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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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