General Information About the Broker
PrideForexAsia (prideforexasia.com) claims UK regulation and multi-asset offerings. However, BrokersView labels the firm “SCAM” and “Unregulated”. They advertise tight spreads, instant withdrawals, and top-tier liquidity. Yet their online identity shows no transparent history or presence.
Claimed Licenses and Regulation
Despite UK regulation claims, PrideForexAsia holds no FCA authorization . BrokersView confirmed this lack of valid license. WikiFX also notes “No Regulation” status. The absence of legitimate oversight is a crucial scam warning.
Trading Conditions
PrideForexAsia broker review finds vague trading terms. They promise 0.0 pip spreads and high leverage. They offer fast withdrawals, yet user testimonials contradict that. No official fee schedule or account disclosures exist. That hides true costs and risks.
Trading Platform and Technology
They offer web and mobile platforms visible on the landing page . However, no proof links to MT4 or MT5 live execution. Their “instant deposit and withdraw” claim fails given real delays .
Client Reviews and Feedback
One investor lost $5,000 after pending withdrawal for days. Recoverly Ltd details fake profits and hidden fees near withdrawals. BrokersView warns users repeatedly about inability to withdraw.
Potential Scam Strategies
PrideForexAsia may attract traders using fake dashboards and claims.
They allow small withdrawals to build trust.
Then they block accounts or demand surprise fees.
Support stops answering once large deposits happen.
Expert Opinion
Based on missing FCA regulation, negative reviews, and withdrawal complaints, PrideForexAsia is high-risk. The broker’s fake licensing claims and user warnings confirm scam status. This PrideForexAsia broker review validates their fraudulent behavior.
Conclusion
The PrideForexAsia broker review exposes several scam indicators. They falsely claim regulation, hide fees, use misleading profit dashboards, and delay withdrawals. We strongly advise avoiding PrideForexAsia entirely. Instead, use brokers regulated by FCA, CySEC, or ASIC. Verify genuine licenses, transparent terms, and real user testimonies before investing.
