PRtrend Reviews

PRtrend offers a total of 291 tradeable instruments across its Australian, Cyprus, and Seychelles-based entities. The following table summarizes the different investment products available to PRtrend clients. We uploaded our PRtrend review video on youtube and we got different comments from people who say that PRtrend is a Scam Broker.

This broker will process any withdrawal requests received after that time during the following business day. The name on the payment processor must match that of the PRtrend trading account, as stipulated by AML requirements. Some payment processors do not allow the withdrawal amount to exceed the deposit amount, and traders must withdraw excess capital via bank wire or another supporting method. PRtrend, at its discretion, may ask traders to supply additional documentation like deposit receipts or credit/debit card statements. Demo accounts fulfill an essential role in the automated trading scene, where they serve a defining role in the development process of new trading solutions. FinTech companies and independent developers require adequate testing capabilities to test autonomous trading solutions, identify bugs, and adjust.

Key PRtrend Features

International Capital Markets has clients all over the world and offers great customer support 24/5 through live chat, online help, a comprehensive FAQ section, phone hotline and email. PRtrend spreads are market leading with prices streaming from over 50 different banks and dark pool liquidity sources. Low latency servers in an enterprise grade True ECN trading environment means you will always be trading on the best available price. Spreads can go as low as 0.0 pips on our Metatrader 4, Metatrader 5, and cTrader True ECN platforms. PRtrend True ECN offering and large product range are included across all account types.

That is absurd, and such rules must be outlawed as soon as possible. It takes away the fundamental civil right of any trader who wishes to register with PRtrend. A non-specialist would find it impossible to decipher among the three. If a broker is so lethargic even to decipher the account name correctly, what else do you expect from the services rendered by it? Clarity on these sensitive and pivotal properties is the case of utmost importance. The broker does not seem to be making any effort to show up the features it has.

PRtrend Trading Platforms

When you get an account, make sure to save your passwords in a secure place so that it cannot be stolen. Following this, contact PRtrend, who will take prompt attention.

We estimated the level of commission for BTC trading as low, and altcoins as average in the prtrend website market. As an example, we will use the purchase of cryptocurrency for the amount of $2,000.

A few intermediary fees may be charged in the processing route. 75% of retail forex investor accounts lose money when trading CFDs with this provider.

There are three main account types that are featuring the same compatibility and power provided by the company, yet are designed to meet the expectations and needs of different trading styles. Two first account offering raw spread condition and commission charge per trade also offering either MT4 platform of cTrader for your selection. The next step is choosing the configuration of your live account, such as trading platform, account type and base currency. Pay attention here, because the level of commissions, options and market availability depends on your choice of the platform and account type. In particular, stocks are available only on MT5, and cryptocurrencies only on MT4. You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account.

What Are PRtrend’s Spreads & Fees?

PRtrend provide a large array of resources for learning and education. Their Demo account lets beginners practice and learn on the go. PRtrend can let you reduce risks as much as possible while executing orders. This is done by allowing you to set limits as close to the market price as possible. Hence, we suggest that if you want negative balance protection, PRtrend is not your best option. CFDs more on a margin amount that is needed to occupy a certain position in the market.

Histograms and other charts based on the economic calendar will be able to forecast the market conditions shortly. When you are using Fundamental Analysis, you can also use these indicators from the market to be able to make key decisions. These may include deciding when to step away from the trade, when to postpone trade, and when to carry on complete trading. When you foresee an economic downtrend, you can choose to minimize your losses by buying or selling at appropriate market prices. If you hover over the specific lines, it will give you estimates as to the profit and loss of each point on the chart. On the dashboard are also popular indicators like the moving average. There are also oscillators like the relative strength index and the stochastic oscillator.

PRtrend Trading Accounts Offered

If you are not concerned about the spread cost, the standard account should suffice. If you want the tightest spreads possible and the best bid/ask price quotes, you may wish to consider the raw spread account. PRtrend has an average execution speed of under 35ms with a low latency fibre optic cross-connect to LPs. The order matching engine located in the New York Equinix NY4 data centre processes over 500,000 trades for clients every day with a total US $15 billion trades processed daily by PRtrend. According to Finance Magnates, PRtrend is the largest forex broker in the world by forex volume .

As broker fees can vary and change, there may be additional fees that are not listed in this PRtrend review. It is imperative to ensure that you check and understand all of the latest information before you open an PRtrend broker account for online trading. PRtrend have a generous amount of free trading guides on their website. These forex are aimed towards new traders who are looking to learn more about trading online. The articles cover a range of topics including the different markets you can trade, market analysis, trading psychology and much more. MetaTrader 5 is the all-in-one platform for trading forex, stocks, indices, bonds, cryptocurrencies and commodities.

Trading Ideas

Tabs also include ones like account history, account information, and alerts. Here, you will find multiple market options that let you trade with MetaTrader 4. You will also find a variety of crypto markets under the cryptocurrencies. As you pick your market, on the upper left-hand side, you will see the spreads in red. Knowledge about partnerships is necessary largely for brokers. Through this, you can choose to explore brokers that offer services you may want to look at. In this case, you will benefit by knowing that the broker is affiliated with PRtrend.

• This will let you judge the market and hence, make better trading decisions.
• We would like to particularly point to the valuable video guides on working with the platform and account verification.
• It remains fully compliant with its regulators, processes trades without a dealing desk, and provides a competitive trading environment.
• Major countries PRtrend covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China.
• PRtrend have a WebTV that is presented in association with Trading Central and offers unmatched coverage on global equities, currencies and commodities.
• They are all above 4.5 stars and most of the traders are quite complimentary.

Retail traders receive raw interbank pricing for which PRtrend charges a commission to offset the costs. Therefore, spreads can be as low as 0.0 pips, and traders have access to the cTrader platform, the market leader in ECN trading. Therefore, account verification is mandatory, which includes submitting a copy of the trader’s ID and one proof of residency document. The custodian banks of PRtrend are the National Australia Bank and Westpac Foreign exchange market Banking Corporation , two top-tier Australian banks. Negative balance protection exists, ensuring traders can never lose more money than their deposit. Traders may obtain more information from the legal documents published on the website or by contacting customer support. PRtrend EU, regulated by the Cyprus Securities and Exchange Commission , serves the European Economic Area traders, but from a less competitive trading environment.

PRtrend allows clients to open an account with as little as USD $200 or currency equivalent. PRtrend is a privately owned Australian based company with headquarters in Sydney. The management power trend website team is comprised of individuals with over 20 years experience in derivate products. PRtrend founders were instrumental in the success of Australia’s largest CFD and Forex provider.

Every attempt is made to ensure information published is correct and up to date, however no guarantee or warranty is given as to its accuracy or reliability. When clicking on an “Open Live Account” button, you will have an opportunity to review the product’s terms & conditions on the provider or brokers web site. The broker rating displayed is only one factor to take into account when considering these products. Engine Forex may receive a commission, referral fee or payment from a provider when you click on a link to their brokerage firm.

PRtrend is an ASIC and CySEC regulated forex broker with solid forex trading platforms, low spreads and high leverage. The broker is a solid choice for traders looking for low fees using the MetaTrader 4 or 5 platforms. Bonuses are essential to many brokers, and some exclusively rely on them to attract new traders. There are numerous Forex brokers with attractive offers for traders with a long-term focus. They can offer traders a necessary boost during the portfolio growth stage until it can sustain desired annualized returns. Regardless of the deposit amount, some bonuses exist, which provide a genuine advantage. Rather than using incentives to attract new traders or poach existing ones from competitors with bonuses, PRtrend deploys a highly attractive all-around trading environment.