Saint Vincent and the Grenadines based offshore broker Pro Capital Markets claims to be specialised in Forex and CFDs over various asset class. It also claims to provide generous leverages on a web trader trading platform. However, the broker Pro Capital Markets is not regulated apart from this there are many concerns of this broker. In this Pro Capital Markets review, we will talk about them one by one. Read the full Pro Capital markets review here.
About Pro Capital Markets:
The broker claims to provide the maximum leverage of 1:200. This provided leverages are generous. However, higher leverage levels are banned in mostly regulator markets like Australia, UK, Japan and the United Kingdom. The reason behind it is that they are loss oriented. The broker also provides a variety of tradable asset classes starting from commodities on various trading indices and cryptocurrencies. However, Pro Capital Markets is not regulated. The company called Pro Capital Markets Limited situated in Saint Vincent and the Grenadines is the owner of the brand Pro Capital Markets. As we already know that the territory of Saint Vincent and the Grenadines is very suspicious. The brokers operational from here does not have a valid licence to perform brokerage services. Also, brokers from here do not fall under the jurisdiction of any financial regulator. Hence, brokers operational from here are very risky and can turn out to be a scam broker. The broker also provides many bonuses but they come with unusual terms and conditions. One of them is the minimum high trading volume requirements for bonus withdrawal. The client of Pro Capital Markets needs to pay many commission and fees like 100 USD account maintenance. Plus, fees on clearance and settlement fee. These are not specified anywhere on the website. It also applies a fixed commission of 30 US dollars on every withdrawal. The payment method at Pro Capital Market is not mentioned. The broker also fails to provide information about minimum deposit requirement and most trusted MetaTrader platform is not available for trading.
Is Pro Capital Markets scam or legit?
The overall presentation of Pro Capital Markets is very confusing and an uninformative. We certainly don’t know the company behind this broker. Also, the broker fails to provide critical information about trading conditions like minimum deposit, spreads and leverages. MetaTrader is absent from the offering and it applies many salty fees to its clients. Considering all these, we can claim that the broker Pro Capital Markets is a potential scam broker 2020.