BrokersView
Search
Download
English
Sign In

FXPROX TRADE

Save

Operating status: SCAM

Website: https://fxproxtrades.com/

Broker violations and abnormal records
  • 2024-06-04 The FCA issues a warning against FXPROX TRADE

    On June 5, 2024, the Financial Conduct Authority (FCA) issued a warning against FXPROX TRADE, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fxprox-trade

    On June 5, 2024, the Financial Conduct Authority (FCA) issued a warning against FXPROX TRADE, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fxprox-trade
  • 2024-06-05 BrokersView has reviewed that FXPROX TRADE is an unregulated broker

    The website of FXPROX TRADE appears to be poorly maintained, with part of it displaying a "404" error. This lack of attention to detail raises questions about the broker's credibility.

    While FXPROX TRADE attempts to build its reputation, there is no regulatory information available on its website to substantiate its legitimacy. The broker claims to have a UK phone number, implying a potential UK office. However, the Financial Conduct Authority (FCA), the UK's financial regulator, has issued a warning against FXPROX TRADE, identifying it as an unauthorized entity.

    In essence, FXPROX TRADE is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    FXPROX TRADE appears to be a scam.

    The website of FXPROX TRADE appears to be poorly maintained, with part of it displaying a "404" error. This lack of attention to detail raises questions about the broker's credibility.While FXPROX TRADE attempts to build its reputation, there is no regulatory information available on its website to substantiate its legitimacy. The broker claims to have a UK phone number, implying a potential UK office. However, the Financial Conduct Authority (FCA), the UK's financial regulator, has issued a warning against FXPROX TRADE, identifying it as an unauthorized entity.In essence, FXPROX TRADE is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.FXPROX TRADE appears to be a scam.

Related Complaints

Q&A

Hi. Where can I check FXPROX TRADE's accounts details?

Derek
Canada
2024-06-11
ANSWER FXPROX TRADE is not regulated and thus we suggest you avoid using it.FXPROX TRADE's website is poorly maintained, displaying "404" errors, raises credibility concerns. Despite its efforts to establish a reputation, the absence of regulatory information on its site and a warning from the UK's Financial Conduct Authority (FCA) against it, highlight its unauthorized status.Given its unlicensed status and the FCA's warning, FXPROX TRADE is a broker that poses substantial risks to investors. To avoid falling victim to potential fraud schemes, investors are highly recommended to stay away from FXPROX TRADE and instead choose fully regulated ones.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.