In this section we will tell you why You should NOT invest in Progressive Trade. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Progressive Trade and tell you why we came to such a conclusion:

Basic Information

🌐 Websiteprogressivetrade.com
🏠 Company*Ailurophile Group LLC
RegulationNot regulated
📧 Email[email protected]
📈 PlatformWeb trader
📌 AddressSt. Vincent and the Grenadines

⚠️ Progressive Trade is owned by Ailurophile Group LLC, the company is located in Saint Vincent and the Grenadines, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️

Account types

Now we move on to analyze the types of account that Progressive Trade offers, in this case, we observe that it offers 6 different types of account:

Account typeMinimum initial deposit
Beginner$ 250
baisc$ 1500
Independent$ 5.000
Advanced$ 10.000
Investor$ 25.000
Premium$ 100.00

Information on the web

Progressive Trade Website

Progressive Trade provides a basic explanation about the financial products it offers, market news and analysis, economic calendar, asset calculator, live charts, really not much more than this.

List of phone numbers

At the moment we have not found phone numbers.

🚫 Progressive Trade Final Valuation 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Progressive Trade.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

updates

News about Progressive Trade:

DateUpdate – news
October 2022We receive a lot of messages from Progressive Trade clients claiming that they are unable to withdraw their capital.

User Reviews

What do you think of Progressive Trade? What has been your experience?
  • Add your answer

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Progressive Trade.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Progressive Trade

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Progressive Trade

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

Frequently Asked Questions

How can I report Progressive Trade?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Progressive Trade a scam – is it a scam?

Yes. We believe that Progressive Trade is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is Progressive Trade reliable?

No. Progressive Trade is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from Progressive Trade?

If you want to know how to recover your capital, you can see it here!. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to Progressive Trade?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.


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About the author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.

About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.

Do you want more information? You can read more about me here in my biography.

4 comments on «Is Progressive Trade a scam? 2022 Reviews»

    • Recommended-brokers.com Reply

      Hi Diego, thanks for commenting on Progressive Trade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To recover your money, try our CHAT or in the FORM of this link: CLAIM YOUR MONEY

      Greetings.

    • Recommended-brokers.com Reply

      Hello ANONYMOUS, thanks for commenting on Progressive Trade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To recover your money, try our CHAT or in the FORM of this link: CLAIM YOUR MONEY

      Greetings.

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