PROREX LIMITED

According to WikiFX assessment, PROREX LIMITED holds a score of 5.84 out of 10, reflecting a moderate overall profile. The broker is regulated by the Financial Services Commission (FSC) of Mauritius under a Securities Trading License (EP). However, multiple user complaints on WikiFX highlight unresolved withdrawal issues and unfulfilled payment promises, which are important factors to consider when evaluating reliability.

Yes, PROREX LIMITED is regulated. It holds a Securities Trading License (EP) from the Financial Services Commission (FSC) of Mauritius, with license number GB24203352. The license status is listed as regulated.

The minimum deposit for PROREX LIMITED is $100, applicable to both ECN and Standard account types.

PROREX LIMITED supports the MetaTrader 5 (MT5) platform. According to WikiFX data, the broker has a full license MT5, with an average execution speed of 18.5 milliseconds.

Pros: 1. Regulated by the FSC Mauritius with a valid license. 2. Low minimum deposit of $100. 3. Provides ECN account with spreads from 0.0 and fast execution speed of 18.5 ms on MT5. Cons: 1. Multiple user complaints on WikiFX report difficulties with withdrawals and lack of customer support responsiveness. 2. The regulatory framework (FSC Mauritius) is not considered a top-tier jurisdiction, which may offer less investor protection compared to major regulators.

Yes, WikiFX records show several user complaints and exposure reports regarding PROREX LIMITED. Common issues include unresolved withdrawal requests, delays in processing payments, and unfulfilled promises of partial refunds. Users have also reported difficulty contacting customer service. These complaints should be carefully considered.

PROREX LIMITED is not regulated by US authorities such as the SEC or CFTC. Based on its regulatory status in Mauritius, it is likely not intended for US residents. Traders should verify availability directly with the broker and consult local regulations.

PROREX LIMITED offers multiple deposit methods including Perfect Money, ThunderxPay, credit/debit cards, local transfers, and various cryptocurrencies. Deposit processing times range from 24 hours to 7-10 banking days depending on the method. For withdrawals, specific processing times are not publicly listed. However, based on user feedback on WikiFX, many clients have experienced significant delays and unresolved withdrawal requests, indicating potential inconvenience.

PROREX LIMITED offers two account types: ECN and Standard. The ECN account features spreads from 0.0 pips, maximum leverage of 1:200, and a minimum deposit of $100. The Standard account also has a $100 minimum deposit and 1:200 leverage, but its spread is variable (not explicitly listed). Both accounts support scalping, hedging, and EA trading, and are available on the MT5 platform. Islamic account options are not indicated.

User reviews for PROREX LIMITED on WikiFX are predominantly negative, with numerous exposure reports detailing withdrawal issues, unfulfilled payment promises, and poor customer service. Several users claim that the broker offered partial refunds in exchange for removing negative reviews, then failed to honor those agreements. While there is a small number of positive or neutral comments, the overall sentiment indicates significant concerns regarding fund accessibility and trustworthiness.

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