyprus Securities and Exchange Commission (CySEC). (Registration and review of intermediary institutions are conducted by the NFA on behalf of the CFTC under the supervision of the CFTC.)
Therefore, Prolite Crypto Live Trade is essentially a fraudulent website with no regulatory oversight, engaging in false advertising.
Account Opening Process
The process to open a trading account with Prolite Crypto Live Trade includes visiting the broker's homepage, clicking on "SIGN UP" to enter the account registration page, filling in personal information such as name, email, phone number, and setting a login password as required, then submitting. Registration succeeds upon account verification.
Trading Plans
The official website of Prolite Crypto Live Trade does not disclose the types of trading accounts offered, account spreads, trading leverages, margin call/stop-out levels, trading commissions, minimum/maximum transaction volumes, maximum position/order volumes, minimum price precision, and other related account information.
Trading Platform:
Prolite Crypto Live Trade provides users with a self-developed trading platform.
Deposits and Withdrawals:
Prolite Crypto Live Trade does not clearly disclose on its website the supported methods for deposits and withdrawals, the associated fees, or the minimum deposit and withdrawal amounts.
Summary:
Traderknows warns investors that Prolite Crypto Live Trade is actually an unregulated scam website. It uses the same webpage design as other scam broker websites like DSBN Investment Trade, Express Excel market Trade, Profitable Trades Signals, Prolite Stock Capital, Universalelitefmiiners.com, AmeritForexTrade, and Crypto Finance Market. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
