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Profiforex

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Operating status: SCAM

Website: http://www.profiforex.com

Broker violations and abnormal records
  • 2022-09-29 BrokersView has Reviewed that Profiforex is an Unregulated Forex Broker

    Profiforex claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. 

    In addition, this broker also claims to be located in Belize. So we searched Belize Financial Services Commission (Belize FSC) but found no results that matched Profiforex or TIM GROUP INC. (claimed company name). In other words, Profiforex is not regulated in Belize.

    The truth is that Profiforex is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Profiforex claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. In addition, this broker also claims to be located in Belize. So we searched Belize Financial Services Commission (Belize FSC) but found no results that matched Profiforex or TIM GROUP INC. (claimed company name). In other words, Profiforex is not regulated in Belize.The truth is that Profiforex is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.