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ProEquityMarkets

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Operating status: SCAM

Website: https://proequitymarkets.com/

Broker violations and abnormal records
  • 2023-12-26 BrokersView has Reviewed that ProEquityMarkets is an Unregulated Broker

    There is no any regulatory information on its website, it claims to be a subsidiary of FRNG Limited and locates in the U.K, but we don't find any results on the U.K Financial Conduct Authority (FCA) matching to ProEquityMarkets/FRNG.

    The truth is that ProEquityMarkets is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.

    ProEquityMarkets is a scam.

    There is no any regulatory information on its website, it claims to be a subsidiary of FRNG Limited and locates in the U.K, but we don't find any results on the U.K Financial Conduct Authority (FCA) matching to ProEquityMarkets/FRNG.The truth is that ProEquityMarkets is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.ProEquityMarkets is a scam.

Related Complaints

Q&A Complaints

What should I do if I want to know ProEquityMarkets' licenses?

alsxzb
Bolivia
2024-01-16
ANSWER Given its claims of having an office in the UK, ProEquityMarkets must obtain a license from the Financial Conduct Authority (FCA) to operate as a legitimate forex broker. However, our searches for it suggest that it is not authorized by the FCA.The website of ProEquityMarkets does not provide any regulatory details. It purports to be a subsidiary of FRNG Limited and is supposedly located in the U.K. However, no matching results for ProEquityMarkets or FRNG can be found on the FCA register.In light of this, ProEquityMarkets appears to operate without any legitimate forex trading regulation. The funds of investors with this broker are at risk and are not protected by any legal provisions. To avoid potential scams, it is advised to steer clear of unlicensed brokers like ProEquityMarkets and instead choose those under rigorous regulation.
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