Profx Capital Review: Scam Funded Trader Program?

Welcome to the Profx Capital review. We’re reviewing a prop trading firm that supposedly provides capital, trading strategy and “expert mentoring” to under-funded and less experienced traders.

The official website of ProFX Capital is hosted at profx.capital. The website is allegedly owned and operated by Pro FX Options Ltd. Pro FX Options Ltd has a separate website whose domain can be found at profxoptions.com.

This domain is redirecting to profx.capital when users try to explore some pages.

The company behind Profx Capital claims to be a leading trading education provider since 2014. However, according to who.is, their official website was first launched in March 2016.

On the other hand, marketing material on the ProFX Capital’s domain, profx.capital claim that the operators have been trading Forex, Options and Futures for 25 years.

They also claim to have a 5 year track record of educating 5,000 traders worldwide who have utilized the company’s “ultimate trading package”.

These claims are hard to authenticate because a track record of 25 years is not possible for a company that was registered in 2016.

Also, with 5,000 traders, we should easily find enough feedback or reviews out there concerning Profx Capital service. We’ve checked and found nothing with regards to Profx Capital services.

Nevertheless, ProfxCapital insists that they have experience in training and guiding students to become professional traders.

They insist that they’re guiding their clients to become consistent traders using a live fully funded trading account.

ProfxCapital is operated out of London and they also claim to teach what other trading educators don’t.

They believe that even the best trading strategies without the right mindset or risk management will always fail.

That being said, consumers who have visited profx.capital ‘s website would like to know whether this is a genuine prop trading firm with the right education and experience.

We’ve reviewed several companies that operate just like Profx Capital. Examples include BluFX, Audacity Capital, FundisUS and many more. We found that these companies are offering a raw deal to say the least. In the end, most traders lose their subscription fees.

So how different is Profx Capital from the others? We’ll answer that question in the next phase of this review.

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Profx Capital review

Profx Capital believes that their 4 pillars of success is why many of their students are enjoying consistent results.

The 4 pillars have been listed on the homepage as follows:

• Trading Capital: to accelerate traders’ earnings
• Risk management: Trading strategies that incorporate risk management models, thanks to years of experience
• Algo Strategy: Company claims to offer Alpha focused proprietary strategy that is allegedly easy to learn
• Winning Mindset: discipline and commitment for achieving trading goals

Profx Capital believes that simplicity and precision is why traders succeed. They also claim to have proprietary trading strategies that are simple to learn and execute.

Traders who want to apply for funding with this company are required to initiate a Skype call with one of the representatives in order to discuss their trading experience.

Profx Capital is also claiming to accommodate traders who apply with their own trading strategies. Once evaluated, the company will supposedly provide a live funded account to the trader.

In addition to this, traders can schedule a call when they are interested in the company’s trade mentoring services.

According to ProfxCapital, the company is accommodating traders of all levels. They allegedly have answers to why most traders fail, core concepts that influence price action, building wealth through accumulative trading strategies and so on.

This begs the question of why Profx Capital is looking for traders to join their funded trader program yet they can trade by themselves.

If a trading educator is also claiming to fund traders with less capital, they should prepare an answer to this question since it beats logic to be in this business with the intention of “helping” others.

Why Profx Capital is possibly a scam and not legit

We’ve always been baffled by the concept of funding trading programs.

The first thing that traders should know is that it is not possible to remain consistently profitable as a trader unless training and experience is sufficient.

Most websites operating as supposed prop trading programs with the ability to fund traders claim to accept traders of all levels including beginners.

The only “qualification” for being accepted by these “prop trading firms” is that traders must pay a subscription fee.

Since the trader is not experienced, we don’t believe a serious prop trading firm can hand over a “live funded trading account” to them. No body wants to lose their money and this certainly applies to the people who run these “prop trading firms”.

The only way they can provide a live funded trading account is when potential losses are restricted to the exact amount of subscription which is charged in advance prior to joining a funded trading program.

In case of a loss, the firm can easily recoup from the money paid in subscription fees. In return, the trader will lose their own money while believing that they’re trading with the firm’s money.

Profx Capital or any other “prop trading firm” will never disclose this truth to anyone.

Secondly, Profx Capital does not disclose their trading conditions. We believe these conditions will be given to the trader once they have advanced into the program.

We would have appreciated a little bit of transparency. We need to know what conditions apply when trading the supposed funded accounts.

Among the things you should ask them include:

What profit share are you going to get?

What leverage are you trading with?

How frequent and how much profit are you entitled to withdraw?

Is the prop trading company using a broker or offering their own trading software?

Is training available? If so, why are they looking to train traders and given them money for trading when they can trade by themselves?

Conclusion

We believe that a website like Profx Capital will never answer all of the above questions due to the theory we discussed above.

We just don’t believe in these prop trading scams because their concept make no sense. For that reason, we will not recommend them at this time. We would also like to hear your opinion regarding our Profx Capital review.

Thanks for reading our Profx Capital review.