Praftex Group: customer reviews about the company’s work in 2024.
**Praftex Group: customer reviews of the company’s work in 2024**
The company Praftex Group positions itself as one of the leaders in online brokerage with a multi-million client base worldwide. However, recently emerged reviews and evaluations of the organization predominantly reflect its activities in a negative light. Users complain about the loss of funds due to the actions of Praftex Group. A more detailed analysis of the reasons why we consider this company less attractive for investment is presented in our independent review.
Main aspects of Praftex Group
According to the company’s statements, Praftex Group was established in 2015 and began its operations in the Russian-speaking segment since 2017. The broker claims to be a fast-growing and trustworthy enterprise. However, there is no confirmation of significant work experience on the platform.
After analyzing the domain history, we found that the site praftex-group.com was launched only on September 27, 2023. The new enterprise has been in existence for only a few months and is trying to build a positive reputation using commissioned reviews and feedback. All of them are uniform and appeared in a short period. Novices may not notice this and become victims of scammers.
Legality of operations
On the Praftex Group platform, there are no scanned copies of a registration certificate and a license confirming the seriousness of intentions and compliance with laws. Considering that the company has indicated an address in London, it should have obtained permission to conduct operations in this jurisdiction. However, scammers are not interested in working with a license at all. They did not even attempt to obtain approval from the British regulator FCA. Praftex Group is not listed among the licensees of this regulator.
Trading opportunities
Praftex Group offers convenient trading of CFDs and other derivatives on various assets, including Forex currency pairs, indices, stocks, commodities, cryptocurrencies. The minimum losses on this platform amount to $1,000, but according to customer reviews, the company aims to maximize profits from traders’ wallets.
Trading offer features:
- three contracts with entry thresholds ranging from $1,000 to $50,000,
- leverage up to 1:100 (three times higher than the leverage level allowed by the British regulatory authority),
- instant execution of trading orders,
- under various tariff plans, scammers promise deposit protection, insurance, trading in metals and cryptocurrencies, as well as round-the-clock support.
Based on feedback, financial reliability should not be expected from Praftex Group. The company deliberately does not specify the size of commissions and rules. Conditions change almost on the fly.
Company reviews
Scammers use commissioned reviews and feedback to attract the attention of newcomers. However, the truth always becomes apparent. Reviews from real users have already appeared on the Internet.
Financial risks
Praftex Group starts by creating an illusion of successful trading to convince the user of their success on the platform. They will advise to increase trading volumes and switch to more expensive tariffs with higher entry thresholds. However, in reality, all user funds go into the pockets of scammers. The trader realizes this when trying to withdraw profits. They will be required to pay high commissions and insurance. Even if the user agrees to these conditions, they will not receive their capital. The result of dealing with scammers will be the blocking of the account.
In conclusion
By collaborating with Praftex Group, there is a risk of losing all invested funds, as fraudsters seek to enrich themselves at the expense of others. To avoid becoming a victim of scammers, it is always important to carefully check information about brokers, the presence of official documents, and study reviews from real customers. This will help choose a financial partner that can be relied upon.