Proxtrend-com Review – Why You Should Trade Carefully
Are you considering trading with Proxtrend.com? It might look like a promising platform—offering forex, CFD, and cryptocurrency access via a modern web-trader. But there are several warning signs that suggest this broker may not be the safe choice it's posed to be.
Firstly, Proxtrend claims to be regulated under license number BFX2024053 by the Mwali International Services Authority (MISA) in Comoros. While that might sound legit, this type of offshore licensing provides very limited protection. Independent reviews note that this broker is not overseen by recognized top-tier regulators like the UK’s Financial Conduct Authority (FCA), Australia’s Australian Securities & Investments Commission (ASIC), or Cyprus’s Cyprus Securities and Exchange Commission (CySEC).
Secondly, user feedback contains troubling patterns: difficult withdrawals, pressure to deposit more money, and limited transparency about account conditions. On review sites they appear to have a mixed average overall rating—suggesting you may find some positive experiences but many more negative ones.
In short: while Proxtrend offers the trappings of a modern broker—demo accounts, multiple asset classes, and claims of global access—the lack of robust regulatory backing and multiple user complaints make it a high-risk choice. For your money’s sake, it’s wise to proceed with extreme caution or look for an alternative with solid regulation and positive reviews.
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