Forex Pro Trade Review : Fees, Pros and Cons, Reviews by Real Traders

Forex Pro Trade

Operating status: SCAM

Website: https://forexproio.com/

Broker violations and abnormal records

May 07, 2023 The Bahamas regulator SCB added Forex Pro Trade to warning list
On May 8, 2023, the Securities Commission of The Bahamas (SCB) added Forex Pro Trade to warning list for offering financial services or products illegally: https://www.scb.gov.bs/wp-content/uploads/2023/05/Public-Notice-No-2-of-2023-Unregulated-Entities.pdf

On May 8, 2023, the Securities Commission of The Bahamas (SCB) added Forex Pro Trade to warning list for offering financial services or products illegally: https://www.scb.gov.bs/wp-content/uploads/2023/05/Public-Notice-No-2-of-2023-Unregulated-Entities.pdf
May 10, 2023 BrokersView has reviewed that Forex Pro Trade is an unregulated broker
Forex Pro Trade claims to be operated by Forex Pro Trade Corp authorized and regulated by The Securities Commission of the Bahamas (SCB). However, the SCB has issued a warning against this broker and denied its claim, saying it is not authorized to offer financial services or products. In addition, Forex Pro Trade also purports to be a subsidiary of Forex Pro Trade PLC, authorized and regulated by the Financial Conduct Authority (FCA), but we didn't find records of its existence in the FCA register either. This means Forex Pro Trade is misrepresenting itself to deceive unsuspecting investors.
In essence, Forex Pro Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Forex Pro Trade claims to be operated by Forex Pro Trade Corp authorized and regulated by The Securities Commission of the Bahamas (SCB). However, the SCB has issued a warning against this broker and denied its claim, saying it is not authorized to offer financial services or products. In addition, Forex Pro Trade also purports to be a subsidiary of Forex Pro Trade PLC, authorized and regulated by the Financial Conduct Authority (FCA), but we didn't find records of its existence in the FCA register either. This means Forex Pro Trade is misrepresenting itself to deceive unsuspecting investors.In essence, Forex Pro Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

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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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