Prowins Binary has been flagged by Commodity Futures Trading Commission for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Customer support at Prowins Binary seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Quick verification|Good analytical tools|Wide product range
Cons: Live chat only during business hours
I have been trying to close my account with Prowins Binary for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Regular updates|Multi-device support|Stable platform
Cons: Withdrawal takes 1-2 business days|Currency conversion fee exists
I joined Prowins Binary after comparing multiple platforms and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Smooth onboarding|Great customer service
Cons: Could offer more webinars|Mobile app could be improved
I trusted Prowins Binary with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: No hidden fees|Great customer service|Quick verification
Cons: Nothing significant
I lost a significant amount because Prowins Binary did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: High security standards|API access|Intuitive for beginners
Cons: Wish they had more educational resources|Nothing significant
Tried to withdraw my funds from Prowins Binary and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
The platform itself is okay, but the customer service at Prowins Binary is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Easy withdrawals|Stable platform|Instant funding
Cons: Limited ETF selection
Several red flags with Prowins Binary: (1) They promise unrealistically high returns, (2) They're not registered with Commodity Futures Trading 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.
Pros: Website looks legitimate on the surface
Cons: Flagged by Commodity Futures Trading Commission|Cannot verify credentials
I had high hopes for Prowins Binary after a trusted YouTuber reviewed them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Wide product range|Demo account available|Helpful community forum|Copy trading available
Cons: Email notifications too frequent