Fxproxtrades Review

Fxproxtrades Details

Fxproxtrades is an online trading broker owned by Fxproxtrades. The company is located at 20-22, Wenlock Road, London, Greater London, United Kingdom, N1 7GU.

To contact Fxproxtrades, their support team can be reached via phone at N/A or by email at support@fxproxtrades.com.

Their website can be found at : fxproxtrades.com

It is essential to exercise caution and conduct deep research before engaging with any online trading platform, including Fxproxtrades.

To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: AlifexTrade and Way 2 Forex.

Is Fxproxtrades Legit or a Scam?

When researching an online broker, the first and most important step should always be to find out if they have a regulatory license from a financial institution. This will tell you whether they are regulated by a central authority or if you are dealing with an offshore and/or unregulated investment company.

Unfortunately, Fxproxtrades is not regulated or authorized to operate by any major regulatory authority, which means it will be a difficult process to withdraw from this company if they decide to ignore your request or suspend your account for trivial reasons.

If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.

Read more about this topic in our dedicated article: Financial Regulation Authorities.