ProuFX Review

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ProuFX Review

🔴 ProuFX services are questionable – a warning sign! 

🔴 ProuFX isn’t licensed – a red flag!

🔴 ProuFX isn’t transparent – a red flag!

🔴 ProuFX creates unrealistic expectations – a red flag!

What is ProuFX?

ProuFX is an unregulated broker platform similar to Espntrades.com, which we reviewed earlier. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online brokerage services without a license cannot provide their clients with any sort of protection.

ProuFX

ProuFX Regulation

They are unregulated and most likely totally illegal, which ultimately means that your funds will be in danger if you deposit! So, yet again, there is another reason to stay away from them!

As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of client’s funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirement that varies by country and may also depend on the product specification, business classification and so on.

To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.

On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.

ProuFX Complaints

Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their platform was problematic before they had already signed up. If they show any of these signs, either avoid them entirely or look very carefully before proceeding:

🔴 Not regulated

🔴 High fees and commissions

🔴 Not enough information on the website

🔴 Poor communication and refusal to answer questions

🔴 Pushy manner

🔴 Keeps mentioning rules and fees that were not outlined in the contract

🔴 Does not let you withdraw money from your account

ProuFX Products and Services

They are not safe, and we say so because it’s an unregulated broker. They always promise things they won’t deliver, and ProuFX makes no exception – they claim that customers can become rich quick, which is a scam offer seen from any viewpoint! Such promises are ludicrous, and they show that ProuFX is a suspected scam you should avoid! Beware!

ProuFX Customer Support

ProuFX allows you to contact them through telephone contact and email. They do not provide any location data. There is no certainty in the contact information available.

You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.

Are Funds Safe With ProuFX?

With such lack of information and being unregulated, funds are not safe. Security of funds is a huge problem with brokers. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about them.

ProuFX does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process.

ProuFX Withdrawals

The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:

🔴 Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s funds

🔴 Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing

🔴 Cease communication. They may be evasive or simply not communicate at all.

If ProuFX is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others.

ProuFX Review: our Conclusion!

ProuFX is an unregulated platform to avoid. Their methods for investment are unreliable.

 

If you have been scammed, feel free to leave a comment or if you wish to arrange a free consultation with our professionals, do not hesitate to submit your complaint by clicking the button bellow.

ℹ️ ProuFX Details
  • 🖥️ Website URL : www.proufx.com
  • ⚖️ Regulation : Offshore Broker
  • 🧭 Headquarters : N/A
  • 💳 Minimum Deposit : N/A
  • 💰 Leverage : N/A
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7 thoughts on “ProuFX Review”

  1. they are a unregulated scam broker who is run by a known boiler room scam group beware and do not invest your money there !!!

  2. proufx is a scam stay away from them they make adds on facebook and twitter it is all fake the only one who makes money is the scammer !!!

  3. ProuFX is a scam thai is clear the minute you want to withdraw what is never possibel with there unregulated scam brokers

  4. Proufx is a scam and they will take all your money.
    I started investing with the predecessor to Proufx called Uprofx in January 2019. It started in the usual way with a deposit of £250 and my broker was David Smitt. Investments went well and after a few months David sent me £100 as an incentive. He kept asking for bigger investments so he could capitalise on market trends. I invested a total of £20,000 but my account showed a healthy profit of £18,000. The website changed and I was told it was for security reasons it eventually reappeared as Proufx.
    I decided I wasn’t going to invest anymore and this is when things went bad. David Smitt said he couldn’t handle my account anymore because I wasn’t investing more money and my new manager was Daniel Adlemann, he didn’t do anything with my account from October 2019 until I tried to withdraw the money. He told me that I could withdraw it on 2nd January 2020, however I requested that no trades be undertaken during this period. Later I found I had active trades on my account. I couldn’t contact Daniel anymore but I was contacted by Frank Cooper who said Daniel had set trades up and I couldn’t withdraw my money until 3rd February 2020. I told Frank that I had specifically requested no trades were done. The leverage on my account was raised and from an initial £38,000 my account is now below£2,000.
    These are criminals who operate out of Estonia. If you invest with this company you will lose everything!

    You will also have given an organised criminal gang a copy of your passport or driving license, your credit or debit card details and your bank account details. Your whole life will be affected.

    Also you should know that all these people who claim they can get your money back are also criminals and will scam you again.

    If you have been a victim of Proufx please complain to the President of Estonia Kersti Kaljulaid she has a twitter account and you can go to the presidential site and send her a message.
    I’m not allowed to put links on trustpilot but google her and you’ll find contact details.

    You probably won’t see any money but if enough people complain some of these criminals might go to prison.

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