Below is a comprehensive analysis of ProFXmarket Limited, based on the provided criteria and available information. The analysis covers online complaints, risk assessment, website security, WHOIS lookup, IP and hosting, social media, red flags, regulatory status, user precautions, and potential brand confusion for the official website http://profxmt.com/. Note that the information is synthesized from available data, including web sources, and critically evaluated to avoid blindly accepting unverified claims. Some details may be limited due to the lack of current access to certain tools or data sources.
There is limited direct complaint information specifically tied to profxmt.com in the provided references. However, related domains and brands (e.g., profxmarket.com) have significant negative feedback:
ProFX Market has been flagged as a potential scam by multiple sources, including ReportScamOnline (2021) and ScamRecovery.net (2021). Complaints include:
Operating without a proper financial regulatory license.
Users reported inability to withdraw funds, account blocking, or requests for additional deposits after losses.
Dissatisfaction expressed on social media and trading forums, indicating untrustworthy operations.
Forex Peace Army (2022) noted that profxmarket.com appears to be out of business, with the website down.
The similarity in branding (ProFXmarket vs. ProFXmarket Limited) raises concerns about potential overlap or rebranding to evade past complaints.
Analysis: The absence of specific complaints about profxmt.com does not confirm legitimacy, especially given the negative history of similar brands. The pattern of complaints against profxmarket.com suggests caution, as profxmt.com may be a continuation or variation of the same operation.
Unregulated Status: Sources indicate that ProFX Market (likely related to ProFXmarket Limited) operates without a valid financial regulatory license. It falsely claimed regulation by a nonexistent “International Forex Regulatory Body (IFRB)” and misrepresented its base as Los Angeles, USA, where brokers must be regulated by the NFA or CFTC.
High-Risk Investment Offers: The broker reportedly promotes high-return, high-risk investment opportunities, a common trait of High Yield Investment Programs (HYIPs), where 80% of investors typically lose money.
Lack of Transparency: For related brands, key details like trading costs, leverage levels, and platform specifics were unclear or missing, preventing informed decision-making.
Trust Score: A related domain, profxalt.com, was flagged by Scamadviser with a very low trust score due to recent registration, potential malicious activity, and other scam indicators. profxmt.com may share similar traits, pending further verification.
Risk Level: High. The combination of unregulated operations, potential scam history, and lack of transparency suggests significant risk for users.
A valid SSL certificate is critical for securing user data. While profxalt.com was noted to have an SSL certificate, there is no specific data on profxmt.com.
If profxmt.com lacks HTTPS or a padlock icon in the browser, it would be a major red flag, indicating unsecured data transmission.
Malware and Phishing:
No direct evidence suggests profxmt.com hosts malware, but related domains like profxalt.com were flagged as malicious by DNSFilter within 30 days of analysis.
E-commerce and forex scams often use phishing tactics, and profxmt.com should be scanned using tools like ThreatView or Phishing Radar to detect impersonation or card-skimming malware.
Security Recommendations:
Use antivirus software or tools like VirusTotal to scan the website for malware.
Employ website security monitoring services (e.g., ThreatView) to detect vulnerabilities or hacks.
Analysis: Without specific security data on profxmt.com, assume moderate to high risk until verified. The history of related domains suggests potential vulnerabilities.
No specific WHOIS data is provided for profxmt.com. However, related domains like profxalt.com were recently registered, a common trait of scam websites with short lifespans.
WHOIS lookup for profxmt.com would reveal:
Registrant Details: Legitimate brokers typically provide transparent contact information. Hidden or offshore registrants (e.g., Seychelles, as with Affort Projects S.A. for ProFxTrades) are red flags.
Domain Age: New domains (<1 year) are riskier, as scams often use fresh registrations to avoid detection.
Registrar: Reputable registrars are preferred; obscure or offshore registrars may indicate risk.
Recommendation: Perform a WHOIS lookup using tools like HostingChecker or ICANN-accredited services to verify profxmt.com’s registrant, age, and registrar.
Analysis: Lack of WHOIS data assumes higher risk, especially given the recent registration of similar domains.
No specific IP or hosting data is available for profxmt.com. For comparison, legitimate brokers typically use reputable hosting providers with stable infrastructure.
Related domains like profxalt.com had low Tranco rankings, indicating low traffic and potential obscurity, which aligns with scam characteristics.
Risk Factors:
Obscure Hosting: Scam websites often use cheap or offshore hosting to minimize costs and evade scrutiny.
Shared Hosting: If hosted on shared servers with known malicious sites, it increases risk.
Recommendation: Use tools like HostingChecker to identify the hosting provider, IP address, datacenter location, and nameservers for profxmt.com. Check for blacklisted IPs using domain blacklist checkers.
Analysis: Without data, assume moderate risk. Verify hosting to confirm legitimacy.
No specific social media data is provided for profxmt.com. For profxmarket.com, research on platforms like Facebook, Twitter, and Instagram revealed user dissatisfaction, with complaints about untrustworthy practices.
Legitimate brokers maintain active, professional social media profiles with transparent engagement. Absence or negative feedback is a red flag.
Red Flags:
Lack of verifiable social media presence or profiles with generic, low-quality content.
Fake reviews or manipulated testimonials, common in scam operations.
Recommendation: Use tools like ProfCheck to scan social media and the deep web for red flags, such as fake accounts or negative behavior associated with profxmt.com.
Analysis: Negative social media feedback for related brands suggests high risk. Verify profxmt.com’s social media for authenticity.
No direct access to profxmt.com content is provided. For profxmarket.com, the website offered forex trading, CFDs, metals, indices, and shares, but lacked detailed breakdowns of instruments, deposit/withdrawal methods, or fees.
Confusing or incomplete account information, as noted for profxmarket.com, hinders user trust.
Claims and Misrepresentation:
False regulatory claims (e.g., IFRB) and misleading location details (e.g., Los Angeles) were noted for related brands.
Promises of easy profits or high returns without risk disclosure are deceptive and align with FTC guidelines on unfair advertising.
Recommendation: Analyze profxmt.com for:
Clear, verifiable contact information (address, phone, email).
Transparent trading conditions, fees, and regulatory details.
Absence of exaggerated claims (e.g., guaranteed profits).
Analysis: Incomplete or misleading content, as seen in related brands, suggests high risk. Verify profxmt.com content for legitimacy.
ProFX Market (and likely ProFXmarket Limited) claimed regulation by the nonexistent IFRB and misrepresented its base as the USA, where NFA/CFTC regulation is mandatory.
Actual Status:
Unregulated, as confirmed by multiple sources.
Associated entities (e.g., Affort Projects S.A., Finance Group Corp.) were blacklisted by the UK’s FCA and other regulators, indicating serial scam operations.
Implications:
Unregulated brokers offer little to no legal recourse for fund recovery.
Recommendation: Verify profxmt.com’s regulatory status with reputable authorities (e.g., FCA, CySEC, NFA, ASIC). Avoid brokers not licensed in your jurisdiction.
Analysis: Unregulated status is a critical red flag, confirming high risk.
ProFX Market (profxmarket.com): Likely the same or a predecessor entity, with a history of scams and regulatory issues.
ProFxTrades (profxtrades.com): Another brand linked to Finance Group Corp., flagged as a scam with excessive minimum deposits ($5,000) and Bitcoin-only payments.
Profxalt (profxalt.com): Flagged as a scam with a low trust score and recent registration.
Other Entities: Names like Profex (profexint.com), ProFr (profr.net), or Proftech (proftech.com) may cause confusion but appear unrelated (IT services, internet providers).
Risk of Confusion:
The similarity between profxmt.com, profxmarket.com, profxalt.com, and profxtrades.com suggests deliberate rebranding to evade past scam allegations.
Scammers often use typosquatting or similar domains to impersonate legitimate brokers, as seen in e-commerce phishing scams.
Recommendation: Verify the exact domain (profxmt.com) and avoid related domains unless proven legitimate. Check for official branding and regulatory alignment.
Analysis: High risk of brand confusion, likely intentional to exploit trust or avoid detection.
Unregulated status, history of scams with related brands, and multiple red flags (e.g., lack of transparency, suspicious payment methods, recent domain registration) indicate significant risk.
Potential brand confusion with known scam entities (profxmarket.com, profxtrades.com) suggests profxmt.com may be part of a serial scam operation.
Recommendations:
Avoid Trading: Do not open an account or deposit funds with profxmt.com until its legitimacy is verified through regulatory bodies and independent reviews.
Verify Details: Conduct WHOIS lookup, IP/hosting analysis, and website security scans to confirm authenticity.
Monitor Feedback: Check social media, trading forums, and review sites for user experiences with profxmt.com.
Data Gaps: Specific details on profxmt.com (e.g., WHOIS, IP, current website content) were unavailable, requiring assumptions based on related brands. Direct analysis of profxmt.com is needed for conclusive evidence.
Critical Evaluation: While sources like ReportScamOnline and Forex Peace Army provide valuable insights, they may not be exhaustive or fully verified. Cross-check with primary regulatory sources.
Dynamic Nature: Scam websites evolve rapidly. profxmt.com’s status may change, necessitating real-time verification.
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