Prolific Trades claims to be regulated by the Malta Financial Services Authority (MFSA), a claim that denied by the MFSA in a warning against the company.
Prolific Trades also purports to be regulated by the Polish Financial Supervision Authority (PFSA). However, our search for the company in the Polish financial watchdog's registry didn't yield any results.
Prolific Trades asserts that it is registered in the USA, where a forex broker must be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). However, our search for the company in the NFA register revealed that it is not an NFA member and thus not subject to its oversight.
In essence, Prolific Trades is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
Prolific Trades claims to be regulated by the Malta Financial Services Authority (MFSA), a claim that denied by the MFSA in a warning against the company.Prolific Trades also purports to be regulated by the Polish Financial Supervision Authority (PFSA). However, our search for the company in the Polish financial watchdog's registry didn't yield any results.Prolific Trades asserts that it is registered in the USA, where a forex broker must be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). However, our search for the company in the NFA register revealed that it is not an NFA member and thus not subject to its oversight.In essence, Prolific Trades is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.