The company claims to have opened up the stock market to millions of people around the world. In addition, it was allegedly the first in the UK and Europe to offer a commission-free stock trading service. According to information on the website, the project has existed for 23 years and its founders have earned a profit of $50 million.
Can users count on the safety of funds and data when working with this intermediary? Will your cooperation with it be profitable? Our review of the ProMentorExchange platform will demonstrate the technical aspects and reliability of this broker.
How to Trade
ProMentorExchange offers clients to download its platform for trading CFDs on cryptocurrency, indices, energy, and other assets. In addition, the company provides an opportunity to earn money on physical stocks.
The website provides the following broker statistics:
- Access to more than 3,500 markets.
- Integration with 500 exchanges, blockchain, and wallets.
- Trading more than 600 thousand instruments.
Five trading rates are structured by deposit amounts of 25/50/100/300/500/500 thousand dollars. The intermediary promises 90% discounts on the swap, but does not mention information about the amount of commissions, fees, or swaps.
Registered clients will get access to webinars, trading school training, and sessions with an accountant. On the website you will find market news and a contact form for technical support.
ProMentorExchange Vital Info
We were unable to find any legal documents confirming the status of an official firm. Despite the indicated 23 years of experience, the company hides information about the owners of the platform, the history, and the start of the project from clients. As for the domain, it was registered only in March 2024.
We checked the registers of legal entities and did not find the ProMentorExchange brand either in the UK or in any other suitable country. It appears that the financial organization has legal data issues. Accordingly, it has no regulation and cannot have a license. Does a broker with this name exist? It is unlikely. The platform is probable operating illegally.
I tried various brokerage sites, but I was most pleased with the performance at pro-mentorexchange.com. I've often found with other sites that the support team starts to help you and then they redirect you to another employee. This was not the case with ProMentorExchange, only one employee helped me from the beginning to the end of the process, his prompts were fast and efficient. I want to mention the excellent service, there are low spreads here, also better than many brokers. Orders are executed instantly, all quotes are accurate, deposit and withdrawal is fast, and there are also a lot of instruments. I quickly got used to working on an unfamiliar platform, although I am used to trading on meta 5, but here the terminal does not hang, everything is done conveniently. British guys have been working for many years, so the conditions on their platform are good. There are no hidden fees or commissions here. I'm glad that I moved to this particular broker.
This is a disgusting company, I saw on Promentorexchange how brazen the employees can be, their assertiveness can make you go crazy! Also, their German is not good :( They are clearly some French people scamming money out of me. I can't understand how they managed to talk me into a €25,000 deposit. I was looking for a reliable platform and wanted to start trading with a hundred euros, but I met these crooks and believed in the fairy tales about favorable conditions with an increased deposit. I had to run away from them faster than an Arabian horse. They're blatant liars! Keep in mind that you cannot have long-term relations with this company a priori. Although they write on their website that they expect to work together for a long time. What reasonable trader will cooperate with an intermediary, which has such a huge entrance, and after some success in trading you only lose and lose money!!!? The terminal is customizable, so there is no chance for a trader to make money on pro-mentorexchange.com. There is profit only on the first trades while you trade 2-3 weeks with minimal amounts. As soon as you move to large trades, managers start actively helping you to drain your balance. Quotes are fake, and analysts' recommendations work against the client. These scammers emptied my deposit by 22,000 euros and I can't withdraw the remaining money :(
I am a beginner in Forex and for me it is very important that the brokerage company has a training program for traders. Promentorexchange does not have a minimum tariff beyond trading plans, there is no demo account - this feature is not available, so I decided to open a Silver account right away. Besides, there are very good conditions for trading there and a useful webinar is provided. I have only been trading for a few weeks, so I can't give recommendations to other traders on this platform. I can only say one thing: I feel comfortable and profitable working here. I have not decided yet whether I will cooperate with this broker for a long time. There are conditions for the growth of professionalism, the company has British registration, and the site is made competently. The resource does not look like a scam, but many beginners will be disappointed by the lack of a demo account and the high entry barrier to Promentorexchange. Inexperienced traders do not want to invest immediately, without preliminary testing. I think that not only the entry threshold is high, but also the limited trading opportunities at low tariff levels are the disadvantages of this resource, not all assets you can choose to trade.
I have been trading here for a while, but to be honest, I'm not yet thrilled with the service. I left the deal in red a couple of times because there were terrible program failures. In addition, I do not like the size of commissions, there are hidden ones, which is also unpleasant. I once withdrew $800 profit, of which promentorexchange took almost $170 as a commission.
The broker has a shabby website with zero informativeness. I don't understand who can believe in the promises of these scammers. I can immediately see that promentorexchange is a scam, and its organizers are fraudsters, who clearly have more than one such project on their account. A fake company covers them, and their activity is not legal and not licensed, besides you will not find this project on social networks. If you still had the indiscretion to contact this scam, you can confirm that only fake trading is on this platform.
I had an incredibly negative experience with swaps at PROMENTOREXCHANGE. They introduced hidden fees that were not specified in any of the contracts. As a result, my swing trading turned into a nightmare, with losses totaling over $3,000 in one night. This practice seems extremely dishonest and manipulative to me.