Procopy Trade Ltd Review

About Procopy Trade Ltd

Pro Copy Trade is presented on its official domain as a trading name of Pro Copy Trade (Pty) Ltd, asserting regulation by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 47490, and also referencing authorization by the Financial Services Authority of Seychelles under license number SD018. The offering includes over 1 000 tradable CFD instruments across asset classes such as Forex, shares, indices, commodities, and crypto, with leverage up to 1 000:1 and platforms like MT4, MT5, ProTrader, and AppTrader. It claims segregated client funds, negative balance protection, and ultra-low spreads from 0.0 pips.

The Seychelles Financial Services Authority issued a warning dated 4 November 2024, stating that Procopy Trade Ltd is not known to the FSA, does not hold any valid license or regulation by the FSA, and the website is not linked to any licensed entity.

The UK Financial Conduct Authority (FCA) published a warning on 11 March 2026 indicating that procopytrade.com is an unauthorized firm providing financial services without permission. Consumers dealing with this firm would lack access to protections such as the Financial Ombudsman Service or the Financial Services Compensation Scheme.

Pros and cons

Pros

• Claims to offer wide asset coverage including Forex, shares, indices, commodities, ETFs, and crypto CFDs.
• Offers multiple trading platforms (MT4, MT5, proprietary ProTrader/AppTrader) and high leverage options.

Cons

• Regulatory claims conflict with authoritative sources: the FSA Seychelles explicitly states the firm is unauthorized; the FCA confirms it is operating without authorization.
• No verifiable regulation—license numbers provided (FSCA 47490, FSA SD018) are contradicted by official warnings.
• Operating domains procopytrade.com and pro‑copytrade.com are associated with unauthorized activity.