TradingPro Review: All You Need To Know! (2024)

Review

Trading Pro broker Introduction

Trading Pro was founded in 2017, It is a multi-asset forex broker that gives its customers access to a wide range of instruments that can be traded, such as forex, index, precious metal, oil, cryptocurrency, and equity. The broker is based in St. Vincentand the Grenadines and is regulated by the Financial Sector Conduct Authority(FSCA).

TradingPro offers clients, a choice of two platforms, the popular MetaTrader 4 and thenewer MetaTrader 5. With these platforms, traders can place orders, manageaccounts, chart prices, and conduct technical analyses. Leverage is availableup to 1:2000.

Thebroker offers multiple base currencies and there are no deposit or withdrawalfees. The minimum deposit is $1, and the minimum withdrawal amount is $10.Trading Pro offers 24/7 multilingual customer support via email, phone, andlive chat. There is no inactivity fee charged to clients.

TradingPro provides a secure and reliable broker service with competitive tradingconditions for forex traders and other market traders.

Broker's safety information

This forex broker is regulated by the Financial Sector Conduct Authority (FSCA) in St. Vincent and the Grenadines. It is committed to giving its customers a safe and private place to trade.

All customer funds are kept in separate accounts, and the broker follows the highest industry standards. This includes protecting customers from phishing, cyberattacks, and theft.

Furthermore,Trading Pro enforces KYC (Know Your Customer) procedures to protect clients'personal information. KYC helps to maintain the integrity of the tradingenvironment and to ensure that all customer's funds are kept safe.

The broker has also put in place AML (Anti-Money Laundering) policies and procedures. Making sure that they meet the latest legal and regulatory requirements. AMLprovides that all customers' financial activities are within the law and thatillegal funds are not used in trading.

Alldeposit and withdrawal methods are highly secure and are protected by thelatest SSL encryption technology. They've partnered with top-tier banks andpayment processors to ensure the safety of customer funds.

Fees details

Thisforex broker does not charge deposit or withdrawal fees. The minimum deposit is$1, and the minimum withdrawal amount is $10. However, traders might need topay third-party handling or international wire transfer fees, depending ontheir chosen method of payment.

TradingPro does not charge inactivity fees or hidden costs and offers competitivespreads on all trades. The commissions on specific instruments are also verycompetitive, starting from $3 per lot.

Thebroker charges swap fees if the positions remain open overnight. The fees varydepending on the instrument being traded, but they are generally relativelylow. There are no account maintenance fees or any other hidden costs.

Overall,the fee structure of Trading Pro is competitive and traders should find thecosts to be reasonable. For any query regarding account and fees, contact thecustomer support team for more information.

Spreads fee

The spread structure is very cheap for forex traders. This is because the broker has flexible spreads on big currency pairs like EUR/USD and USD/JPY that start at 0 pips. The spreads on exotic pairs and commodities are alsofairly priced.

Inaddition to the spreads, Trading Pro offers low commissions on instruments suchas CFDs, stocks, commodities, and indices. Commission fees start from $3 perlot and vary depending on the instrument you're trading.

Thefloating spreads structure lets traders take advantage of the market movementsand make better-informed trading decisions. The spreads fee of this multi-assetbroker is transparent, and the costs are very reasonable.

Swap fees

Forexand other market traders need to pay a swap fee when their positions remainopen overnight. The swap fee will depend on the instrument that is being tradedand the direction of the trade.

Swap fees can be beneficial if you're trading in the same way as the interest rate or harmful if you're trading against it. The swap fees can also varydepending on market conditions and the broker's policy.

Inaddition, the broker also offers swap-free accounts to traders that wish toavoid overnight rollover costs. Such accounts are ideal for Islamic traders asthey comply with the Sharia Law.

Deposit and withdrawal methods

TradingPro offers many ways to deposit and withdraw money, such as Visa, Mastercard, Walaopay, FasaPay, Paytrust, Virtual Account, and PromptPay. Allmethods have their respective minimum deposit limits, but the broker does notcharge additional fees.

ForVisa and Mastercard, the minimum deposit is $100, while for Walaopay, FasaPay,and Paytrust, it is $10. The minimum amount for Virtual Account and PromptPayis $23 and $100 THB respectively.

Theminimum amount for withdrawal using Visa, Mastercard, and Crypto is $100. ForWalaopay it’s $15, FasaPay - $10, Paytrust - $15, PromptPay - 300 THB, andDragonpay 2500 PHP.

Thewithdrawal process is also straightforward and secure. The broker uses SSLencryption technology to ensure the funds are secure and compliant with AMLregulations. They also offer 24/7 customer support for payment assistance.

Asthe broker has implemented KCY, traders need to pass the KYC (know yourcustomer) process to make deposits and withdrawals. It is a standard one-timeprocedure and takes only a few minutes to complete. To learn more about depositand withdrawal methods, click here.

Available tradable markets

Thismulti-asset broker allows you to trade various instruments like forex, index,precious metal, oil, cryptocurrency, and equity. All the instruments areavailable for trading on the MetaTrader 4 and MetaTrader 5 platforms withreal-time market data and execution. Let's dive into all tradable markets indetail:

CFDs on forex

TradingPro offers more than 50 major and minor currency pairs for trading. The spreadsare competitive with the average bid-ask spread on the EUR/USD and other majorpairs starting from 0.0 pips. The leverage available for trading CFDs on forexis up to 1:2000.

Theavailable leverage on this platform is highly competitive and helps traders tomaximize the potential of their trading strategies.

Somepopular major currency pairs you can trade are EUR/USD, USD/JPY, GBP/USD,AUD/USD, CAD/USD, and more. In addition, traders also have access to minor andexotic currency pairs like EUR/NZD and USD/SGD.

Forextraders have MT4 and MT5 trading platforms to use for their trades. Theseplatforms offer various features like charting tools, indicators, automatedtrading, etc. Traders can access advanced trading features like one-clicktrading and hedging as well.

CFDs on indices

Tradershave access to multiple indices from around the world. The spreads start at0.00 pips, and the available leverage is up to 1:2000. Some popular indices youcan trade are S&P 500, Nikkei 225, DAX 30, and more.

Tradersalso have access to US500, JP225, UK100, AUS200, and other indices. The brokeroffers good trading conditions and low spreads, so traders can capitalize ontrading indices.

Indicestrading is ideal for investors looking to diversify their trading portfolio.Investors can access indices from different markets and capture price movementswith the help of CFDs.

CFDs on precious metals

CFDson precious metals like gold, silver, and palladium are also available fortrading. The spreads start from 0.00 pips on the XAU/USD pair with a leverageof up to 1:2000. Traders can trade gold and other precious metals with noadditional commission and fast execution speeds.

Preciousmetals trading allows traders to exploit these markets' price movements. As theprices of gold and silver are highly volatile, investors can capitalize onshort-term market movements to make profits. Traders can use MT4 and MT5trading platforms for their precious metals trades.

CFDs on oil

Oilcontracts are also available for trading with Trading Pro. The spread startsfrom 0.00 pips on the Brent crude and West Texas Intermediate oil contracts.The leverage for oil trading is up to 1:2000. Oil trading is ideal for traderslooking for higher liquidity.

Traderscan use the MT4 and MT5 trading platforms to access these oil contracts withreal-time pricing. In addition, as the commissions are lower and spreads aretight, traders can maximize their trading potential with Trading Pro.

CFDs on cryptocurrencies

Cryptocurrencytrading is a popular trend in the trading industry. Trading Pro offers tradersaccess to multiple cryptocurrency CFDs with competitive spreads and no additionalcommission.

Somepopular cryptocurrencies you can trade are Bitcoin, Ethereum, Litecoin, andRipple. The leverage on Trading Pro is up to 1:2000 which allows traders tomaximize their trading potential. However, cryptocurrency trading is highly volatile,so investors are advised to be cautious when trading these digital assets.

CFDs on equity

EquityCFDs from multiple markets worldwide are available for trading on Trading Pro.The spreads start from 0.00 pips, and the leverage is up to 1:2000. Investorscan use this platform to access various stocks like Amazon, Apple, Microsoft,Facebook, and more with real-time pricing.

TradingPro also offers ETFs which are ideal for diversifying your trading portfolio.ETFs allow traders to access the stock market without buying and sellingindividual stocks. These are low-risk investments that can be used to diversifyyour trading portfolio and manage the risks more effectively.

Leverage details

Traderscan use leverage up to 1:2000 on Trading Pro when trading forex, indices,precious metals, oil, and cryptocurrency. Higher leverage can be risky, soinvestors are recommended to use leverage cautiously.

Forexample, if you're trading CFDs on forex with a leverage of 1:50 and $650 inyour trading account, your total trading capital will be $32,500. If the marketmoves 10% against you, your entire trading account will be wiped out. So alwaysuse leverage carefully to minimize potential losses.

Leveragecan be a useful tool for experienced traders to maximize their profits, but itshould always be used cautiously. Compared to other brokers, Trading Pro offersone of the highest leverage in the industry, but traders are advised to use itwisely.

Negative Balance Protection (NBP)

Negativebalance protection prevents traders from losing more than their initialinvestment in the event of drastic market movements. Trading Pro offers NBP toprotect its clients' trading accounts and ensure the losses do not exceed thetrading capital.

Incase of extreme market volatility, the platform will close all opened positionsbefore the losses exceed your trading capital. It prevents traders from losingmore money than their initial investment.

Inaddition, Trading Pro has implemented other features like price alerts, stoploss and take profit orders to ensure that the trades are executed effectively.NBP is a useful feature for traders who are concerned about the risksassociated with trading.

Available trading platforms

MetaTrader 4

MT4 is one of the most popular trading platforms available on Trading Pro. It issuitable for all types of traders from beginners to experienced professionals.It offers access to advanced trading tools and features like real-time pricing,charting tools, order types, etc.

Theplatform is available for both Windows and Mac operating systems. It is alsocompatible with mobile devices, so traders can access their accounts on the go.For forex traders, MT4 is the ideal platform to analyze and execute trades.

MT4also offers Expert Advisors (EAs), which allow traders to automate theirtrading strategies. This is useful for those who need more time to monitor themarket regularly. The platform also allows traders to customize their tradingenvironment according to their preferences.

MetaTrader 5

MetaTrader5 is a powerful platform with advanced features and tools. It offers access tovarious markets like Forex, equity indices, gold, oil, and more. The platformsupports multiple order types and comes with built-in risk management toolslike stop loss, take profit, and trailing stops.

Italso provides real-time pricing information and customized charting tools. Someof the key advanced features of MT5 include multi-currency hedging, ExpertAdvisors, and a built-in economic calendar. The platform is available on bothdesktop and mobile devices.

MT5 is ideal for experienced traders as it offers access to a wider range ofmarkets and advanced trading tools. Moreover, it allows traders to analyze themarket more deeply and execute their trades with greater precision.

Available trading accounts

Micro

TradingPro offers a micro account for those who want to start trading with a lowerinitial deposit. The minimum deposit required is just $1, and traders can tradeCFDs on 57 currency pairs. The maximum leverage offered is 1:2000, and thespread begins at 1.6 pips.

The stop-out level is 10%, the minimum order amount is 0.10, and the smallest step is 0.01. This account is good for beginners, because it lets them trade on the foreign exchange market without putting a lot of money at risk.

Rookie

The Rookie account is designed for new and experienced traders looking for moreflexibility in their trading. The minimum deposit is $1, and the spread startsfrom 0.0 pips. The maximum leverage offered is 1:2000, and traders can trade on50+ CFD currency pairs.

Thestop-out level is 30%, and the minimum order volume is 0.01 with a minimum stepof 0.01. The Rookie account is also suitable for those who want to test andexperiment with different trading strategies, as it allows them to use hedgingand scalping techniques. Swap-free account is also available on this account.

Pro

The Pro account comes with a minimum deposit of $10, and the spread starts from 1.6pips. The maximum leverage offered is 1:2000, and traders can trade on 50+currency pairs. The stop-out level is 20%, and the minimum order volume is 0.01with a minimum step of 0.01.

Majorcurrencies accepted for deposits are USD, GBP, EUR, AUD, and CAD. This accountis suitable for experienced traders who want to take advantage of advancedtrading tools and features such as Expert Advisors, risk management tools,customizable charting tools, real-time pricing information, and more.

ScalpX

The ScalpX account is designed for experienced traders who want to trade forex withultra-low spreads. The minimum deposit required is $50 and the spread startsfrom 0.0 pips. The maximum leverage offered is 1:2000, and traders can trade on151 currency pairs, precious metal, oil, index, and equity.

ScalpXis ideal for those who want to take advantage of ultra-low spreads, as theminimum order volume is 0.01 with a minimum step of 0.01. The stop-out level isset at 30% and swap-free accounts are also available.

Expert

Witha minimum deposit of $200, the Expert account offers access to 151 currencypairs, precious metals, commodities, indices, and equity. The spread startsfrom 0.0 pips, and there is a commission of $3 per lot. The maximum leverageoffered is 1:500, and the stop-out level is 30%.

Theminimum order volume is 0.01 with a minimum step of 0.01, and all tradingstrategies are allowed on this account. Traders can also open a swap-freeaccount and take advantage of several advanced trading tools.

How to open an account?

Followthese quick steps to open a Trading Pro account:

• Goto the website and click on "Register."
• Enter the mandatory details, including name, email, date of birth, and country of residence.
• Select your trading account type and leverage.
• Choose your deposit method and currency.
• Enter your investment amount and click on 'Open Account.'

Tools

Tradershave access to all tools available within MT4 and MT5 trading platforms. Theseinclude advanced order types and risk management tools, flexible chartingoptions, real-time pricing information, automated trading strategies, and more.In addition, traders can access tools like theeconomic calendar to get the latest news andannouncements from the financial market.

Social trading

TradingPro also offers a social platform that allows traders to connect with othersuccessful traders and follow their strategies. The platform is easy to use andprovides real-time analysis of top traders' performance. For social trading,the broker offers four accounts — Copy Cent, Copy Micro, Copy Pro, and CopyScalpX.

Theminimum deposit starts from $1, and the spread starts from 0.0 pips. There isno commission on trading, and the maximum leverage offered is 1:2000. Thestop-out level is set at 30%, and swap-free accounts are also available. Themaximum order volume is 200, and the minimum order volume is 0.01 with aminimum step of 0.01.

PAMM

TradingPro also offers a PAMM account which allows professional money managers tomanage funds of not only their own but also of other traders. The minimumdeposit required to open a PAMM account is $50, and the spread starts from 1.6pips. The maximum leverage offered is 1:2000, and traders can trade on 50+currency pairs.

Thestop-out level is 20%, and the minimum order volume is 0.01 with a minimum stepof 0.01. There is no commission on trading, and the maximum order volume is200. The margin call level is 50%, and the maximum position is 200.

Customer support

TradingPro is committed to providing world-class customer support to its traders. Thebroker offers 24/7 multilingual support through phone at +4402032894388, emailat support@tradingpro.com, and live chat.

Inaddition, there is an FAQ section on the website that answers some basicquestions related to trading and account opening. Their customer support teamis responsive and knowledgeable and always available to assist traders withtheir queries.

Trading Pro review in a nutshell

TradingPro is a regulated broker with a wide range of tradable instruments,competitive spreads, and trading conditions. It provides access to MT4 and MT5trading platforms and a social trading platform. The minimum deposit is $1, andthe maximum leverage is 1:2000.

Inaddition, traders can also access a PAMM account, with the minimum depositrequired being $50. Overall, Trading Pro is a reliable broker offering a widerange of services and trading tools to its traders.

FAQs

What is the minimum deposit?

Theminimum deposit is $1 for their Micro account.

What is the maximum leverage offered by them?

Themaximum leverage offered is up to 1:2000.

Does it offer a demo account?

No,the broker does not offer a demo account as of now.

How do I open an account with this broker?

Youcan open an account by filling out the online registration form on the broker'swebsite.

What platform does the broker support?

Thebroker supports MT4 and MT5.

What are the spreads at this broker?

Thespreads available at Trading Pro are floating, starting from 0.0 pips.

What is the minimum trade size?

Theminimum trade size is 0.01 lots.

How to contact their customer support?

Youcan contact customer support 24x7 by live chat, email, and call.

Does this broker support crypto trading?

Yes,users can trade a wide range of cryptocurrencies with this broker.

What are the deposit methods at this multi-assetbroker?

Thedeposit methods include Visa, Mastercard, Walaopay, FasaPay, Paytrust, VirtualAccount, PromptPay, and Dragonpay.

What are the withdrawal methods available with thisbroker?

Thewithdrawal methods are similar to the deposit methods, including Visa,Mastercard, Walaopay, FasaPay, Paytrust, Virtual Account, PromptPay, andDragonpay.

Do they offer educational content?

Theyoffer various educational resources, including an economic calendar and an FAQsection.

Can US residents open accounts at this broker?

No,US residents cannot open accounts with this broker.

How can I change my password?

Youcan change your password by logging into your account and going to the"Profile" section. Then, click on the "Change Password"button.

What account types do they offer?

Thebroker offers five accounts — Micro, Rookie, Pro, ScalpX, and Expert.