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FCA Warning: Beware of the Unlicensed ProfitFX Pro
Abstract：ProfitFX Pro has actually found itself the subject of unlicensed forex brokers alert from the UK authority. Of course, even without the warning the fact that ProfitFX Pro is up to no good is clear as unregulated investment companies have much freedom to steal money from victims with little to no consequences.
Company history from 2012 or 2018？
After taking a look at its “About Us”, ProfitFX Pro shows it is a renowned STP/ECN broker founded in 2018 at the top page and is a renowned STP/ECN broker founded in 2012 at the bottom page. This is an obvious scam sign.
Actually, domain name(https://profitfxpro.com/) check result proves it was created in 2022.
Missing legal documentation
ProfitFX Pro claims to be a reliable broker but misses any details of its regulation. The lack of such important information may be a distinct signal of unlicensed broker, as regulated financial brokers are always required to provide and present their accreditations and legal documentation. Here you do not know who you are dealing with, nor what the terms of the deal are.
A warning from the FCA
Headquartered in the UK, ProfitFX Pro is offering investors access to a wide range of instruments across forex, metal, indices, energies with best trading conditions. But this address is undoubtedly fake. As per the UK law, only duly FCA-licensed brokers can offer such financial services. We did not find a license record, but a warning that ProfitFX Pro is an unauthorised entity on the FCA.
These proof make it clear: ProfitFX Pro is not regulated by any regulators. Investors' money in this broker is unsafe and can not be protected by any laws. Therefore, it is a scam.
If you want to trade forex, it would be better to deal with a trustworthy, regulated broker.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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datian Review: Examining Slippage and Forced Liquidation Allegations Against the Broker
Did you face losses due to a sudden change in the trading price on the datian platform? Were your transaction records deleted by the Hong Kong-based forex broker? Did the broker liquidate your trading account multiple times despite not reaching the stage where it mandated this move? Have you experienced heavy slippage on the trading platform? Concerned by these issues, traders have complained about the broker online. We will let you know of these with attached screenshots in this datian review article. Keep reading!
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TopstepFX Review: Investigating Fund Withdrawal Denial Claims & Other Trading Issues
Did you face constant rejections of your fund withdrawal applications by TopstepFX? Have you been denied withdrawals in the name of hedging? Did you witness an account block without any clear explanation from the forex broker? There have been numerous user claims against TopstepFX regarding its withdrawals, payout delays and other issues. In the TopstepFX review article, we have investigated the top complaints against the US-based forex broker. Keep reading!
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Mazi Finance Regulatory Status: A Complete Guide to Its Licenses and High-Risk Warnings
When choosing a broker, the first question is always about safety and legitimacy. Is my capital safe? For Mazi Finance, the answer is clear and worrying: Mazi Finance is an unregulated broker. While the company, MaziMatic Financial Services LTD, is registered in the offshore location of Saint Lucia, this business registration does not replace strong financial regulation from a top-level authority. Independent analysis from regulatory watchdogs shows a very low trust score, made worse by official warnings from government financial bodies and many user complaints about serious problems. This article provides a clear, fact-based analysis of the Mazi Finance regulation status. Our goal is to break down the facts and present the risks clearly, helping you make an informed decision and protect your capital.
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