Platinum Fx Pro Trade is a Contract for Difference (CFD) broker, with its official domain registered on February 22, 2024. This broker primarily offers investors trading services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the publicly available information on the Platinum Fx Pro Trade website, the broker was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed its company registration information or detailed regulatory information.
After verification, the Australian Securities and Investments Commission (ASIC) does not list any regulated company named "Platinum Fx Pro Trade."
Therefore, Platinum Fx Pro Trade is actually a fraudulent broker website with no company entity and no regulation.
Account Opening Process
The account opening process for Platinum Fx Pro Trade trading accounts is as follows: Visit the broker's official website, click "Open Account" on the homepage or "SIGN UP" in the top right corner of the web page to go to the account registration page, fill in your personal information such as name and email address, set a login password, and submit. After submission, verify your account to complete the registration.
Trading Instruments
Platinum Fx Pro Trade offers a variety of trading products to its clients, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, enabling traders to profit from exchange rate fluctuations.
- Indices: Trading indices allows speculation on the performance of an entire market or specific sectors without trading individual stocks. By exploring popular indices, diverse trading opportunities can be found, utilizing high leverage to enhance potential returns.
- Commodities: Commodity trading covers essential resources in the global market, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in public companies' price fluctuations, earning from price changes and dividends based on the company's performance without holding the actual stocks.
- Cryptocurrencies: Cryptocurrency trading provides digital currency enthusiasts with opportunities to profit from highly volatile assets.
Investment Plans
Platinum Fx Pro Trade offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- All benefits included
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin-only payment
- Use any broker
Trading Platform
Platinum Fx Pro Trade offers a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, comprehensive liquidity providers, and executing over 12,000 orders per second. However, the download link provided redirects to the MT4 trading platform, where no broker named Platinum Fx Pro Trade can be found.
Deposits and Withdrawals
Platinum Fx Pro Trade supports deposits and withdrawals through credit/debit cards, bank wire transfers, and cryptocurrencies.
Conclusion:
Traderknows reminds investors that Platinum Fx Pro Trade is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
