ProCapitalMarkets is a leading forex and CFD broker offering flexible access to global financial markets. The broker is considered by many a popular broker that allows you to connect your account with automated trading robots such as Bitcoin Trader.
While investigating ProCapitalMarkets, we have found many positive reviews claiming that it is a reliable broker. We also must notify you that some users claim that the best way to trade with ProCapitalMarkets is through Bitcoin Trader, which is a reportedly a leading crypto automated trading robot.
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We have carried out an in-depth review of this broker and can conclude that ProCapitalMarket appears to be a legitimate online broker. In this review, you’ll find all the necessary information about this broker and will discover how to start trading with ProCapitalMarkets through the Bitcoin Trader platform.
Read on if you are interested to know more about this broker.
What is ProCapitalMarkets?
According to the website, ProCapitalMarkets focuses on offering products that are unique compared to other brokers in the industry. The broker states on its website that it “offers customers flexible trading conditions and doesn’t focus on one trading asset only”, and indeed the broker provides its clients a huge selection of markets and products including currency pairs, commodities, bonds, indices, cryptocurrencies, stocks, ETFs, and options.
Yet, we must inform you that there is a notable difference between online brokers such as ProCapitalMarkets and crypto robots like Bitcoin Trader.
Online brokers like ProCapitalMarkets provides you easy access to the markets where you can manually trade CFDs, stocks, indices, ETFs, cryptocurrencies, and commodities. However, online brokers do not have the technology that allows them to automatically place orders in the market.
Crypto robots, on the contrary, are automated trading robots with algorithms that are programmed to allegedly analyze the market and execute market orders. Therefore, these trading robots are suitable for both beginners and experienced users that want to take advantage of the volatile crypto market. Crypto trading robots such as Bitcoin Trader connect to robot brokers like ProCapitalMarkets and automatically place orders through their trading platform. The reason for this process is that crypto trading robots are not allowed to collect deposits from customers.
Following our reviews and based on many user testimonials, we can confirm that ProCapitalMarkets is a legit broker and that the best way to trade on this broker is through Bitcoin Trader.
Click here if you want to trade on ProCapitalMarkets via Bitcoin Trader.
ProCapitalMarkets Regulations
ProCapitalMarkets is owned by Pro-CM LTD, registration number 24826IBC2018, and is based in Saint Vincent. The broker is not regulated by any financial agency, hence traders are not protected by any financial regulator. Yet, traders shouldn’t have to worry about legal their legal rights. ProCapitalMarkets is a reliable online broker that covers all the legal documentation necessary to protect clients’ funds. These include terms and conditions, risk disclosure, AML and KYC, and bonus policy agreement.
Is ProCapitalMarkets Legit or Scam?
Following our review, it appears that ProCapitalMarkets is a legitimate online broker. Although the broker is not regulated, it was founded in 2010 and has a good reputation among traders. ProCapitalMarket is also transparent about the risks involved and whether the broker protects its clients. The broker’s website provides in-depth information concerning terms and conditions, bonus policy, anti-money laundering, and risk disclosure.
We must advise you that if you are not an experienced trader, trading on ProCapitalMarkets directly is not necessarily the best trading method for you. If you have not yet developed trading skills, you should take into consideration trading on ProCapitalMarkets through Bitcoin Trader, which has been said by many to be among the most popular trading robots in the market.
Markets/ Instruments
ProCapitalMarkets was founded by financial experts who have the knowledge and experience to deliver an interesting selection of tradable assets. The broker offers traders the ability to trade currency pairs, commodities, bonds, indices, cryptocurrencies, stocks, ETFs, and options.
ProCapitalMarkets offers to trade on over 7485 stocks on the NYSE and NASDAQ, as well as stocks in Germany, United Kingdom, and Switzerland. Another great advantage is the ability to trade over 10 million Digital Options.
Trading Platforms
ProCapitalMarkets provides an in-house web-based trading platform. The platform has a user-friendly interface and some basic trading features but we must say that the platform lacks several critical features.
Nonetheless, the platform is easy-to-use and you can get your transaction out in seconds, in particular when you have the One-Click Trading button that allows you open and close trades with a single click.
Additionally, the platform runs on a browser so you can access it with any device and without having to download a desktop application. The trading platform is available in English and German.
How to trade on ProCapitalMarkets through Bitcoin Trader
As we mentioned previously, Bitcoin Trader connects its users with ProCapitalMarkets. This robot claims to allegedly analyze the crypto market and execute market orders with a claimed accuracy rate of over 90%. The minimum investment with this robot is $250.
The registration process is quick and can be completed within 10 minutes. Here’s a step-by-step guide on how to register on Bitcoin Trader.
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Registration
The first step you should do is to register on Bitcoin Trader’s website. On Bitcoin Trader’s website, click the ‘sign-up’ button on the top right corner of the screen and fill in the necessary details in the registration form. You will then have to enter the confirmation code sent to your email address.
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Deposit
Once you have finished the registration process, you will be redirected to a pop-up window where you can deposit funds and immediately start trading, or move on to the trading dashboard. Remember, the minimum deposit requirement is $250.
In terms of security and privacy, Bitcoin Trader is highly secured by SSL (https) so you can be sure that the information is secure and cannot be intercepted.
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Trading
As we mentioned previously, BitcoinTrader provides traders easy access to the crypto market. Trading with Bitcoin Trader is extremely simple and requires two easy steps. At the top of the trading dashboard, you will be able to choose the trading mode, manual or automatic.
If you choose the automatic trading mode, you will then have to adjust the trading settings according to your preferences.
Bitcoin Trader allows you to adjust the following trading settings: You can choose the level of risk, the amount you want the software to invest in each trade, the maximum trades per session, and the amount of profit in a day you want to make. You can also decide on a certain cryptocurrency you want the software to trade on. Once you are certain with your trading settings, you can click on the “Start Auto Trading” button.
How to sign up on ProCapitalMarkets directly (not recommended)
As we mentioned in the previous section, the recommended way to trade on ProCapitalMarkets is through Bitcoin Trader. However, if you do not want to trade on ProCapitalMarkets through Bitcoin Trader, you also have the option to open an account on the broker’s website directly. You should consider the fact that you cannot automate your trading if choosing this option. Trading robots are equipped with cutting edge technology that allegedly scans the entire crypto market and place orders. Bitcoin Trader, in particular, claims to have a success rate of over 90%. To do that, all you have to do is click here.
Yet, if you prefer to open an account on ProCapitalMarkets directly, you can visit the broker’s website and complete a short registration process. Once you are on the broker’s website, click on the “register” button and fill in your personal details.
Account Types & Leverage
ProCapitalMarkets keeps it simple when it comes to account types. The broker offers a Standard account with a maximum leverage of up to 1:200, depending on the tradable asset. ProCapitalMarkets also offers an Islamic account for those who complies with the Sharia law.
Unfortunately, ProCapitalMarket does not provide a demo account, where you could practice the platform.
Education and Resources
ProCapitalMarkets falls short in terms of educational resources. The broker does not provide actual educational materials, however, it seems that ProCapitalMarkets has a different agenda about online trading.
As mentioned on their website, their goal is to create a mutually beneficial, supportive business relationship that focuses on traders’ success. Hence, the broker offers personal analysts and account managers.
Putting this aside, there are some useful features on the broker’s website including a glossary, heatmap, and pivot calculator.
Bonuses
According to the website, ProCapitalMarkets offers a number of bonuses and promotions to its customers. The broker also provides a detailed section of the bonus’ terms and conditions.
Moreover, ProCapitalMarkets also has a “Refer A Friend” program that allows you to get commissions for referring new customers to the broker.
Customer Support
ProCapitalMarkets offers a solid customer support team from Monday to Friday between 9:00-18:00 GMT. The support team is available through phone, email, live chat, and request a callback form.
ProCapitalMarkets Pros and Cons
- ProCapitalMarkets offers over 10 million Digital Options, and over 7485 stocks on the NYSE and NASDAQ
- The broker offers an Islamic account for traders that comply with the Sharia law
- The trading platform is easy-to-use, intuitive and runs on a browser
- ProCapitalMarkets offers a high leverage of up to 1:200
- Unregulated by any major financial regulatory body
- The broker does not offer MetaTrader4.
- No demo account
More robots where you can access ProCapitalMarkets
You can trade on ProCapitalMarket through several crypto robots other than Bitcoin Trader. Find out more about this automated Bitcoin robot.
Conclusion
ProCapitalMarkets is a very unique online broker that stands out by offering a huge selection of tradable assets. The fact that the broker offers over 10 million Digital Options, and a huge selection of stocks from four different exchanges attractive for day traders. We can also confirm that the broker appears to be legit and their platform is easy to use and intuitive. If you decide to trade with ProCapitalMarkets, most users recommend doing so through Bitcoin Trader.
FAQs
How do I open an account with ProCapitalMarkets?
To open an account on ProCapitalMarkets you will have to visit their official website and click the 'Register' button on the top right corner of the screen. You will then have to insert your full name, email, phone number and create a password.
Is ProCapitalMarkets an auto trading robot?
No, ProCapitalMarkets is not an automated trading robot but an online broker that offers forex and CFD trading. Different from traditional online brokers, auto trading robots are designed to automatically scan the crypto market and place orders. Auto trading robots such as Bitcoin Trader connect traders to online brokers in order to execute trades.
How much is the minimum deposit?
ProCapitalMarkets does not provide any information about the minimum deposit requirement. We suggest that you contact a member of staff to find out about the minimum deposit requirement.
Is there a mobile app?
No, a mobile app is currently unavailable. ProCapitalMarkets provides an in-house trading platform and is not available as a mobile application. However, the ProCapitalMarket platform is a web-based trading platform so you can always log in from any device's browser.
Is ProCapitalMarkets a scam?
No. We can confirm that ProCapitalMarkets is not a scam broker. Although the broker is not regulated by any major financial regulatory body, it does provide great trading conditions and all the necessary legal framework.
