Online Trading Starts Here
EN /brokers/forex/view/propex24/
AR Arabic
AZ Azerbaijan
CS Czech
DA Danish
DE Deutsche
EL Greek
EN English
ES Spanish
ET Estonian
FI Finnish
FR French
HE Hebrew
HI Hindi
HU Hungarian
IND Indonesian
IT Italian
JA Japan
KK Kazakh
KM Khmer
KO Korean
MS Melayu
NB Norwegian
NL Dutch
PL Polish
PT Portuguese
RO Romanian
... Русский
SV Swedish
TH Thai
TR Turkish
UA Ukrainian
UZ Uzbek
VI Vietnamese
ZH Chinese
6.48/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • 3000 AUD
Trading platform:
  • TraderPro
  • TraderGO
Regulation:
  • ASIC
Check out the Best Forex brokers of United States
flag
Propex24 isn't available in

Our Evaluation of Propex24

6.48/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Propex24 is a moderate-risk broker with the TU Overall Score of 6.48 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Propex24 clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

Propex24 provides access to investment products, trading platforms, and tools offered by Saxo Bank. However, it's important to note that clients cannot utilize the widely-used MetaTrader trading platforms or engage in copy trading, a popular Forex social trading method.

Brief Look at Propex24

Propex24 offers consulting and dealing services, and also serves as an introducing broker for Saxo Capital Markets Ltd., an Australian subsidiary of Saxo Bank. This partnership grants Propex24 clients access to a wide array of trading options, including CFDs, options, futures, and forward contracts. Additionally, clients can trade stocks on over 30 global exchanges and engage in spot trading with currencies and metals. Propex24 operates under an ASIC (Australian Securities and Investments Commission) license, number AFSL 246488.

We've identified your country as US US

We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.

Explore the 5 top-rated companies in US US :

1
Visit broker
Your capital is at risk.
2
Visit broker
Your capital is at risk.
3
Visit broker
Your capital is at risk.
4
Visit broker
Your capital is at risk.
5
Visit broker
Your capital is at risk.
See the full list of recommended companies
1
Visit exchange
Your capital is at risk.
2
Visit exchange
Your capital is at risk.
3
Visit exchange
Your capital is at risk.
4
Visit exchange
Your capital is at risk.
5
Visit exchange
Your capital is at risk.
See the full list of recommended companies
1
Visit broker
Your capital is at risk.
2
Visit broker
Your capital is at risk.
3
Visit broker
Your capital is at risk.
4
Visit broker
Your capital is at risk.
5
Visit broker
Your capital is at risk.
See the full list of recommended companies
Advantages of trading with Propex24:
  • Reliable regulation and long-standing presence in financial markets since 2005.
  • Over 40,000 assets.
  • Advanced training on the website and free access to comprehensive educational courses.
  • 10 base account currencies.
  • Floating spreads starting from 0.3 pips.
  • There are no fees for deposits and withdrawals.
  • Demo accounts and mobile versions of the trading platform are available.
Disadvantages of Propex24:
  • The minimum deposit is AUD 3,000 or an equivalent in another currency, and cent accounts are not available.
  • Maximum leverage is 1:30.
  • Limited payment methods, as only bank transfer and card payments are available.

TU Expert Advice

Anton Kharitonov

Financial expert and analyst at Traders Union

Propex24 is an introducing broker for Saxo Capital Markets, the Australian division of the prominent investment, brokerage, and banking holding company, Saxo Bank. Both Propex24 and Saxo Capital Markets operate under the regulatory oversight of the ASIC, ensuring their reliability and stability. However, ASIC regulation does impose certain limitations, such as a maximum leverage of 1:30 for Propex24 clients and a minimum deposit requirement of AUD 3,000.

As of 2023, Propex24 does not offer cryptocurrency trading, focusing primarily on currencies, commodities, stocks, and bonds. The broker provides versatile platforms for trading derivatives, including CFDs, options, and futures, as well as real stocks and ETFs on stock exchanges.

Depositing and withdrawing funds at Propex24 are limited to bank transfers and linked cards. Digital assets and electronic payment systems are not currently supported. Account opening may take some time, as applicants need to answer trading-related questions and upload documents immediately. It's worth noting that if an applicant's knowledge of Forex and CFDs is deemed insufficient, the company may decline their account application.

Propex24 Trading Conditions

Your capital is at risk.  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

💻 Trading platform: TraderGo и TraderPro
📊 Accounts: Demo, Live
💰 Account currency: USD, EUR, GBP, AUD, CAD, CHF, JPY, HKD, NZD, SGD
💵 Deposit / Withdrawal: Credit/debit cards, bank transfer
🚀 Minimum deposit: AUD 3,000 or equivalent in other currency
⚖️ Leverage: Up to 1:30
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 EUR/USD spread: 0,6-1,1 pips
🔧 Instruments: Forex, FX options, CFDs, stocks, ETFs, futures, bonds, listed options
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: Saxo Bank, JP Morgan, Barclays, Commerzbank, Credit Agricole, HSBC Bank and 40+ other providers
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Order execution: Market Execution
⭐ Trading features: Trades are executed by Saxo Bank, cryptocurrency trading is not available
🎁 Contests and bonuses: No

Retail traders can start trading with a deposit of AUD 3,000, while the minimum deposit for corporate clients is AUD 10,000. Other account currencies can also be selected. Spreads for all assets are floating, and order execution is market-based. Margin rates for major currency pairs in retail trading start at 3.33%, while for traders with Professional status, they start at 1.5%. Leverage does not exceed 1:30, as per with ASIC (Australian Securities and Investments Commission ) regulations.

Propex24 Key Parameters Evaluation

User Satisfaction i

Score:
6/10

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
bendofx
24 weeks ago

propex24 enjoys a high level of trust thanks to its long-standing presence in the market since 2005 and its sound regulatory framework. This gives confidence that the company is not only reliable, but also transparent. The advantage is that traders can feel protected by the fact that the company's shares are monitored by reputable regulators. But despite this, I can't say I'm thrilled with everything. I'm a little taken aback by the high minimum deposit of A$3,000. For many beginners or those who just want to try it out, this amount can be quite high. In addition, the lack of penny accounts limits the possibilities for small transactions, which isn't very practical either. I'd like to see the company offer more flexible conditions for starting to trade, such as a lower minimum deposit or the possibility of opening a penny account.

propex24 jouit d'une grande confiance en raison de sa longue présence sur le marché depuis 2005 et de sa bonne réglementation. Cela donne l'assurance que la société est non seulement fiable, mais aussi transparente. L'avantage est que les traders peuvent se sentir protégés par le fait que les actions de la société sont contrôlées par des régulateurs réputés. Mais malgré cela, je ne peux pas dire que je suis ravi de tout. Je suis un peu déconcerté par le dépôt minimum élevé de 3 000 dollars australiens. Pour de nombreux débutants ou ceux qui veulent juste s'essayer, ce montant peut être assez élevé. En outre, l'absence de comptes en cents limite les possibilités de petites transactions, ce qui n'est pas très pratique non plus. J'aimerais que la société offre des conditions plus souples pour commencer à trader, par exemple un dépôt minimum plus faible ou la possibilité d'ouvrir un compte en cents.

Avatar
Avatar
xgamblers90
28 weeks ago

Propex24 is a broker that has already earned the trust of over 40,000 active traders. This popularity speaks for itself: the company manages to retain its customers thanks to the quality of its services and its reliability. I think so many people can't be wrong, and that's an excellent indicator of the broker's success. Such a large number of users also creates a sense of trust - if the broker is so popular, it means he can really be trusted. But this is not without its drawbacks. The maximum leverage of 1:30 limits the scope for more active trading. This can be particularly troublesome for those who prefer riskier strategies with higher leverage. For experienced traders accustomed to leverage of 1:100 or more, such limitations can be a serious disadvantage.

Propex24 est un courtier qui a déjà gagné la confiance de plus de 40 000 traders actifs. Cette popularité parle d'elle-même : la société parvient à fidéliser ses clients grâce à la qualité de ses services et à sa fiabilité. Je pense qu'autant de personnes ne peuvent pas se tromper, et c'est un excellent indicateur du succès du courtier. Un tel nombre d'utilisateurs crée également un sentiment de confiance - si le courtier est si populaire, c'est qu'on peut vraiment lui faire confiance.
Mais cela n'est pas sans inconvénients. L'effet de levier maximal de 1:30 limite les possibilités de transactions plus actives. Cela peut être particulièrement gênant pour ceux qui préfèrent des stratégies plus risquées avec l'utilisation d'un effet de levier plus important. Pour les traders expérimentés qui sont habitués à un effet de levier de 1:100 ou plus, de telles limitations peuvent constituer un sérieux désavantage.

Avatar
Avatar
wzf1209
39 weeks ago

Propex24's TraderGo platform, designed for retail trading, offers a distinct experience compared to MetaTrader. It was particularly challenging to understand the commission calculations due to the numerous pop-up windows. However, I liked the asset search feature: you don't need to enter the full ticker, it finds results even with the first letter. The trading conditions are quite favorable for the client. I haven't seen any exorbitant spreads with Propex24, and there are no hidden fees. The platform has a lot of analytics and an integrated economic calendar. The selection of currency pairs is excellent as I've never seen such diversity with any other broker. They could improve the choice of payment systems, but it seems easier to comply with ASIC requirements this way.

Avatar
Avatar
umerpioneer
42 weeks ago

I like the Propex24 trading platform. Initially, it was a little inconvenient because I'm used to MT4, but once I got familiar with the functionality, it became easier. There are 61 technical indicators available, but I only use three of them, RSI, MACD, and BOLL. I test new trading techniques and signals from Autochartist on the demo account. In fact, I started my work with Propex24 using this account because I needed to learn the trading platform and check the spreads at different volatility levels. Overall, I'm satisfied with the broker. If you can put up with the bank fees, you can trade long-term.

Avatar
Avatar
fxslayer
46 weeks ago

Initially, I wanted to trade currencies through Saxo Bank, but the minimum deposit of $10,000 stopped me. Fortunately, I discovered Propex24, their Introducing Broker (IBs), which offered much more lenient first deposit requirements. I was worried that additional fees might arise from trading through an intermediary, but fortunately, there are none. As my profits started to grow, I invested funds in a Propex24 managed portfolio with a moderate risk level, targeting potential returns exceeding 25% of my investment. If I don't make a profit, I will only pay €92 for its management, but I hope that it's managed by competent traders and there will be growth.

Score:
0/10

Trading Account Opening

To start trading with Propex24, open a live account. Here is a brief overview of the account creation process:

1

On any page of the Propex24 website, click "Start Trading," and then select “Live Trading.”

2

A form will open to initiate the account opening process with Saxo Capital Markets, the entity that will handle your trading orders. Select the desired account type and provide all required information, including personal details, income amount and source, and level of trading experience. You'll also be asked to answer questions regarding your experience trading the selected asset classes and upload the necessary documents.

3

Propex24’s user account features:

1. Trading in the web trading platform.
2. Market data applicable to trading.

Additional features of Propex24’s user account allow traders to:

  • Access complete information about trading accounts.

  • Deposit funds and submit withdrawal requests.

  • Set commands for automatic logout.

  • Choose language, region, and trading server time.

  • Configure price alerts.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
8/10

Regulation and safety

Propex24 has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Tier-1 regulated
Disadvantages
  • No negative balance protection
  • Track record of less than 8 years

Propex24 Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
ASIC ASIC Australian Securities and Investments Commission Australia No specific fund but has stringent consumer protection Tier-1

Propex24 Security Factors

Foundation date -
Negative balance protection No
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
6/10

Commissions and fees

The trading and non-trading commissions of broker Propex24 have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • No inactivity fee
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • Above-average Forex trading fees
  • No ECN/Raw Spread account

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Propex24 with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Propex24’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Propex24 Standard spreads

Propex24 Pepperstone OANDA
EUR/USD min, pips 0,6 0,5 0,1
EUR/USD max, pips 1,1 1,5 0,5
GPB/USD min, pips 1,2 0,4 0,1
GPB/USD max, pips 1,9 1,4 0,5

Does Propex24 support RAW/ECN accounts?

As we discovered, Propex24 does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Propex24. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Propex24 Non-Trading Fees

Propex24 Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 0 0 0
Withdrawal fee, USD 0 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
0/10

Account types

A live account with Propex24 is necessary to initiate trading on its platforms. Prospective clients have the option to open either a Live account for real market trading or a Demo account for simulated trading.

Account types:

Account Type
Description
Live Accounts
Those are divided into Individual, Joint, Sole Trader, Company, Trust, or Superannuation Fund accounts. The Individual account is for retail traders. It is opened with Saxo Capital Markets since Propex24 is an introducing broker and does not manage accounts.

Islamic accounts are currently unavailable. The demo account is available for up to 20 days.

Propex24 offers advanced platforms for trading basic and derivative financial instruments with 9 chart types, asset screeners, price alert support, and Autochartist data.

Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
6.45/10

Deposit and withdrawal

Propex24 received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

Propex24 provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Advantages
  • Supports 5+ base account currencies
  • No deposit fee
  • Bank card deposits and withdrawals
  • Low minimum withdrawal requirement
Disadvantages
  • Minimum deposit above industry average
  • Limited deposit and withdrawal flexibility, leading to higher costs
  • BTC payments not accepted

What are Propex24 deposit and withdrawal options?

Propex24 provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.

Propex24 Deposit and Withdrawal Methods vs Competitors

Propex24 Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC No No No

What are Propex24 base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Propex24 supports the following base account currencies:

What are Propex24's minimum deposit and withdrawal amounts?

The minimum deposit on Propex24 is $2000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Propex24’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
8.25/10

Markets and tradable assets

Propex24 offers a wider selection of trading assets than the market average, with over 33541 tradable assets available, including 185 currency pairs.

Advantages
  • ETFs investing
  • 185 supported currency pairs
  • 33541 assets for trading
Disadvantages
  • Indices not available
  • Crypto trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Propex24 with its competitors, making it easier for you to find the perfect fit.

Propex24 Plus500 Pepperstone
Currency pairs 185 60 90
Total tradable assets 33541 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto No Yes Yes
Stock indices No Yes Yes
Options Yes Yes No

Investment options

We also explored the trading assets and products Propex24 offers for beginner traders and investors who prefer not to engage in active trading.

Propex24 Plus500 Pepperstone
Bonds Yes No No
ETFs Yes Yes Yes
Copy trading No No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
5.24/10

Customer support

Information

Client support operates 24/5. The default language of communication is English.

Advantages

  • It is possible to communicate with the company's representative online and by phone
  • Support for traders is available at any time of day on weekdays

Disadvantages

  • The chat response speed is slow
  • Questions about trade execution speed and quality need to be directed to Saxo Bank's support team.

There are several ways to contact Propex24:

  • Send a question in the website chat.

  • Use the Facebook Messenger (switch through the online chat).

  • Send an email.

  • Call the phone numbers listed on the company website.

  • Fill out the contact form available in the contacts section.

The chat remains active for 24 hours even if the trader is inactive, allowing the discussion of the question or issue to be resumed later if desired.

Contacts

Registration address Propex 24 Pty Ltd, Level 24, 66 Goulburn St, Sydney, Australia 2000
Regulation ASIC
Official site https://propex24.com/
Contacts
(02) 8231 3650
Score:
6.25/10

Education

Information

Propex24 is part of Propex, a company that has been providing professional trading education since 2007. As a proprietary trading firm, Propex funds live accounts for the top-performing students after a 9-week training program, allowing them to become internal traders at Propex. The Propex24 website also features a comprehensive Education section with educational content.

What is on the Propex24’s website in the Education section
What is not on the Propex24’s website
18 basic trading tutorials
Manuals for using TraderPro and TraderGo trading platforms
A blog with articles for newbies in CFD and Forex trading
A course on Futures
Market hours
Links to useful resources for traders
Economic Calendar

Soon, the company will add the option to participate in webinars. Currently, a demo account can be used to gain practical trading experience.

Comparison of Propex24 with other Brokers

Propex24 Eightcap XM Group RoboForex Markets4you Octa
Trading
platform
TraderPro MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MobileTrading, MT5 MetaTrader4, MetaTrader5, OctaTrader
Min deposit $3000 $100 $5 $10 No $25
Leverage From 1:1
to 1:30
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:10
to 1:4000
From 1:40
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No 10.00% No No
Spread From 0.3 points From 0 points From 0.8 points From 0 points From 0.1 points From 0.6 points
Level of margin call
/ stop out
No 80%  /  50% 100%  /  50% 60%  /  40% 100%  /  20% 25%  /  15%
Order Execution Market Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No No No Yes Yes No

Detailed Review of Propex24

Propex24 strives to offer competitive pricing to clients while adhering to all ASIC regulatory requirements. They stand out with a wide selection of currency pairs and stocks. To benefit traders, Propex24 obtains liquidity from major banks and ECN networks, ensuring deeper markets and potentially tighter spreads. They also use technologies to prevent negative balances and minimize premature stop-outs, which can help protect your account during periods of high volatility.

Propex24 by the numbers:

  • Over 15 years in the financial markets.

  • More than 50 tier-one liquidity providers.

  • 40,000+ trading instruments.

Propex24 is a broker for spot trading and forward contracts

Propex24 offers a wide range of assets, including over 19,000 stocks in CFD format from 36 exchanges worldwide. The broker also offers 19 commodity CFDs, including on energies, agricultural products, and metals, with leverage up to 1:5. Spot trading is available for silver, platinum, and palladium, while gold is traded against 12 currencies.

In the Forex market, Propex24 offers not only spot trading with 185 pairs but also the ability to trade forward contracts, allowing traders to predefine the exact date and price for 130 currency pairs. The contract maturity periods range from 1 day to 12 months. Professional clients can also trade NDFs (non-deliverable forwards) with a minimum trade size of $100,000 and support for 10 currency pairs.

Propex24’s analytical services:‌ ‌

  • Market Hours. Displays the opening/closing times of the American, Asian, and European markets, as well as the maximum spread, volatility, and trading volume for the selected instrument.

  • Economic Calendar. A list of upcoming events that could impact market conditions, with data streamed from TradingView.

  • TraderGo Mobile Apps. Trading platforms adapted for smartphones and tablets with Android and iOS.

  • Demo Account. Account for trading with virtual funds in a simulator that fully replicates the real market's opening/closing positions.

Advantages:

1

Liquidity from numerous reputable providers.

2

Partnership with Saxo Bank, a reliable and regulated holding operating for over 30 years.

3

24/5 client service and technical support.

4

Streaming of fresh market analytics, trading signals, news, and economic calendars on the trading platform.

5

High order execution speed without requotes.

Propex24 offers five-digit currency quotes, lower commission rates for active traders, and additional trading advantages for professional market participants.

Articles that may help you

Propex24 Fees and Spreads (July 2025)
How To Use The Triple Exponential Moving Average
Is Forex Trading Halal Or Haram? Complete Guide
Alligator Indicator
How to Use the Traders Dynamic Index
How To Use Donchian Channels To Spot Real Breakouts
Jabulani Ngcobo Trading Strategy, Net Worth And Portfolio
Kathy Lien
How To Use The Market Facilitation Index To Read Real Market Strength

Check out our reviews of other companies as well

Team that worked on the article