ProGBTplus
ProGBTplus invites users to “trade worldwide”, “not miss the opportunity to earn”, and “maximize their potential”. This broker offers trading in the forex and CFD markets, as well as participation in IPOs and pre-IPOs.
Traders at ProGBTplus execute trades on the cross-platform MT4 terminal. The broker offers buying and selling of 50,000+ financial products, including indices, metals, energy resources, futures, stocks, and currency pairs. It promises no slippage, high liquidity, and leverage up to 1:300.
The company motivates participation in IPOs and pre-IPOs. According to the data provided, from 2017 to 2021, investment ideas in IPOs brought ProGBTplus clients returns ranging from +8% to 40%. ProGBTplus also claims that its clients profit from pre-IPOs, but does not provide statistics on this. How to participate remains unknown.
The website progbtplus.com states that the broker operates in the European Economic Area. No registration certificate is presented, leaving the jurisdiction in question. The broker displays a scanned copy of a license issued by a certain InfinRegulator. The document mentions a compensation fund of 20,000 euros.
Potential clients can contact representatives of ProGBTplus by phone and email.
Trading Conditions at ProGBTplus
The broker provides the following trading parameters:
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segregated accounts,
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trade execution in “milliseconds”,
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tight spreads,
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no slippage,
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highest level of liquidity,
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leverage up to 1:300.
ProGBTplus offers three types of accounts to choose from: “Silver”, “Gold”, and “Platinum”. A trader who follows Islam can convert any account to a swap-free mode.
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“Silver”. Minimum balance – $500. Spreads – from 1.0 pips. Leverage – 1:30.
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“Gold”. Required capital – $5,000. Spreads – from 0.1 pips. Leverage – 1:30.
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“Platinum”. Opening cost – $30,000. Spreads – from 0.0 pips. Leverage – 1:30.
All account types provide access to 60 currency pairs, metals, indices, and commodities. Pricing is based on ECN. No commissions are charged. Minimum trade size is 0.01 lots. Expert Advisors and VPS service are available.
ProGBTplus insists on the need for identity verification. The broker warns that it will not process client payments until scanned copies of personal documents are received.
Traders at ProGBTplus execute trades on MetaTrader 4: they use desktop, mobile, and browser versions.
Deposits and Withdrawals at ProGBTplus
The broker offers three ways to deposit funds:
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bank transfer,
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credit/debit card payment,
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payment providers.
ProGBTplus informs that there are no commissions or additional fees. It also warns that funds may not reflect in the trading account instantly due to issuer banks.
Withdrawals are only possible to the source used for deposit. The website progbtplus.com states that the withdrawal process takes 1-5 business days. Payments are made in the currency of the trading account.
There are no limits on payment transactions.
Conclusion
ProGBTplus positions itself as the best forex broker in the global market. However, the company does not disclose registration details and displays a license issued by a questionable organization. Trading accounts differ only in required amounts of money and offer practically the same conditions.
Before engaging with ProGBTplus, it is advisable to consult an independent expert.