Promorion Group (pro-morion.net) has been flagged by Australian Securities and Investments Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I am in a dispute with Promorion Group (pro-morion.net) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Transparent fees|Multi-device support
Cons: Search feature is basic
The so-called education at Promorion Group (pro-morion.net) 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 since I retired last year thinking they would help me learn.
Pros: Comprehensive tools|Transparent fees|Segregated accounts
Cons: Inactivity fee applies after 12 months
Several red flags with Promorion Group (pro-morion.net): (1) They promise unrealistically high returns, (2) They're not registered with Australian Securities and Investments Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Promorion Group (pro-morion.net) is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
After spending since last summer trying to make Promorion Group (pro-morion.net) 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: API access|Copy trading available|Real-time alerts|Educational resources
Cons: Cannot customize dashboard fully|Limited ETF selection