ProfxonlineTrading is a CFD broker whose website domain was registered on March 12, 2024. This broker primarily offers investment services for trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. The broker does not provide services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the official website of ProfxonlineTrading (profxonlinetrading.com) shows that the broker was established in 2016, claiming that its corporate entity is ProfxonlineTrading and it is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker did not disclose the registration information of its corporate entity or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) did not find any regulated company named "ProfxonlineTrading."
Therefore, ProfxonlineTrading (profxonlinetrading.com) is essentially a fraudulent broker website with neither a corporate entity nor any regulatory oversight.
Account Opening Process
The process to open a ProfxonlineTrading account is as follows: Visit the broker's official website, click on "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to enter the account registration page. Fill in personal information such as your name and email address, set a login password, and submit the form. After verification, the account can be successfully registered.
Trading Instruments:
ProfxonlineTrading offers a variety of trading products to its clients, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from currency rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or specific sectors without trading individual stocks. Exploring popular indices can uncover diverse trading opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in the global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations of publicly traded companies and earn profits based on company performance and dividends, without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
ProfxonlineTrading offers eight different investment plans: STARTER, PREMIUM, VIP MEMBERSHIP, FOREX SIGNAL SUBSCRIPTION, STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER:
- Minimum deposit: $600
- Minimum expected profit: $2,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
PREMIUM:
- Minimum deposit: $15,00
- Minimum expected profit: $10,500
- Maximum expected profit: $15,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
VIP MEMBERSHIP:
- Minimum deposit: $5,000
- Minimum expected profit: $15,000
- Full benefits package
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNAL SUBSCRIPTION:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Compatible with any broker
STARTER ACCOUNT:
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full benefits package
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Compatible with any broker
Trading Platform
ProfxonlineTrading offers a proprietary trading platform and claims an average order execution speed of less than 7.12 milliseconds. It boasts extensive liquidity providers, executing more than 12,000 orders per second.
Deposits and Withdrawals
ProfxonlineTrading does not support deposits and withdrawals through credit/debit cards or bank wire transfers. Users can only conduct transactions via cryptocurrencies.
Summary:
Traderknows reminds investors that ProfxonlineTrading is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
