Company Information

Get to know The Prax

The Prax positions itself as a "one-stop shop" for launching a forex or CFD brokerage. The company provides a comprehensive suite of services that cover the entire setup process, from initial company formation and assistance with bank accounts to providing core technology like MT4/MT5 white-label trading platforms, CRM systems, and VoIP solutions. Their mission is to simplify the complex process of creating a brokerage, allowing clients to launch their businesses quickly and efficiently by handling the technical, administrative, and operational infrastructure.

Industry

Technology Broker SetupPRIMARY
Financial Other Service

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The Prax

United States

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

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Reviews

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.