Company Profile
Company Profile
Review summary
General Information
Registered in the United Kingdom, ProtonForex.com presents itself as a forex broker providing easy access to various trading instruments, such as Forex, Indices, Metals, and Commodities. With the ProtonForex.com platform, a range of trading accounts are available, with the minimum deposit to open a professional starting at $100, and the maximum trading leverage that traders can use is up to 1:1000.
ProtonForex.com is not authorized or regulated by any regulatory authority. Please be aware of the risk.
Market Instruments
With the ProtonForex.com platform, four classes of trading instruments including Forex, Indices, Metals, Commodities, are available through this brokerage platform.
Account Types
ProtonForex.com provides a total of 7 types of trading accounts to accommodate different traders varying trading needs, including Basic, Advanced, Prime, Pro, VIP, VVIP and Investor. To open a Basic account, an initial deposit of $100 to $200 is required. However, this requirement becomes incredibly high for the other six accounts, with the Advanced account from $2,500, the Prime account from $5,000, the Pro account from $10,000, the VIP account from $15,000, the VVIP account from $20,000.
As an unregulated forex broker, ProtonForex.com is just trying to defraud its clients by requiring so much deposits.
How to open an account with ProtonForex.com？
Opening an account with ProtonForex.com is an easy and simple process:
1. Click the “Open Live Account” link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.
Leverage
When it comes to leverage, ProtonForex.com allows its clients to use leverage of up to 1:1000, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spreads & Commissions
Spreads and commissions are tightly associated with account types. ProtonForex.com provides floating spreads, with the minimum spreads starting at 0.0 pips.
Trading Platform
What ProtonForex.com offers is not the industry-leading MT4 or MT5 trading platform, and this broker provides its clients easy access cTrader, which can be accessed on web, Mobile.
Aside from the cTrade trading platform, there are some analysis tools available, including advanced charting, platform tools, performance analytics and MAM/PAMM.
Payment Methods
The minimum deposit to start with this broker is $100. ProtonForex.com allows its clients to make a deposit and withdrawal through VISA, MasterCard, PayPal and Skrill.
Customer Support
Culture Capital hypes that it offers 24-hour around-the-clock customer support. Clients have any inquiries or trading-related issues can also get in touch with Culture Capital through the following channels:
Telephone: +44 121 468 2282
Email: info@protonforex.com
Registered Company Address: 45 Church Street, Birmingham, B3 2RT
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
