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Introduction to Market Pro Trade Review:
The financial market is famous for all the profits that the traders can earn with a little patience and knowledge about trading. However, this too has become treacherous due to the huge inflow of scammers into the financial market. With a variety of new tricks up their sleeves, these scam brokers are luring innocent customers and robbing them of their money. If you want to save yourself from the dirty grasps of a scammer, read the full Market Pro Trade review and know some of the common red flags that all the scam brokers possess so you can steer clear of them. If you are here with the intention of knowing whether Market Pro Trade is a scam broker or a legitimate broker, read till the end to know.
Name: Market Pro Trade
Address: Saint Vincent and the Grenadines
Leverage Offered: 1:400
Minimum Initial Deposit: Not Disclosed
About Market Pro Trade:
In this section of the marketprotrade.com review, we will reveal some of the red flags raised against the Market Pro Trade scam. Stay tuned to know more.
FOUNDERS NOT REVEALED
One of the first suspicious things that we noticed while checking the website of Market Pro Trade is that they have not revealed any information about the founder of the company or even the team working in the firm. Regulated brokerage firms take great pride in writing about the founder and the team behind the company as they are what makes or breaks the firm. In this case, as Market Pro Trade has not revealed even the names, it is clear that this brokerage firm is a failure indeed.
MARKET PRO TRADE IS NOT REGULATED
Another red flag found against Market Pro Trade is that the company does not seem to have a valid license from the concerned regulatory authority. Upon checking the address of the firm, we found out that Market Pro Trade is actually based in Saint Vincent and the Grenadines. Now, for those who don’t know, Saint Vincent and the Grenadines is one of the offshore zones which are famous for scam brokers. This raises a huge red flag as Market Pro Trade is not regulated and is based in an offshore zone. Thereby, pointing us to the sheer truth of the marketprotrade.com scam in this Market Pro Trade review.
HIGH LEVERAGE OFFERED BY MARKET PRO TRADE
Another case of the red flag is the fact that Market Pro Trade offers a huge amount of leverage to their customers. When regulated brokerage firms offer leverage at 1:30 and 1:50, Market Pro Trade offers leverage at 1:200 and 1:400. This is a huge amount and can compel the trader into losing the trade. This raises another red flag in this Market Pro Trade review.
Conclusion: Is Market Pro Trade a scam?
To sum up, we leave it upon you to decide whether Market Pro Trade is a scam or not. However, as it is unregulated and a potential scam, we request you to stay away from Market Pro Trade.
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