WikiFX Review: What You should know about PRO-FXTRADE!!!

Anyone who invests in the forex market has to bear some of the risk, but that is no reason for brokers to commit fraud. Recently, WikiFX received a number of exposures from users about bad dealers, all with different red flags lurking. In the following, WikiFX would like to take Pro-FXTrade as an example to analyze the danger signs behind this broker.

About Pro-FXTrade

Pro-FXTrade is a global investment manager. It claimed to be based in the UK and acquired license by the national financial institution. To find out if a forex broker is trustworthy, check first that it is registered and authorized with a local financial institution.

We can see from the figure above that the query result is quite negative –no company named “Pro-FXTrade” is shown on the Financial Conduct Authority. It clearly proves that Pro-FXTrade is not authorized by FCA but offered financial services and products in the UK. All members of the British public should be careful and stay away from it. Becauseyou are unlikely to get your money back if things go wrong.

In addition, to get a better idea of Pro-FXTrade, WikiFX also paid a visit to its official website. However, the outcome was disappointed - the website is not accessible any longer.

Without access to the website, we cannot see for ourselves if it holds up to something like industry. As a professional forex broker, Its shocking that it does not have an official website or even the most basic information available to the public？ Actually, most of investors should be highly vigilant when they see this. Do investors still dare to invest in such platforms that does not even want to display basic information？

Moreover, in order to find out more about Pro-FXTrade, WikiFX made an attempt to access the domain tool to learn about the domain information.

It can be found by tracking its website information that the Pro-FXTrade.com is for sale! It is easy to know that Pro-FXTrade did not intend to be in business for the long term when it was registered. It expected to get money and then switch to a new domain name and continue scamming. As it stands now, Pro-FXTrade 's scam appears to have been busted and can no longer operate, so it is running away with clients' money.

When faced with the little information on Internet, we can totally trust and use WikiFX to learn more about forex broker. It is certainly the most convenient and quick inquiry mode for ordinary investors. Now let's search “Pro-FXTrade” on WikiFX APP to find out more about this broker.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/2973103736.html),Pro-FXTrade currently has no valid regulatory license and the score is rather negative - only 1.24/10! WikiFX will give brokers a composite score in five categories: license index, business index, risk control index, software index and regulatory index. Since Pro-FXTrade does not have any supervision and does not obtain a regulatory license, the license index, risk control index and regulatory index all score 0, and the final total score is 1.76 (out of 10). Investors can see the overall situation through WikiFX, with higher scores indicating a more reliable broker.

From all the above information we can know that trusting a broker like Pro-FXTrade is simply not worth it – you will certainly end up robbed. The so-called brokerage is nothing more than an outright scam. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers. Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!