Warning: Is Progresive Trade a Scam?

Review: Progresive Trade (progresivetrade.com)

Progresive Trade (progresivetrade.com) has been flagged as a potential fraud broker.

We found that the company name is Ailurophile Group LLC, it is located at First floor, First St Vincent Bank Ltd Building, James Street Kingstown, St. Vincent and the Grenadines, the phone number is '+447401436391, and the support email is support@progresivetrade.com.

Progresive Trade presents itself as a trading provider, but it is not authorized by any credible financial regulator, such as the FCA or SEC.

Cannot Withdraw from Progresive Trade?

If Progresive Trade refuses to release your funds, you need to act. Submit the inquiry below to talk to our cyber-forensics team for a no-obligation consultation.

Is Progresive Trade Legit?

The most alarming issue is that Progresive Trade (progresivetrade.com) has no license to operate.

Investing with unregulated firms is extremely dangerous. Legitimate firms are always licensed with bodies like the FINRA or FCA to protect investors.

Progresive Trade operates without this protection. As a result, there is no protection if they withhold your money. Many investment fraud use unregulated entities, and getting back money from them is challenging without expert help.

For example, in Europe, unlicensed firms are not covered by the Financial Ombudsman. In the US, they are not members of regulatory bodies, meaning your money is completely exposed.

How Progresive Trade Might Scam You

Investment fraud is getting smarter. Fraudsters use psychological tricks to steal your savings. Here are typical methods seen in brokers like Progresive Trade (progresivetrade.com).

The "Romance" Trap

The "Romance Scam" is a cruel tactic where scammers groom victims over months. They fake a friendship on social media. Once trust is built, they mention a special crypto opportunity. It is a lie to lure you onto a scam site like Progresive Trade.

Fake Trading Dashboards

Scammers build websites that look exactly like real trading apps. They have charts and profits that increase. But it is a game. The broker controls the numbers to make you feel rich to deposit more. When you try to withdraw, the "profits" disappear.

Other Warning Signs

• Cold Calling: They call you from "brokers" out of the blue.
• No License: The company lacks legal registration.
• Guaranteed Profits: They promise 1% daily returns or risk-free trades.
• Cannot Withdraw: You cannot get your money out. They demand "tax fees" first.
• Pressure Tactics: "Account managers" push you to invest bigger amounts.

Do not trust fake reviews. Fraudulent brokers frequently post their own 5-star comments to look legitimate.

Final Thoughts

We do not recommend Progresive Trade. It is likely a fraud. Save your funds and use a licensed broker. Avoid progresivetrade.com at all costs.