TradingPro Review

TradingPro commenced operations from the St. Vincent & Grenadines in 2017. It presently boasts of 250 million active monthly users and claims to be adding 100,000 new users per week. TradingPro's selling proposition is its ultra-fast account approval process and its 24-hour withdrawal cycle.

I. Background and Company Overview of TradingPro

TradingPro operates a decentralized system of operations which allows it to reach its global client base from several office locations. TradingPro features a segmented trading account system that provides different trading conditions for different trading styles. Some of the features of TradingPro that prospects find interesting are:

• The presence of a PAMM account service.
• A crypto account deposit and withdrawal option that has a minimum transaction limit of $100.
• Trading cashback which is available at a rate of $1 per lot for the Rookie and ScalpX accounts, and $2 per lot on the Micoo and Pro accounts.

II. Trading Platforms and Tools

The platforms of choice for TradingPro are the MT4 and MT5 platforms. The MT4 retains the same elements that has made it a platform of choice of 99% of brokers and traders in the retail segment of the market for nearly two decades.

The MT5 is now getting more traction than ever before as traders now realize that the added ability to hedge and net their positions can produce new levels of trading not available with the MT4. Both the MT4 and MT5 platforms come in desktop, web-based and mobile app versions.

For those who want an enhanced trading experience, there are some tools provided by TradingPro for this purpose.

• An economic calendar that features the schedule of high-impact news releases.
• The MT4 and MT5 platforms feature a news bar that showcases the latest market updates.

III. Account Types and Spreads

Here are the account types you will find on TradingPro.

• Micro account
• Rookie
• Pro
• ScalpX
• Expert

The Micro account is the beginner account that is ideal for transiting from demo to live trading conditions. It comes with a $1 minimum deposit. Spreads start from 1.6 pips. It has a swap-free option and a stop out level of 10%

The Rookie account gives access to trade with variable spreads which start at 0 pips. This is a beginner-style ECN account as commissions of $3 per lot are charged on trades. It also comes with a $1 minimum deposit requirement and a stop-out level of 30%. This account is a crypto-based account, based on the USC stablecoin. You are not allowed to use certain strategies with this account type. It also has a swap-free option. Traders only have access to trade 57 assets (FX, metals and crude oil) with this account.

The Pro account offers variable spreads that start from 1.6 pips, but is a commission-free account. The minimum deposit is $10 and stop-out level is 20%. You have unlimited use of any strategy you want to trade with. There is also a swap-free option. Only 57 assets (FX, metals and crude oil) can be traded here.

The ScalpX account is for scalpers. Traders on this account can access 151 assets spreads across FX pairs, metals, energy assets, indices and cryptos. Spreads start from 0.0 pips, but commissions are charged at the rate of $3 per standard lot. The minimum account deposit requirement is $50, and stop-out level is 30%.

The Expert account has a minimum deposit requirement of $200 and spreads start from 0.0 pips. Commissions are charged at $3 per standard lot and traders can use all strategies on this account.

IV. Contract Specifications

What are the contract specifications of the assets listed for trading on TradingPro?

• The minimum trade size on TradingPro is 0.01 lots on all accounts.
• There is a maximum limit of 20 lots in terms of trade sizing on all accounts.
• Margin call and stop out levels on all accounts is set at 100% and 30%, respectively.
• You can hedge your trades on all accounts.
• Leverage is set at 1:1000 on the Spread account, and 1:500 on all other accounts (on request).
• The maximum number of simultaneous open orders is pegged at 200.

V. Security and Regulation

TradingPro serves the global market from two jurisdictions:

TradingPro International Ltd operates the TradingPro brand from St. Vincent & Grenadines. The company is registered with the International Business Commission with reg number 24611 IBC 2018.

Trading Pro International (PTY) Ltd is regulated by the Financial Sector Conduct Authority (FSCA) with FSP license number 49624.

Residents of the following countries are prohibited from accessing TradingPro's products due to local regulatory restrictions and international sanctions: USA, Australia, Japan, DPRK, France, Belgium and Iran.

VI. Customer Support and Education

TradingPro provides customer assistance and support using the following channels:

• Email: support@tradingpro.com
• Phone: +44 02032894388
• Live chat
• Twitter: twitter.com/tradingproinc
• Facebook facebook.com/tradingproinc
• Telegram: t.me/TradingProinc_bot

Conclusion

TradingPro is a good place to start if you are looking for a simplified brokerage service where you get what you want without hassling for it.