A demo account is also available for any traders who wish to try out the PRTrend trading platforms before committing their funds. PRTrend does not require a minimum deposit amount when opening an account and covers fees for money transfers, whether it is depositing or withdrawal thereof. Forex brokers are also known as retail forex brokers or currency trading brokers. Retail currency Currencies forex traders in turn use these brokers to gain access to the 24-hour currency market for speculation purposes. It’s normal that some experts find defects in some options platforms. Of course, we can’t say that this is ideal, but the development of PRTrend unequivocally attracts attention from traders. This occurs because because the broker platform is convenient and functional.
PRTrend offers its clients access to 300 trading instruments, such as PAMM Investment and ForexCopy system to copy trading of successful traders. The company’s activity is regulated by the British Virgin Islands Financial Services Commission in accordance with the Securities and Investment Business Act. PRTrend has a reputation for responsible and professional trading practices. Spreads are low and competitive, server operates at a good speed with no service interruptions.
Does PRTrend Allow Hedging?
The Insta.Standard account is for all kinds of traders and has fixed spreads ranging from 2 to 7 pips, therefore, some fees are low and some are high. For example, the EURUSD pair is 3 pips, which is almost 2 times more than what other top forex brokers ask. PRTrend is an international forex broker that provides an accessible trading platform to a whopping 7 million customers worldwide. The broker was founded in 2007 in Kaliningrad, Russia but has since grown with over 260 offices spread across the world. PRTrend has been providing me with excellent services ever since I started trading with them. Not once was I ever disappointed throughout the three years that I have been with them. I love their mobile platform the most because it works perfectly and it is very portable.
Though the brokerage is based out of Russia, they have over 250 offices located all around the world and offer their services in 27 different languages. See the other regulatory agencies who regulate PRTrend below. In certain cases it is at the Company’s discretion to set the minimal profit change below a 10% level .
Is PRTrend regulated in South Africa?
PRTrend falls under CySEC authorization and regulations through the parent company, Instant Trading EU Ltd. carrying the authorization and license.
All information on the size of commissions contained is on the broker’s website. Trading account replenishment through the popular payment system takes place without commission. The commission is charged only by the bank or forex broker power trend e-payment system. Information on the amount of commission fees is available on their website. Withdrawal fees range from 0.5% to 3.5%, depending on the electronic payment system. PayCo does not charge a withdrawal fee.
Also, withdrawing money is easy, I haven’t had issues. I have been trading with Insta for 3 months. I started with their $1500 startup bonus, in order to test how they work mostly their MT4 platform and deposits/withdrawal system. Everything is excellent as my expectation. According to their bonus terms and condition I withdraw 150$ through Skrill unexpectedly I my withdraw are processed within same day. Now I’m trading with my own fund, opened new account with 650$ and started to use their 55% bonus. I continue to trade with PRTrend broker.
Just only with USD 1, I was able to join them. And what I like the most from PRTrend is the bonus that they give, especially their no deposit bonus. I dare to give a review like this because I’ve got it all from PRTrend.
Cent Standard And Cent.eurica Trading Accounts
Slow withdrawals and bad customer service. They can’t even communicate well with clients. Outdated platform with so many technical errors. I always encounter problems on their trading platform which are left unresolve. The services are good at the start when I deposit the minimum required. All transactions are smooth and they were able to show me possibilities. But right after depositing a bigger amount, it all changes to worst.
- In my case, I often use the WebTrader and the mobile platform.
- Our review of the PRTrend forex broker appreciates that the broker offers MetaTrader 4, as this is the industry standard for trading forex.
- It is rare for brokers to have a fully-functional mobile platform.
- They’ve been giving me the same error/excuse, card limit reached!
- One day I introduce with ForexCopy system and this is very useful for beginner.
- Traders can trade a range of assets including commodities, indices and stocks as well as foreign currency pairs.
PRTrend has a ForexCopy system which helped me so much in the beginning of my trading prtrend cheating journey. I made consecutive losses which made me decide to try this system.
Monitoring Of PRTrend’s Insta Standard Account
Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged. Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD.
Some brokers can go as high as 10,000 GBP/USD. By opening a free demo account the trader will be able to test the trading conditions and terminal features before deciding on which option they wish to choose. Traders Union specialists have analyzed PRTrend trading conditions for explicit and hidden commissions.
PRTrend is a very successful brokerage company who has been dominating online trading across global markets since their establishment in 2007. The brokerage currently serves over 7 million traders and claims to gain eur more than 1000 new clients each and every day. There are many reasons why you should read Forex broker reviews. However, being a beginner on the market and in trading experience in general makes this task mandatory.
Is The PRTrend Trading Platform Secure?
Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as PRTrend you should be sure they’re legitimate online agent. Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are trading strategy dealing with. When trading financial assets with PRTrend like Forex trading, Social trading, and Share Dealing trading. You should have confidence in PRTrend and know that the management of your financial investments on the PRTrend platform are in good hands. When trading in the financial markets it can be very time consuming to find a broker that meets your needs.
The number of currency pairs is huge and you can spice up your portfolio with CFDs which are not very numerous at the moment but are steadily rising in number. Nonetheless, the bulk of newcomers to the forex markets are beginners and the high volatility isn’t the most pleasant circumstance for inexperienced traders.
Users are free to choose a trader based on 20+ criteria and automatically copy his or her deals. However, the client’s deposit remains on the account, and the client can cancel an agreement at any moment. PRTrend is a flat out scam and it’s not news. This market maker has been rejected by several regulators and countries worldwide. A lot of professional traders and even groups have warned traders, especially the new ones to never dare to transact with PRTrend due to its malpractices. They have this representative named IFX Yvonne who’s been defending this crook broker. I know some traders whose accounts had been banned by PRTrend after declining their withdrawal requests.
Throughout my trading experience, PRTrend is the only broker that was able to satisfy all my needs. They have excellent trading platforms , their customer service is outstanding, the trading fee is low and the tools are advanced. Now that I am with this broker, I don’t think that I will still need to look for another. I have registered with PRTrend two moths and believe me; their execution on news time is excellent. Last month when RBA rate news came out, I have open two deal on EurAud pair and set 2.5 lots. From both order I made profit 242$ and 198$.
Hello, we are sorry to hear that you had a bad experience. Can you tell us more about the problem you faced? Maybe you contacted our support service regarding the problems? We could check it if you provide us with your trading account number. There is no doubt that PRTrend offers the most progressive trading experience. From their platform to payment system, everything is in place and you would not have any problem.