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ProuFX Review: Proufx.com Barred Forex Scam

ProuFX Review: Proufx.com Barred Forex Scam

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ProuFX (Proufx.com) is a brutal Forex scam platform targeting unsuspecting online investors. Prou FX is professing to be an innovative online broker with over 250+ assets to choose from. With such kind of big claims, investors have signed up without taking a second guess. Members who signed up a while back are now crying foul with this trading platform. Read this genuine and honest PROUFX Review and get more details.

ProuFX Review

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ProuFX Review

After complaints started flying in from all corners of the world, we knew trouble was brewing. With over twenty members complaining of access being blocked, we had to investigate. ProuFX is closing accounts which have a balance of over $500. With such a trading platform, it is clear members have fallen for another online trap. Scam artists have been known to clone trading websites and fool investors into signing up. Victims of this scam are posting their grievances in social media pages which is proof of a scam.

Professional scam artists will design a website and fool unsuspecting investors into signing up. What ProuFX is doing started long ago and we know exactly how to spot their tricks. Thanks to our years of trading experience, we can expose these scam artists for who they are. Investors are easily drawn by empty claims and promises used by scam artists. Most of these claims include the backing of so-called account managers who call potential victims. Get to know more in this detailed and honest ProuFX Review.

About ProuFX

A huge problem with this platform is no one knows where the platform originates from. Anonymity is a scammer’s best friend since it allows them to cheat without being traced. What we have done is try and get the exact location of their whereabouts with little to show for. Information posted at their contact page is not helpful as it only lists a UK phone number. Scam artists are now buying virtual phone numbers to try and fool investors. For all we know, they are practically based in China.

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Another shocking revelation with this platform is in regards to who actually owns this platform. No one has come forwards and claimed ownership which is a bit odd. If this was a real trading platform, the founding members would want recognition. It means users are depositing funds to an unknown third party affiliate. Stay away from such anonymous websites as they could be money laundering websites. Who are the actual people running this website?

Is ProuFX licensed or registered?

With an anonymous website, license and registration is always a problem. After carefully checking with the website, it is clear ProuFX is not licensed by any official body. Claims of being based in the UK are cancelled by the UK regulatory body. The FCA has no results of any platform with this name. Scam artists will do or say anything to make their platforms appear regulated. It included posting fake address and contact details.

If Prou FX was a decent broker, they would have posted copies of their license claims. What this means is we are dealing with an illicit broker. How can a valid platform fail to give users their terms and conditions? Safety of funds is a huge problem as no regulatory body will be able to recover stolen funds.

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Advantages of ProuFX

We could not find any advantage of trading with an anonymous and unlicensed online entity. You should ensure you stay away from any of their marketing campaigns. Video tutorials used are fake and don’t convey the actual results in the field. Scam artists are taking advantage of newbie investors with over the moon claims. We highly suggest you stay away from this illicit platform.

Disadvantages of ProuFX

Account offered

ProuFX Account Types

ProuFX is furnishing users with four different account types to choose from. Accounts are named Classic, Silver, Gold, and Platinum. A problem with this account types is lack of proper information regarding deposits. What is the minimum deposit required to start trading with any of the accounts?

Demo Account

Another shocking revelation with this platform is having a rigged demo account.  With their rigged demo account, profits soar by 98% with each trade. Truth be told, such profit margins are not possible due to the market volatility. Due to boardroom wars, price changes, politics, and other factors, constant profit margins are impossible to achieve. It is why we are against the use of this illicit platform.

Deposit and withdrawal

Depositing funds with ProuFX is easy and fast. Depository channels include Bank transfer, MasterCard, and Visa. With such easy to access depository channels, members are depositing without a second thought. Withdrawing funds with Prou FX still remains to be the biggest problem. No member has come out with proof of ever withdrawing funds with this platform. Why invest with a platform where withdrawing is next to impossible? It is best to associate with other tested and trusted brokers.

New Generation Trading platform

A problem with their new generation trading platform remains to be testing. Members are signing up to a platform without testing it first. With a rigged demo account, investors are led to believe this is a true and working platform. We have issues with security as well as stability of their custom made platform. With no proof of being stable, we are sure hackers can easily gain access to this platform. .

Are funds safe with ProuFX?

Funds are never safe with an anonymous and unregistered online investment platform. Your chances of being scammed are high with a platform whose owners remain a mystery. Segregation of accounts is also a huge problem as ProuFX is merging assets in one account. Who is in charge of handling funds? Is it possible members are depositing funds straight to owner’s bank account? With such unclear details, staying away from this platform is the best option to take.

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Is ProuFX a scam?

ProuFX Trading Platform

Evidence clearly point to ProuFX being a scam. It is best to stay away from their marketing gimmicks.

Winding up

Adding this platform will greatly protect our readers from falling into their traps.

Wishing you a safe trading experience.

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