bforex is a brand under the group called "Tradenetworks" and "Invesus". I dont know where these both companies are registetered but both are under Israeli ownership and located and managed from the city of Herzelia in Israel, while they have few offices abroad such as in Gibraltar. Tradenetwork is the technology entity they established to supply technological services to bforex and the other brands they hold. Tradenetwork or invesus supplies the trading platform name "profit" to bforex and all other brands.
their other brands:
FXGM- based in cyprus
financika- based in Israel, this brands works in the middle east region
dynamic trade- located in malta, aim to japan
forexct- located in australia
there might be other brands that i didnt mention that i am not familiar with