Profx

Profx Market holds a WikiFX score of 1.59 out of 10, indicating a very low overall rating. The broker is not regulated by any credible financial authority, which means there is no external oversight governing client fund security or dispute resolution. According to WikiFX assessment, the combination of a low score and lack of regulation presents considerable uncertainty for traders.

No, Profx Market is not regulated. It does not hold a valid forex trading license from any recognized regulatory body. WikiFX regulatory data shows its regulatory index is zero, confirming the absence of any legitimate oversight.

The minimum deposit varies by account type. The lowest entry requirement is $100 for the PRO PROFESSIONAL, PRO WINNER, and PRO TRADER accounts. The PRO MARKET account requires $500, while the PRO HONOR account requires $50,000.

The specific trading platforms supported by Profx Market are not publicly disclosed in the available information. Traders should verify platform availability directly with the broker before opening an account.

1 Pro: Wide selection of account types with low minimum deposits starting at $100, catering to different trading preferences. 3 Cons: (1) No valid regulatory oversight, leaving client funds unprotected. (2) WikiFX score of 1.59 reflects a high-risk profile. (3) User exposure reports indicate issues with withdrawal delays, trade manipulation, and lack of negative balance protection.

Yes, WikiFX has recorded user complaints against Profx Market. These include a report of unreceived withdrawal funds, allegations of trade manipulation, and a complaint about the absence of negative balance protection, which can lead to traders owing money beyond their deposit.

Due to the temporary lack of publicly available data, it is not possible to determine whether it is available in the United States. In general, to judge whether a broker can be used in a certain region, you can refer to the following aspects: 1. Regulatory qualifications: Check whether the broker is regulated by major regulators (such as the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission in the United States). 2. Legal restrictions: Different countries and regions have different laws and regulations on forex and CFD trading. Some platforms may not provide services in certain regions. 3. Account opening information: Check whether the broker allows users from that region to register accounts. 4. Official announcements and customer service: Confirm the local usage policy through the broker's official website or customer service. 5. User feedback: Refer to other users' experience and complaints in that region. You can use the information above to judge its availability in the United States. At the same time, you can follow WikiFX updates on regulatory and availability data to get more accurate reference.

Profx Market offers account types with low minimum deposits ($100) and high leverage up to 1:1000, which might seem attractive to beginners. However, the lack of regulatory oversight, a low WikiFX score of 1.59, and the absence of negative balance protection make it a high-risk choice. Inexperienced traders typically require regulated brokers with stronger investor safeguards, so Profx is not recommended for beginners.

Profx Market provides five account types: PRO HONOR (spread from 0 pips, leverage 1:500, min deposit $50,000), PRO PROFESSIONAL (spread from 0.8 pips, leverage 1:500, min deposit $100), PRO WINNER (spread from 1.2 pips, leverage 1:500, min deposit $100), PRO TRADER (spread from 2 pips, leverage 1:1000, min deposit $100), and PRO MARKET (spread from 0 pips, leverage 1:400, min deposit $500). All accounts support scalping, EA trading, and lock positions, but none offer Islamic account options.

Leverage varies by account type. The PRO TRADER account offers the highest leverage at 1:1000, while the PRO HONOR, PRO PROFESSIONAL, and PRO WINNER accounts provide 1:500. The PRO MARKET account offers 1:400. High leverage amplifies both potential profits and losses, and the absence of negative balance protection means traders can lose more than their deposit, increasing risk.

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

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.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.