Expert-profit Review: Expert-profit.com Sad Broker

Expert-Profits markets itself as the best forex trading venture in the market. Its main target is to assist investors in attaining financial success. How the venture plans to achieve this is still a mystery. We don’t know if the scheme is trying to save on space, which is absurd, or the reason behind the inadequate information on the website. 

They claim to be on continuous improvement of their website. The entity allegedly utilizes the latest technology to generate high ROI. This is not the first Ponzi scheme we have come across trying to attract more customers with false information. The available trading interface doesn’t even incorporate technology. 

Expert-Profits is trading forex and cryptocurrencies. These are volatile products. You will need a legit investment scheme and great trading skills. Offshore entities will try to convince you do not need trading knowledge. However, if you blindly enter the market, you can only have yourself to blame. At least ensure you have an insight into what financial markets entail.

We have done the leg work for you and found these legitimate forex trading companies. These are transparent platforms. They also have a trading history. You can check their performance. The entities are also working with professionals. Your money and data are in safe hands. 

Expert-Profits.com Review

There are many reasons why you would love to join the financial market. The market keeps expanding, and each day new brokers join the market. It is the responsibility of investors to run a background check on the company they intend to venture with. The number of scammers is on the surge. It is not rocket science to distinguish a genuine firm from a fraud. 

The first thing you must check is if the entity is regulated. Some tend to present registration certificates. Unfortunately, the document is only for formality. It, therefore, doesn’t make a broker authentic. Expert-Profits is an offshore firm that is neither regulated nor registered. 

The entity does not have a trading performance. Potential customers cannot check how the scheme has been fairing in the past. Furthermore, the entity was established in August 2021. The domain registration is only for one year. We highly doubt the venture is going to renew the registration.

The traffic visiting the company is also low. It is a good thing investors ar not falling for the schemes narrative. Never share your contact details with brokers that promise quick riches. They tend to use intriguing adverts to trap more people. Another tactic is using false testimonials. You may come across people claiming to have earned. If there is no proof of payment, walk away from the platforms. 

Expert-Profits Trading Conditions 

Expert-Profits provides a web trader interface. Most offshore entities offer such platforms because they can easily manipulate the data. Furthermore, the platform has substandard features. The best brokers in the market invest in superior software. 

You should also note that the presence of trading software does not guarantee the company is genuine. The trading terms of the entity are not pleasant. You will need to deposit 5,000 EUR to kick start your trading. 

Expert-Profits is an exploitive venture. Even the best brokers in the industry don’t ask for that much. You can find a reliable scheme with $10, and most entities charge $250. The spreads are also pathetic. There are five trading accounts. The spreads range from 2.5 pips to 3 pips. Again this is beyond the average market standard, which is 1.5 pips.

To open trade investors will be required to pay more. The shady company does not mention anything in regards to the commission. The leverage limit is also unfavorable. The top-tier account cap is 1:200. It proves this is an offshore scheme. No company that has a license would push you to such limits. 

The market is volatile. High leverage attracts enormous returns. Nonetheless, investors should note this is a double-sided sword. You can therefore make huge unimaginable losses. Expert-Profits is a scheme offering promotions and bonuses. Refrain from accepting such lucrative offers. 

Withdrawal and Deposit 

Expert-Profits payment methods include; MasterCard, WebMoney, and UnionPay. We cannot verify if all options are acceptable. However, the bank card options are better. The financial institutions have done a great job of combating fraudulent activities. Investors can issue a chargeback from up to 540 days.

There is no legal documentation, yet the scheme is offering bonuses. You will need to execute absurd trade volume for you to cash out. Licensed companies are not authorized to provide such services. We are unaware of the minimum amount investors can cash out.

Avoid brokers that do not share withdrawal terms. When you want to get back your money, they will inflict hidden charges. Their sole intention is to retain the money in their system. The lack of a client agreement policy should not be taken lightly.

Contact Details and Customer Support 

It is only the scammers behind Expert-Profits who know their location. The platform does not have contact details. The broker, however, expects clients to verify their accounts before signing up. Why would you risk sharing such information with anonymous individuals? The only reason offshore entities operate discreetly is to avoid being put behind bars. 

How do you intend to resolve challenges when there is no customer support? Legit companies operate in full transparency. They hire experts and a friendly team. Issues facing their customers are handled on time. 

These platforms have existing social media pages. Customers can interact with the team. Unfortunately, Expert-Profits does not have client reviews. Therefore, we cannot know the experience of users. 

Expert-Profits Regulatory Status

 Expert-Profits is a company that does not give much information about its regulatory status. The platform is dangerous, and investors should stay away from them. Usually, when you visit a legitimate scheme website, you won’t struggle to find the information. A regulatory form is available on the platform. 

Moreover, their terms and conditions are also clear. Legal documentation indicates the rules to which the entity adheres. We can’t even find the venture’s country of origin. Nonetheless, the scheme is targeting traders from strict jurisdictions. 

Expert-Profit is operating independently. They do not have a parent company. Furthermore, there are no financial watchdogs overseeing their investment services. Never engage with an offshore scheme. They can devastate you as the withdrawal process are impossible. 

To enjoy a favorable trading environment, we recommend sticking to licensed brokers. Some of the reliable and reputable financial agencies include; the Financial Conduct Authority (FCA) of the UK, Commodities Future Trading Commission (CFTC) of the USA, Cyprus Securities and Exchange Commission (CySEC), or Australian Securities and Exchange Commission (ASIC).

The watchdogs ensure investors are protected against negative account balances. Additionally, brokers must report their trading activities to the agencies. If the venture faces bankruptcy, investors stand a chance of receiving compensation. The offshore entity only wants you to make losses. 

Final Verdict 

Expert-Profits is an exposed scam. The platform is hazardous, and opening an account with them would lead to a bad outcome. The venture does not intend to help investors earn passive income. Their only objective is to steal from as many naive traders as possible. 

Instead of throwing your money down the drain, why not try out these legitimate forex investment platforms. They are verified, and their trading results have been audited. You will enjoy peace of mind while trading with them. The safety of your data and funds should always be your top priority. 

Are the trading conditions of Expert-Profits favorable?

No, the scheme exposes traders to severe risks.

Does Expert-Profits have a license?

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?

The only thing you can get from Expert-Profits is huge losses.