ProTrade24 doesn't disclose any details regarding its regulatory status. The lack of necessary licenses is a scam indicator.


While it claims to be located in the UK, the platform fails to obtain the authorization from the Financial Conduct Authority (FCA). Therefore, the company is providing financial services out of the UK illegally.

In addition, the Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the online trading platform ProTrade24, a platform conducting banking business and/or providing financial services without the required authorization.

In essence, ProTrade24 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
ProTrade24 appears to be a scam.
ProTrade24 doesn't disclose any details regarding its regulatory status. The lack of necessary licenses is a scam indicator.While it claims to be located in the UK, the platform fails to obtain the authorization from the Financial Conduct Authority (FCA). Therefore, the company is providing financial services out of the UK illegally.In addition, the Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the online trading platform ProTrade24, a platform conducting banking business and/or providing financial services without the required authorization.In essence, ProTrade24 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.ProTrade24 appears to be a scam.