Broker Review

Unauthorised Firm Details
Name: Proxgain.com
Website: proxgain.com

What ProXGain claims to be

The platform is styled as a full-service online trading and investment firm. According to their website, they offer:

• Access to “over 1,600 assets from global financial markets, including forex, stocks and commodities.”

• 24/7 market access, educational resources, dedicated analyst/sales trader services, and various account tiers (Starter, Explorer, Advancer, Pioneer, Visionary).

• A statement that they are “authorized, licensed and regulated by the Union of Comoros Offshore Finance Authority … as International Brokerage and Clearing House under License number BFX2024232.”

Key warning flags

Despite those claims, multiple independent reviews and regulatory bodies have raised red flags about ProXGain. Important issues include:

1. Lack of recognized regulation

   • The UK regulator Financial Conduct Authority (FCA) has issued a warning that ProXGain (proxgain.com) “may be providing or promoting financial services or products without our permission.”

   • The license cited (Comoros / Mwali International Services Authority) appears either fictitious or not verifiable via official regulator websites.

   • Reviewers note that legitimate brokers typically clearly display their regulatory status, physical address and audited status — which ProXGain’s website lacks.

2. Young domain, hidden ownership, and minimal reputation

   • The domain was registered on 25 November 2024.

   • WHOIS information shows the owner is using a privacy-service; no clear beneficial owner or company address is publicly verified.

   • Trust-and-review sites give very low scores: for example, Gridinsoft rated it 19/100, stating “Suspicious Website … many risk indicators.”

   • Scam Detector gives it 36/100 and labels it as “Questionable. Controversial. Flagged.”

   • Multiple complaint patterns associated with scam-style behavior

   • Reports that clients were “locked out” when requesting withdrawals.

   • “Aggressive” marketing tactics / large deposits urged after initial contact.

   • The website claims large asset access and very attractive benefits (e.g., “Earn up to 7.6% interest on your available balance”). Such generous offers often appear in high-risk or fraudulent platforms.

Verdict & What it means for you

• There is no solid evidence that ProXGain is properly regulated by a reputable financial authority.

• Its operational profile (young domain, hidden ownership, minimal verified user feedback, bold promises) matches many known scam-broker red-flags.

• If you invest with them, you may be placing funds at high risk of loss, with very limited avenues for recourse (since regulatory protections may not apply).

• Regulators (such as the FCA) are advising against using them.

Final word

While ProXGain markets itself as a professional investment/trading platform, the available evidence strongly suggests it should be approached with extreme caution. Without transparent regulation, verified business structure and proven track record, the risk of loss is high.