Protrade Options is a broker claiming to offer online CFD trading services. Its website officially launched in December 2023. The platform provides CFD trading services across various markets, including forex, stock CFDs, indices, metals, and commodities.
Company Overview
Company Name and Address
- Company Name: Protrade Options Pty Ltd
- Operating Address: 2177 5th Ave #APT 3b New York (NY), 10037
- Domain Registration Date: December 26, 2023
The platform uses the slogan "Trade CFD markets. Forex broker, shares, indices, & metals" and claims to be a broker providing forex, stocks, indices, and commodities CFD trading.
Company History and Vision
The official website claims the company was established in 2006 in the United States, providing online CFD trading services. It states that the company is dedicated to optimizing technology, offering personalized services, and enhancing customer education, with the goal of becoming a trusted industry leader for clients.
Company Vision
- To become the preferred CFD trading platform for both novice and experienced traders.
- To offer a stable trading experience with transparent pricing, low latency execution, and a reliable trading platform.
Products and Services
Trading Instruments Offered
The platform offers the following trading instruments:
- Forex
The forex market connects currency trading worldwide, offering investors diverse trading opportunities. Major currency pairs (such as EUR/USD) and cross-currency pairs (such as GBP/JPY) are common choices for traders. Its high liquidity and round-the-clock trading make the forex market a focal point for global investors. - Stock CFDs
Stock CFDs allow investors to engage in the performance of global leading companies without owning actual shares. Trading CFDs of companies like Tesla, Amazon, and Apple lets users adapt to market fluctuations and utilize leverage strategies to amplify gains or reduce risks. - Indices
Index trading is ideal for tracking the overall performance of a group of stocks. The S&P 500, Dow Jones, and Germany's DAX index enable investors to shift their strategy based on regional or industry economic trends without studying individual stocks in-depth. - Metals
The metals market offers both hedging and growth potential. Precious metals like gold and silver are frequently used to hedge against inflation or economic uncertainty, while industrial metals like copper reflect manufacturing activity levels. - Commodities
The commodities market covers energy (such as crude oil and natural gas), agricultural products (like coffee and corn), and other soft commodities (such as cotton and sugar). These asset classes not only provide portfolio diversification but also capture potential returns from macroeconomic changes.
Account Types
The platform offers two main account types: Standard Account and GU Plus+ Account. Below is a detailed comparison:
Standard Account
- Service Features: Zero commission trading, tight spreads, and fast execution speed
- Customer Support: 24/5 customer service support, dedicated account manager
- Spread Starting From: 1.0 pips
- Commission: None
- Tradable Markets: 50+ forex currency pairs, stocks, indices, commodities, and cryptocurrencies
- Minimum Trade Size: 0.01 lots
- Leverage: Up to 500:1
- Support for Expert Advisor (EA): ✔
- Free VPS: ✔ (Terms and conditions apply)
- Minimum Deposit: 200 AUD
GU Plus+ Account
- Service Features: Low spread account designed for high-volume and EA users
- Customer Support: 24/5 customer service support, dedicated account manager
- Spread Starting From: 0.0 pips
- Commission: 3 AUD per standard lot per side
- Tradable Markets: 50+ forex currency pairs, stocks, indices, commodities, and cryptocurrencies
- Minimum Deposit: 200 AUD
Additionally, the website claims to offer a demo trading account.
Trading Platform
The platform claims to support the following trading software:
- MT4 (MetaTrader 4)
- MT5 (MetaTrader 5)
However, upon verification, no Protrade Options information was found on the MT4 and MT5 platforms.
Affiliate Policy
The platform offers various affiliate and partnership programs, including:
- Promotions: Earn cash rewards by referring clients, with three reward levels:
- Tier 1: Minimum of 3 referrals, reward of $300
- Tier 2: Minimum of 20 referrals, reward of $2,000
- Tier 3: Minimum of 50 referrals, reward of $5,000
- Introducing Brokers (IB): Commission sharing, monthly reports, and marketing support for agents.
- Affiliates Program: Referral rewards for digital marketers and influencers.
- White Labels: Support for partners to build independent brands and provide platform technology support.
Educational Resources
The official website only provides basic explanations of forex trading, with no further detailed educational resources available.
Regulation Information
The website shows the following regulations:
- Financial Services Commission of Mauritius (FSC), Protrade Options Pty Ltd, company number 138949, license number GB13724991.
- Australian Securities and Investments Commission (ASIC), AFSL license number 254963.
- European Union Business Company, Protrade Options Ltd, number 586/18.
Upon verification:
- The FSC website does not show information on Protrade Options Pty Ltd, nor does it list license number GB13724991. The company with number 138949 is actually NoDo (Mauritius) Ltd.
- ASIC number 254963 belongs to GO MARKETS PTY LTD.
- The EU Business Registry has no record of company number 586/18, nor of Protrade Options Ltd's registration.
Brand Exposure and Website Traffic
- Website Traffic: According to Semrush and Ahrefs, the platform has an average monthly traffic of 0, suggesting it is nearly unused by users as of now.
- Social Media: Although the website shows icons for Facebook, Twitter, Instagram, LinkedIn, and YouTube, no related accounts are actually active.
- Company Staff Information: No public records of company employee information can be found. The website also does not provide an introduction of the management team or key personnel.
Contact Information
Protrade Options provides the following contact details:
- Email: [email protected]
- Phone: +1 (470) 980-7478
- Website Form: Available online contact form
- Online Customer Support: Live chat feature supported on the website
Conclusion
Protrade Options claims to be a broker offering forex and CFD trading, but significant doubts exist in several critical areas, including the company's legal entity, regulatory information, and the authenticity of trading platforms. Investors are advised to exercise caution before engaging with this platform.