Forex Forex Brokers

Proper Trade Review

Proper Trade is a broker owned by B-Market Limited. It is registered in the Marshall Islands (registration number 100141) and regulated under the Marshall Islands Commercial Corporation Act. Company address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH960.


Proper Trade is registered and headquartered in the Marshall Islands, making it an offshore broker. The broker offers its clients a maximum leverage of 1:200 to trade in Forex and CFD. The broker does not have an acceptable regulation, yet he wants to direct his services to customers resident in the United States, Europe, and Australia. If you are considering opening a forex account and you are reading this review, I advise you to read everything to the end.


Proper Trade offers only one standard account type. When making the initial deposit, traders can start trading and exchanging currency pairs or other assets offered by Propertrade. We need to warn that certain assets require a minimum deposit in order to be able to operate them, for example, metals.


Proper Trade offers its own trading platform, MetaTrader4 is not available.
Proper Trade offers us a web-based trading platform, but it is very simple, and it also lacks many features. This platform is well below MT4, which is certainly the trading platform most used by a wide community of traders.

MT4 is easy to use, has a wide set of management tools, advanced graphics, and a multitude of market indicators. It also has commercial robots with all kinds of strategies for users. With the use of these robots, you can be traded in an automated way.
All of the above is not possible with the web platform offered by Popertrade.


Leverage as high as 1:200. More and more offshore brokers offer high leverages. After the European Securities and Markets Authority (ESMA) limited leverage for Forex transactions to 1:30, many traders are looking for larger leverages, and so offshore brokers are proliferating, offering leverages higher than those determined by ESMA.
The US and Japan have long since limited leverages to traders in order to protect them from capital losses and reduce the financial risks of the customer.

However, if a trader wants to trade with higher leverage, he can always look for regulated brokers in Australia. Australian regulation is very important and allows higher leverages, this is possible because this country remains unrestricted.


We have not found information about accepted commercial sizes. Normally in this type of brokers are allowed to open positions as small as 0.01 lots, which is a micro-lot or 1000 units of the base currency. Operating with micro-lots provides flexibility and is ideal for traders who want to trade with a small volume and accepting smaller risks.


Account-holders only have to pay the differential (the difference between supply and demand prices). Proper Trade does not charge any commission when opening or closing a position. However, through almost any broker, traders must pay an exchange charge (interest) when a transaction is kept open overnight. Because this interest expense is based on the economic conditions and policies of the central bank of the currency’s country of origin, swaps are out of the brokers’ control. however, please note that swaps could be positive, such as when short selling a particular currency pair. In these cases, account holders make money.


Proper Trade has an advantage, it is the wide variety of assets with which it is possible to trade. In Forex we find more than 50 currency pairs, including exotic pairs like USDZAR, USDRUB, USDPLN, USDNOK USDTRY, USDSGD, USDSEK, USDMXN, USDILS, USDHUF, USDHKD, y USDDKK. It also offers CFD in silver, gold, Brent platinum, WTI Raw, natural gas, palladium and copper, agricultural products such as cocoa, cotton, orange juice, coffee, corn, soy, sugar, and wheat. The broker also offers trading in 23 stock indices, 30 ETF s, stocks, and bonds. For lovers of cryptocurrencies, Propertrade offers trading on a number of digital coins, including Ethereum, Ethereum Classic, IOTA, Litecoin, NEO, Qtum, Tron, Stellar, Monero, Ple, Zcash, Cardano, Bitcoin, Dash, and Dashgold.


We have tested the web trading platform offered by Propertrade to find out the spreads. We have seen how the spread in EUR / USD was around 3.5 pips. Actually this spread is very high, at least 3 times more than the spread levels that most brokers offer for this currency pair.


We have been unable to figure out the minimum deposit required by this broker to open an account with them. Normally these types of offshore and unregulated brokers usually admit small deposits to start trading, but this fact is not confirmed.


The broker accepts, credit cards/debit, Mastercard, Visa, and American Express. It is also possible to deposit in the following e-wallets, Perfect Money, Skrill, QIWI, Webmoney, Neteller, and Okpay. All that remains is for this broker to accept bitcoin as a means of payment, but even this is not possible. No commissions apply to account deposits.


Withdrawals will always be made to the method of payment with which we made the deposit.

The withdrawals have a commission charge, as follows:

Notwithstanding the above table, the Company reserves the right to charge a withdrawal fee equal to EUR 50. There is an inactivity fee. The monthly inactivity fee will increase as the total downtime increases:

A maintenance fee will be charged each month, regardless of whether there are transactions (deposits, withdrawals or business activity) in your commercial account or not. The commission shall be EUR 10 per month.


Withdrawals will always be made to the method of payment with which we made the deposit. Withdrawal waiting time ranges from 1 to 5 days.


The Broker does not currently have any bonus or promotion available to its clients.


Proper Trade has an area of educational tools and of interest to the trader. It has an economic news section, this is good for all traders who like to trade with fundamental. It also has a technical analysis area of several currency pairs. This is a positive aspect for all traders who want to have a different vision about these assets, and also to have investment ideas.

In the educational section, there is also a section of videos. In these videos, different currency pairs are analyzed. Video can have a dual function, on the one hand educational, to learn how to analyze assets, and on the other hand, by being updated analyses, they can help us make investment decisions.

Finally, it has an economic calendar. Viewing the economic calendar on a daily basis is a good practice as it will help us detect all those news or events that may affect certain assets, so we consider this service very interesting.


The customer has 3 ways to contact the customer service: Telephone, e-mail, and contact form. We note the absence of a live chat that usually provides a method of communication between the client and the broker.

The forms of contact are:

B-Market limited,
Kemp House, 152 – 160 City Road, London EC1V 2NX
Phone : +442039669160
[email protected]


Propertarde does not have a demo account for its clients. We consider this a negative aspect. Having a demo account is important, especially for all those novice traders who need to simulate a real operation without taking risks and gain experience in different markets.


This FX broker does not offer services within certain other jurisdictions such as the USA, British Columbia, and Canada.


Trading with an unregulated and unlicensed intermediary like Proper Trade could present a higher level of risk. On the website, we can see from the contact details that Propertrade claims to be based in the United Kingdom, and provides us with the name of a company called B-Market Limited. We repeat that this company is registered in the Marshall Islands, a tax haven.

And as we have already commented, we are dealing with a broker without the necessary license to trade in the European Union, Australia, Canada or the United States.
Brokers wishing to operate in the United Kingdom must be authorised by the FCA (Financial Conduct Authority), or at least by the Cysec (Cyprus Securities Exchange Commission).

The bottom line is that traders may want to investigate this FX broker more before creating and funding an account with them.


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