TradePro Capitals Advantages:
Leverage up to 1:500
While attractive due to the greater potential return but higher leverage comes with more risk. Therefore, it came as no surprise that European regulatory authorities (including FCA in the UK) reduced the maximum leverage permitted for foreign exchange transactions down to 1:3 even though similar restrictions had been in place in other countries such as Japan as well as the USA. It makes Australia as the only hub for regulation that allows higher leverage permitted. If you’re enticed by the leverage ratio of 1:500 provided by TradePro Capitals, you can look up the list of brokerages who are regulated in Australia:
35 currency pairs, and lots of CFDs
In addition to the many CFDs that are based on 11 indices including silver, gold as well as oil. TradePro Capitals offers 36 currency pairs, some of which are exotic, such as USDMXN, USDNOK, USDPLN, USDSEK, USDSGD and USDTRY.
Also, we have come across several CFDs based on crypto coins such as Bitocin, Ethereum, Litecoin, Dash, Monero and Ripple If you’re really keen on trading in cryoto asset we suggest you look at out our listing of broker trading CFDs on bitcoin:
Start trading with only 10 USD
It is a huge benefit, as the majority of brokers will require you to put down at least 250 USD. Yet, some major brokers such as FBS and IG don’t have a the minimum deposit requirements in addition.
Competitive spreads
The spreads for the new accounts are stated to begin at 1 pip, which is great. This is exactly what we saw when we tried our experience on the TradePro Capitals trading platform with an account demo – the benchmark EURUSD spread was floating around 1 pip, or 1,1 pip. However, you can look up for brokers on our listing which offer spreads with a tighter spread:
MetaTrader4 supported
MetaTarder4 is certainly the most used trading platform available and has been so since the last 10 years or more. It has a great charting software, numerous indicators for markets, and even customizable trading robots, that will allow you to run automated trading sessions. Also, look through the list of brokerages that support the MT4:
TradePro Capitals Disadvantages:
Tradepro Capitals say that they are controlled, however they’re not.
Tradepro Capitals is owned and managed through Tradepro Capital Markets Limited – which is a company that was founded within St. Vincent and the Grenadines which claims to be controlled. This sounds great, but the reality is that the authorities of St. Vincent and the Grenadines are not able to regulate international forex or CFD broker (the regional financial regulator oversees solely commercial banks).
In essence, Tradepro Capitals is not regulated and the security of your money is not guaranteed.
If you are trading with a broker that is regulated by, say, that of the Financial Conduct Authority (FCA) in the UK or it is the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) you can rest assured due to the oversight that is exercised by these authorities.
In addition, if your broker is licensed by CySEC as an example you will be covered for up to 20 000 EUR and with an FCA licensed broker, your insurance will be fifty thousand GBP. Check out our listing of FCA accredited brokers:
Bonuses on trading are available
This may not appear to be an issue on the surface however it actually is. This practice is extremely controversial and is illegal across Europe and across other markets that are also regulated. The reason is straightforward the fact that bonuses for trading are always tied to a minimum trade volume requirementthat you have to meet prior to when you can withdraw.
No information regarding payment methods
The majority of brokers accept payment through VISA and MasterCard and bank wires various e-wallets, such as Neteller and Skrill as well as cryto coins. Here you could look through the list of brokerages that accept bitcoin payments:
Conclusion:
While the trading conditions may appear to be less bad for TradePro Capitals, you should not overlook the fact that they are another offshore broker that is not regulated and offering customers trading bonus offers. Here is our standard recommendation: only deal with brokers who are regulated by trustworthy institutions such as FCA for the UK, CySEC in Cyprus or ASIC in Australia.
| Tradepro Capitals Summary | |
|---|---|
| Tradepro Capitals Details | Information |
| Regulators | |
| Country | |
| Base Currencies | USD |
| Type Of Brokers | STP |
| Trading Platform | Mobile, MT5 |
| Established Year | 2018 |
| Website Language | English |
| US Clients | |
| Tradepro Capitals Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.1 |
| Commission | |
| Fixed Spreads | |
| Tradepro Capitals Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Skrill |
| Acc Withdrawal Methods | Skrill |
| Tradepro Capitals Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| Tradepro Capitals Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:500 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | $100 |
| Islamic Account | |
| Tradepro Capitals Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| Tradepro Capitals Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +447418470665 |
| support@tradeprocapitals.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | Unit 2 Prince Mead Place,Trafford Park,Manchester,M17 1PN, United Kingdom |
