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ProaktivMarket
Dominica|2-5 years| https://www.proaktivmarket.com
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Germany 2.87Surpassed 14.60% brokers
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No valid regulatory information, please be aware of the risk!
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ProaktivMarket
ProaktivMarket
Dominica
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
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ProaktivMarket · Company Summary
Note: ProaktivMarket's official website: https://www.proaktivmarket.com is currently inaccessible normally.
| ProaktivMarketReview Summary | |
| Founded | 2021 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, Stocks, Commodities and Cryptocurrencies |
| Demo Account | ❌ |
| Leverage | 1:200 |
| Spread | Floating around 2.5 pips |
| Trading Platform | Web-based |
| Min Deposit | $250 |
| Customer Support | Email: support@bigoption.com |
| Twitter: https://twitter.com/BigOption | |
| FaceBook: https://www.facebook.com/bigoptiontrading | |
Founded in 2021, ProaktivMarket is a forex broker registered in UK, offering various market insruments including forex, stocks, commodities and cryptocurrencies through the web-based platform. However, ProaktivMarket operates without regulatory oversight from any reputable financial body.
Pros and Cons
| Pros | Cons |
| Diverse trading choices | Inaccessible website |
| Variety of account types | Unregulated status |
| Popular payment options | No demo accounts offered |
| No withdrawal fees for credit card payment and some accounts | High spreads |
| No MT4/5 | |
| High minimum deposit | |
| Long withdrawal processing time | |
| Inactivity fee and dormant fee charged | |
| Limited contact channel |
Is ProaktivMarket Legit?
No, ProaktivMarket is not regulated currently. Please be aware of the risk!
What Can I Trade on ProaktivMarket?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
ProaktivMarket offers six account levels that traders can upgrade to once register for an account starting from $250 to $250,000. Account type including Beginner, Bronze, Silver, Gold, Platinum and Diamond.Moreover, there is no option for a demo account.
| Account Type | Min Deposit |
| Beginner | $250 |
| Bronze | $5 000 |
| Silver | $25 000 |
| Gold | $50 000 |
| Platinum | $100 000 |
| Diamond | $250 000 |
Leverage
ProaktivMarket offers maximumleverage of 1:200 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread
ProaktivMarket offers spreads on 2.5 pips for most accounts. For platinum account, ProaktivMarket takes no spreads.
| Account Type | Spread |
| Beginner | 2.5 pips, floating |
| Bronze | 2.5 pips, floating |
| Silver | 2.5 pips, floating |
| Gold | 2.5 pips, floating |
| Platinum | ❌ |
| Diamond | / |
Trading Platform
ProaktivMarket provides traders with only a web-based trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based | ✔ | Web | / |
| MT4 | ❌ | Desktop, web and mobile (iOS and Android) | Beginners |
| MT5 | ❌ | Desktop, web and mobile (iOS and Android) | Experienced traders |
Deposit and Withdrawal
ProaktivMarket provides several payment methods for deposit and withdrawal transactions, including Credit Cards (VISA and MasterCard), Bank Transfer, Bitcoin, PayPal and e-wallets, eg. Skrill and Neteller are not supported, however.
The processing time for withdrawal transactions is quite lengthy too – 3-10 business days.
ProaktivMarket claims they do not charge fees for withdrawals made via credit cards. There are no withdrawal fees for Gold and Platinum account.
Fees
ProaktivMarket charge a service fee of $150 on accounts “that are active for less than 30 working days and have less than 25 trades.” The broker also has a Dormant fee of $30 for accounts in which there have been no transactions for a set period of 12 months.
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