FCA warns against Profxmarket / profxmarket.eu (clone of former PSD agent)

Profxmarket / profxmarket.eu (clone of former PSD agent is not authorised or registered by the FCA. Based upon information that FCA holds, they believe that the firm is carrying on regulated activities which require authorisation.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

Profxmarket / profxmarket.eu (clone of former PSD agent)

Email: [email protected]

Website: www.profxmarket.eu

FCA authorised firm details

Firm Name: Coins Exchange Ltd

Firm Reference Number: 572692

Address: 76 Blenheim Road Cheadle Hulme Cheadle Cheshire, SK8 7BA, UNITED KINGDOM

Telephone: (4 4) 01614853980

Email: [email protected]

How To Protect Yourself From Scams 

Brokerswatch recommends investing only with brokers that are regulated by reputable authority.

Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.