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The WikiFX Score of this broker is reduced because of too many complaints!

Prorods

United Kingdom|2-5 years|
Regulated in Australia|Suspicious Regulatory License|Suspicious Scope of Business|Australia Appointed Representative(AR) Revoked|Suspicious Overrun|High potential risk|

https://www.prorods.com

Website

Rating Index

Contact

support@prorods.com
https://www.prorods.com
11E CAPITAL HOUSE 61 AMHURST ROAD,LONDON,UNITED KINGDOM E8 1LL
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Prorods Limited

Company Abbreviation

Prorods

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 7
Previous Detection : 2023-12-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 42 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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    Prorods · Company Summary

    General Information & Regulation

    Prorods was established in the United Kingdom 2015, and in 2016, it set up cloud servers in the UK, US and HK. In 2017, Prorods set up European service center in Spain and Asia service center in Malaysia next year. From the year of 2019 to 2020, this company opened Africa, and North America service centers. PRORODS PTY LTD holds an Appointed Representative license from the ASIC in Australia, with its regulatory license number 001292774.

    Market Instruments

    Prorods provides global traders with more than 200 types trading products in currencies, metals, commodities, indices, shares and cryptocurrencies.

    Minimum Deposit

    Prorods offers two accounts for forex trading: Standard and Prime. However, the minimum initial deposit requirements are not disclosed.

    Leverage

    The maximum trading leverage offered by Prorods is up to 1:500, relatively high. Since leverage can amplify returns as well as losses, it is essential for traders to choose the proper amount.

    Spreads & Commissions

    Prorods claims that spreads on its platforms are as low as 0.0 pips. spreads differ depending on different trading accounts. The spread on the EUR/USD pair is 1.3 pips, with no commissions charged. The spreads in the ECN account start from 0 pips, involving certain commissions.

    Trading Platform Available

    When it comes to trading platform available, Prorods offers its traders not the famous MetaTrader platform, instead their propriety platform, which users can download it on the Google Play and App Store.

    Deposit & Withdrawal

    Deposit and Withdrawal methods are missing on the Prorods website, not sure what kinds of payment methods it support.

    Customer Service

    The Prorods customer support can be only reached through email. Telephone and live chat are unavailable.

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    Comments

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    FX1193943045
    more than one year
    Don't come, this dealer who kills thousands of dollars doesn't give money at all, and shamelessly asks you to pay more to withdraw money. My large sum of 5,000 US dollars is still tightly held by them, and I have to pay a 20% withdrawal fee. I was really blind and was cheated by them.
    2022-12-20 11:55
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