What is FXProDragon.com?
FXProDragon.com is a website that provides information and resources for people interested in forex trading. The website includes an extensive range of articles, tutorials, tips and advice from experienced forex traders. It also has a forum where members can ask questions and share their experiences.
How Does FXProDragon.com Work?
To start trading with FXProDragon.com, you need to open an account and deposit funds. Once your account is funded, you can start trading with real money.
The minimum deposit amount is $500, and the maximum leverage is 1:200. FXProDragon.com offers a wide variety of tradable assets, including currency pairs, stocks, indices, commodities, and cryptocurrencies.
To place a trade, you simply need to log in to your account, select the asset you want to trade, and enter your position size. You can then set your stop-loss and take-profit levels, and submit your order.
Your order will be filled at the best available price in the market. You can view all your open and closed positions in your account dashboard. To withdraw funds from your account, you can use the same method you used to deposit funds.
Is FXProDragon.com a Scam?
When we review a website like FXProDragon.com, the first thing we look for is any signs that the site might be a scam. We didn’t find any red flags that would make us think that FXProDragon.com is a scam, but that doesn’t mean that it’s definitely not a scam.
We always recommend that you do your own research before investing money in anything, and we would encourage you to read more reviews of FXProDragon.com before making a decision about whether or not to invest with them.
What Are the Pros and Cons of FXProDragon.com?
FxProDragon.com is a foreign exchange (forex) and contract for difference (CFD) broker that offers trading in a wide range of currency pairs and CFDs on multiple platforms, including the popular MetaTrader 4 (MT4) platform. The company is headquartered in the United Kingdom and is regulated by the Financial Conduct Authority (FCA).
PROS:
-Wide range of currency pairs and CFDs available to trade
-MetaTrader 4 (MT4) platform available
-Headquartered in the UK and regulated by the FCA
-Negative balance protection available
CONS:
-No US clients accepted
-Limited educational resources
Conclusion
FXProDragon.com is a website that provides foreign exchange (FX) trading services. It is operated by Pro Dragon Limited, a company registered in the Seychelles. The website claims to offer competitive spreads and leverage, as well as a “powerful and user-friendly” platform. However, there are several red flags that suggest that FXProDragon.com may not be a legitimate company. These include the lack of contact information on the website, negative customer reviews, and a warning from the Financial Services Authority of Seychelles about Pro Dragon Limited. Based on this evidence, it seems likely that FXProDragon.com is a scam rather than a legitimate FX broker.