proforex-live is a forex and Contract for Difference (CFD) broker based in the United Kingdom, with its headquarters in London. It primarily offers trading services in CFDs for users across various financial instruments such as forex, stocks, commodities, and indices. The broker's official website is https://proforex-live.com/langg/ok/, and it supports the English language. According to Whois information, the domain for proforex-live was registered on August 7,2023, less than three months.
Company Background:
Information about proforex-live's registered entity, company directors, company registration number, and establishment date has not been publicly found on the internet. Furthermore, the broker's domain registration is relatively recent, dating back less than three months.
Regulatory Status:
proforex-live is not regulated by any regulatory authority. This lack of regulation may result in potentially lower levels of asset safety, investor protection, and risk management compared to regulated brokers. The services offered by this broker carry a higher level of risk, and investors should exercise caution when considering their services to protect their financial assets.
Trading Products:
proforex-live offers a variety of financial instruments for user trading, including:
Forex: It provides opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on price fluctuations between one currency and another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.
Stocks: Traders can engage in CFD trading of stocks from different companies, including well-known companies like Apple, Microsoft, and Amazon. This allows investors to participate in the market without owning the actual stocks.
Commodities: Commodity CFDs enable investors to potentially profit from price fluctuations in raw materials and resources. Commodities include items such as crude oil, copper, and iron ore. These CFDs allow investors to participate in various commodity markets without physically holding the commodities.
Indices: Index CFDs allow investors to trade based on the price performance of market indices without needing to buy or sell the actual constituent stocks or assets.
These products not only provide investors with access to various financial markets but also enable them to manage risk through different portfolio strategies.
Trading Platform:
Information about the trading software provided by proforex-live, including its name, features, and details, is not disclosed. It is advisable to research the broker's trading software through their customer service or publicly available sources before engaging in trading.
Account Registration:
The proforex-live official website provides a registration link for accounts but does not offer registration for demo accounts. The registration process involves:
Opening the proforex-live official website and clicking on "SIGN UP" in the upper right corner.
Filling in the required information such as email and password to complete the account registration.
Account Types:
Certainly, here are the account types offered by proforex-live:
- Mini Account
- Silver Account
- Gold Account
- Platinum Account
All four account types have a maximum leverage of 1:500 and do not charge commissions. However, specific details such as spreads and minimum trade sizes are not provided, potentially leading to uncontrollable trading risks that may have unfavorable impacts on investors.
Deposits and Withdrawals:
proforex-live offers multiple deposit and withdrawal methods, including Mastercard, Visa, MoneyGram, and digital assets. Investors can choose the most suitable deposit and withdrawal method based on their individual circumstances.
Customer Support:
Investors can obtain 24/5 customer support from proforex-live through phone contact. In case of urgent inquiries, real-time communication with the broker is possible via phone.
Summary:
proforex-live offers users opportunities to trade a variety of financial products. However, the broker provides high leverage ratios, lacks risk warnings on its official website, and its company registration information cannot be found publicly. Moreover, it is not regulated by any regulatory authority. As of now, proforex-live is marked as "suspected of fraud" on TraderKnows. Users should exercise caution when considering the services provided by this company, ensuring the safety of their financial assets and avoiding potential scams.
