Reported Website: https://protrade.fm
Protrade claims to be a reliable firm while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Besides, Protrade shows its company address is in Switzerland. However, we did not find any match results to this broker in the Swiss Financial Market Supervisory Authority (FINMA). On Mar 13, 2023, AskBall found the domain “protrade.fm” is for sale, as most probably it was suspended and it is always a bad sign that broker’s website is suspended.
