ANSWER Traders-Pros is an unlicensed broker and should be avoided at all events. Traders-Pros claims to be regulated by the Global Financial Authority (GFA) under the license No.1827G672 and subject to GFA's instruction guidelines and strict regulation rules. However, we've never heard of a financial regulator named GFA, making the picture discredited and suspicious. In addition, we found that the domain of GFA was just created in 2020. In short, GFA is not an authentic regulatory authority, let alone enacting instruction guidelines and strict regulation rules for brokers engaging in forex industry. So Traders Pros is currently not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. We would recommend traders to stay away from unregulated brokers like Traders-Pros and trade with licensed brokers.
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