Trading Pro Review 

Category: Reviews | Author: Trading Brokers | Date: June 16, 2024

Trading is a popular activity for many people around the world, but finding the right broker can be a difficult and daunting task. Trading Pro is an online broker that was founded in 2017 and is regulated by reputable financial authorities, including the St Vincent and Grenadines Financial Services Authority and the Financial Sector Conduct Authority. It claims to offer a range of trading platforms, tools, education, markets, and account types for traders of different levels and preferences. However, not all brokers are equal, and some may have hidden fees, poor customer service, or limited accessibility. Therefore, it is essential to conduct a thorough and unbiased review of any broker before deciding to trade with them. In this article, we will review Trading Pro and provide our verdict on whether it is a reliable and trustworthy broker to trade with.

Pros & Cons

  • Access to a wide range of markets
  • Regulated by the Financial Sector Conduct Authority (FSCA)
  • Low minimum deposit
  • Quick and easy registration
  • Tight spreads
  • Lack of transparency and comprehensive information on critical aspects
  • Withdrawals taking longer than usual
  • Issues with support

Summary 

Trading Pro Review 

Trading Pro Review

Trading Pro is an online broker that was founded in 2017 and is regulated by various financial authorities. It aims to provide a reliable and diverse platform for traders of all levels. The broker’s commitment to protecting funds through segregated accounts and negative balance protection ensures a secure trading experience. With a range of funding options, quick withdrawal processing, and a strong emphasis on education, traders can enhance their knowledge and skills. The cloud-based infrastructure has robust systems, while the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms offer stability and fast execution. Trading Pro also stands out for offering tight spreads and low commissions across a variety of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. Our assessment highlights Trading Pro’s ambition to be a trustworthy broker for global trading, but as always, understanding the associated risks is crucial.


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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

TradingPro is regulated by different authorities depending on its location and jurisdiction. One of the regulatory bodies that oversees TradingPro’s operations is the St Vincent and Grenadines Financial Services Authority, which is the regulator for the non-bank financial sector in St Vincent. TradingPro International LTD is registered with SVGFSA with the registration number 24611 IBC 2018 and has its registered address at Suite 305, Griffith Corporate Centre, P.O Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Another regulatory body that regulates TradingPro is the Financial Sector Conduct Authority (FSCA) in South Africa, which is the regulator for the financial services industry in South Africa. TradingPro International (PTY) LTD is an authorized Financial Services Provider and is regulated by FSCA with the registration number 2014/202132/07 under FSP No 49624. The registered address of TradingPro International (PTY) LTD is 1276, Govant Building, Kumul Highway, Port Vila, Vanuatu 41078. TradingPro has to comply with the rules and regulations of these regulatory bodies as well as any other applicable laws and regulations in the jurisdictions where it operates.

However, as always, understanding the associated risks and responsibilities is crucial before deciding to trade with any broker. For some alternative options, please see a list of regulated brokers

Platforms & Tools

Trading Pro offers its clients the power and flexibility of two industry-leading trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), developed by the renowned MetaQuotes Software Corp., a leader in the financial software industry. These platforms offer not only a user-friendly interface but also a range of tools and features to help traders analyze the markets and execute trades.

MT4 & MT5 Platforms

MT4 & MT5 Platforms

The MT4 platform caters to traders across all experience levels and preferences. It serves as a versatile tool for trading in forex, stocks, indices, commodities, and cryptocurrencies CFDs. What sets it apart is its allowance for traders to devise and employ custom indicators, scripts, and expert advisors (EAs) for automated trading strategies. The MT4 platform can be accessed via desktop, web browser, or mobile devices, serving as the trading avenue for Trading Pro’s Rookie, Pro, Scalpx, and Micro accounts.

Advancing to the MT5 platform, an enriched iteration of MT4, it extends a broader scope of features and functionalities. Facilitating trading in forex, stocks, indices, commodities, and cryptocurrencies CFDs, MT5 grants traders access to an expanded range of order types, timeframes, indicators, and graphical objects. Notably, the platform is equipped with a built-in economic calendar, market-depth insights, and a strategy tester. Available for download across desktop, web browsers, and mobile devices, MT5 exclusively supports Trading Pro’s Expert account.

Beyond these platforms, Trading Pro enhances the trading experience with a suite of valuable tools and resources, including:

  • Trading Signals: By tapping into the MT4 and MT5 platforms, traders can gain access to complimentary trading signals curated by seasoned professionals. These signals act as guides for identifying trading prospects and tracking market trends.
  • Market News: To foster informed decision-making, Trading Pro offers the latest market news and analyses from esteemed sources like Reuters and Trading Central. This wealth of information aids traders in comprehending market movements and the factors influencing their trades.
  • Economic Calendar: A comprehensive economic calendar showcased on the Trading Pro website outlines upcoming economic events and indicators that might impact trading. The calendar’s filtering options by date, country, currency, impact, and category empower traders to fine-tune their insights.
  • Trading Calculators: Trading Pro introduces a range of calculators on its website, catering to diverse trading needs. Among these are margin calculators, pip value estimators, swap calculators, profit calculators, and currency converters. These tools enable traders to gauge trading costs and potential profits accurately.

Education

Trading Pro’s commitment to empowering traders extends to its comprehensive education segment, an invaluable resource aimed at nurturing clients’ trading acumen and confidence. This educational enclave encompasses an array of topics crucial to forex and CFD trading, including:


  • Trading Guides: Trading Pro provides a range of trading guides that cover a variety of topics, including technical analysis, fundamental analysis, risk management, and more. These guides are designed to help traders understand the basics of trading, as well as the advanced concepts and strategies that can enhance their performance.
  • Webinars: Trading Pro hosts regular webinars that cover a range of trading topics. These webinars are led by experienced traders and provide valuable insights and tips for traders of all skill levels.
  • Video Tutorials: Trading Pro offers a range of video tutorials that cover a variety of trading topics. These tutorials are designed to be easy to follow and provide step-by-step guidance on how to use various trading tools and features.
  • Glossary of Trading Terms: An essential resource, this glossary elucidates common forex and CFD trading terminology, such as arbitrage, candlestick chart, divergence, Fibonacci retracement, and more.

In essence, Trading Pro’s education segment and supplementary learning opportunities pave the way for traders to not only comprehend the complexities of trading but also to equip themselves with the skills, knowledge, and psychological resilience requisite for navigating the dynamic landscape of forex and CFD trading.

Markets

Trading Pro offers a wide selection of trading instruments across various financial markets, including forex, stocks, indices, commodities, and cryptocurrencies. These instruments are available in the form of contracts for difference (CFDs), allowing traders to speculate on the price movements of underlying assets without the need for direct ownership.

In the forex market, Trading Pro provides access to over 60 currency pairs, encompassing major, minor, and exotic options. With tight spreads and low commissions, traders can engage in pairs like EUR/USD, GBP/USD, USD/JPY, USD/NGN, and EUR/NGN, capitalizing on the world’s largest and most liquid trading arena.

The stock market broadens the horizon with over 200 stocks CFDs, enabling traders to track the performance of shares of influential companies from various sectors and industries. From global giants like Apple, Google, Microsoft, and Amazon to regional offerings like MTN Group, Dangote Cement, Zenith Bank, and Guaranty Trust Bank, Trading Pro caters to diverse trading preferences. The indices market widens the scope with over 30 indices CFDs, enabling traders to track the performance of stock groups representing specific sectors or countries. From global indices like US30, SPX500, and GER30 to regional offerings such as UK100, AUS200, and JPN225, Trading Pro offers a range of opportunities.

For those interested in the commodities market, Trading Pro offers more than 20 commodities CFDs, spanning precious metals like gold and silver, energy products such as oil and natural gas, and agricultural commodities like coffee and sugar. In the cryptocurrency market, Trading Pro extends a variety of options with over 10 cryptocurrencies CFDs. This includes digital currencies like Bitcoin, Ethereum, Litecoin, and Ripple, as well as stablecoins like Tether and USD Coin.


By providing CFDs across these markets, Trading Pro empowers traders with flexibility and diversity, enabling them to seize trading prospects while navigating asset price fluctuations without direct ownership. This comprehensive selection aligns with Trading Pro’s commitment to delivering a versatile and encompassing trading platform.

Accounts

Trading Pro tailors its account offerings to cater to a diverse range of trading preferences and styles, providing traders with a selection of distinct account types: Rookie, Pro, Scalpx, Micro, and Expert Accounts. Each account type is accompanied by unique features and conditions, allowing traders to align their trading strategy with their individual needs. Here’s a concise overview of each account type:

  • Rookie Account: Designed for traders who are new to the market or want to test their skills, this account type offers a low minimum deposit of $1 and no commission on trades. With leverage of up to 1:1000 and variable spreads from 0.0 pips, traders can enjoy flexible trading conditions. The account supports both MT4 and MT5 platforms and allows trading in forex, stocks, indices, commodities, and cryptocurrencies CFDs.
  • Pro Account: Suitable for both novice and experienced traders, this account type offers a minimum deposit of $10 and low commission of $2 per lot. With leverage of up to 1:2000 and variable spreads from 1.6 pips, traders can access a wide range of markets and instruments. The account supports both MT4 and MT5 platforms and allows trading in forex, stocks, indices, commodities, and cryptocurrencies CFDs.
  • Scalpx Account: Tailored for traders who prefer scalping or short-term trading strategies, this account type offers a minimum deposit of $50 and zero commission on trades. With leverage of up to 1:2000 and variable spreads from 0.0 pips, traders can take advantage of fast execution and tight pricing. The account supports both MT4 and MT5 platforms and allows trading in forex, stocks, indices, commodities, and cryptocurrencies CFDs.
  • Micro Account: Catering to traders who want to trade with small volumes or micro lots, this account type offers a minimum deposit of $1 and no commission on trades. With leverage of up to 1:1000 and variable spreads from 1.6 pips, traders can trade with minimal risk and exposure. The account supports only the MT4 platform and allows trading in forex CFDs only.
  • Expert Account: Suitable for experienced traders who want to access the full potential of the MT5 platform, this account type offers a minimum deposit of $200 and zero commission on trades. With leverage of up to 1:2000 and variable spreads from 0.0 pips, traders can enjoy the advanced features and functionalities of the MT5 platform. The account supports only the MT5 platform and allows trading in forex, stocks, indices, commodities, and cryptocurrencies CFDs.

Funding

Trading Pro offers a variety of payment methods for funding trading accounts and withdrawing profits:

  • Credit/Debit Cards: Visa and Mastercard enable deposits and withdrawals. Minimum deposit and withdrawal amounts are $1, with a maximum of $10,000 per transaction. Deposit fees are absent, though withdrawal fees may apply based on your bank or card issuer.
  • E-Wallets: Skrill, Neteller, Fasapay, Paytrust, PromptPay, and Walaopay support both deposits and withdrawals. The minimum and maximum transaction limits are $1 and $10,000, respectively. Deposits and withdrawals via e-wallets are free of charge.
  • Bank Transfer: Wire transfer is an option for deposits and withdrawals. The minimum deposit amount is $100, with unlimited maximum deposits and withdrawals. No fees are associated with bank transfers.
  • Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Ripple are options for deposits and withdrawals. The minimum deposit amount is $1, with unlimited maximum deposits and withdrawals. Deposits and withdrawals via cryptocurrencies are free of charge.

Conclusion

In conclusion, Trading Pro is a multi-regulated broker that offers a wide range of trading instruments, platforms, tools, and resources to cater to diverse trading preferences and styles. With flexible and competitive trading conditions, comprehensive education and support, and various payment methods, Trading Pro strives to provide a reliable and diverse platform for traders of all levels. However, it’s prudent to acknowledge that Trading Pro is not the only broker in the market, and there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

Trading Pro Logo

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Trading Pro is a dynamic online broker that entered the financial scene in 2017, aiming to provide traders of all levels with a reliable and diverse platform. Regulated by respected authorities, including the St Vincent and Grenadines Financial Services Authority and the Financial Sector Conduct Authority, Trading Pro places a strong emphasis on security and protection of traders' funds.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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Trading Brokers
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