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Is TRADERPROFX a STP broker?
Bassamfarah
Germany
2024-01-08
ANSWER TRADERPROFX is not a licensed forex broker.Its registration with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) is pending cancellation. Even if its registration were in good standing, it would still be considered unlicensed for forex brokerage activities, as the SVG FSA has clearly stated that such activities are not licensed in this jurisdiction. Further raising concerns about TRADERPROFX's legitimacy and credibility, the Comisión Nacional del Mercado de Valores (CNMV) has flagged it as an unauthorized entity in Spain (for more details about the CNMV's warning against TRADERPROFX, please refer to here).As a result, TRADERPROFX is not a safe choice for traders and should be avoided to prevent potential financial loss and identity theft. We strongly recommend choosing fully regulated brokers with solid reputations to ensure a safer trading experience.
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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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