Note: Promarket-AI's official website: https://promarket-ai.com is currently inaccessible normally.
Promarket-AI Information
Established in 2023 in China, Promarket-AI is an unregulated Forex trading platform that has been flagged for deceptive practices and unauthorized operations by regulatory authorities. This platform claims to offer market instruments such as Forex, Indices, Commodities, Stocks and Islamic Account.
Is Promarket-AI Legit？
Promarket-AI has not been regulated by any notable authority. This lack of regulation is obviously a disadvantage for traders. Additionally, the official website of this broker is currently unfunctional and their only way of contact is through email. Traders should act out of caution when trading on this platform.
Pros & Cons
Pros
Multiple Market Instrument: Promarket-AI provides a range of market instruments, including Forex, indices, commodities, and stocks.
Cons
Unavailable Website: One major issue is the unavailable website. No reliable brokers will behave like this.
Untransparent Trading Condition: Due to the unfunctional website of ProMarket-AI, there is a lack of transparency regarding the trading condition.
Lack of Regulation: The lack of regulation means that trading with this broker is risky.
Market Instrument
Promarket-AI provides a range of market instruments, including Forex, indices, commodities, and stocks.
Forex, or foreign exchange, involves the trading of currency pairs.
Indices represent a collection of stocks from a particular market or sector.
Commodities encompass physical goods such as oil, gold, and agricultural products.
Stocks represent ownership shares in individual companies.
Account Types
Promarket-AI offers Islamic accounts apart from live accounts. Islamic accounts, also known as swap-free accounts, are designed for Muslim traders who wish to avoid interest (riba), which is prohibited in Islam.
Trading Platform
Promarket-AI provides a trading platform accessible through multiple formats, including WebTrader, desktop, and mobile devices.
Conclusion
In conclusion, Promarket-AI is an untrustworthy Forex trading platform due to the many downsides including lack of regulation, unfunctional website and untransparent trading condition. Traders are advisable to choose regulated brokers with transparent operations to ensure the safety of your trading condition.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
