PRtrend is a relatively small fish for personal traders, but has made quite a name for itself with retail traders, however big or small their volume may be. One big plus for beginners is the fact that there are cents trading accounts. We always advise novices to start small and this account offers ample opportunity. Another big plus which is certainly worthy of a mention is the PRtrend bonus program of up to 25% on deposits. PRtrend is primarily an MT4 Broker and offers a variety of trading account types for every type of trader.
Due to the technical issue, information was not updated in your terminal. Also, on your email address PRtrend Dealing department has provided server logs, where are displayed order’s closure request from your account, and order’s further execution. The Forex trading community has a wide diversity of traders, and while the options with PRtrend are smaller than many other brokers, there should still be something to suit most. Simple and free market scanning tool is available online and as a plugin for MetaTrader, Autochartist is one of the most popular tools employed by traders worldwide. Provides technical analyst research which uses pattern recognition to help investors with decision-making. This service is provided only for 6 currency pairs – AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF and USD/JPY. Traders with approved accounts have access to 4 analytical tools through their Client Area, but only one of the tools is unique and exclusive to PRtrend clients.
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. This is because the payment method which you use to fund your account may accrue a fee.
With PRtrend, the minimum and maximum trade requirements vary depending on the trader and the instrument. As PRtrend offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. Below we give an overview on the account types that PRtrend offer. Whatever you are looking to trade the varying PRtrend account types will be able to provide you with what you need.
PRtrend accepts various payment methods for account funding and withdrawals. PRtrend offers promotions, including a monthly contest, with opportunities to win up to $400. There is also a 100% deposit bonus as well as a 50% cashback programme. These are subject to certain trading requirements so make sure to check these in the terms and conditions. Commission-free trading is offered prtrend reviews in the Cent and Classic accounts, but fees are charged at $8 per lot in the Pro STP account and 10 cents per lot in the Cent NDD account. Swaps are also applied automatically during rollover periods, which are tripled from Wednesday to Thursday. PRtrend are considered safe as they are regulated by and checked for conduct by the British Virgin Islands Financial Services Commission .
Also, client funds are segregated from the brokerages funds to further protect the client in the event of broker insolvency or fraud. All in all, PRtrend is a safe, reliable, and fair online trading brokerage. This is a certified financial markets research firm that provides news and expert technical analysis on a number of trading instruments. I have been trading with PRtrend for a few months now and I have not Foreign exchange autotrading experienced any problems to date. Deposit and withdrawal is quite a simple and pain-free process, as is the account ID verification process. Not sure that I agree with statements claiming “scam” and “cheaters” as others have posted on this forum, but that is just my experience to date. Good range of account types to choose from, including Cent accounts and PAMM, stable server , and a good range of symbols to trade.
PRtrend customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go. You can trade a wide variety of instruments with PRtrend over 100 instruments infact. The FAQ section gives the answers to pertinent questions normally asked by prospective clients. PRtrend is on social media; Facebook, YouTube and Instagram.
The broker also offers forex analysis via Trading Central and FX Street. The BVI is a British Overseas Territory and therefore operates offshore supervision of financial services companies. Typically, it’s not compulsory for brokers under this jurisdiction to segregate client funds. Nonetheless, PRtrend does claim to hold client funds in a segregated account and also claims to undertake annual audits by a Big Four accounting firm. PRtrend offers funding via Neteller, Skrill, WebMoney and bank cards. All deposit and withdrawal methods are processed instantly, apart from bank card withdrawals, which take 1 – 6 working days.
For the Cent and Cent NDD accounts; the fixed spread starts from 2 pips, trades are executed instantly and no commissions are charged. For the Classic and PRO STP accounts, the floating spreads start from 0.1 pips. The trades are executed at the market and commissions are charged. PRtrend states clearly that its service is not available for US, Japan, Canada, Australia and European Economic Area residents. This makes them a very limited option when compared to many other online brokers. Some PRtrend broker features and products mentioned within this PRtrend review may not be available to traders from specific countries due to legal restrictions. I’ve been trading on PRtrend for over a year and had no complaints about deposits or WD.
Anglo-Dutch Big Four accounting firm KPMG audits the accounts of PRtrend. While this multi-asset broker accepts clients from most countries, it has a distinct focus on Asia. Traders are get to choose either a Cent, Classic, Cent NDD or Pro STP accounts for trading with instant and market execution. Trading accounts can be denominated only in US dollars or Euros, there are no other options of base currency for any of the accounts.
You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with PRtrend. MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The user-friendly nature and flexibility of MetaTrader puts it ahead of other proprietary trading platforms, almost in all tests. PRtrend offers both the industry standard and latest trading platforms including MetaTrader 4 and MetaTrader 5. These two are the leading and most widely used trading platforms on the market and are extensively used by professional traders. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers.
A demo account is an account offered by some trading platforms, which is funded with virtual money. This allows a potential client to experiment with the trading platform and get familiar with its various forex broker prtrend features, before deciding to set up a real account. PRtrend offers over 150 tradeable instruments which include several currency pairs, indices, stocks, commodities as well as cryptocurrencies.
Every one of the trading programs might be traded out of 1 account at precisely the equal moment. The program might be downloaded and installed via the Google Play Store and also the App Store with powerful computer software for all apparatus. forex The mobile program features proprietary technology that permits users to get into the economic stores across the clock. PRtrend has a great repuation and a strong range of financial instruments for traders to benefit from.
STP PRO is a professional type of account that provides end-to-end processing of applications. With over 20 Million Trading accounts opened, 12 Industry awards, 8 Languages supported,13 Years in the market, PRtrend is today trusted by traders across the globe. As you will find out, there is a lot to like about the broker even though they may not be regulated, seeing as they operate offshore.
I spoke with my credit card company twice and they state that there is no reason why the transactions should not be going through as other smaller amounts have been withdrawn before. They state that there is no such thing as a payments department that PRtrend is referring to. The other payment and withdrawal methods Skrill, Neteller and Webmoney do not offer their services to Canadians or do not allow merchant transactions for Canadians. Even outside of this if money can be deposited with a credit card it should just as easily be able to be credited to that same credit card.
However, they do not provide adequate educational resources, and their regulation is limited. PRtrend provides their traders with the most popular and best online forex trading platform of all time, MetaTrader 4 . The MT4 trading platforms available to traders include the downloadable desktop MT4 platform, the web based MT4 Web trading strategy Terminal platform, and the mobile MT4 trading platform. All MT4 trading platforms have been intuitively designed to provide a seamless trading experience for all experience levels of traders. The platforms allow traders to participate in automated trading with advanced algorithmic trading strategies called Expert Advisors .
The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card. All in all, PRtrend is one of the preferred choices for a forex broker if you look for flexibility in trading conditions and an advanced platform in Social Trading. Also, the remaining Cent Account offers an interesting option even for experienced traders who look for spare accounts to try out new strategies. Nevertheless, it is not highly recommended for trading with big money as the company is registered in an offshore jurisdiction.
Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider. learn more 67% of retail investor accounts lose money when trading CFDs with this provider.