ProtraderAI Review: Let us Tell You Everything You Need to Know
In our ProtraderAI review, we present you a scammer from an unusual place. We bet you never heard of a broker located on the Isle of Man, and this scammer is exactly that. It does not have a license nor does it have an enticing offer, which makes uncovering its scam a piece of cake.
Come with us and let’s take a deep dive into ProtraderAI’s shady activities.
|Reliable Broker Must Have
|GEL Holdings Limited
|Transparently displayed in the disclaimer or legal documents
|Within your legal jurisdiction – local regulator
|Isle of Man
|Your country or the country whose license applies in your legal jurisdiction
|The older the domain – the higher the possibility the company is trustworthy
|Domain should be from local or international zones, no .xyz, etc.
|Financial Authorities Warnings:
|Isle of Man FSA, OSC
|Email: [email protected]
|Phone, email, social media, web form
|Is withdrawal possible:
|Transparent fees – list of spread and commissions
|If Active on Social Media:
|Often present on social media
The most essential item every broker must have if you are to trust them is a license. ProtraderAI is part of GEL Holdings Limited, located on the Isle of Man. Their location might throw you off, as you might not know where to search for ProtraderAI’s license, but it is very easy.
The Isle of Man has its own regulator – the FSA, and you can check their register without much hassle. However, you will not find ProtraderAI or GEL Holdings Limited there, as they are 100% unregulated.
Found on protraderai com, this broker shows signs of a scam from the moment you see their website. Firstly, they have a proprietary platform, which is always a cause for concern. Those can be easily manipulated and used to trick traders into thinking they are achieving big gains, while nothing could be further from the truth.
The account section is what really uncovers ProtraderAI and its true intentions. Traders can choose between eight types, including:
- Basic – $2,500
- Student – $10,000
- Bronze – $25,000
- Silver – $50,000
- Gold – $100,000
- Platinum – $250,000
- VIP – $500,000
- Member – $1,000,000
The initial investment should not be high at all. You can open an account with many brokers for as little as $1. But scammers do not have the luxury of a prolonged partnership with you, so they need to steal as much money from you in one swoop. This is the reason why they ask so much and a sign they are into shady business.
|Basic – $2,500
Student – $10,000
Bronze – $25,000
Silver – $50,000
Gold – $100,000
Platinum – $250,000
VIP – $500,000
Member – $1,000,000
|Financial Instruments On Offer:
|Forex (USD/EUR, GBP/AUD, etc.)
Stocks (Apple, Tesla, Meta, etc.)
Metals (gold, silver, aluminum, etc.)
Crypto (Bitcoin, USDT, Litecoin, etc.)
Indices (S&P 500, US100, etc.)
Commodities (cocoa, sugar, oil, etc.)
|Education or Extra tools:
Is This Broker Safe?
If it was our money, we would not invest one cent! Much like Axe Market, Protrader AI is not safe because it does not have a legitimate license. No license means significant risk and you do not need to expose yourself to more danger; the Forex market has plenty of danger on its own. When you add to that the fact that the Isle of Man FSA and OSC put them on their blacklists, you can be sure your money will not be safe with Protrader AI.
But do not lose hope in trading. We know a lot of legitimate brokers that are the complete opposites of Protrader AI. Contact us today, and we can discuss everything about starting your Forex journey the right way.
Trader Reviews – Sharing Experiences
Unfortunately, we did not find many trader reviews about Protrader AI. We found some on a forum and they were not too flattering.
One Protrader AI victim said:
“It is a big loss. (You) make money, but when you want money, they steal your money and change the balance and then prevent you from withdrawing. On the surface they say go ahead, take it, but by tricking the system, you are not able to take it.”
How Does the ProtraderAI Platform Reach Clients and Who Are They?
Since there are very few user reviews online, we could not precisely determine where the broker operates the most. ProtraderAI is mostly anonymous, so we did not find any social media profiles in their name, leading us to believe they do not contact people through those channels.
But beware of any ProtraderAI ads or email campaigns. You should not engage with their ads and do not click on anything you find in their email if they send you one. This is 100% a trap and you stand to lose a lot of money if you get into business with them.
Deposits and Withdrawal Methods
If you were looking for a comprehensive list of deposit and withdrawal methods at Protrader AI, we are sorry to disappoint. The broker did not disclose any information on acceptable payment methods, potential fees, or trading volume requirements, which is yet another sign of a scam.
Reasons To Avoid This Company
We could talk all day about the reasons to skip ProtraderAI, but for the sake of this review, we will keep it short. ProtraderAI is similar to Motion Markets in that they are both blacklisted by Forex regulators. The lack of a license is always alarming but official warnings are even more so and they are definitive proof a broker is up to no good.
The ProtraderAI’s trading environment is not even a topic for discussion as engaging in any activity with this scammer would only lead you to losing money. Instead, we advise you to find a more reliable broker that can actually offer you great conditions for trading, while keeping your funds safe at the same time.
Our Safe Trading Experts’ Opinion of ProtraderAI
At the end of our ProtraderAI Review, we hope you have a clearer picture of what dangers this broker poses. They are unregulated and there is no benefit to engaging them as a result. However, there are plenty of reliable brokers out there, just waiting for you.
So send us an email today and we can advise you for free on how to start your trading adventure!
Is ProtraderAI Legit?
No, ProtraderAI is not legit. They do not have a license, making them extremely dangerous.
How do I get into Forex trading?
Firstly, you should become knowledgeable about the market. Learn what you can trade, how trading works, and how to do it safely. After that, you should find a reliable broker to partner with, and this is where we come in. Contact us, and we will provide you with a free consultation where we work together to find you the perfect broker for your needs.
How can you help me find a good broker?
The most important service we do for you is personalizing our recommendations. When you come to us, we consider everything – your needs, skill, budget, etc. and then form a list of what we think are the best brokers for you. And the best thing of all is that our consultations are completely free.