Score

1.52 /10
Danger

ProFxTrades

United States

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.11

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

ProFxTrades · Company summary

Note: ProFxTrades's official website: https://www.profxtrades.com is normally inaccessible.

ProFxTrades Information

ProFxTrades is an unregulated brokerage company registered in the United States. The broker provides Stocks, ETFs, Forex, and Digital Options. While the broker's official website has been closed, so traders cannot obtain more security information.

Is ProFxTrades Legit?

ProFxTrades is not regulated, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.

Is ProFxTrades Legit?
Is ProFxTrades Legit?

Downsides of ProFxTrades

  • Unavailable Website

The website of ProFxTrades is inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since ProFxTrades does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

ProFxTrades is not regulated, which is less safe than a regulated one.

ProFxTrades Reviews on WikiFX

On WikiFX, comments are posted as word of mouth received from users.

Traders must review the information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

ProFxTrades Reviews on WikiFX

Currently, there are 2 pieces of ProFxTrade's neutral comments about doubts about safety and inducement to pay.

Exposure. A crisis of confidence

ClassificationDistrust
Date2023
Post CountrySingapore/United States

You may visit: https://www.wikifx.com/en/comments/detail/Co202303233351543713.html https://www.wikifx.com/en/comments/detail/Co202302174981138384.html.

Conclusion

ProFxTrades Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status indicates that the broker's trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

User Reviews

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User comment

2

Comments

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FX1385440352
more than one year
Note that they call you by phone to win your trust, and act as if they're friends! But they just want to steal as much as money of you. It is a bad idea to invest with them they will draw you down to nothing to recover your money back. For the sake of security, I have stopped using them for all business services.
Note that they call you by phone to win your trust, and act as if they're friends! But they just want to steal as much as money of you. It is a bad idea to invest with them they will draw you down to nothing to recover your money back. For the sake of security, I have stopped using them for all business services.
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2023-03-23 17:57
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༺财富先生༻
more than one year
There are so many companies in the foreign exchange industry. When choosing a broker, in addition to paying attention to the trading conditions, safety is an important factor that should be considered! Please don't deal with this kind of company without regulatory license.
There are so many companies in the foreign exchange industry. When choosing a broker, in addition to paying attention to the trading conditions, safety is an important factor that should be considered! Please don't deal with this kind of company without regulatory license.
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2023-02-17 15:53
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