Score
Cayman Islands
|
5-10 years
| https://praxisdigitaltrading.com/
Website
Rating Index
MT4/5
Full License
Praxis-Live
Influence
D
Influence index NO.1
Ghana 2.71
MT4/5 Identification
Full License
Influence
D
Influence index NO.1
Ghana 2.71
LicensesNo valid regulatory information, please be aware of the risk!
Cayman Islands
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
praxisdigitaltrading.com United States
VIP is not activated.
Registered Agents Inc
Agent
Address
--
PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))
LARRY MCGONEGAL
Agent
Address
--
PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))
MICHAEL BRESCIA
Officer
Start date
Status
Employed
PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))
| Praxis Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Cayman Islands |
| Regulation | No regulation |
| Market Instruments | Forex, indices, commodities, stocks, CFDs |
| Demo Account | ❌ |
| Leverage | / |
| Spread | From 0.2 pips (forex) |
| Trading Platform | / |
| Min Deposit | / |
| Customer Support | Contact form |
| Tel: +1-800-561-3599 | |
| Email: sales@praxisdigitaltrading.com | |
| Address: Level 43, AIA Tower, 183, Electric Road, North Point, Hong Kong | |
| Registered Address: CO Services Cayman Limited, PO Box 10008, Willow House, Cricket Square, Grand Cayman, KY1-1001, Cayman Islands | |
Founded in 2019, Praxis is an unregulated broker registered in Cayman Islands, offering trading in forex, indices, commodities, stocks, and CFDs. However, demo accounts are not available and the minimum deposit requirement is unclear.
| Pros | Cons |
| Various trading products | No regulation |
| No demo accounts | |
| Lack of transparency |
No. Praxis currently has no valid regulations. Please be aware of the risk!
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| CFDs | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Asset Class | Spread |
| Forex | From 0.2 pips |
| Metals | From 15 cents on gold |
| Indices | From 1 point on major indices |
| Commodities | From 1 point on major symbols |
Unfortunately, Praxis doesn’t offer a demo account, which is a huge downside for me. As a trader, I find demo accounts essential for practicing and understanding the platform before committing real money. This lack of a demo account would make me hesitant to use Praxis.
Praxis offers a variety of trading instruments, including forex, indices, commodities, stocks, and CFDs. However, they don’t offer cryptocurrencies, bonds, options, or ETFs, which limits the options I would have as a trader. I personally prefer brokers with a wider range of tradable assets.
Honestly, I wouldn't trust Praxis for trading. Since it's unregulated, there's no legal framework to protect me as a trader. The lack of investor protection makes it much riskier, so I would advise caution if you're considering this platform.
No, Praxis is unregulated. It is registered in the Cayman Islands, but it doesn't have any oversight from a financial regulatory body. As a trader, this is a red flag for me because without regulation, there's no guarantee that the platform is adhering to fair trading practices, which increases the risks significantly.
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