Proxtrend does name a company, a registration number and a licence. That already puts it ahead of most sites we look at. The problem is what those details point to when you follow them.
| Website | proxtrend.com |
| Domain created | 30 January 2024 (Network Solutions) — about 20 months old |
| Entity named | Proxtrend Ltd |
| Registration number | HA00324748 |
| Licence claimed | BFX2024053, Mwali International Services Authority |
| Address given | P.B. 1257 Bonovo Road, Fomboni, Comoros |
| Regulator action | AMF crypto-asset derivatives blacklist, entry dated 06/07/2026 |
The licence and the company number come from the same place
The site says Proxtrend Ltd is “a Company registered in Mwali (Moheli) island, authorised and regulated by the Mwali International Services Authority”, with “license number BFX2024053” and registration number “HA00324748”. Mwali is an island in the Comoros. The authority named there issues the company number and the brokerage licence — the incorporation and the supervision come from the same small offshore register. A licence is only worth what the body behind it can do, and this one is not a match for a European regulator.
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The address is a post box
The registered address reads “P.B. 1257 Bonovo Road, Fomboni, Comoros, KM”. “P.B.” is a post box. A broker that says it holds client money should be reachable at a place where people work, not at a numbered box. The same street appears on other offshore brokerage paperwork we have read this year, which is a sign of a formation agent rather than an office.
What it promises about your money
Proxtrend states that “Client’s funds are safely kept in separate trust accounts with investment-grade banks”, alongside “highest standard PCI scan and SSL certificates” and a “professional multilingual support team” that “works around-the-clock”. None of those banks is named. Segregation is a claim you can only test by naming the bank and the trustee, and the site names neither.
Why France listed it
The site markets CFDs — it calls itself a home for “cutting-edge CFD trading platforms, including WebTrader” and warns that “Trading CFDs, which is a marginal product, may result in the loss of your entire balance”. Offering those to French retail clients needs an authorisation the AMF could not find. It added proxtrend.com to its crypto-asset derivatives blacklist on 6 July 2026.
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What we verified
- Domain proxtrend.com created 30 January 2024, registrar Network Solutions (registry record, checked 24 September 2026).
- The site names Proxtrend Ltd, registration HA00324748 and licence BFX2024053 from the Mwali International Services Authority.
- The registered address given is a post box: “P.B. 1257 Bonovo Road, Fomboni, Comoros”.
- It claims client funds sit in “separate trust accounts with investment-grade banks” without naming a bank.
- AMF crypto-asset derivatives blacklist, entry dated 06/07/2026.
A blacklist entry means a regulator looked for an authorisation to serve French clients and did not find one. It is not a court ruling and not a criminal charge. But if you are considering Proxtrend, ask it in writing which bank holds the trust account and which regulator you complain to when it will not pay. A firm that cannot answer both in one email is not one to send money to.
