Fxprox

According to WikiFX's assessment, Fxprox presents significant challenges for reliability and client safety. The entity's WikiFX score of 1.24 is extremely low, reflecting severe shortcomings in its regulatory compliance. Operating without any valid forex trading licenses, it lacks the fundamental investor protections mandated by major regulatory bodies. This fundamental regulatory deficit introduces a high degree of risk for traders considering its services.

Fxprox is not a regulated broker. According to WikiFX data, it holds no valid, authoritative forex trading licenses. While the broker is registered in the United States and holds an 'Unverified' license listed with the Securities Commission of The Bahamas (SCB), this registration does not constitute meaningful, client-protective regulation. The absence of oversight from recognized financial authorities is a primary contributor to its low WikiFX score.

Fxprox offers a tiered account structure with varying entry requirements. The STANDARD account, which appears to be its basic offering, requires a minimum deposit of $250. The broker also offers higher-tier accounts such as SILVER ($10,000), GOLD ($50,000), PRO ($500,000), and VIP ($100,000), each with progressively higher entry conditions.

WikiFX data indicates no explicit information on the trading platforms supported by Fxprox. The available account details do not specify platform compatibility. Traders are advised to verify platform availability directly with the broker, as this is a critical component of the trading environment.