The BSP received information that a group of persons, operating under the name and style of Professional Forex Union Limited (“Professional Forex”) is offering through its website https://proforexunion.com various online financial services and products, such as 1) fiduciary management of shares, assets, securities and monetary funds, 2) foreign exchange (Forex) trades and advice, and 3) an assortment of investment products.
Professional Forex Union Limited (“Professional Forex”) is not an entity registered with the Bangko Sentral ng Pilipinas (BSP).
BSP likewise warns consumers to take special care to protect themselves from the various kinds of frauds
being perpetrated in today’s financial markets. Before entering into online financial transactions, consumers are strongly advised to exercise prudence by verifying (online or other means), with the BSP and SEC an entity’s registration or licensing.
For information on BSP registered financial institutions, please visit http://www.bsp.gov.ph/banking/directories.asp