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TRXprotrade Review | A Variety of Benefits on a Single Platform or an Ordinary Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 3
TRXprotrade - logo

TRXprotrade boasts of offering a variety of benefits on a single platform, such as a wide selection of tradable assets, expert assistance, and completely secure transactions. Unfortunately, most brokers tend to fall short of their promises and end up being fraudulent. Therefore, it is crucial to examine whether this broker is transparent or if it is a scam. Read our review to know more.

Highlights

🏛️ Country UK
⚠️ Regulation
🖥️ Website https://www.trxprotrade.com/
🎲 Demo Account No
⏳ Start Time 2022
💲 Minimum Deposit €250
⚖️ Minimum and Maximum Leverage 1:100 – 1:500
⚙️ Trading Platform WebTrader
📨 E-mail support@trxprotrade.com
📞 Phone

First Impression of Trxprotrade.com

When visiting the TRXprotrade website, we are met with a rather basic design that we have seen before so many times. Despite the website presenting itself as the best broker and claiming to have won awards, it appears to be unfinished and lacking content in some areas. Besides, for some strange reasons, the platform does offer translations in English and Russian only. At first glance, it does not seem like a company that can be trusted.

TRXprotrade - website

Account Opening on Trxprotrade.com

Ah, the good old registration process – the most exciting part of trading! TRXprotrade’s registration form is no different from any other broker’s. Just fill in your personal details, contacts, and agree to the terms and conditions. Here’s the best part. You can enter any data you want. Yep, even your favorite superhero’s name or your pet’s name. TRXprotrade doesn’t care, and neither should you. We even tried using a fake email address, and guess what? They didn’t even bother verifying it.

Registration

The Client Portal of TRXprotrade is extremely basic and lacks any unique features. It only offers the bare minimum functions such as depositing and withdrawing funds, and editing personal information. The broker seems to have a strict adherence to standard procedures, with nothing out of the ordinary available. The only notable feature is a link to the trading terminal. Perhaps they take the saying “less is more” a bit too seriously.

TRXprotrade - Client Portal

Verification

TRXprotrade follows a policy on identity verification, despite not verifying customers’ email and phone numbers. To confirm their identity and address, traders can upload several documents to the Client Portal or send copies via email. To satisfy the verification requirements, you need to provide copies of your passport and utility bills or a bank statement, which may also be necessary for verifying payment data

Pros
  • Convenient uploading process.
Cons
  • The period of verification is not specified.

Trading Software

TRXprotrade’s trading platform is not award-winning, but at least they don’t claim that it is. It seems the broker tried to cut costs by not buying the rights to the mobile version. The web version is basic with no innovative features. You can place orders with ease and perform technical and graphical analysis. However, beyond that, there isn’t much more to say about this WebTrader, except that scammers prefer it for some reason.

Trading platform

Features TRXprotrade CIX Markets  InvestFW
Demo Account ✔️ ✔️
Mobile App ✔️
Own Development ✔️ ✔️

How Can I Trade With TRXprotrade?

Let’s see if the trading conditions offered by TRXprotrade have anything exciting to offer since their website is nothing out of the ordinary.

All Info About Accounts

To cut to the chase, the trading conditions offered by TRXprotrade are rather ordinary. They have six trading accounts, each with a minimum deposit and specific additional services. As you might expect, most of the services are reserved for VIP account holders, who need to deposit 40,000 euros. The beginner’s account is quite basic and doesn’t offer much in terms of additional services, except for leverage, which can reach up to 1:500 on the platform. It’s safe to assume that the more money you have in your account, the higher the leverage available to you.

The broker doesn’t provide specific information about spreads, only stating that they are either floating or fixed. TRXprotrade also offers capital insurance, which we are not sure about. However, we do know that it comes at a cost.

Pros
  • Low minimum deposit.
Cons
  • Questionable additional services.
  • No detailed description of trading accounts.

Market Analysis and Education With TRXprotrade

If you ever wanted to feel like a real trader, TRXprotrade has got you covered with its wide range of services. From signals that are as reliable as a weather forecast to financial advice that is more questionable than your uncle’s stock tips. The broker has it all. And if you think that’s not enough, the company also offers analyst support and education. By the way, don’t worry, everything is completely anonymous. So you won’t have to think about the qualifications of the people you’re trusting your money with.

Deposit, Withdrawal, and Fees

TRXprotrade offers different options for depositing funds, including bank transfers, credit cards, and electronic payment systems. The processing time for deposits and withdrawals varies depending on the chosen payment method. It is important to note that the duration for withdrawals may take longer if using bank transfers, which is to be expected.

Features TRXprotrade Maddex Capital MTCapitals
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

TRXprotrade has provided limited contact information, with only an email address available. Moreover, the office address that they have listed on their website is fake, and the company is not actually registered there. Therefore, getting in touch with support might be a bit challenging.

Pros
  • There is an email.
Cons
  • Contact info is not full.

Is TRXprotrade Dangerous?

We have ample experience in identifying scams, and we can spot them from a mile away. TRXprotrade is a fraudulent company, and we would be more than happy to elaborate on the matter.

How Long Does The Broker Work?

Upon closer inspection, it becomes evident that the awards boasted about in the footer of the TRXprotrade website are dubious at best. They appear to have no relation to the actual duration of the broker’s operation. A domain search reveals that the site was only created on August 30, 2022, and reviews about this broker began to surface even later. In short, these awards seem to be nothing more than an attempt to create a false sense of legitimacy around the broker.

Domain info

How Is TRXprotrade Regulated?

The management company of TRXprotrade is registered in Saint Vincent and the Grenadines, an offshore zone. However, if you carefully read the user agreement, you will have many questions because the broker operates under the laws of Estonia. The problem is that the TRXprotrade company is not registered in either Saint Vincent and the Grenadines or Estonia. And there is no information about the registration number or license data. In other words, the company does not exist legally, and therefore cannot obtain a license.

Legal data check

Features TRXprotrade CIX Markets  Vantage
European Zone ✔️ ✔️
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With TRXprotrade?

You need to register, pass verification, and fund your account.

Is TRXprotrade Legit?

No, it is not. This company most likely doesn’t even exist. And of course, it doesn’t have a license for work.

How Risky Is It?

It is very risky to cooperate with this broker. This is actually an anonymous website created for the purpose of deceiving investors.
Kevin Berry
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Expert Opinion

Actually, as an expert, I should note that there are only two languages on the TRXprotrade website – Russian and English. This is a bit strange for an offshore broker who, in theory, should serve clients from all over the world. Maybe they just don’t know how to use Google Translate? I’m kidding, of course, but in fact, it’s not very professional. Although, show me at least something professional on this site.

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TRXprotrade rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about TRXprotrade

Clark April 17, 2023 - 16:52
This broker is fake. It doesn't exist. It's just a website.
The level of trust

I’m speechless. I don’t understand how people fall for these obvious scams. They lie about everything – licenses, legal addresses, statistics, performance, and safety. Comparing this scam company to a legitimate broker makes it clear how big the difference is. Their website is uninformative and not useful at all. It has little information, and most of it is meaningless. Based on reviews, this broker is not popular. And those who fell for the scam lost all their money. They use every possible fraudulent scheme, from signal scams to managed accounts. Additionally, they even blocked all trader accounts. It’s impossible to find the scammers as they use a fake address. There is no such broker company. The names of the founders and executives are also fake.

Reply
Eve April 26, 2023 - 08:32
I do not advise working with the company. It turns out, their licenses are not real.
The level of trust
Efficiency of technical support

I tried trading with this broker, but it wasn’t really trading. I started experiencing losses, slippages, and stop-loss hunting right from the beginning. The fake charts were also very obvious. Moreover, the trading platform was unstable. It was clear to me that this was a scam. It’s strange that they don’t offer a demo account, which is a basic feature for any reputable broker. Despite this, I still invested $500. However, the high commissions and large spreads made me regret my decision even more.

Reply
Anreas May 18, 2023 - 13:11
Scammers
The level of trust
Quick withdrawal of funds
Efficiency of technical support

They are real real scammers! Do not trust them, they really good talking, showing all but its DEMO account! They have no rigth even to trade. Note real company nothing! Lost money. they did few withdrawals but just few and rest money they hold and after just ignore you.

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