The site belongs to Proxtrend, allegedly registered in Comoros. Moreover, the broker claims to have ‌the license number BFX2024053. However, the MISA registry lists this license for a different website, www.proxtrendltd.com. Please note that the company hides the date of its foundation. As for the domain, it was registered in January 2024.

How safe is it for you to invest in trading on this platform? We will analyze the offers of this company and user reviews, as well as answer questions about the reliability of the project.

Trading Conditions

The sections of the website with trading conditions are written in general phrases, without much specific data. Proxtrend offers clients the following options:

Four types of accounts with an entry threshold from $250 to $250,000.
Access to forex, crypto, stocks, and commodities markets.
Spreads from 3.0 to 0.08 pips.
Leverage up to 1:400.

Depositing is possible in Proxtrend via bank cards with a 1.5% commission or via crypto wallets and electronic payment systems. Withdrawal of funds takes up to 5 days.

The broker charges a withdrawal fee. The exact amount of the commission is not specified, but according to user reviews it is 6%. The minimum withdrawal amount is $120.

Traders can test the platform by creating a demo account with a virtual $100,000‌ deposit. Additionally, the broker provides clients with training, a selection of e-books, and a schedule of events.

FAQ

Would investing in Proxtrend offer the best returns?

Cooperation with this firm will inevitably lead you to bankruptcy, as there are complaints about delays in updating quotes and other terminal failures. In addition, high leverage increases the risk of losing capital when trading CFDs.

Does Proxtrend carry out withdrawals?

It is unlikely that you will be able to withdraw money, as many clients have failed to do so. In the comments, they write about problems with refunds and that they are not going to continue trading here. Write your review about your experience with this intermediary.

May I be scammed on proxtrend.com?

This dubious company publishes a fake address and brokerage license number. The broker's team is completely anonymous. All this indicates a high level of probability of fraud.

What's the best way to share my experience with Proxtrend?

Fill out the form and we'll make sure your voice is heard.

How can I tell if this is a fraudulent company?

Do your own research and never believe those who promise you easy money.

Criteria

Jurisdiction: Offshore

License: other

Leverage: 1:400

Broker type: DD

Demo account: Yes

Affiliate program: Not indicated

Minimum deposit: 250$

Trading platform: WebTrader

Assets: Forex, CFD

16 reviews about Proxtrend

Barrios
March 6
This is just a nightmare!
I paid 1,320 XRP for a super service that the firm was selling so heavily. It turned out to be just garbage, no improvement in trading. And then they also fined me for inaction! These scammers are always coming up with new ways to rip you off. If I had known this in advance, I never would have gotten involved in this scam.
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Helen Robinson
March 3
My funds have not been deposited into my brokerage account for 3 weeks now
I deposited money into my balance, $7K, and it was supposed to be credited immediately with Proxtrend. The money was immediately withdrawn from my cryptocurrency wallet, but the funds never arrived in my broker account. The support operators said that the funds will be available, you have to wait, they say this happens to new users. However, they didn't answer me anymore after a week and just ignored my requests. But the money is still not available... This is 100% scammers 😡 I even looked in my wallet, and I was not mistaken, the money was sent to proxtrend.com, but it did not go to my trading account, but to some scammer's wallet...
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96LW
March 3
It's better not to come here as a professional, this is not the level needed
What could be worse than a broker playing against you? At PROXTREND they cancel orders all the time, especially at times when you start making money. At first it seems like you've caught a lucky break, and then - one blink - and your $1000 has turned to dust. This is not a broker, it is a casino in favor of crooks, the owners of this portal.
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H. Robinson
February 23
Analytics is very important here
This broker has analytics at a high level. Such a case was recently: according to technical analysis, I got a candle that looked like a reversal signal. I thought about going in, but decided to check their analytics. PROXTREND consultants wrote that it was a false breakout and the trend will go up soon, explaining it with some nuances related to second level derivatives. I decided to trust their forecast and even included cross leverage. In the end, I did not fail - I got 1000 pips of profit, of course, taking into account the leverage. Now I constantly review analytics on proxtrend.com, because it really helps me to make the right decisions in trading.
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Grak77
February 15
Be careful, this is a total scam!
I deposited $800 to trade and then these scammers blocked my account for supposedly suspicious transactions. Which ones are suspicious? If I only bought a couple lots of EUR/USD? Customer support is not helping, they say we will figure it out and keep quiet. This broker stole at least 280 more dollars from me on commissions and spreads! These crooks charge commission even for deposit!!!
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C. Lewis
February 15
As soon as you start trading profitably, managers immediately start helping you lose your money!
I closed a trade with a profit of €731, but right after that they started manipulating my stop losses. For this reason, I lost 80% of my deposit due to the fault of the intermediary!! Although the conditions were clearly stated, but apparently the rules were not applied to them!
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J. Davidson
February 7
Total SCAM, I do not recommend to get in touch!
I encountered a problem a week ago on this platform - during an important news event my platform suddenly froze. I lost the opportunity to close a BTC/USD trade that could have brought me at least 13% profit. I wrote to the support team, and they replied three days later with banal phrases about technical problems.
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E. Hill
February 3
Lack of license, deception about working conditions
I don't see the point of opening deposits with one-day firms like PROXTREND, they don't provide any documents that a licensed broker should have, and their license is fake, the broker itself writes on the website that it is not going to take any responsibility for clients' losses and never has. They say we can block your account at any time without explanation. Trading conditions are very standard on proxtrend.com and you will find at least 10 licensed brokers with better conditions or the same in any ranking of forex companies. In short, I can't understand the motivation of people who open accounts with PROXTREND. Go straight to look for a broker from the list of licensed brokers, and you will be lucky and you won't have to write that you lost money here. The “Learning” section on the site is worthy of a separate mention at all, there are only articles like “US Non-Farm Payroll Report” and a glossary of about 50 terms! These are masters of learning! In short, trying to make money here is the surest way to lose it.
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Kendrik25
January 31
Never contact them
I deposited $7,800, I thought everything would be transparent. However, at the end of the day I saw that this broker has a lot of hidden fees that were not listed anywhere. I tried to withdraw my money and they charge 6% on every withdrawal. This is just a robbery! Proxtrend not only scams, but they do it openly.
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Jackie Buchanan
January 30
I just frayed my nerves
Every time you make a profitable deal on this terminal, then immediately the requotes start and you get the worst price. Because of this, I had a drawdown of 790 USDT in 3 days. The support service only tells me that these are the market conditions. Isn't that funny? Market conditions! These are just excuses to steal more customers' money.
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William Foster
January 28
They change the terms and conditions at any time
I had a nasty experience with Proxtrend when they introduced hidden commissions for take profit orders that were previously free. My profitable trades suddenly started bringing in less than I expected when I signed up for an account. I have come across a point where the broker becomes a scammer and starts manipulating charts and fees!
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William Jimenez
January 27
The company is doing great
I have been working with this broker for half a year. Before registration, of course, I read the reviews, and I was alarmed by negative comments that money is not withdrawn and it is impossible to earn at all on proxtrend.com. To be honest, I had my doubts about whether I should go to them or not. But I decided to take a risk and, fortunately, I did not fail. During all the time I have not had a single problem with the withdrawal of money. Moreover, I was able to earn good money here, because the broker offers really many different trading instruments. It seems to me that if someone failed to make a profit, it is most likely not in Proxtrend, but in the skills of the trader himself.
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Laura S.
January 14
I prefer to trade only with legitimate companies
I choose those brokers who actually have licenses, multi-million clientele, offices and other aspects of their operations. But firms like Proxtrend on the contrary are unproven and fake. How many clients and employees do they have? What are their liquidity providers? Where are the financial statements? What is the amount of client funds? Don't believe this nonsense about education, it's just an explanation of terms written on proxtrend.com that have nothing to do with education. It is a lie and nonsense created to attract very gullible internet users. In order to deceive them, of course.
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Olla
January 10
My horrible experience
I funded my account with $1,300 and started trading, everything was going well until I tried to withdraw my profits. Then the most interesting thing started: verification, which had already been completed, suddenly became invalid on proxtrend.com. I submitted all the documents again, but there was no response. Support service ignores, money floats in the air. Total deception...
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Robert Griffin
January 10
I have a lot of questions
I recently learned about the existence of trading, became very interested in it, and am currently taking a beginner's course. My mentor gave me an assignment while studying the variety of brokers: find some brokers on the Internet with signs of fraud and find out what they look like, understand how they cheat traders and tell everyone about it in the next class. I chose Prox trend for my assignment, which in my opinion is simply a fraudulent broker by all the parameters described. No matter what aspect of the company you look at, it has problems. For example, Prox trend's registration is not confirmed in the MVALI registry in Comoros, I found out that Prox trend has no office there and the license data is also false. I am leaving this comment as a part of exposing the pseudo broker and to spread awareness about the ongoing fraud by the broker.
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Mr. Anderson
January 8
It's very simple: the broker did not get a license at all
In fact, legally they do not exist. This organization simply does not exist anywhere PROXTREND works only as a website where you are offered “reliable” investments in Forex/CFD trading. Although this scam scheme is old and many people have already suffered, there are still illiterate and gullible traders who believe in this offshore scam and then quickly waste all deposits to zero.
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