Pro X Finance Review

Is Pro X Finance Scam or Legit Broker?

No, Pro X Finance is not safe to trade with,  as the broker is registered offshore. Investing with offshore brokers is quite risky as the broker might turn out to be a scam.

• Pro X Finance provides contact numbers with British and German phone codes, which means the company should have offices there. It is also targeting the residents of the mentioned countries. However, Pro X Finance is not authorized to provide financial services in the UK or Germany, and most probably all the other countries.

What's Pro X Finance?

Pro X Finance is an offshore Forex and CFDs broker. The website www.proxfinance.com and Pro X Finance trademark are owned and operated by the company Finovative Technologies Limited reg. number 85452, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

• Moreover, the UK's regulator Financial Conduct Authority has recently issued a warning against Pro X Finance:
  "This entity is not authorized by us and is targeting people around the world but primarily in Germany, France, Spain, and Italy. Based upon information we hold, we believe it is carrying on regulated activities and making financial promotions without authorization or exemption."

Pro X Finance Review Conclusion

The first thing the potential investor should do when he is choosing a broker is to determine if it is a legitimate or a scam broker. It is very easy to do. You just need to check if the broker is licensed by CySec in Cyprus, or it is under the regulation of the MIFId in the European Union (EU), or it is registered with the UK’s FCA or Australian ASIC. We recommend signing in with reliable brokers such as BlackBull Markets, FXGT, and FBS.

Pro X Finance Update

Based on our research, the Pro X Finance website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.