ASIC — Australia
PROPEX 24 PTY LTD
Regulated · No. 246488
Propex24 Review — Overview
Regulation
Tier-1 regulated
Licence
ASIC · No. 246488
Licence status
Regulated
Platforms
TraderPro, TraderGo APP
Instruments
Futures, Equities, CFDs, Options
Typical spread
/
Operating
Est. 2017
Main market
MY
Entity
PROPEX 24 PTY LTD
Website
Unknown
Propex24 is a forex & CFD broker based in Australia, established in 2017. On Trust Broker Hub it holds a Trust Score of 5.4 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
Crucially, Propex24 is regulated by ASIC, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
Propex24 provides access to Futures, Equities, CFDs, Options. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, Propex24 has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
Propex24 currently scores 5.4/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Trading conditions and fees not publicly disclosed
- Always verify the licence directly before depositing
Regulation
Tier 1 · Top
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Futures, Equities, CFDs, Options, Forex, Bonds |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | / |
| Platforms | TraderPro, TraderGo APP |
| Demo account | ✅(100,000 USD virtual fund) |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on Propex24
Our analysis · editorial
5.4/10
A mixed risk profile
Propex24 holds a tier-1 regulatory licence (ASIC). Based in Australia, it has been operating for about 9 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 5.4/10 — a mixed profile.
Strengths
- Authorised by a tier-1 regulator (ASIC)
- Operating for 9 years
- No complaints on record with us
- Supports TraderPro & TraderGo APP trading
Watch-outs
- Always confirm the licensed entity covers traders in your country
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
Propex24 — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag Propex24 here if that changes.
Full specifications
Regulated region
Australia
Operating period
20+ years
Main market
MY
Licensed entity
PROPEX 24 PTY LTD
License status
Regulated
Instruments
Futures, Equities, CFDs, Options, Forex, Bonds
Year founded
2017
Frequently asked
Is Propex24 a safe broker?
Propex24 scores 5.4 / 10 on our Trust Score, above the 3.3 industry average. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the Propex24 trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from Propex24?
Propex24 doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.