Trp2Pro – Is It A Scam Or A True Forex Broker?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Trp2Pro - DO NOT TRADE WITH THIS PROVIDER
2.2/10
$100
Minimum Depositupdated 2021
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://trp2pro.com/en
Founded: 2021
Regulations: N/A
Languages: Arabic, English
Deposit Methods: AllPrimePay
Minimum Deposit: $250
Free Demo Account: N/A
Number of Assets: 6
Types of Assets: Forex, Indices, Futures, Shares, Energies, Metal
TPR2Pro has had only one goal: to make investing in the world’s financial markets accessible to everyone, anywhere, at any time. However, as the firm grew, they realized that the mission statement needed to be expanded. The obligation to clients could not be limited to providing an advanced and accessible global trading platform, but also to doing so in the most fair, transparent, efficient, and secure manner possible, and thus becoming a beacon of investor security, insurance, and safety in a sometimes murky industry.
Trading Accounts and Conditions
TRP2PRO has 3 account variations with very out of this world and weird names. These are the Lord, Knight, and Royal Highness accounts. Judging from the names, you can automatically distinguish that the broker isn’t legit. The accounts require a deposit of $250, $3000, and the Royal Highness account doesn’t even show you the required deposit since it is a “premium account”.
TRP2PRO LTD is licensed by the International Financial Service Commission (IFSC) of Belize to provide brokerage, consulting, and advisory services, as well as securities trading, according to the website’s rules section. TRP2PRO, on the other hand, states that its services and goods are “not meant to be utilized by citizens of the United States of America, Belize,” which is quite contradicting given the website is legitimately licensed in Belize.
To make a long story short, we’re dealing with unregulated fraudsters who, on top of that, look to be practically anonymous. After all, if a broker lies about its license, it’s likely to lie about its firm name and address as well.
TRP2Pro – Advantages
Unlicensed and unregulated brokers such as TRP2Pro have no advantages to using and investing money in them. All they’re trying to do is steal as much money from you as they can and leave you with none. TRP2Pro is a scam and you should not be giving them any of your money.
TRP2Pro – Disadvantages
Unregulated
The International Financial Service Commission of Belize is supposed to provide a license to the company. This offshore regulator, despite its location, has considerable power. Because Trp2Pro and authorities don’t get along, the International Financial Service Commission does not regulate the company. We double-checked the regulator’s website just in case, but discovered no evidence that it is in charge of Trp2Pro.
However, we see in the footer that the broker declares that it is not available to Belizeans. This is unheard of: a brokerage that claims to be regulated in Belize yet isn’t available there. Trp2Pro’s lack of consistency and attention with such material just serves to demonstrate how careless it was in creating this fraudster website. Trp2Pro is completely unregulated, putting all traders at risk. It’s one of the most obnoxious “brokers” we’ve ever seen.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Trading Software Doesn’t Belong to the Broker
The fact that the online trader given by Trp2Pro does not truly belong to the broker is the major and only reason we came to the conclusion that no trading software was being used here. Allow me to explain.
Trp2Pro does not provide any trading servers, hence the web trader is not compatible with Trp2Pro’s services. The broker just leads us to the web trader’s servers, which we think function as demo servers for non-technical users to test out.
Scam Withdrawal and Deposit Methods
TRP2PRO’s minimum deposit is stated to be simply $250, but you have little reason to trust an unregulated company with shady credentials that openly claims about being regulated.
Clients can invest through AllPrimePay, which is a fraudster crypto buy/sell platform that has been given many red flags, according to the financing section of the client site. As a result, the only method to “invest” is to purchase cryptocurrency via an unregulated exchange. Whatever the website claims about depositing is a pure fabrication.
According to logic, there should be no withdrawal methods accessible, and even if there were, they would be difficult to perform. The withdrawal area provides little information, and the website goes on and on about withdrawals, but given the presence of AllPrimePay, we doubt that customers may withdraw funds. Unregulated and scammer feelings abound in Trp2Pro. This one is not worth your time.
Conclusion
Trp2Pro allows itself to be absolved by the hazy mist of trend following, as it starts with elegant short-lived animations of skylines at twilight, instilling consumers with a sense of obligation to trust this broker, as if its offices are located somewhere among those gleaming towers. The illusion generated is highly appealing, yet it is still just that: an illusion.
Trp2Pro’s reality, on the other hand, is significantly more real and uninviting. Trp2Pro is, in reality, a purely illegal broker with no links to anybody or anything, even its users. Unregulated brokers frequently use the registration procedure and the ser area package as templates. Scammer brokers have utilized these two together numerous times in the past.
However, as we opened the trading program, we discovered that it had a fundamental flaw that prevented us from trading under any circumstances. Trp2Pro may be said to offer no trading conditions, and it would be correct. The causes for this were explained in the software section of the evaluation. There are no leverages, non tradable assets, and, most importantly, no spreads to discuss. Trp2Pro is shaping out to be a rogue broker!
TRP2PRO claims to be officially licensed and regulated, as well as devoted to the greatest levels of ethical behavior, professionalism, and integrity, which would be excellent news if it were anything close to true. Regrettably, TRP2PRO is not regulated in any way, and their website simply screams “scam.”
Trp2Pro
Pros
- None
Cons
- Unregulated
- Trading Software Doesn’t Belong To The Broker
- Scam Withdrawal and Deposit Methods
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.