Bprotrade (bprotrade.io) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +61485988512, +442045253588, +16478478559
Addresses: Thurgauerstrasse 32 8050 Zürich This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: client.bprotrade.io.
After for about ten months with Bprotrade (bprotrade.io) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Segregated accounts|Market news feed
Cons: No integrated tax optimization|Withdrawal takes 1-2 business days
The so-called education at Bprotrade (bprotrade.io) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for just over a year thinking they would help me learn.
Pros: Educational resources|Market news feed|Customizable dashboard
Cons: Inactivity fee applies after 12 months
The spread at Bprotrade (bprotrade.io) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after my brother mentioned them and initially thought the platform was good - until I started trading seriously.
Pros: Professional team|Detailed reporting|Regular platform improvements|Helpful community forum
Cons: Account statements could be more detailed
Bprotrade (bprotrade.io) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Low minimum deposit|Clear documentation|Reliable uptime|Risk management tools
Cons: None so far|Limited demo account features