Company Information

Get to know ProGroup International PTY LTD

ProGroup International PTY LTD was an Australian-owned and operated multi-asset online brokerage firm headquartered in Sydney. The company provided financial product advice and dealing services in derivatives and foreign exchange contracts to both retail and wholesale clients. Established in 2018, the firm held an Australian Financial Services Licence (AFSL 504543) until it was cancelled by the Australian Securities and Investments Commission (ASIC) in January 2024 after the company was placed into external administration.

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Forex Retail BrokerPRIMARY
Financial Other Service

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ProGroup International PTY LTD

South Africa

Founded in

2007 (19 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/40

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.