Proactive FX Markets is a copy-cat of Octafx Forex broker. Their website is striving to resemble that of Octafx, and we wonder what their agenda is. Consequently, we don’t feel that the broker is trustworthy enough to include them in our list of recommended CFDs brokers.
The so-called Forex and CFDs broker is operating from the website Proactivefxmarkets.com. Their homepage promises ulra low spreads. They claim that Proactive FX Markets is an ECN broker that has won multiple awards since 2012.
The awards that Proactivefxmarkets.com has listed on their website includes UK Forex awards, Best ECN broker Asia, Fastest Growing Micro Broker, Best Islamic Forex broker and many more.
These awards are obviously fake as we are unable to verify their authenticity. We’re also considering the date that this website was first launched on the internet and even finding more reasons to doubt their alleged awards.
According to who.is, Proactive FX Markets was registered and launched in April 2021. So how did they win awards in 2012 up to 2016 when the broker was not doing business back then?
All of these things point to the fact that the owners of this brokerage website are telling lies. They are trying to trick you just like PlusFX and other dubious so-called trading and investing platforms.
Proactive FX Markets Review
Despite having a website design which clearly copies that of another Forex broker, the entity does not have a company behind their business.
Because the broker has never incorporated a company, you don’t expect them to have a valid regulatory license.
Worsre still, they fail to disclose their business location. In other words, Proactive FX Markets does not have a valid physical address, which is another big red flag.
ProactiveFXMarkets.com and the tricks they use to lure traders
They lure investors using education materials, a “secure trading environment” as well as promising to assign a personal coach to every trader.
The broker also wants to give 100% deposit bonus, which is another big trap since scammers have always used this trick to deny withdrawal requests.
If you scroll down below, you will also find “investment plans” that resemble those of a HYIP. Here, the broker is suggesting that if you deposit some money, they will multiply it.
However, when we signed in, we did not find a portfolio management interface. We found a strange trading interface and not the usual MetaQuotes or cTrader platforms.
Not only is the trading platform not user-friendly, but we felt that these were labeled in a weird way.
The interface has green and red buttons for buying and selling CFDs. The green button is labeled “trade” while the red button is not labeled at all. We were under the impression that this is an incomplete trading platform that is still under construction.
Also we felt like the trading platform had bugs as it could not load correctly, not to mention the broker not giving us any leverage, spreads information or anything important.
In short, Proactive FX Markets is an investment scam but with a fake trading platform. There’s no liquidity providers because what they operate is a special script that comes with all the major assets that are needed to fool investors.
What to do if you have been scammed by Proactive FX Markets
Due to the presentation of their website, they’re likely to pursuade a few victims into signing up and depositing money into the platform.
These guys are accepting PayPal (or are suggesting so) which means initiating chargebacks against them can be very easy.
The problem is that sometimes PayPal tends to favor scammers as you are likely to lose a case if the broker says you didn’t read their terms and conditions regarding trading on their platform.
Ultimately, you need an experienced money recovery professional to help you get your money back.
So just fill in the form in this review or use the live chat function to get help. This is for people who have been scammed.
Proactive FX Markets is a scam simply because the outward presentation of their site is convincing but inside the website is something totally different.
The operators are anonymous, and they are not licensed to offer any kind of financial service.
Thanks for reading. Leave your comments below if you have an experience with this broker.