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PROFX GROUPS

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Operating status: SCAM

Website: https://www.profxgroups.com/

Broker violations and abnormal records
  • 2023-12-07 The UK FCA issues a warning against PROFX GROUPS

    On 5 Decmber, 2023, the Financial Conduct Authority (FCA) issued a warning against PROFX GROUPS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/profx-groups

    On 5 Decmber, 2023, the Financial Conduct Authority (FCA) issued a warning against PROFX GROUPS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/profx-groups
  • 2023-12-07 BrokersView has Reviewed that ​PROFX GROUPS is an Unregulated Broker

    According to its website, the phone number area code it provides is the UK area code. Upon investigation, we found that the Financial Conduct Authority (FCA) issued a warning against PROFX GROUPS, believing this broker might be providing financial services or products without proper authorization.

    The truth is that PROFX GROUPS is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    PROFX GROUPS is a scam.

    According to its website, the phone number area code it provides is the UK area code. Upon investigation, we found that the Financial Conduct Authority (FCA) issued a warning against PROFX GROUPS, believing this broker might be providing financial services or products without proper authorization.The truth is that PROFX GROUPS is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.PROFX GROUPS is a scam.

Related Complaints

Q&A

What exotic currency pair does PROFX GROUPS offer?

Jean Betons
Panama
2023-12-13
ANSWER In the realm of online trading, it's imperative to verify that your broker is licensed and regulated before evaluating the trading conditions they offer. PROFX GROUPS is an unlicensed trading platform that carries significant risks, and it is strongly recommended to avoid any dealings with it.PROFX GROUPS obscures information about its operators. It provides only a UK phone number, several messaging-app invitation links, and an email address for communication. These details are easily alterable and can be falsified. If the platform were to cease operations or vanish, these contact methods would disappear as well, leaving victims with no effective means to recover their funds.Despite the presence of a UK phone number, there's no evidence that PROFX GROUPS is registered with the Financial Conduct Authority (FCA), the UK's financial regulatory body. As a result, the FCA has issued a warning about its unlicensed financial activities.These findings indicate that PROFX GROUPS presents substantial risks. It's advisable to avoid unlicensed brokers like PROFX GROUPS and opt for fully regulated ones with solid reputations instead.
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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.

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