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Properfly

United States|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.properfly-limited.com/en/index.htm

Website

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Contact

support@properflylimited.com
https://www.properfly-limited.com/en/index.htm
DENVER 4610 SOUTH ULSTER STREET 150 SUITE

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

Properfly Limited

Company Abbreviation

Properfly

Platform registered country and region

United States

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0555487) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Properfly · Company Summary

Information Details
Company Name Properfly
Registered Country/Area United States
Founded Year Within 1 year
Regulation NFA
Trading Platforms MetaTrader5 (MT5)
Tradable Assets Forex, indices, commodities, CFDs, cryptocurrencies
Demo Account Available
Customer Support Email: support@properflylimited.com
Educational Resources Blog, Trading Guide, Glossary

Overview of Properfly

Properfly is broker based in the United States that offers a diverse range of trading instruments, including forex, indices, commodities, CFDs, and cryptocurrencies. The absence of detailed information about account types, spreads, commissions, and deposit/withdrawal methods limits traders' ability to make informed decisions. Properfly provides the MetaTrader5 (MT5) platform and offers educational resources such as a blog, trading guide, and glossary to support traders in their journey.

basic-info

Regulation

With regard to regulation, Properfly is registered with the National Futures Association (NFA) and holding a Common Financial Service License, with License No. 0555487.

regulation

Pros and Cons

Properfly offers several advantages to traders. Firstly, they provide a diverse portfolio of trading instruments, including forex, indices, commodities, CFDs, and cryptocurrencies. This wide range of options allows traders to explore different markets and capitalize on various opportunities. Secondly, Properfly offers the popular MetaTrader5 (MT5) trading platform, known for its user-friendly interface and advanced features. The platform enables traders to access their accounts from multiple devices and trade seamlessly. Additionally, Properfly provides educational resources such as a blog, trading guide, and glossary, which can help traders enhance their knowledge and make informed trading decisions.

The major downside lies in the limited information available on account types, spreads, commissions, and deposit/withdrawal methods. This lack of transparency can make it challenging for traders to assess the overall cost of trading and determine the most suitable account options for their needs.

pros
Pros Cons
Diverse portfolio of trading instruments Limited oversight and transparency
Access to various markets including forex, indices, Potential risk of fraud or misconduct
commodities, CFDs, and cryptocurrencies Limited information on account types
User-friendly MetaTrader 5 (MT5) trading platform Absence of specific information on spreads/commissions
Educational resources (blog, trading guide, glossary)

Market Instruments

At Properfly Limited, we pride ourselves on offering a diverse portfolio of instruments to cater to all types of traders. With over 60+ different instruments available on our trading platform, you'll have access to a wide range of markets. From forex and indices to commodities, CFDs, and even cryptocurrencies, we've got you covered. Whether you're an experienced trader or just starting out, our extensive instrument selection ensures you have plenty of options to explore and capitalize on market opportunities.

products

Account Types

Properfly, unfortunately, does not provide detailed information regarding the types of trading accounts available. As a potential trader, it is important to have a clear understanding of the account options offered by a broker. Different account types often come with varying features, benefits, and trading conditions tailored to meet the diverse needs and preferences of traders.

The absence of specific information about account types from Properfly can be a drawback for traders, as it limits their ability to make an informed decision regarding the most suitable account for their trading strategies and goals. Without clear details on account options, traders may face challenges in assessing factors such as minimum deposit requirements, leverage ratios, commission structures, and additional features provided by each account type.

How to Open an Account?

To open an account with Properfly, please follow the steps below:

1. Visit the official website of Properfly at https://www.properflycrm.com/.

2. Click on the “Open Account” button, usually located prominently on the homepage.

open-account

3. You will be directed to the account registration page. Fill in the required information accurately and completely. This may include personal details such as your name, email address, contact number, and residential address.

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4. Choose the type of account you wish to open. Properfly may offer different account options tailored to various trading needs, such as a standard account or an ECN account.

5. Agree to the terms and conditions of Properfly. Then complete the verification process. This typically involves providing necessary identification documents to verify your identity and comply with regulatory requirements. The specific documents required may vary depending on your jurisdiction and the regulations in place.

6. Proceed to fund your trading account. Properfly usually provides multiple deposit methods, such as bank transfers, credit/debit cards, or e-wallets.

Once your account is funded, you can log in to your trading account using the provided credentials and start exploring the platform and trading the available instruments.

Spreads &Commissions

Properfly, unfortunately, does not provide specific information regarding spreads and commissions. Spreads and commissions are crucial factors for traders to consider as they directly impact trading costs and profitability.

The absence of detailed information on spreads and commissions from Properfly makes it challenging to assess the overall cost of trading with the broker. Spreads refer to the difference between the buying and selling prices of an asset, and commissions are additional fees charged by brokers for executing trades.

Having transparency about spreads and commissions allows traders to evaluate the competitiveness and cost-effectiveness of a broker's trading conditions. It helps traders understand the expenses associated with their trades and make informed decisions regarding the most suitable trading strategies.

Trading Platform

Properfly Limited offers a state-of-the-art trading platform known as MetaTrader5 (MT5). Renowned as one of the most trusted platforms in the world, MT5 provides traders with a secure and reliable environment for conducting their trading activities.

With MT5, traders have the flexibility to access the platform through the Web Trader interface, which allows them to trade directly from their web browser without the need for any software installation. Additionally, MT5 offers a user-friendly smartphone app, enabling traders to engage in trading activities on the go.

One of the key advantages of MT5 is its seamless synchronization across all devices. This feature ensures that traders can access their trading accounts and monitor their positions from any device, be it a computer, tablet, or smartphone. MT5 empowers traders with the freedom to trade anytime and anywhere. The platform's versatility and accessibility make it an ideal choice for both novice and experienced traders.

trading-platform

Customer Support

If you ever need to get in touch with Properfly Limited, you can reach them at their office located at 4610 South Ulster Street, Suite 150, Denver, United States. Whether you have questions, concerns, or require assistance, their physical address provides a point of contact.

For electronic correspondence, you can also contact Properfly Limited via email at support@properflylimited.com. This email address is designated for support inquiries, ensuring a direct line of communication for any assistance you may need. Feel free to reach out, and the Properfly team will be happy to help.

customer-support

Educational Resources

Properfly provides a range of educational resources to support traders in their journey. Here are some of the educational resources offered by Properfly:

1. Blog: Properfly maintains a blog where traders can access informative articles, market analysis, trading strategies, and insights into various financial markets. The blog is regularly updated to provide valuable information and keep traders informed about market trends and developments.

2. Trading Guide: Properfly offers a comprehensive trading guide that covers essential topics and concepts related to trading. This guide is designed to help both beginner and experienced traders enhance their knowledge and understanding of the financial markets. It may include topics such as technical analysis, risk management, fundamental analysis, and trading psychology.

3. Glossary: Properfly provides a glossary that explains key terms and terminology used in the trading and financial industry. This resource is particularly useful for traders who are new to the markets and want to familiarize themselves with the commonly used terms and concepts.

By offering these educational resources, Properfly aims to empower traders with the knowledge and skills necessary to make informed trading decisions. Traders can utilize the blog, trading guide, and glossary to expand their understanding of the markets and improve their trading strategies.

Conclusion

In conclusion, Properfly offers traders a diverse range of trading instruments and access to the popular MetaTrader 5 platform, enhancing their trading experience. The educational resources provided by Properfly can also be beneficial for traders looking to expand their knowledge and improve their strategies. However, the limited information on account types, spreads, commissions, and deposit/withdrawal methods can hinder traders' ability to make informed decisions.

FAQs

Q: What are the risks of trading with an unregulated broker like Properfly?

A: The risks of trading with an unregulated broker such as Properfly include the absence of oversight, limited investor protection, potential fraud or misconduct, and uncertainties regarding financial stability and ethical standards.

Q: Can I trust Properfly with my funds?

A: It is not advisable to trust Properfly with your funds due to the lack of regulation, which raises concerns about the broker's financial stability and transparency.

Q: What are the advantages of Properfly's diverse instrument portfolio?

A: Properfly's diverse instrument portfolio offers traders a wide range of options in various markets, including forex, indices, commodities, CFDs, and cryptocurrencies, enabling them to capitalize on different market opportunities.

Q: Does Properfly provide detailed information about their account types?

A: No, Properfly does not provide specific information about their account types, which can make it challenging for traders to make an informed decision based on their trading strategies and goals.

Q: What trading platform does Properfly offer?

A: Properfly offers the MetaTrader5 (MT5) trading platform, which is renowned for its reliability and security.

User Reviews

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DuPonter
more than one year
I gotta keep it real about Properfly. The website's got some issues – couldn't find crucial info about accounts, spreads, and deposits. That's a red flag. Even though they're registered with the National Futures Association and got a license, the lack of transparency on the important stuff raises concerns. It's like they're playing hide and seek with the details. Without clear info, it's tough for traders like me to know what we're getting into. Better options out there if you ask me.
2023-12-07 13:40
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0
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Penelope Zenobia Harrington
more than one year
I've had a mixed experience with Properfly. On the positive side, they offer a diverse range of trading instruments, including forex, indices, commodities, CFDs, and cryptocurrencies. The MetaTrader5 (MT5) platform is solid, providing a secure and reliable trading environment. The educational resources, like the blog and trading guide, are helpful for traders looking to enhance their skills. However, the lack of detailed information on account types, spreads, commissions, and deposit/withdrawal methods is a significant drawback. This limited transparency makes it challenging for traders to assess the overall cost of trading and choose the most suitable account options.
2023-12-06 14:13
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0
0
echo8249
more than one year
I've been trading with Properfly for a few months now, and I must say, their diverse range of trading instruments is impressive. I can easily explore different markets like forex, indices, commodities, CFDs, and cryptocurrencies all in one place. The MetaTrader5 platform they provide is user-friendly and offers advanced features that enhance my trading experience. I also appreciate their educational resources, especially the blog and trading guide, which have helped me improve my trading strategies. Overall, Properfly has been a great choice for me.
2023-06-25 13:50
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0
0
can
6-12months
cheating company
2023-06-14 14:33
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0
0
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