The intermediary claims that Propelix LLC, which operates the site, is registered in the West Indies (Saint Kitts and Nevis). The firm offers traders the opportunity to “unlock their trading potential”, promising to create the best conditions for this. We find these offers very tempting, but we are confused by the lack of confirmation of the company’s registration and license.
Should you register an account on this platform? How successful will your trading here turn out to be? You will find out in our Molero review how reliable this broker is and whether you can trust it with your capital.
How to Trade
Clients can use the WebTrader platform and work with 6 asset classes, such as stocks, cryptocurrencies, and so on. You need to choose one of the 5 tariffs to start and make a deposit of at least $5,000. The broker provides:
- Leverage from 100 to 500.
- Maximum trade size from 10 to 100 lots.
- Protection against negative balance.
The brokerage firm does not disclose full information about the cost of its services, including spreads and commissions. You can use crypto wallets and traditional payment systems to deposit and withdraw money.
The three social media symbols – FB, Instagram, and X – give you a quick link to the intermediary’s accounts. You’ll find asset quotes, educational resources, and personalized support on the site.
Molero Vital Info
The company does not give any information about itself on the “Our History” tab of the website; the long text there is filled with meaningless phrases about “mission” and “boundless prospects”. In accordance with the date of domain registration, the project was launched in April 2024, that is, the broker appeared quite recently. So, it is a fresh resource, and it is still difficult for us to judge its reputation among traders.
We checked the legal information about Molero, for this purpose we made a request to the global registry of legal entities. However, we did not find Propelix LLC in the lists of any country, including Saint Kitts and Nevis. It is worth noting that licensing and regulation are out of the question when a project does not have a certificate of incorporation.
SCAM!!! I lost $18K because of these bastards!!! The scammers provided me with a horrible terminal with slippages and hidden charges!!! They stole this amount from me in just one month! Broker does not approve withdrawal requests, tech support does not answer calls and letters, and the police are powerless against offshore thieves!
Traders here write reviews and judge the broker from the height of their experience. And what about newbies like me?! When I registered on this platform, there were no reviews about it at all. I believed in the promises of these crooks. As a result, I left a total of about 14,000 dollars on this fraudulent platform MOLERO, it was all my savings :( The scammers do not contact me, they are not going to be responsible for those false recommendations that gave me. I lost my funds precisely because of them.
I worked with an identical broker two years ago, but it had a different name. I remember very well that their website design and trading conditions were exactly the same as molero’s. I can't say with 100% certainty that they are the same project, but I believe that traders should be careful with this intermediary. I rely on my experience with such a company, which was as unpleasant as possible. I lost then more than $2,300 and could not get it back, because the information was fake on the website of those scammers. However, I believe that molero's registration in the West Indies, as well as the authorization from the offshore commission for financial activity - all this for European traders does not matter, it is complete nonsense. I appeal to beginners - you should know that when choosing a brokerage company you need to pay attention to the legislation of your country and the availability of a license in your jurisdiction. For example, in Spain Molero works illegally!!! For me, this also immediately became a red flag. I will not invest in this dubious resource and I do not recommend it to all other traders. There are no guarantees of earning and withdrawal of funds here.
I am very satisfied with trading on this site!!! I am sure you will never find better deals than Molero! Real professionals work in this company who will help you understand trading and then make good money by investing profitably in CFDs. II have tested the educational services provided by this broker from my own experience - they are as informative and understandable as possible. I would also like to note the friendliness of MOLERO employees - when I registered on the platform, everyone treated me with great attention. Analysts told me about all the nuances of trading, they explained to me patiently all the financial laws, progressive strategies, and features of the terminal. I made my first withdrawal after three weeks, it was a small amount of 120 euros, but I did not pay any commission! I have earnings already many times higher now on molero.io and I decided to buy my mom a new laptop so that she also tried her hand at trading. I am sure that she will do well here!! :) Dear Molero staff, thank you very much for your competence, help, quality service and individual approach!
This company promises customers ease of operation and success, but in reality this is not the case. The platform is complicated and the trading conditions are not as attractive as they sound in the self-presentation of the service on molero.io. I don't understand why the support team almost never responds, it's harder to contact them than the president of the USA. I think that this project is not worth your attention, its owners have a lot of work to do on the stability of their equipment. I can't trade here with profit, I have to endure constant glitches and program freezes, losing money every week :(. The charts often behave too inadequately on the molero terminal, I have not observed such problems with other brokers. You should not trust the promises of managers in the active development of your portfolio. I regret not doing my research before choosing this intermediary. I deposited 5 thousand dollars and have already lost more than $780 in a month here, so I will be withdrawing the rest of my deposit from here while I still have it.
Hi everyone, I am trying to work with this broker. Things didn't go so smoothly in the first month, but since Molero has free consultations, I figured out the rules of trading pretty quickly. I traded indices at first, and worked out several orders, and half of them were in profit, the rest - in loss. Indices are instruments still little known to me, but I wanted to work with them, although I didn't get high performance with indices with Molero analysts. Then I decided to try other assets a few more times, and if I realize that trading is not my vocation, I will close my account and will not return to this activity. I started trading currency pairs, which is usually recommended to all beginners. In a month I earned a net profit of a little over 200 dollars, which I thought was not a bad result to start with. Then I started trading crypto. Here my income immediately doubled. I withdrew money without problems through the crypto wallet. Now I do not want to leave Molero. I like the terminal of this broker. It is multifunctional, the interface is clear and its speed is just impressive. I also like the service. Support here is responsive, the terminal has never let me down, and in general, the platform is comfortable, with a disposable design. This broker is decent, you can cooperate with it both professionals and beginners, the main thing is to choose the right trading strategy. Everything is fast, fair and on time. From the disadvantages, I will note the fact that there are few channels for communication. I hope that Molero will correct this shortcoming in the near future. You should take into account when registering on this platform that the broker has no license and you will have to work with it on a trust basis.