Loose regulatory conditions regarding proprietary trading firms have unfortunately spawned numerous cash grabs in recent years. Some of these are getting exceedingly difficult to spot, especially when they start flaunting connections to regulated brokers.

Our Pro Trade Funded review will show you how to more easily recognise potential hoaxes before you commit any funds.

Who Owns Pro Trade Funded Brand?

While the website doesn’t reveal anything substantial about the owners of the Pro Trade Funded prop firm, legal papers state that the owning company is called Prop Trade Tech LLC. 

This firm can be found in the SVGFSA register of companies, since they also claim to be incorporated under the laws of Saint Vincent and the Grenadines:

Knowing this, it is somewhat strange to see their social networks profiles stating that their headquarters are actually in the UAE, something we couldn’t confirm without any other registration details. 

However, this information could be found on some of their social networks profiles, like Facebook. They’re also present on Instagram, Telegram and Discord apps where they advertise their services and products. 

Unfortunately, what they offer wasn’t well received at all, considering the extremely negative feedback left by clients on their Pro Trade Funded Trustpilot profile:

Although they have claimed their profile on this platform, they’ve barely ever responded to clients. As for the user complaints, all of them revolve around payouts being denied and not received at all under various excuses, although none of them was justified.

If you take a look at our FTUK review, you can learn what other user reviews can reveal and why it’s important to stay cautious when a company flaunts seemingly good ratings.

Pro Trade Funded Platform Overview

The company is affiliated with Eightcap, a non-mainstream online brokerage which does have multiple regulatory licenses. The thing is, this broker only provides the certified challenges and trading environment itself.

They have no oversight into how a prop firm governs their business, and these “certifications” don’t have any legal weight to them, just like in the case of Sure Leverage. Unfortunately, it’s no secret that some of these prop firms have become known for poor conduct towards clients.

This affiliation also means that, in order to gauge any trading conditions, you’ll have to check with the broker instead. While the broker provides the MT4 and WebTrader platforms, the prop firm might impose some restrictions.

The biggest issue with this is that the prop firm never mentioned any Pro Trade Funded fees they might collect. Instead, they refer back to the broker again.

The prop firm offers several types of challenges for the Pro Trade Funded funded account, divided in 2 major groups. Overall parameters like drawdown, profit target and leverage remain the same. The nuance is in the cost of individual challenges.

The costs of individual challenges available with Pro Trade Funded login is somewhat higher than the industry average, take a look:

How to Request a Payout?

The company isn’t quite meticulous when it comes to explaining the withdrawal process and this is all that is ever mentioned about how payouts work:

Additional information isn’t available to those that haven’t purchased a package. The first Pro Trade Funded payout can be requested after at least 30 days have passed since you’ve started trading. After your first withdrawal, all other payouts happen on bi-weekly intervals.

Or at least that’s what the company promises. According to the user backlash, however, we have strong reasons to believe that these payouts don’t happen.

FAQ

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