Prowexinvest has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +41 43 544 4476
Addresses: 11 Bellerive Strasse CH-8008 Zurich Switzerland This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: prowex-invest.com.
Where do I even begin with Prowexinvest? for over a year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Professional team|Fast execution|Tax reports included
Cons: Onboarding videos are outdated|Website design could be more modern
I signed up with Prowexinvest after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: API access|Professional team|Helpful community forum
Cons: Minimum deposit could be lower
The onboarding at Prowexinvest was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Regular platform improvements|Low minimum deposit
Cons: Limited demo account features|Nothing significant
I wanted to transfer my portfolio from another broker to Prowexinvest. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Fast support response|Good analytical tools|Regular platform improvements|Clean UI
Cons: Limited ETF selection|Withdrawal takes 1-2 business days
The so-called education at Prowexinvest 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 about eight months thinking they would help me learn.
Pros: Multi-currency support|Instant funding
Cons: Nothing significant|No phone support on weekends