​ProXGain.com: A Suspicious Broker with Multiple Red Flags

ProXGain.com presents itself as a cutting-edge trading platform, offering a range of financial instruments and promising high leverage with competitive spreads. However, a closer examination reveals several concerning aspects that potential investors should be aware of.

Questionable Regulatory Claims

ProXGain claims to be operated by RFlexio Limited and purports to hold a license from the Mwali International Services Authority (MISA) in the Comoros. However, investigations have shown that ProXGain is not listed as a licensed entity on MISA's official website. This discrepancy raises serious doubts about the legitimacy of their regulatory claims.

Lack of Transparency

The company's website lacks essential information, such as a physical address and detailed company background. This absence of transparency makes it difficult to ascertain the true nature of the business and holds the potential for evading legal responsibilities.​

Dubious Contact Information

ProXGain provides a contact number that appears to be registered through IP telephony services, which can be easily changed and are often used to obscure the true location of the caller. This practice is common among entities seeking to avoid detection and accountability.

Inconsistent Platform Availability

While ProXGain advertises availability across web, Android, iPhone, and PC platforms, users have reported that all links redirect to the web version only. This inconsistency suggests that the platform's claims may be misleading.

A Storm of Negative Reviews

One of the most damning indicators of ProXGain’s shady operation is the volume and nature of user complaints across the internet. On platforms like Trustpilot and scam-reporting forums, dozens of victims share similar stories: accounts frozen without reason, withdrawals denied, customer support vanishing after deposits, and pressure tactics to add more funds under false promises.

Recent Domain Registration

The domain proxgain.com was registered in November 2024, indicating that the website is relatively new. Newly established websites, especially in the financial sector, warrant caution as they may lack a proven track record.

Conclusion

Given the lack of verifiable regulatory oversight, absence of transparency, dubious contact information, inconsistent platform availability, and recent domain registration, ProXGain.com exhibits multiple warning signs that are commonly associated with fraudulent trading platforms.​

Investors are strongly advised to exercise extreme caution and consider alternative platforms that demonstrate transparency, regulatory compliance, and a proven track record of reliability.