ANSWER PROFX Market is not a licensed or regulated broker even though it states offers that look good to be true. PROFX Market claims to be a fully regulated broker locates in London, the United Kingdom while not mentioning any details of its regulation. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA).When we searched in FCA, we only found that Profxmarket had already been blacklisted by FCA for being a clone firm that uses the details of a genuine FCA-regulated firm when offering products and services. You can check the full warning from here.The truth is, PROFX Market is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like PROFX Market and trade with licensed brokers.
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