this is a broker without regulation or license so it means they can do what they want with your money soon as they have it in their hands!
Warning they are scammers !!!
“I too was cheated on a large scale by proufx. I would be happy if other victims, especially Raymond Borg, contact me. So maybe we can better act against these fraudsters together and have them legally prosecuted.”
“Prou FX previously Upro FX are a skilled, experienced, well trained, market knowledgeable, legally guided and charismatic SCAMMERS. I and my wife have just lost €153,000 of our family retirement money together with accumulated profits of €77,000 – ie €230,000. According to their platform and online investment account statements they lost €182,000 in 2 days - 30th and 31st March 2020. At a late stage you will realise that they can manipulate the electronic platform that you see as they desire changing invested funds used and margin allocations to meet their objectives / plans.
My account manager was the charismatic Vincent Batovich ably aided by Noah Alievi. They said they were operating from their London office and their telephone international code confirms this. Trading was excellent on paper for 7 months - 1st Sept 2019 to 27th March 2020. Apart from the daily robotic profits generated by the trading platform there were ad hoc market events which generated even higher returns. Vincent allowed 2 withdrawals which were settled same day to build trust and this inclined us to add to our investments which were performing so well unlike our investments in equities. I was always refused an appointment to meet up personally nor was I given any address of their London Office. There is no written contact. No company letterheads are exchanged. No company registration numbers. No financial information is available and will not be given. On the other hand they have all information about you. This should have put me on notice.
When your deposits dry up and as soon as you request a withdrawal, which I did on 18 February 2020 for €50,000 out of accumulated profits, you are advised that these will take 3 months from last deposit to process in view of open trades! This is not in tandem with the account conditions on their site which states 5 to 10 business days to process.
You are assured that there will be no problem for their finance team to process the withdrawal request, which in our case was to occur on 24th April 2020. On the 18 March 2020 we were advised that our account manager was assigned other duties and a change in manager to Frank Cooper was arranged. On 24 March out of the blues we were offered insurance for €200,000 with the €20,000 premium required being spilt by company and ourselves. They were aware that we still had savings of €10,000 emanating from the initial withdrawal. We refused and on 26th March the 1st loss of €6,000 occurred to spur us into taking up the insurance scam. They even sent us the signed insurance contract which I pointed out was not valid at law due to various serious omissions. They made sure to kill any account balance before withdrawal date and this they did on 21 April. They purposely were not honest and prudent to park at least the withdrawal request money when in February 20 BTC / EUR was trading in the €9,000 region. Obviously they advised that there were open trades and that the market had crashed. The Covid 19 pandemic worked in their favour to strengthen their argument. Most likely the money had long been gone probably as soon as it touched their account.
Do not trust these professional unlicensed Scammers. Disregard the 3 star rating on Trust Pilot as the positive reviews are fabricated. The trading platform is also fabricated, an illusion and is manipulated in stages according to their plan to give it a legal flavour. You will not see a penny of your hard earned savings. They are heartless and an evil team.”
“My story is almost identical as the one of Wirry Wizard from a week ago: similar totals, merchant names (Ronald Morris - once at beginning he did a mistake and introduced himself as Daniel(!), Frank Cooper), dates... Reported scam Uprofx/Proufx to EFRI - European Funds Recovery Iniciative (efri.io) and signed a petition”
“Proufx is a scam and they will take all your money.
I started investing with the predecessor to Proufx called Uprofx in January 2019. It started in the usual way with a deposit of £250 and my broker was David Smitt. Investments went well and after a few months David sent me £100 as an incentive. He kept asking for bigger investments so he could capitalise on market trends. I invested a total of £20,000 but my account showed a healthy profit of £18,000. The website changed and I was told it was for security reasons it eventually reappeared as Proufx.
I decided I wasn’t going to invest anymore and this is when things went bad. David Smitt said he couldn’t handle my account anymore because I wasn’t investing more money and my new manager was Daniel Adlemann, he didn’t do anything with my account from October 2019 until I tried to withdraw the money. He told me that I could withdraw it on 2nd January 2020, however I requested that no trades be undertaken during this period. Later I found I had active trades on my account. I couldn’t contact Daniel anymore but I was contacted by Frank Cooper who said Daniel had set trades up and I couldn’t withdraw my money until 3rd February 2020. I told Frank that I had specifically requested no trades were done. The leverage on my account was raised and from an initial £38,000 my account is now below£2,000.
These are criminals who operate out of Estonia. If you invest with this company you will lose everything!
You will also have given an organised criminal gang a copy of your passport or driving license, your credit or debit card details and your bank account details. Your whole life will be affected.
Also you should know that all these people who claim they can get your money back are also criminals and will scam you again.
If you have been a victim of Proufx please complain to the President of Estonia Kersti Kaljulaid she has a twitter account and you can go to the presidential site and send her a message.
I'm not allowed to put links on trustpilot but google her and you'll find contact details.
You probably won’t see any money but if enough people complain some of these criminals might go to prison.”
“this is a broker without regulation or license so it means they can do what they want with your money soon as they have it in their hands!
Warning they are scammers !!!”
“Be very cautious of where & how you invest. It’s really hard telling the authenticity of this online platforms only if you’ve had a bad experience with them after trading or doing any form of business with them. You can visit : Radia.recovery at {gmail..com }in case you have lost some amount to get it retrieved.”
