JUSTPROFOREX

JUSTPROFOREX is a forex and CFD broker registered in Cyprus, with a registered office at 70 Kyrillou Loukareos street, Kakos Premier Tower, 4156 Limassol, Cyprus. The company was founded on May 27, 2020, and operates the website justproforex.com. The broker presents itself as an online trading service provider for retail and institutional clients, offering access to various financial markets.

Given its registration in Cyprus, the broker falls under the jurisdiction of European financial regulations. However, the exact operational history and market presence are not extensively documented in independent sources. Our review relies solely on the disclosed regulatory registrations and publicly available corporate records.

JUSTPROFOREX claims regulatory oversight from two bodies: the Cyprus Securities and Exchange Commission (CYSEC) under a Derivatives Trading License (Market Maker) and the Vanuatu Financial Services Commission (VFSC) under a Forex Trading License (Electronic Platform). According to our cross-referencing with public registers, both licenses are listed with a status denoted by a dash, which typically indicates that the license is either pending, suspended, or not yet activated. This raises significant concerns about the broker's current regulatory standing.

For traders, regulation by CYSEC normally implies adherence to EU-wide investor protection rules, including negative balance protection and participation in the Investor Compensation Fund. The VFSC license, while less stringent, adds an international dimension. The ambiguous status of these licenses means that traders cannot rely on the usual safeguards. We strongly advise verifying the license status independently through the respective regulators' official databases before engaging with the broker.

Our internal scam risk scoring system assigns JUSTPROFOREX a severity score of 85 out of 100, indicating a high risk of potential misconduct or operational issues. This score is based on the combination of a recent founding date, unclear regulatory status, and a lack of verifiable client feedback or transparent trading conditions. The high score serves as a warning to traders to exercise extreme caution.

Without independent user reviews or comprehensive third-party audits, the actual trading environment remains opaque. The broker's domain and branding do not appear in major industry discussions, which further compounds the uncertainty. In the absence of solid evidence of reliability, the safest approach for traders is to consider alternative brokers with proven track records and fully active regulatory licenses.