Probot24 Review

About Probot24

Probot24 operates the trading website probot24.com, offering CFDs on forex, indices, commodities, and shares. The site markets three account tiers—Micro (€250 minimum, up to 1:100 leverage), Standard (€2,500 minimum, up to 1:200 leverage, fixed forex spreads), and Premium (€10,000 minimum, up to 1:500 leverage)—with “no commissions,” MetaTrader 4, webtrader, and mobile access. Contact details published on the site include support@probot24.com and “125 Old Broad St, London EC2N 1AR, UK,” and a client area at client.probot24.com. Official site, Official site

Account pages specify additional trading conditions: Micro accounts list spreads “from 1 pip,” EUR as the account currency, market execution, margin call/stop-out at 40%/10%, and a maximum of 150 simultaneous orders; Standard accounts state fixed forex spreads, EUR as the account currency, market execution, margin call/stop-out at 50%/20%, and up to 300 simultaneous orders, with text noting compatibility with Expert Advisors. Mobile pages describe MT4 features for iOS and Android. Official site, Official site

Legal and regulatory disclosures on the site include a Risk Disclosure that names “YOURT NORTH LTD” as the contracting party for CFDs/FX. The UK Companies House register lists YOURT NORTH LTD (company no. 13380649) as dissolved on 11 October 2022. A separate “Regulations” page asserts that Probot24 is “authorized and regulated in several countries” and references a “Compensation fund: €550,000 per complaint; Date of registration: 26.05.17; Membership status: Active,” but does not name a competent authority or licence number. Where site claims conflict with official registers, reliance should be placed on the official register entry. Companies House, Official site

Pros and cons

Pros

• Three account tiers with stated minimum deposits and leverage; published margin call/stop-out levels. Official site
• MetaTrader 4, webtrader, and mobile apps described on the site. Official site
• Standard account page describes fixed forex spreads and mentions compatibility with Expert Advisors. Official site
• IB page states negative balance protection and segregated client funds. Official site

Cons

• The Risk Disclosure names “YOURT NORTH LTD,” while Companies House records show this company (13380649) was dissolved on 11 October 2022. Companies House
• The “Regulations” page asserts authorisation and a “€550,000 compensation fund” but provides no regulator name or licence/registration number. Official site
• Very high advertised leverage (up to 1:500 on Premium) relative to many regulated retail regimes. Official site
• Micro and Standard account pages specify EUR as the sole account currency. Official site