ANSWER Dear Investor,
ProXMarkets claims its website is owned and operated by Synergy Squad EOOD, a company incorporated under the laws of the Union of Comoros, and that all trading services are provided by HeadPro Corp Market, which is authorized by the MWALI International Services Authority (MISA) under License Number BFX2025099.
Upon investigation, we found that Synergy Squad EOOD is not authorized by any Comoros regulatory body. While HeadPro Corp Market appears to be registered with a valid license number, the company has not registered its operating website with MISA. Additionally, MISA is an offshore regulator with extremely weak oversight and low international recognition, and we cannot fully verify the authenticity of the license information.
Given these significant risks, we strongly recommend that you avoid trading with this broker. Please exercise caution and consider brokers regulated by more reputable authorities.
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