It is very common for brokerage firms to brag about numerous awards and a large number of traders — claims that are virtually impossible to verify. However, should such companies be trusted? In today’s TradingPRO review, we will examine a platform that is based in several of the less reliable and reputable jurisdictions, while claiming to offer advantageous and trustworthy brokerage services. Is it a scam or not? Let us find out.
Brief Overview
- 🖥Official Website: https://www.tradingpro.com
- ✈️Contact Address: 1st Floor, First St Vincent Bank Ltd Building, James Street, Kingstown
- 📞Customer Support: support@tradingpro.com, (+44)02032894388
- 🔐Licensing and Accreditation: FSCA, MFSC
- ⏳Track Record: 2016
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $1, 1:2000
- 💰Additional Services: partnership program
Tradingpro.com Examination
As always, let us begin with the company’s official website. TradingPRO features a typical website, much like the majority of other brokers. There is nothing distinctive or unique about the design — it is entirely standard. The website can be divided into several sections: the top menu, the homepage, and the footer. The menu contains the main sections.
- Trading. Description of account types and deposit/withdrawal.
- Markets. Description of traded asset classes.
- Platforms. Information about MetaTrader 4/5 terminals.
- Tools. Additional tools.
- Company. Information about the broker, including contacts, help center, FAQ, awards, and legal documents.
- Partners. Partner program.
The homepage lists some trading conditions and supposed advantages. These are mostly clichéd phrases such as “tight spreads”, “swift withdrawals”, “powerful trading platforms”, and so on. The footer includes legal information about TradingPRO, for example, two addresses, and a risk warning related to margin trading.
The official website is available only in English, as no language switcher was found. Yet the broker portrays itself as a global company, claiming a presence in Africa and various Asian countries. If that is the case, where are the versions of the site in Filipino or other Asian languages?
There is a significant amount of meaningless information. For instance, the “About us” section offers a typical corporate philosophy about mission and vision, but no concrete details about the platform’s founding date or its business model.
In short, TradingPRO has not put much effort into its official website. Many essential aspects have been neglected, despite being critical. There is no unique design. It is a basic brokerage site explaining trading conditions and revealing a few details about the broker’s operations.
Company Contacts
You can contact TradingPRO’s representatives via several methods: email, phone number, online chat, and social media. Overall, it is a standard set, but there are a few issues.
The online chat has very slow response times, as does email. Yet this function is intended for swift communication between clients and company representatives. The phone number has a +44 code, indicating the United Kingdom, but the company has no branches there. At least, no addresses are provided. Their social media accounts have no followers and no activity. Views barely reached 10–20, and the pinned tweet is a poll dated 19 March 2024, in which only one person voted. The platform clearly lacks popularity on social media.
Key Conditions
TradingPRO has developed several types of accounts:
- Micro — designed for complete beginners: entry from $1; spreads from 1.6 pips with no commission, but the minimum order size is 0.10 lots, which is risky for newcomers. Leverage is 1:2000, stop-out level at 10%, meaning the deposit can easily be lost. Suitable only for testing purposes.
- Rookie attracts users with zero spreads and also requires just $1 to start. However, the commission is not disclosed, which is suspicious. The remaining conditions are the same, but order sizes start from 0.01 lots.
- Pro — requires a minimum deposit of $10; spreads from 1.6 pips, and no commissions. It is optimal for those who already understand trading and the market. The stop-out level is 20%, with the same leverage of 1:2000. There are no particularly unique advantages.
- ScalpX — designed for advanced traders. A minimum balance of $50 is required. It offers bid/ask spreads from 0.0 pips, likely with a commission (not specified). Order sizes range from 0.01 to 200 lots, and the stop-out level is 30%. This is the most flexible account, allowing all strategies, including scalping.
Commissions at TradingPRO are listed separately. The company charges $0.01 per share, with a minimum of $1.99 per trade, $0.65 per options contract, and 1.5% for cryptocurrency trades. Forex clients can trade commission-free. This is rather expensive. For instance, reputable cryptocurrency exchanges charge no more than 0.1%, whereas 1.5% here is highly unfavorable.
Moreover, the company does not disclose its order execution model. Is it A-Book or B-Book? If no information is provided on the official website, it can be assumed by default to be B-Book. This implies a conflict of interest, as clients are trading against the broker. In such a case, the company’s profit stems directly from client losses.
Exposing TradingPRO
What we need to understand most of all — is this a scam or not? To answer that, we must examine all the legal details and the company’s licenses before drawing a conclusion.
So then, TradingPRO lists two jurisdictions: South Africa and Mauritius. Additionally, their LinkedIn profile mentions a legal address in Saint Vincent and the Grenadines. The company is registered in offshore jurisdictions with a poor reputation and holds local licenses: FSCA and MFSC. We have verified all this information, and it is accurate. These legal entities do indeed exist.
However, one should not assume that this equates to the safety of client deposits. Such licenses provide no real protection for traders. The FSCA and FSC do not safeguard your funds. There is no deposit insurance. No compensation scheme. If TradingPRO simply disappears with your money — there will be no way and no one to retrieve it from.
Oversight by the FSCA and FSC is merely nominal. No one will check how orders are executed, how withdrawal requests are processed, or whether the broker interferes with trading. Traders may find their stop-losses not triggered; the company may manipulate trades, support may ignore you, and the regulator will simply turn a blind eye.
How do these licenses differ from those issued by the FCA or CySEC? Under the FCA, each client is insured up to £85,000 through the FSCS. If the broker goes bankrupt — you will actually get your money back. Under CySEC, the ICF compensation scheme covers up to €20,000 per client. That is real money, not just empty promises. FSCA and FSC offer no such guarantees. If the broker collapses — say goodbye to your deposit.
What Reviews Do Users Leave?
Although the broker has been around for several years, there are surprisingly few reviews about it. The majority of visible comments are positive, but they appear suspicious. Most are vague remarks such as “The best broker I ever use”, “It’s a good broker app for traders”, or “Fast withdrawal and very helpfull assistance 24-7”. In other words, there is no detail or supporting evidence. There is nothing to confirm that TradingPRO operates honestly or allows easy withdrawals. The positive reviews strongly resemble fakes.
Conclusions
The broker holds tier-2 regulation, which makes trusting it highly risky. At any moment, TradingPRO could vanish with your funds or simply operate against you. Therefore, we recommend not engaging with such a platform.
Pros/Cons
- The firm has been operating since 2016.
- Low minimum deposit.
- No regulation from a reputable and serious financial commission.
- Fake positive reviews.
- B-Book's business model is a conflict of interest.
- The company is not popular among traders.
TradingPRO promised spreads from zero, so I thought I’d try scalping. Right. In reality, every entry starts with a 3–5 pip drawdown, even though the chart looks clean. The commission is not listed anywhere, but it clearly exists, as the balance drains quickly. It feels as if the terminal is deliberately manipulated. Everything looks great on their website, but once you enter live trades, the tricks begin. I suspect this is fake trading, which is why I do not recommend it
After a routine verification, my access to the account was blocked. No emails, no notifications. I contacted support, and I keep getting the same reply: “please await a response from the compliance department”. It has been ten days. Nothing has happened – it strongly resembles a scam. The funds are stuck inside. Even if they return them, what is the point of working with a broker who can just cut off your access to the platform at any moment? It reeks of fraud!