Forex Brokers

Progain Tradex

1.4 (5 reviews)
🇳🇿 New Zealand
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About Progain Tradex

Progain Tradex has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

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Customer Reviews

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They bet against their clients

R
Rachel S.
2 months ago

My withdrawal from Progain Tradex was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about three months of being strung along.

Pros: Multi-device support|Market news feed|Easy to use platform|Personal attention

Cons: Limited demo account features

A joke of a company

M
Megan S.
4 months ago

After spending since I retired last year trying to make Progain Tradex work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.

Pros: Multi-currency support|Instant funding|Fast support response

Cons: Could offer more webinars|Limited ETF selection

Checked with regulators - they're not licensed

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Charles M.
5 months ago

After seeing ads for Progain Tradex online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.

Cons: Listed in warning databases|No transparency|Pressure to invest quickly

Stay far away from this company

J
Jessica S.
7 months ago

I want to warn everyone about Progain Tradex. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Pros: Initially responsive customer service

Cons: No regulatory oversight|Money disappeared|Fake testimonials

They upsell insurance you do not need

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Patrick A.
10 months ago

I opened an account with Progain Tradex for a couple of months now ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.

Pros: Social trading features|Economic calendar|Segregated accounts

Cons: No phone support on weekends