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.
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