TRXprotrade claims to have multiple advantages on one platform. The broker promises to provide more than 100 assets for trading, professional support, and 100% protected transactions. Oh, if only every broker really fulfilled what it promises. However, no, usually, they all turn out to be scams. Let’s see if this project is honest with customers and how they rate it in reviews.
- TRXprotrade General Information
- Registration and Client Portal Review
- TRXprotrade Trading Conditions
- Account Types Review
- Trading Platform
- TRXprotrade — Deposit and Withdrawal of Funds
- Additional Options
- Is TXprotrade a Scam?
- Legal Information and License
- Trxprotrade.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
TRXprotrade General Information
|Address||The Leadenhall Building, 122 Leadenhall St, London EC3V 4AB, UK|
Registration and Client Portal Review
A rather simple website greets us. We’ve definitely seen a similar design more than once. Apparently, they are popular now. Of course, on the main page, TRXprotrade presents itself as the best broker, the choice of clients, etc. It even mentions some awards. At the same time, the site looks unfinished. Some sections are not filled with content. There are shortcomings. In general, we would not say at first glance that this is a company worth trusting.
The registration tab looks pretty typical. You need to enter your personal data and contacts. You also need to agree that you have read the terms and conditions. Next, you will immediately get access to your Client Area. TRXprotrade absolutely does not care what data you enter. For example, we even entered a fake email address. However, the broker does not provide for verification of contacts.
The Client Portal looks like a standard-standard. No, it’s not a typo. This broker is simply a god of standards. No extra features. Only a minimal set is available. You can fund your account, withdraw money, and change data in your profile. Oh, yes, there is also a link to the trading terminal here.
TRXprotrade Trading Conditions
Since the broker’s official website is no different from anything original, maybe we will find something interesting in the trading conditions?
Account Types Review
We will not languish for a long time. Unfortunately, there is nothing extraordinary in the trading conditions. TRXprotrade provides 6 trading accounts. Each of them has a minimum deposit and additional services available to customers. As you might have guessed, most of the services are offered to those who choose a TRXprotrade VIP account. It needs to be deposited with 40 thousand euros. The account for beginners is quite modest. Of the additional services, there is nothing unless leverage is available. By the way, it can reach 1:500 on the platform. And most likely, the more money in the account, the higher the available leverage.
There is no specific data on spreads. It is only indicated that they are floating or fixed. It would be funny if there were any more types of spreads. TRXprotrade also offers capital insurance. We don’t know what this unknown service is. However, we know that you will have to pay for this insurance.
Well, at least TRXprotrade does not call its platform award-winning. It definitely wouldn’t have won any awards. By the way, the broker is cheap and did not buy the rights to the desktop and mobile versions. The web version is quite simple. You won’t find any new features here. You can open orders with a couple of clicks. Technical and graphical analysis is available. In general, that’s all that can be said about this web trader.
TRXprotrade — Deposit and Withdrawal of Funds
Among the ways of depositing, the broker names several. You can transfer money to the platform from a credit card, use a bank transfer, or electronic payment systems. The speed of transactions will depend on the payment method. The speed of money withdrawal also depends on what you have chosen. The longest you will have to wait for a bank transfer, but it is quite logical.
Even though TRXprotrade does not check email and phone numbers, it requires customers to pass an identity check. For this several documents need to be uploaded to the Client Portal. Or you can send copies via email to the broker. Since you need to confirm not only your identity but also your address, you will need to make copies of your passport and utility bills. Another suitable option is a bank statement. It may also be needed for verification of payment data.
Additional TRXprotrade services are literally everything that various scams love so much. Here you are offered signals, financial advice, analyst support, education, and other heresy. Why heresy? Because we can’t even be approximately sure of the qualifications of the company’s employees. No successful market forecast has been made public. Everything is completely anonymous. Is it worth trusting such advisors?
Is TXprotrade a Scam?
Of course, we have more experience in this matter and we perfectly recognize the scam at a glance. If our readers do not understand why we have included TRXprotrade in the list of fraudsters, then we will be happy to explain it.
Legal Information and License
First, the broker’s management company is registered in the offshore zone of Saint Vincent and the Grenadines. However, if you have carefully read the user agreement, then you have a lot of questions. You probably think, where did this offshore come from? After all, according to the agreement, TRXprotrade operates under the laws of Estonia. In fact, a company called TRXprotrade is not registered either in Saint Vincent and the Grenadines or in Estonia. This is understandable because the broker did not specify the registration number anywhere. There is also no license data. Of course, the company doesn’t even exist legally. How can it get a license? No way.
Trxprotrade.com Domain Info
Have you seen the awards that are written about in the footer of the site? They have nothing to do with the real period of the broker’s work. Domain check showed that it was created on August 30, 2022. Some reviews about TRXprotrade began to appear even later.
Contacts are presented rather poorly. There is only an email address. As we have already found out, the office address is fake. In fact, TRXprotrade is not registered there. You will be lucky if you manage to contact the broker.
Pros and Cons
- Small minimum deposit.
- Fake legal data.
- Just a few months of work.
- No legal registration.
- No license.
- Negative reviews.
Frequently Asked Questions (FAQ)
It offers CFD trading. You can also pay attention to additional broker services.
The minimum amount is small. According to the trading conditions, you need to fund your deposit by at least $250.
No, this is not a safe project. TRXprotrade is a fake broker without a license and any work permit. Avoid this scam.