Pro Investments is a brand new Crypto / Forex broker that only opened on June 13th 2022. In September 2022, they closed their website and opened a new which also doesn’t work.
What was your experience investing with the brokers at Pro Investments? Please share your review in the comments section below.
If you have a broker complaint or are having problems making a withdrawal, read this.
Pro Investments Reviews
Our review of the new broker Pro Investments finds, that their day traders and investors get access to a basic and simple web-based Forex trading platform. They are targeting European investors via automated trading apps, without holding a valid license.
You will not find the MT4 or MT5 trading platform available, and also, they don’t have a mobile trading app. You can create multiple trading accounts, but they don’t short the option for a demo trading account.
They offer a wide variety of assets to trade including; Forex / Currency pairs, Commodities (oil, gold silver), Indices and CFD’s for shares trading. A quick check of their trading conditions for BTCUSD shows an unrealistic spread of only $2, with margin of 2:1. Compare them with Pepperstone spreads.
Many new investors look for offshore brokers with high leverage because they believe they will make money easier that way. The reality is, trading with high leverage is risky, and since new traders don’t understand the risks, they quickly lose all their money.
Minimum deposit required for a new trading account at Pro Investments is officially $250. Deposits can be made via credit card or Crypto deposit. Remember, when sending crypto, you have no credit card fraud protection.
Is Pro Investments Legit?
No, Pro Investments is not licensed or regulated by any of the reputable government regulators.
They do not disclose where they are located, but a little bit of research shows they are owned by IXSPARKO LLC, which was registered in St Vincent and Grenadines on April 5th 2022. This broker may be related to another scam brokerage firm called NabCrypto.io. They use the same contact details.
According to the SVG Financial Services Authority; “Forex trading brokerage activities are not licensed in St. Vincent and the Grenadines, read more.”
Contact phone number is: +447360513027 (formerly +441273034729). Contact email address is [email protected]. Official website was at https://cfd.proinvestments.io/, and is now located at: https://www.procryptoinv.com/.
When the Scam Broker Investigator reviews a new Forex or Crypto broker to determine if they are legit or a scam, we first look for a valid brokers license. In recent months, we have seen many scam unlicensed brokers, disappear and go out of business. The best brokers are always licensed by ASIC Australia, the FCA in England or your local governments financial regulator.
Smart investors will always use a licensed broker, because of the protection you are afforded from their financial regulator.
Scam Trading Apps
We received an email telling us we can make money with an automated trading app called BitcoinFuture. They offered a free automated trading system, which makes money from Crypto trading.
After we signed up for the app, we were redirected to the brokers ProInvestments.io. The problem is that there was actually no trading app, and it was just a gimmick to get us to sign up for this broker!
When looking for automated trading solutions, see what the licensed broker AvaTrade offers.
Compare Forex Brokers
Smart investors always review a few different brokers before making a final decision, See the best brokers list.
ForTrade is a popular broker in Australia and Europe, that is licensed and authorised by the FCA and ASIC, see here.
Get a Free Demo Account at: ForTrade.com.