General Information About the Broker
ProXGain (proxgain.com) presents itself as a global trading broker. It claims regulation by Union of Comoros Offshore Authority. However, no evidence supports this license claim. The site hides ownership via WHOIS privacy. That secrecy raises strong suspicion.
Claimed Licenses and Regulation
ProXGain broker review shows no valid license in Comoros registry. BrokersView checked MISA and found no record for RFlexio Limited. FCA confirms ProXGain is not authorized and warns UK consumers. Lack of real regulation is a major red flag.
Trading Conditions
They advertise multiple account types and diverse assets. But no transparent information on spreads, leverage, or commissions appears. Their privacy policy does not disclose real costs. Investors cannot assess fees or risks before depositing.
Trading Platform and Technology
ProXGain offers Android, iOS, web and tablet platforms. They claim fast execution and third‑party liquidity. However, no independent proof verifies actual live trade execution. Users rely solely on platform claims.
Client Reviews and Feedback
Reviews.io shows positive user ratings averaging 4.6 stars. But Scamadviser flags a low trust score and warns of risks. BrokersView declares ProXGain suspicious, suggesting it may be fraudulent. FCA’s warning and lack of licensing outweigh good reviews.
Potential Scam Strategies
ProXGain likely uses glossy marketing to lure investors. They allow small deposits and apparent returns. Then they may block major withdrawals or ask for extra fees. Users face delays or denial of withdrawal requests. Finally, the platform may vanish, leaving investors without recourse.
Expert Opinion
Given the licensing deceit, regulator warnings, and opaque costs, ProXGain broker review shows high risk. They are unregulated and run under a dubious offshore license. FCA’s May 14, 2025 warning amplifies concern. This firm likely operates a fraudulent scheme.
Conclusion
The ProXGain broker review reveals multiple scam indicators. Claims of regulation are false. Costs are hidden. Deposits might be at risk. FCA and BrokersView advise avoiding this broker. We strongly recommend choosing brokers authorized by FCA, CySEC, or ASIC. Always verify proper licensing, trade transparency, and live execution before investing.
