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/10

Prostoxfx

Mauritius Mauritius | 2-5 years |
ECN Account Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://prostoxfx.com/

Website

Rating Index

Contact

+44 2037575953
https://prostoxfx.com/
406 Cumberland, St.Glasgow, Post Code - G5 0SE, United Kingdom.

license Forex License

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
Mauritius
Operating Period
2-5 years
Company Name
Securcap Securities (MU) Ltd
Email
support@prostoxfx.com
Contact Number
+442037575953
Company Website
Account Info
Verified Site
About Us
Disclosure
Wiki Q&A
Comment

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Official Website

Verified Site

  • prostoxfx.com
    104.21.73.152
    Server Location
    United States United States
    ICP Registration No.
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    Top Visitor Locations
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    Creation Date
    --
    Website Name
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    Company
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Company Profile

Company Profile

Review summary

Broker Name Prostoxfx
Founded in 2023
Registered in Mauritius
Regulation Not Regulated
Min. Deposit $100
Account Types Micro, Premium, ECN Classic, ECN Elite, VIP
Max. Leverage 500:1
Customer Service Phone: +44 2037575953Email: support@prostoxfx.comRegistered address: 406 Cumberland, St.Glasgow, Post Code - G5 0SE, United Kingdom.

Overview of Prostoxfx

Prostoxfx is a brokerage firm founded in 2023 and registered in Mauritius. It offers a range of account types, including Micro, Premium, ECN Classic, ECN Elite, and VIP, with a minimum deposit starting from $100. Notably, Prostoxfx provides generous leverage of up to 500:1.

Overview of Prostoxfx

Regulation

Prostoxfx operates without any regulatory oversight from financial authorities, raising potential concerns about investor protection and transparency.

Regulation

Pros and Cons

Pros of Prostoxfx include offering five different account options to cater to traders with varying capital and preferences, as well as providing generous leverage of up to 500:1, which can amplify potential profits and losses. However, the lack of regulation, high minimum deposit requirements for some account types (e.g., $50,000 for the VIP account), and an inaccessible official website can be seen as significant drawbacks.

Pros Cons
5 account options to choose from Not Regulated
Generous leverage up to 500:1 High minimum deposit required for some accounts
Inccessible offcial website

Account Types

Prostoxfx offers five account types: Micro ($100 minimum deposit, 500:1 leverage), Premium ($500 minimum deposit, 200:1 leverage), ECN Classic ($1,000 minimum deposit, 200:1 leverage), ECN Elite ($10,000 minimum deposit, 100:1 leverage), and VIP ($50,000 minimum deposit, 100:1 leverage). The varying minimum deposits and leverage levels cater to traders with different capital and risk appetites.

Account Types Micro Premium ECN Classic ECN Elite VIP
Min. Deposit $100 $500 $1,000 $10,000 $50,000
Max. Leverage 500:1 200:1 200:1 100:1 100:1

Leverage

One of the standout features of Prostoxfx is the generous leverage it offers traders, with a maximum leverage of up to 500:1. While high leverage can potentially magnify profits, it also carries significant risks, as losses can accumulate rapidly. Traders should exercise caution and implement proper risk management strategies when trading with leverage.

Leverage

Customer Service

Prostoxfx provides clients with multiple customer support channels. They can reach out to the broker via phone at +44 2037575953 or email atsupport@prostoxfx.com. However, it is worth noting that Prostoxfx's registered address is listed as 406 Cumberland, St.Glasgow, Post Code - G5 0SE, United Kingdom, which seems paradoxical given the broker's registration in Mauritius.

Conclusion

Prostoxfx presents itself as a broker offering flexible account types and generous leverage. However, the lack of regulation, high minimum deposit requirements for some accounts, and the discrepancy between the registered address and location raise potential concerns. Traders should exercise caution and conduct thorough due diligence before committing funds to this broker.

FAQs

Is Prostoxfx a regulated broker?

No, Prostoxfx is not regulated by any financial authority, which means it operates without oversight or investor protection measures enforced by regulatory bodies.

What is the maximum leverage offered by Prostoxfx?

Prostoxfx offers generous leverage of up to 500:1.

Why is there a discrepancy between Prostoxfx's registered address and its registered location? While Prostoxfx is registered in Mauritius, its registered address is listed as being in Glasgow, United Kingdom, which seems paradoxical and raises questions about the broker's transparency and legitimacy.

Can I open an account with Prostoxfx with a small deposit?

Yes, Prostoxfx offers a Micro account with a minimum deposit of $100, making it accessible for traders with smaller account sizes. However, higher-tier accounts like the VIP account require a substantial minimum deposit of $50,000.

Risk Warning

Online trading carries significant risk of total capital loss, unsuitable for all investors. It requires thorough risk comprehension before starting. Review content and date may change, and readers should verify current information directly with the broker before investing.

Company Profile

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

Wiki Q&A

What is the regulatory status and risk profile of Prostoxfx?

Prostoxfx operates as Securcap Securities (MU) Ltd, a Mauritius-registered entity that has been active for between two and five years. Its operational profile is characterized by a significant absence of credible investor protection, as it holds no valid licenses from established financial authorities and maintains a 'No Regulation' status. This results in a high-risk profile, evidenced by its WikiFX assessment score of 1.35, which reflects substantial operational deficiencies and a complete lack of external oversight for client funds.

04-02
United States

Is Prostoxfx regulated?

No, Prostoxfx is not regulated. The broker, registered in Mauritius, operates without any verified or recognized licensing from major financial regulatory bodies. Investors should be aware that trading with an unlicensed entity means there is no independent authority to enforce fair trading practices, oversee client fund segregation, or provide a formal dispute resolution mechanism, which significantly elevates the risk to capital.

04-02
United States

When was Prostoxfx established?

Prostoxfx has been operating in the market for a period estimated between two and five years, though specific founding date information is not publicly documented. The company is registered under the name Securcap Securities (MU) Ltd in Mauritius, an offshore jurisdiction.

04-02
United States

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

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

What are the most common and reputable forex regulatory authorities?

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.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

How is the WikiFX Score calculated?

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.

04-02
United States
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