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ProFXTrades Review: Profxtrades.com Crude Forex Scam

ProFXTrades Review: Profxtrades.com Crude Forex Scam

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ProFXTrades (Profxtrades.com) is a brutal Crypto Currency and Forex scam broker stealing from investors who sign up. ProFX Trades is professing to offer a secured platform which is far from the truth. After receiving numerous email complaints from members, we decided to look at this broker. Our initial investigation revealed some shocking details regarding PROFX TRADES. What is this broker up to? Read this detailed, exclusive and honest PROFXTRADES Review.

ProFXTrades Review

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ProFXTrades Review

After reading some of the emails, it’s clear something was amiss with ProFXTrades. How can over thirty members be complaining about the rough treatment they faced? Is it possible users are making or placing wrong trades? It’s highly unlikely as some of the victims are seasoned traders. How come seasoned traders are losing funds with this broker? As it turns out, most of the complaints are centered on withdrawing issues. Members seem not to have any access to their funds.

After landing on their homepage, we can see why this broker is enticing users to sign up. Scam artists are known to create a visually compelling website to deceit investors. With ProFXTrades, they have used similar scam tactics used by seasoned scam artists. Why do we believe ProFXTrades is a scam? Continue reading this review as we expose damning facts regarding Pro FX Trades dubious ways.

About ProFXTrades

According to the disclaimer at the footer of the homepage, PROFXTRADES is claiming to based in U.S. Is this really the case? Highly unlikely as we strongly believe this is a cloned website. By cloning their website, they want users to believe they are properly regulated. Who are the founding members of this brokerage site? Why have they failed to disclose details concerning actual names of people running this website?

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It seems we are dealing with an anonymous website. Anonymity is a dangerous partner to associate with. Why would anyone sign up with an anonymous broker? Investors don’t know they are depositing funds to an unknown third party. If you are reading this review, you now know what to expect with this broker. Stay safe at all times by conducting a thorough research before signing up with a broker. Reading reviews helps users to know what to expect with a certain broker.

Is ProFXTrades Licensed?

Institution mandated to license brokers is known as National Futures Association. After reaching out to them, they vehemently refused any acknowledgement of this broker. What this means is we are dealing with a rogue broker. A broker who feigns registration is a lie. Another disturbing issue we found with this broker is their agreement’s page. Which body do they claim has registered them?

ProFXTrades is claiming to be registered by a body known as International Forex Regulatory Body. To be brutally honest, there’s no such institution in the world. Professional scam artists will do or say anything to make their products and services appear real. Avoid such brokers as they are simply out to cause havoc. Steer clear of this platform.

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No Demo Account

Another unsettling issue we found with this platform is lack of a demo account. Why would a broker fail to have a demo account? How do they expect users to have a feel of what to expect with their platform. It’s like buying a new car; you have to take it to a test drive. Why is this broker failing to give users this chance? ProFX Trades knows they are offering a ridiculous platform. What should users do when faced with such a predicament? Stay away from such brokers.

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Lack of Live Chat

How does ProFXTrades expect users to contact them with queries? Phone number listed on their homepage is a cloned website. What these scam artists have done is buy a virtual phone number and feign US telephone contact. Stay clear of scam artists who offer one communication channel. They want to maintain their anonymous nature. Be on the lookout for some of these crucial details.

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No Account Types

How do users start trading with no account types? Homepage clearly has no details regarding account types on offer. Is ProFXTrades offering a single account type? What are the features of their accounts? Lack of any details concerning account types is disturbing to say the least. Why would a broker fail to inform investors regarding account types? Stay clear of such brokers as it’s a clear sign we are dealing with a scam outfit. To sum it up, they are totally unprofessional.

Are funds safe with ProFXTrades?

A broker who fails to give users details of how transactions are handled is a fake entity. How can funds be safe from a broker who lacks SSL Encryption?  Where do they bank funds deposited by users? Is it possible users are depositing funds straight to owners personal bank account? Details regarding security of funds are sketchy with Pro FX Trades.

What about segregation of accounts? ProFXTrades is pooling funds in one account which is extremely dangerous. Any broker who refuses to segregate accounts is putting assets at risk. Stay clear of this broker as they are simply professional scam artists. Calamity may strike at any time, don’t expect any compensation from this broker.

Is ProFXTrades a scam?

After checking all details, it’s safe to say we are dealing with another Forex scam platform. ProFXTrades is a scam and joining any of their affiliate programs is forbidden. Stay clear of this broker by marking all their emails as Spam.

Bottom Line

ProFXTrades Forex Review

Stay clear of any broker who shares similar characteristics.

Sign up with Forex experts who will help you make informed trading decisions. By signing up with industry backed Forex brokers, trading becomes easier. Be the next successful trader by pairing with skilled professionals.

Wishing you a safe trading experience.

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