ProuFx Unlicensed Exchange

The Malta Financial Services Authoriity (“MFSA”) has become aware of an entity operating under the name of ProuFx which has an internet presence at proufx.com. The entity presents itself as an online Forex Broker with a web-based trading platform where traders can have access to global financial markets and can chose from over 250 trading instruments including currency pairs, stocks and indices, with a leverage of up to 1:500.

The MFSA wishes to alert the public, in Malta and abroad, that ProuFx is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide the service of an exchange or other financial services which are required to be licensed or otherwise authorised under Maltese law. Also, the MFSA would like to make reference to the warnings that have been issued against ProuFx and other affiliated companies by the Spanish Financial Regulatory Authority. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.

The MFSA would therefore like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator.

Investors are advised to be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.