Proquinfx is a CFD broker whose official website domain was registered on November 4, 2023. The broker mainly offers investment services in trading markets such as Forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on Proquinfx’s official website, the broker was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed its company registration or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) does not have any record of a regulated company named “Proquinfx.”
Therefore, Proquinfx is essentially a fraudulent broker website with neither a registered entity nor any regulatory oversight.
Account Opening Process
The account opening process for Proquinfx trading accounts is as follows: go to the broker's website, click "Open Account" on the homepage or "SIGN UP" in the top right corner, fill in the required personal information such as name and email, set a login password, submit, and complete the account verification to successfully register.
Trading Instruments
Proquinfx 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 exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can discover diverse trading opportunities and leverage to enhance potential gains.
- Commodities: Commodity trading encompasses crucial resources in global markets, enabling 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 public companies, earning returns based on company performance and dividends without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Proquinfx's official website has not disclosed information regarding account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade size, maximum position/order size, or minimum price precision.
Trading Platform
Proquinfx claims to provide a self-developed trading platform with an average order execution speed of less than 7.12 milliseconds, with more than comprehensive liquidity providers, and over 12,000 orders executed per second. However, the download link provided directs to the MT4 trading platform, where there is no broker by the name of Proquinfx.
Deposits and Withdrawals
Proquinfx does not support deposits and withdrawals via credit cards or bank wire transfers; transactions can only be conducted using cryptocurrencies.
Conclusion:
Traderknows reminds investors that Proquinfx is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
