General Information
Propex24 Provides Advisory And Trading Services And Is Also An Introductory Broker For Saxo Capital Markets Ltd, Saxo Bank's Australian Subsidiary. This Partnership Gives Propex24 Clients Access To A Wide Range Of Trading Options Including CFDs, Options, Futures And Forwards. In Addition, Clients Can Trade Stocks On More Than 30 Exchanges Worldwide And Participate In Spot Trading Of Currencies And Metals. Propex24 Operates Under An ASIC (Australian Securities And Investments Commission) License Number AFSL 246488.
Propex24 Is The Introducing Broker For Saxo Capital Markets, The Australian Arm Of Saxo Bank, A Well-known Investment, Brokerage And Banking Holding Company. Both Propex24 And Saxo Capital Markets Operate Under ASIC's Regulatory Oversight To Ensure Their Reliability And Stability. However, ASIC Regulations Do Impose Certain Restrictions, Such As A Maximum Leverage Of 1:30 For Propex24 Clients And A Minimum Deposit Requirement Of AUD $3,000.
As Of 2023, Propex24 Does Not Offer Cryptocurrency Trading And Focuses Primarily On Currencies, Commodities, Stocks And Bonds. The Broker Offers A Multi-functional Platform For Trading Derivatives, Including CFDs, Options And Futures, As Well As Real Stocks And ETFs On Stock Exchanges.
Deposits And Withdrawals At Propex24 Are Limited To Bank Transfers And Associated Cards. Digital Assets And Electronic Payment Systems Are Not Currently Supported. Opening An Account May Take Some Time As Applicants Are Required To Answer Trading-related Questions And Upload Documents Immediately. It Is Important To Note That The Company May Reject An Applicant's Account Application If It Is Considered That They Have Insufficient Knowledge Of Forex And CFDs.
Advantages Of Trading On Propex24:
Reliable Regulation And Long-term Presence In Financial Marekt Since 2005.
More Than 40,000 Assets.
Advanced Training On The Website And Free Access To Comprehensive Educational Courses.
10 Base Account Currencies.
Floating Spreads Start From 0.3 Pips.
There Are No Fees For Deposits And Withdrawals.
Demo Accounts And Mobile Versions Of The Trading Platform Are Available.
Disadvantages Of Propex24:
Minimum Deposit Is AUD 3,000 Or Equivalent In Other Currencies, No Cent Account Is Available.
Maximum Leverage Is 1:30.
Payment Options Are Limited As Only Bank Transfers And Bank Card Payments Are Supported.
Trading Account Open
To Start Trading With Propex24, Open A Real Account. Here Is A Brief Overview Of The Account Creation Process:
1 On Any Page Of The Propex24 Website, Click On "Start Trading" And Select "Live Trading".
2 A Form Will Open To Initiate The Account Opening Process For Saxo Bank, The Entity That Will Process Your Trading Orders. Select The Desired Account Type And Provide All The Required Information, Including Personal Details, Amount And Source Of Income, And Level Of Trading Experience. You Will Also Need To Answer Questions About Your Experience Trading Selected Asset Classes And Upload The Necessary Documents.
User Account Features Of Propex24:
1. Trading On The Web Trading Platform.
2. Market Data Applicable To Trading.
Additional Features Of Propex24 User Accounts Allow Traders To:
Access Complete Information About Trading Accounts.
Deposit Funds And Submit A Withdrawal Request.
Set Up An Automatic Logout Command.
Select The Language, Region And Trading Server Time.
Configure Price Alerts.
Account Type
A Real Account With Propex24 Is Required To Start Trading On Its Platform. Prospective Clients Can Choose To Open A Live Account For Live Market Trading Or Open A Demo Account For Demo Trading.
Account Type: Live Account
These Accounts Are Categorized As Individual, Joint, Sole Proprietorship, Corporate, Trust Or Pension Fund Accounts. Individual Accounts Are Available For Retail Traders. It Is Opened At Saxo Capital Markets As Propex24 Is An Introductory Broker And Does Not Manage Accounts.
Islamic Accounts Are Not Currently Available. Demo Accounts Are Valid For A Maximum Period Of 20 Days.
Propex24 Offers An Advanced Platform For Trading Basic And Derivative Financial Instruments, Including 9 Chart Types, Asset Filters, Price Alert Support, And Autochartist Data.
Deposits And Withdrawals
Withdrawal Requests And Fund Transfers Are Handled By Saxo Capital Markets, Where Traders Initially Open Their Live Accounts.
There Are Two Ways To Submit A Withdrawal Request, Either Online Via An Account Or By Emailing A Completed Form. There Is No Fee For The First Method, While There Is A $30 Fee For The Second.
Requests Submitted Before 14:00 (CET) Will Be Processed On The Next Business Day; Subsequent Requests Will Be Processed Within 2 Days.
Customers Can Only Withdraw Funds From Their Live Account To A Bank Account Under Their Name. Direct Withdrawals To Bank Cards Are Not Possible.
Bank Fees May Apply, But Saxo Bank And Propex24 Do Not Charge Withdrawal Fees.
Investing, Options
Although Propex24 Is Primarily Focused On Trading And Its Platform Does Not Support Social Trading, It Is Still Possible For Clients To Generate Passive Income Through Saxo Capital Markets' Investment Products. By Signing Up For Propex24, You Automatically Become A Client Of Saxo Bank, Which Promotes Saxo Capital Markets As A Major Player In The Investment Market. This Dual Relationship Allows You To Explore Saxo Bank's Services And Potentially Diversify Your Investment Strategies Beyond Speculative Trading.
Selectable Investment Products For Propex24 Bohui Clients
Traders From Certain Regions Can Use The Platform To Quickly Find Promising Investment Assets And Study Their Market Data. There Are Five Pricing Plans With Different Amounts Of Initial Investment And Commission. Available Asset Classes Include Stocks, Mutual Funds, Stock Indices And ETFs From Different Regions Such As Asia, USA And Europe.
Another Option For Passive Income Is To Invest In A Ready-to-be-held Portfolio From SaxoSelect. There Are Seven Portfolios To Choose From With Different Risk Levels, With Expected Returns Ranging From 2.24% To 235.71%. The Management Fee Is 0.75% Of The Portfolio Value. The Minimum Investment Amount Is EUR 10,000. If The Investor Earns A Profit, The Broker Retains An Additional 20% Of It As A Performance Fee.
The Platform Broadcasts Trading Signals For Forex, Index CFDs, Real Stocks And Stock CFDs. These Are Autochartist Signals Formed Based On Technical Analysis Patterns. They Can Be Used For Semi-automatic Trading Of Any Amount.
Affiliate Program For Propex24:
Propex24 Does Not Have An Affiliate Program, But Retail Clients Of This Broker Can Participate In The Refer A Friend Offer From Saxo Bank. Separate Registration Is Not Required, As Traders Automatically Open A Trading Account With Saxo. Current Saxo Customers Are Rewarded If A New Customer Signs Up And Makes A Deposit Using Their Referral Link. The Referral Bonus Amount And The Requirements For The Referrer's Initial Deposit Vary From Country To Country.
In Addition, Introductory Broker And White Label Partner Solutions Are Available, But They Are For Institutional Partners, Not Retail Partners.
Customer Support
Customer Support Runs 24/5. The Default Communication Language Is English.
There Are Several Ways To Contact Propex24:
Send Questions In The Site Chat.
Use Facebook Messenger (toggle Through Live Chat).
Send An Email.
Call The Phone Number Listed On The Company's Website.
Fill Out The Contact Form Provided In The Contacts Section.
