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PROFX Market

Operating status: SCAM

Website: https://profxmarket.com/

Broker violations and abnormal records
  • Jun 06, 2021 The UK Regulator FCA Warned That Profxmarket Is a Clone Firm

    On 7 Jun 2021, the UK Regulator Financial Conduct Authority (FCA) warned the pubilc that 

    Profxmarket is an unauthorised firm that uses the details of a genuine FCA-regulated firm when offering products and services. This makes the unauthorised firm appear as if it is regulated and is typically part of a scam. You may visit: https://register.fca.org.uk/s/unauthorised-firm?id=0014G00002l6St4QAE 

    On 7 Jun 2021, the UK Regulator Financial Conduct Authority (FCA) warned the pubilc that Profxmarket is an unauthorised firm that uses the details of a genuine FCA-regulated firm when offering products and services. This makes the unauthorised firm appear as if it is regulated and is typically part of a scam. You may visit: https://register.fca.org.uk/s/unauthorised-firm?id=0014G00002l6St4QAE
  • Jun 30, 2022 Brokersview has Reviewed that Profxmarket is an Unregulated Forex Broker

    Profxmarket claims to be a fully regulated broker locates in London, the United Kingdom while not mentioning any details of its regulation. 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. The truth is that Profxmarket is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.



    Profxmarket claims to be a fully regulated broker locates in London, the United Kingdom while not mentioning any details of its regulation. 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. The truth is that Profxmarket is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is 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.

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.