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Pro Capital Markets Scam Broker Review
Pro Capital Markets is a Forex and CFD broker which is an offshore broker situated in Saint Vincent and the Grenadines. This broker is not regulated with any renowned regulating authority in its country. Also, many reviewers have told us that the exact physical address of the broker could not be determined.
About Pro capital Markets
Pro Capital Markets does not offer multiple accounts like those offered by other brokers. You only have one option to choose as a trading account.
The thing which we did not like about Pro Capital Markets is the unavailability of ample information about the trading conditions by the broker. There is no information provided by the broker on minimum deposit required to trade with the broker. This information is really important so that a trader knows the minimum amount before he signs up with the broker.
Pro Capital Markets does not offer a nice trading platform which has all the features required by a trader to trade smoothly. Moreover, it does not offer a Meta Trader platform which is a benchmark in the trading industry for expert trading.
Pro Capital Markets offer very few options for payment which are Visa and Mastercard only. Also, very little information is provided about the payment methods. This makes traders suspicious about the legitimacy of the broker’s operations.
Pro Capital Markets say that they allow a leverage of more than 1:200. Trading with so much leverage is highly risky. Products offered are Forex, CFDs on Commodities, cryptocurrencies and Indices.
Is Pro Capital Markets a scam or legit?
We do not recommend trading with the broker Pro Capital Market. The broker is not licensed with any recommended regulating authority in its area. This is one of the biggest factors to decide the legitimacy of operations of a broker. One can trust a properly registered broker to a great extent but here the case is different.
Moreover, this broker has an unusual fee and other trading conditions on withdrawals and deposit conditions. Lack of information about the minimum deposit, trading platforms and trading accounts also indicates that Pro Capital Markets is a scam broker. There are ample complaints about this broker which can be seen in different forums and pages on internet.
So we recommend not to trade with Pro Capital Markets broker and better trade with brokers regulated by trusting financial regulation authorities like CySec in Cyprus, ASIC in Australia and FCA in the UK.