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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Proxtrend LTD

Comoros Comoros | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.proxtrendltd.com/

Website

Rating Index

Influence

Influence

D

Influence Index NO.1

India India 2.71
Surpassed 13.30% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+92 315 8904174
https://www.proxtrendltd.com/
PB 1257 Bonovo Road, Fomboni, Comoros, KM
Forex License
Other 1

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Comoros
Operating Period
2-5 years
Company Name
Proxtrend Ltd
Email
info@proxtrendltd.com
Contact Number
+923158904174
Business Region
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • proxtrendltd.com
    185.230.63.107
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

PROXTRENDReview Summary
Founded2024
Registered Country/RegionComoros
RegulationUnregulated
Market InstrumentsForex and CFDs
Demo Account/
LeverageUp to 1:100
Spread/
Trading Platform/
Min Deposit/
Customer SupportContact form
Email: info@proxtrendltd.com
Address: PB 1257 Bonovo Road, Fomboni, Comoros KM
Regional RestrictionsEuropean Economic Area, the USA, British Columbia, Canada, etc.

Based in Comoros, PROXTREND is a forex broker that was established in 2024. PROXTREND provides trading in forex and CFDs with leverage up to 1:100. However, PROXTREND operates without regulatory oversight from any reputable financial body.

PROXTREND's homepage

Pros and Cons

ProsCons
Multiple account typesNot regulated
No commission feesInactivity fee charged
No deposit feesNo MT4/5 supported
Popular payment optionsHigh minimum deposit
Withdrawal fee charged
Limited contact channels
Regional restrictions

Is PROXTREND Legit?

No, PROXTREND is not regulated by any reputable financial body. Please be aware of the risk!

No license

What Can I Trade on PROXTREND?

Tradable Instruments Supported
Forex
CFDs
Bonds
Options
ETFs

Services

PROXTREND provides various investment services including Customer Relationship Management (CRM), Automated Marketing Solutions, Content & Social Media Services, Maximizing Channel Effectiveness & Performance, Email Compaign Coordination & Data Administration and CPQ (Configure, Price, Quote) and Contract Management.

Account Type

PROXTREND offers four accounts to choose from, including Basic, Gold, Platinum and VIP accounts.

Leverage

PROXTREND offers a leverage of up to1:100 for all account types, which is quite high.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Fees

There are no commission fees charged to the client.

However, if there is no client-initiated activity for 12 months, then the account is classified as dormant.

Inactivity Period Monthly Inactivity Fee
0-1 month
1-2 months150 EUR or equivalent
2-6 months200 EUR or equivalent
6-12 months 625 EUR or equivalent
12+ months 1,000 EUR or the equivalent amount per month. Re-activate account must contact the Company directly and pay a fee of the amount of 2,000 EUR.

Deposit and Withdrawal

PROXTREND accepts payments via Debit/Credit Cards, Wire Transfer, and e-Wallets.

There are no deposit fees charged.

However, ROXTREND claims that the Company reserves the right to charge a withdrawal fee at an amount equal to 80 EUR (or the equivalent amount according to the denominated currency of the Clients Trading Account).

Payment OptionDeposit FeeWithdrawal Fee
Debit/Credit Cards3.5%
Wire Transfer 30 CHF/USD/EUR/GBP
e-Wallets1.5% - 4.5%

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is it risky to trade with Proxtrend LTD?

Yes, trading with Proxtrend Ltd presents substantial risk due to its operational profile. The company is registered in the offshore jurisdiction of Comoros and operates under a 'Suspicious Scope of Business' classification. It holds no valid regulatory licenses from recognized financial authorities for forex trading, indicating a complete absence of independent oversight, investor compensation schemes, or capital protection mandates. This unregulated status is reflected in its low WikiFX Score of 1.32, and the entity has been active for only 2 to 5 years, which is a relatively short operational history.

04-02
United States

Is Proxtrend LTD regulated?

No, Proxtrend Ltd is not regulated by any recognized financial authority for forex or CFD trading. The entity is registered in Comoros, an offshore jurisdiction that does not provide the same level of regulatory scrutiny, investor protection, or capital adequacy requirements as major authorities like the UK's FCA or Australia's ASIC. The broker operates without verified mainstream regulatory oversight.

04-02
United States

When was Proxtrend LTD established?

Proxtrend Ltd was established between 2 and 5 years ago.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

¿Cómo identificar si un bróker presenta un perfil de riesgo elevado?

Un bróker puede evaluarse como de mayor riesgo considerando factores como la situación regulatoria, las reclamaciones de usuarios, la seguridad de los fondos y la coherencia de la información pública disponible. En general, los brókers sin regulación válida, con problemas frecuentes de retirada o con un elevado número de reclamaciones suelen presentar mayores niveles de riesgo. En WikiFX pueden consultarse el estado regulatorio, la puntuación integral, los registros de exposición y las opiniones de usuarios como referencia adicional.

Three days ago

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

¿Qué significa que un bróker tenga múltiples licencias regulatorias?

Cuando un bróker posee múltiples licencias regulatorias, generalmente significa que opera en diferentes jurisdicciones y debe cumplir requisitos normativos de varios organismos supervisores, lo que puede reflejar mayor capacidad operativa internacional. No obstante, la solidez de la supervisión puede variar entre reguladores, especialmente en el caso de licencias offshore. Se recomienda verificar si el bróker cuenta con licencias de organismos principales como FCA o ASIC y revisar su historial regulatorio mediante WikiFX.

Three days ago
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