BrokersView
Search
Download
English
Sign In

TradingPro

Save
Discover everything you need to know about TradingPro broker in 2024. Read our expert review of their trading features, fees, platforms, and customer support to help you make an informed decision.
TradingPro Review: Is It Legit or a Scam

Operating status: SCAM

Website: https://www.tradingpro.com/sg

Broker violations and abnormal records
  • 2024-10-09 BrokersView has Reviewed that TradingPro is an Unregulated Broker

    TradingPro claims to be owned and operated by TradingPro International Limited, allegedly licensed in Vanuatu under the registration number 40178, and incorporated in Saint Vincent and the Grenadines with license number 24611 BC 2018. They state they are regulated by the Financial Services Commission (FSC) of Mauritius.

    However, the Vanuatu license number doesn't exist. While corresponding records were found on the registers of the Financial Services Authority (SVG FSA) and the Mauritius FSC, the SVG FSA does not license or regulate forex trading brokerage activities. Additionally, the Mauritius FSC does not provide adequate company information for verification, including the associated website address. This makes it unclear if TradingPro is truly operating under the supposed Mauritius license. 

    As a result, whether TradingPro is properly authorized to provide financial services or products is significantly questionable. Even if they were supervised by the Mauritius FSC, it would remain extremely risky, as the offshore financial regulator provides lax supervision and minimal protections. Moreover, TradingPro offers leverage as high as 2000:1 and does not offer bank transfer for funding accounts, which raises further concerns.

    TradingPro claims to be owned and operated by TradingPro International Limited, allegedly licensed in Vanuatu under the registration number 40178, and incorporated in Saint Vincent and the Grenadines with license number 24611 BC 2018. They state they are regulated by the Financial Services Commission (FSC) of Mauritius.However, the Vanuatu license number doesn't exist. While corresponding records were found on the registers of the Financial Services Authority (SVG FSA) and the Mauritius FSC, the SVG FSA does not license or regulate forex trading brokerage activities. Additionally, the Mauritius FSC does not provide adequate company information for verification, including the associated website address. This makes it unclear if TradingPro is truly operating under the supposed Mauritius license. As a result, whether TradingPro is properly authorized to provide financial services or products is significantly questionable. Even if they were supervised by the Mauritius FSC, it would remain extremely risky, as the offshore financial regulator provides lax supervision and minimal protections. Moreover, TradingPro offers leverage as high as 2000:1 and does not offer bank transfer for funding accounts, which raises further concerns.

Related Complaints

Q&A

TradingPro keeps coming up with excuses to block withdrawals.

Raquel Sanchez
Australia
2025-07-03
ANSWER Dear investor, Thank you for contacting us. We are sorry to hear about your situation and we understand how distressed you must be. TradingPro claims to be authorised and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under licence number FSP49624. Upon investigation, we found a corresponding result on the FSCA's official website. However, it is worth noting that the FSCA does not provide adequate company information for verification, including the associated website address. This makes it unclear whether TradingPro is truly operating under the supposed FSCA licence. TradingPro also claims to be associated with TradingPro International Limited, a company which claims to be authorised and regulated by the Financial Services Commission (FSC) of Mauritius under licence number GB23202513. Similarly to the above, we found a matching result, but there is a potential risk of identity theft since the Mauritius FSC does not provide company information. Even if they are supervised by the Mauritius FSC, it would remain extremely risky, as the offshore financial regulator provides lax supervision and minimal protections. Meanwhile, on 26 June, TradingPro was added to the Financial Conduct Authority's (FCA) warning list as a fraudulent trading platform. This raises serious concerns about a potential scam. Given all the clear warning signs, we strongly advise against trading with TradingPro. If you have already incurred financial losses with this broker, we recommend reporting the issue to your local authorities. Gather all relevant evidence, including transaction records, chat logs and screenshots. You may also file a complaint on our official website here, where our team will carefully review your case and provide guidance or explore potential solutions. Please also beware of recovery scams. Fraudsters often exploit such situations by offering fake recovery services in exchange for upfront fees. Always verify the legitimacy of anyone offering assistance.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.