According to an independent safety assessment published by BrokerChooser, the Proxtrend broker is not considered a trusted service provider because it is not supervised by any top-tier financial regulator. The review notes that the company operates under offshore regulation rather than oversight from authorities such as the FCA, ASIC, or CySEC, which may increase risks for retail traders.
The Proxtrend broker operates through the domain proxtrend.com and states that it is owned by Proxtrend Ltd.
Declared company details:
Registration Number: HA00324748
License Number: BFX2024053
Registered Address: P.B. 1257 Bonovo Road, Fomboni, Comoros, KM
Regulator: Mwali International Services Authority (MISA)
Support Channels: Email, live chat, contact phone +815030850091
The company claims authorization from the Mwali International Services Authority. Public verification records associated with the license number BFX2024053 can be found in MISA-related databases.
However, the Proxtrend broker does not publish copies of its registration certificate or regulatory authorization documents directly on its website proxtrend.com, limiting independent verification by prospective clients.
Opening an account with the brokerage follows a standard online registration process.
The Proxtrend personal account serves as the central area for:
Account verification
Deposits and withdrawals
Trading activity
Portfolio monitoring
Customer support access
The company states that every newly registered client receives a demo account containing 100,000 units of virtual funds based on the selected account currency.
The Proxtrend broker offers CFD trading across several asset categories:
Cryptocurrencies
Forex
Shares
Commodities
Indices
While the intermediary advertises a broad selection of instruments, detailed contract specifications remain largely unavailable before registration.
The platform itself is described only as a proprietary Web Trader solution.
Available public information does not include:
Execution model details
Server locations
Platform manuals
Mobile application specifications
Liquidity provider disclosures
Advanced trading tool descriptions
This lack of transparency makes it difficult to independently assess execution quality and trading infrastructure.
| Feature | Available Information |
|---|---|
| Trading Platform | Web Trader |
| Demo Account | 100,000 Virtual Funds |
| Maximum Leverage | 1:400 |
| Asset Classes | Forex, Shares, Crypto, Commodities, Indices |
| Platform Documentation | Not Published |
The Proxtrend broker provides four account categories.
| Account Type | Minimum Deposit | Free Withdrawals | Leverage |
|---|---|---|---|
| Basic | $250 | 1 Lifetime Free Withdrawal | 1:400 |
| Gold | $25,000 | 1 Free Withdrawal Monthly | 1:400 |
| Platinum | $100,000 | 3 Free Withdrawals Monthly | 1:400 |
| VIP | $250,000 | Unlimited Free Withdrawals | 1:400 |
Published spreads vary significantly between account levels.
For example:
EUR/USD: from 3.0 pips (Basic) to 1.6 pips (VIP)
GBP/USD: 3.4-2.0 pips
USD/JPY: from 3.3 pips to 1.9 pips
Crude Oil: $0.12-$0.08
Compared with many regulated CFD operators, entry-level spreads appear relatively wide.
The Proxtrend broker supports:
Credit cards
Electronic payment systems
Bank wire transfers
According to company disclosures:
Deposits are free of charge.
Withdrawal requests are reviewed within 24 business hours.
Funds may require up to 5 business days to arrive after approval.
Additional verification documents may be requested before processing.
When evaluating withdrawing money from Proxtrend, traders should pay attention to the withdrawal fee structure.
The company states:
VIP clients receive unlimited free withdrawals.
Platinum-tier accounts include up to three free withdrawals each month.
Gold clients receive one free withdrawal monthly.
Basic account holders receive only one free withdrawal, after which fees apply.
The exact withdrawal fees are not publicly disclosed. The broker also imposes inactivity fees after one month without trading, deposits, or withdrawals.
The Proxtrend personal account is used to submit funding and withdrawal requests.
The support telephone +815030850091 can reportedly be used for account-related inquiries.
The Proxtrend broker presents itself as a regulated offshore brokerage operating from Comoros.
| Category | Information |
|---|---|
| Company Name | Proxtrend Ltd |
| Registration Number | HA00324748 |
| License Number | BFX2024053 |
| Jurisdiction | Comoros (Mwali) |
| Regulator | Mwali International Services Authority |
Created: January 30, 2024
Updated: May 19, 2026
Infrastructure protected through Cloudflare
Ownership details hidden through privacy services
Public MISA records show an active license associated with the company. However, MISA is generally regarded as an offshore regulator and is not considered equivalent to Tier-1 authorities such as the FCA, ASIC, or FINMA.
Available Proxtrend reviews present a mixed picture.
Relatively low TrustScore;
Significant number of customer reviews;
Positive experiences are reported by some users.
Most Frequently Reported Complaints:
Withdrawal difficulties;
Payment-related disputes;
Refund issues;
Customer support concerns.
Regulatory Concerns:
Several industry review portals highlight limited regulatory transparency;
Public licensing documentation could not be verified;
Offshore authorization is referenced, but supporting disclosures remain limited.
Current Assessment:
Public feedback is mixed;
Both positive and negative experiences are represented;
Reputation indicators should be evaluated alongside regulatory and operational transparency factors.
BrokerChooser's assessment remains cautious and does not classify the Proxtrend broker as a trusted provider due to the absence of supervision from a top-tier regulator.
| Risk Factor | Assessment |
|---|---|
| Regulation Quality | Offshore |
| Corporate Transparency | Moderate |
| Trading Conditions Disclosure | Partial |
| Withdrawal Reputation | Mixed |
| Overall Risk Level | High |
The Proxtrend broker offers a broad range of CFD markets, demo accounts, leverage up to 1:400, and offshore licensing from the Mwali International Services Authority.
Positive factors include:
Publicly disclosed registration and license numbers
Demo account availability
Multiple funding methods
Detailed account structure
Concerns include:
No Tier-1 regulatory oversight
Missing copies of licensing documents on the website
Limited platform transparency
Mixed customer feedback regarding withdrawals
High account thresholds for premium services
BrokerChooser's negative safety assessment
Project Risk Level: High
Suitable for: experienced speculative traders who understand offshore brokerage risks and can independently verify company information.
Not suitable for: beginners, conservative investors, or traders seeking strong investor protection under FCA, ASIC, CySEC, FINMA, or other top-tier regulatory frameworks.
The overwhelming majority of brokers are scammers. Traders can identify illegitimate ones by using free online resources. It is essential to verify the company's registration, the licensing of its services, and its operational history. It is also important to assess the completeness and authenticity of contact information and the transparency of trading conditions.
You can consult specialists who can help evaluate the broker and identify signs of fraud, and if necessary, assist in opening an account with a reliable service provider. A knowledgeable and comprehensive approach will help avoid negative trading experiences.
First and foremost, pay attention to the content of the comments. Excessively emotional opinions without specifics may indicate paid content. Additionally, a broker's positive reputation may be indicated by mass activity on a single online portal or forum. Another sign of fake reviews is their formulaic nature. Such comments are filled with general phrases and advertising slogans. Fraudulent projects use paid content to confuse traders and lure them into cooperation.
It is important not to fall for the tricks of company representatives. This can lead to additional financial losses. With legitimate brokers, withdrawing funds is a free service that is not subject to any fees such as insurance, taxes, commissions, etc.
If you need assistance in withdrawing capital, it is advisable to consult specialists. Timely consultation with experts can help achieve positive results and withdraw funds from the brokerage account.
In the case of scam brokers, account blocking may be related to a simple refusal to withdraw funds. Clients are accused of violating agreements, money laundering, technical work on the platform, etc. Such manipulations are aimed at depriving traders of the ability to withdraw capital.
When a brokerage account or personal account is blocked, it is better to use the services of professionals . Depending on the reason for the blockage, experts can find the optimal solution to the problem.
The reasons for the inactivity of a brokerage company's presentation portal can vary widely. Blocking due to numerous complaints, cessation of project activities, inclusion in the blacklist of trading platforms — all of this can lead to access issues to the broker's site. Additionally, unstable internet connection and browser restrictions can cause improper functioning of the resource.
If the official broker's website does not open, seek help from experts. They will advise on any questions and provide recommendations for further actions.
First and foremost, it is important to ensure that there are no assets in the account and no debts to the broker. If there are instruments in the investment portfolio, they should be sold, and you should wait for the settlements to be completed. After that, you can submit a request for the withdrawal of funds and the closure of the brokerage account.
If the broker refuses to fulfill requests, it is better to consult experts. They can assist in closing the brokerage account and recovering funds through chargebacks . When preparing to dispute transactions, it is necessary to gather all available evidence of cooperation with the project. This will help increase the chances of successfully initiating refunds.
