✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the Proper Trade broker, is a Forex, CFDs and Cryptocurrency broker. Is Proper Trade really recommended for making an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on Proper Trade… It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we make known information that every investor should know before deciding whether or not to invest with an investment company.
We do this review and assessment, because we receive different messages and comments asking about the reliability of the company in question. ¿Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: B-Market Limited.
As to its location, the broker mentions being based in: London, but does not mention being regulated by the FCA (UK financial regulator) so it really doesn't make sense, if it is really UK based it should be regulated by the FCA.
If we analyze the regulation of the broker: since Proper Trade does not mention absolutely anything about being a regulated broker, we believe that it is an unregulated broker.
If now we go on to analyze account types offered by Proper Trade, we note that it does not provide information about owning different types of account.
Las platforms to operate that Proper Trade offers are: Proper Trade's own platform.
We will now analyze the different resources and aids for the trader that Proper Trade provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Proper Trade provides the following aids or resources to traders or interested parties: basic explanation of the financial products that Proper Trade offers its clients, an educational section with various resources and tools, although it is all in English, news about the markets, again in English, some graphical analysis, economic calendar and not much else really ...
Other information about Proper Trade
Some more information in case you want to contact the company, or see its website for yourself.
Website: www.proper-trade.com/?lang=es
Telephone: + 442039669160
Email: [email protected]
>>> Valuation on Proper Trade <<
Ending with this section, in our opinion Do we believe that Proper Trade company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be cautious because: it is an unregulated company, it mentions being based in the United Kingdom, but it is not regulated by the FCA (UK financial regulator) which makes us think that perhaps the base is not really there, when looking for other valuations about the company we could not find anything, which would indicate that it is a "new" company ...
For these reasons, we believe that Proper Trade is not a recommended broker. In other words, we always recommend working only with duly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
Update February 2020: CNMV (Spanish financial regulator) has warned about Proper Trade
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”213 ″]
Proper-Trade is a SCAM! Careful! I am contacted by a gentleman with a Spanish accent, he is from the company proper-trade.com, he says that the company belongs to the Central Bank of England and that now the bank works through them on the London Stock Exchange, that my data was provided by Investing, which according to them confirms its legality, and their proposal is that I save in the Bank and even that I transfer the money that I have in my bank account in Colombia to a bank account in London with the Bank of England, managed by them (Proper-Trade) and for these special clients there will be better interests, they offer 2% per month and, in turn, they, as intermediaries, will assign me a mentor who will teach me how to work to invest in the London Stock Exchange. Then a second character appears, who is supposedly a genius at investing in the stock market. One of the characters says his name is Felipe Botello, his email is [email protected], the other says his name is Bryan Alfonso, his email is [email protected] even this Bryan Alfonso gives me his number. in The Central Registration Depository CRD 5781916, as authorized agent. I searched brockercheck and indeed the numbers coincide with a Bryan Alfonso regulated by FINRA, I have written to them and they informed me that FINRA only regulates companies from the United States and that they have no relationship with Proper-Trade. These scammers use different methods to get their victims to deposit more and more money into their account. They use pressure, emotional blackmail, trying to make their clients fall in love, also opening a risky operation where more capital will be required so as not to lose a considerable sum of money, in addition they will also close the platform from time to time so that you cannot operate , or close the bad trades that they open for you and that is why they use their own platform. instead of metatrader 4 or 5… to be able to manipulate. If you deposit with a card, they register the payment in the name of another company and on their platform the deposit will appear with a different date than the real one, Attention! Do you see the bottom of all this? The hassles when it comes to asking the bank for help? Unfortunately I fell for their tricks and decided to deposit $ 1,000 dollars in Proper-Trade, they seemed like the opportunity of the century, but then, seeing their desire, the desire to deposit more money, it was when I realized that I was dealing with scammers, I They offered bonuses, amount of benefits, they even offered me to deposit $ 100.000 dollars and they would take me to London to know the company and the super genius of broker that according to them they have. That's when I decide to withdraw my money and that's where the problems lie ... To test them I requested a small withdrawal, of $ 50 dollars, which they would supposedly pay me just to show me that they were a serious company and with the commitment that I would invest more. Now they put conditions on me. And the best ... In my Proper-Trade client area, it appears that this withdrawal of $ 50 dollars that I requested, was already paid to my credit card, but the truth is that this money has not arrived and this has already passed almost 2 months ... Now they do not answer emails or phone calls. Careful!! These Proper-Trade folks are EXPERT SCAMMERS. Spread the word. Let no one else fall for their nets.
Hello Xiomara, thank you very much for sharing your experience with Proper Trade… Can you tell us more about your experience with this company? Do you remember how you came to find them? What they told you about the Central Bank of England, we are sure it is false, as the rest of your experience speaks very badly of this company. Be very careful. Thanks again for commenting on your story with this broker.
Greetings.