Generaltrade.cc Broker Review General Trade is a Fishy Broker. Stay Away!

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STAY AWAY from Pratconi, it’s an illegal broker – review

In this review we have a look at the cryptocurrency broker Pratconi.

Pratconi is a broker that allows you to trade cryptocurrencies with leverage. It will also provide you with trading signals that are allegedly generated by a team of trading experts.

Pratconi also claims to be involved in crypto mining, so you allegedly can get a passive income thanks to its cloud mining program.

Table of Contents

Pratconi is illegal

Pratconi is owned by a Bulgarian company called Orston Partners, but it allegedly has offices in the United Kingdom.

Because Pratconi doesn’t let you buy cryptocurrencies directly, it needs to be regulated. The broker obviously lets you trades derivatives, since you can take short positions and use leverage. Derivatives trading is regulated no matter the underlying asset.

So, Pratconi needs a licence from the Financial Conduct Authority, but it hasn’t got one. This means that Pratconi is an illegal broker.

Trading signals?

Another reason why Pratconi needs a licence, is that it provides trading signals, which in fact is investment advice. Since Pratconi is not regulated, it cannot legally provide any trading signals.

On a more general note, we have never seen a broker providing reliable and profitable trading signals. Think of it this way: if you know how to trade profitably and make big money, would you sit behind a desk as a broker’s employee and be giving your strategy for free to other people? Of course not!

So, we are pretty sure that signals from Pratconi won’t make you any money.

Conclusion

Pratconi is a broker that is breaking the law, because it is operating in the UK, but has no authorization to provide investment services. Your money would not be protected with this broker!

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If you are interested in trading cryptocurrencies, start on a free demo with a regulated broker.

You need to learn a build a profitable strategy before potentially investing real money.

Global Trade Investing

Информация о брокере Global Trade Investing

    Юрисдикция: Сент-Винсент и Гренадины Регуляторы: – Дата основания: 2020

Краткая справка Global Trade Investing

Global Trade Investing оказывает услуги с 2020 года. Компания позиционирует себя как брокера для торговли валютными парами и CFD-контрактами. Сайт представлен в двух языках – русском и английском. Служба поддержки таже готова ответить на любой вопрос только на английском и русском языках. Связаться с ней можно по телефонным номерам Великобритании, Польши и РФ, по электронной почте и в чате.

Глобал Трейд Инвестинг предлагает пройти экспресс-регистрацию, воспользовавшись специальной формой. После это выберите торговый счет и пополните его с помощью любого удобного способа: банковского перевода, онлайн-кошелька, кредитной карты. Стоит отметить, что при пополнении счета, используя банковскую карту, необходимо пройти процедуру верификации.

Брокер предлагает несколько типов торговых счетов. Минимальный депозит составляет $250 долларов, который нельзя назвать приемлемым для начинающего трейдера. Из преимуществ можно выделить довольно высокий уровень доходности до 82%, а также удобный минимальный размер торговой операции – от $5. Клиенты компании могут открыть торговый счет в одной из трех валют: USD/EUR/GBP.

Разумеется, что институциональным инвесторам и клиентам с внушительным депозитом, компания Global Trade Investing приготовила массу дополнительных возможностей.

Компания предлагает для работы собственную торговую платформу TradingView. Она доступна исключительно в веб-версии, скачивать приложение на мобильный телефон или компьютер нет необходимости. Совершать сделки можно с помощью двух драгоценных металлов, биржевых индексов и ценных бумаг.

На сегодняшний день компания не может похвастаться наличием образовательной программы или демонстрационного счета. Начинающим трейдерам придется самостоятельно разбираться в тонкостях работы на рынке Форекс. Кроме того, отсутствуют и различные акции и бонусы, которые так привлекают новичков.

Стоит учесть, что Глобал Трейд Инвестинг больше подходит продвинутым инвесторам или тем, кто имеет небольшой опыт в данной сфере. Однако компания позаботилась об аналитической составляющей. Технический и фундаментальный анализ можно найти на торговой платформе.

Another Israeli Broker Throws in the Towel, General Trade is Out

Only nine firms now remain in the application process for an Israeli trading license.

Israeli traders now have one less option when selecting an online broker. Yet another firm has withdrawn from the local market and canceled its application to a Israeli Security Authority (ISA) Trading Arena licence according to latest data from the regulators. The latest broker to give up on the demanding process is General Trade, registered under G.T Global Israel LTD.

All clients of General Trade in Israel are given by July 25th to close all positions. After this date the firm will only be able to close accounts and issue withdrawals for its former traders in the country.

This is just the latest development in a long process of consolidation and contraction in the Israeli market that started since the ISA began regulating retail online trading last year. We have seen companies one by one fold out of Israel, merge with larger players or completely shut down – mainly due to bans on entire instruments, such as binary options, and complex new requirements that make operating in the Israeli market uncompetitive and unappealing.

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In total, out of the twenty-one companies that started the license process with the ISA, only nine remain in the race today.

In a panel at the Finance Magnates TLV Conference last month, we got a very honest discussion about the state of the Israeli forex industry in light of the recent regulations. It seems like in the immediate future we might see that no firm will choose to stay in the local market as the regulators take an approach that is paternalistic and opportunistic – destroying the businesses they were mandated to streamline.

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