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PROFX-Market is a scam. Right?
Liza Bradshaw
China
2022-11-14
ANSWER PROFX Market is not a licensed or regulated broker even though it states offers that look good to be true. PROFX Market claims to be a fully regulated broker locates in London, the United Kingdom while not mentioning any details of its regulation. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA).When we searched in FCA, we only found that Profxmarket had already been blacklisted by FCA for being a clone firm that uses the details of a genuine FCA-regulated firm when offering products and services. You can check the full warning from here.The truth is, PROFX Market is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like PROFX Market and trade with licensed brokers.
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Hi, I wanna know whether it is safe to trade with Profx Market. Thx.
Zainab Hammad
Cuba
2022-07-28
ANSWER PROFX Market is not a licensed or regulated broker even though it states offers that look good to be true. PROFX Market claims to be a fully regulated broker locates in London, the United Kingdom while not mentioning any details of its regulation. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA).When we searched in FCA, we only found that Profxmarket had already been blacklisted by FCA for being a clone firm that uses the details of a genuine FCA-regulated firm when offering products and services. You can check the full warning from here.The truth is, PROFX Market is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like PROFX Market and trade with licensed brokers.
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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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.