Is is a Genuine Broker? Please Clarify

Investment ForumCategory: Broker QuestionsIs is a Genuine Broker? Please Clarify
Ranon asked 1 month ago


I have recently joined the online Forex trading company named UProFX, and started online trading with them since last week.  The company based in Estonia / Latvia and their web site is at

I would like to know the authenticity of the firm, and its money mangers, whether they are legitimate or a fraud?

I request your support to clarify this point before I continue investing with them.  I signed an agreement with UProFX, plus I submitted my verification documents to them as per their requirements. Just want to make sure their reliability for safe investing.

Thank you very much.

1 Answers
Best Answer
Scam Trading Brokers Staff answered 1 month ago

The way you can know a Forex broker is genuine is if you verify that they are licensed and regulated.
Assuming you are from the United Kingdom, you would check with the Financial Conduct Authority (FCA) to verify the brokerage firms license. You can find an FCA regulated broker, look here.
Estonia and Latvia are the hot beds of financial fraud, with hundreds of scams operating with fake addresses from there. It is interesting that this broker Uprofx lists an address is both countries, yet their phone number is in the United Kingdom. They are probably actually located in the Philippines, we will never know.
Be Smart, and choose one of the highly reputable brokers.

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