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Globalprofxtrade

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Operating status: SCAM

Website: https://globalprofxtrade.com/

Broker violations and abnormal records
  • 2023-10-11 The UK FCA issued a Warning against Globalprofxtrade

    On 8 October 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Globalprofxtrade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/globalprofxtrade-globalprofxtradecom

    On 8 October 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Globalprofxtrade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/globalprofxtrade-globalprofxtradecom
  • 2023-10-12 BrokersView has Reviewed that ​Globalprofxtrade is an Unregulated Broker

    According to its website, it is located is the U.S. However upon investigation, there is no matching information was found in the National Futures Association(NFA).

    In addition, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Globalprofxtrade was providing finacial services or products without authorisation.

    The truth is that Globalprofxtrade is not regulated by any regulator. Letting it hold or control investors' money is unsafe and the money can not be protected by any laws.

    Therefore, Globalprofxtrade is a scam.

    According to its website, it is located is the U.S. However upon investigation, there is no matching information was found in the National Futures Association(NFA).In addition, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Globalprofxtrade was providing finacial services or products without authorisation.The truth is that Globalprofxtrade is not regulated by any regulator. Letting it hold or control investors' money is unsafe and the money can not be protected by any laws.Therefore, Globalprofxtrade is a scam.

Related Complaints

Q&A

Is Globalprofxtrade been warned ?

Oner Hawkins
Madagascar
2023-11-01
ANSWER Yes, Globalprofxtrade has been warned by the Financial Conduct Authority (FCA) for carrying on unauthorized activities in the UK. This appears to be fraudulent scheme.There are several red flags suggesting that Globalprofxtrade is a scam.Globalprofxtrade claims to be founded in 2010. However, its domain name, globalprofxtrade.com, was first created in July 2023. This discrepancy strongly suggests that it is not an honest company.While having an address in the US, Globalprofxtrade fails to be registered as an member of the National Futures Association (NFA). As per US law, forex brokers in this country are required to be regulated by the Commodity Futures Trading Commission (CFTC) and the NFA. Non-NFA members are not allowed to accept American customers.In addition to the illegal operations in the US, Globalprofxtrade also provides financial services or products in the UK without the necessary financial licenses. As such, the FCA, the financial watchdog in this country, has added Globalprofxtrade to its warning list as an unauthorized firm. The full FCA warning can be accessed here.Therefore, entrusting Globalprofxtrade with funds and personal information is highly risky, as there are no rules in place to protect investors from fraud and identity theft. To safeguard traders' interests, we strongly suggest investors stay away from unlicensed brokers like Globalprofxtrade and instead choose fully regulated ones.
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