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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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