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A platform offering suspicious products and services is none other than Profits-Alliance. From the word go, we can tell that they are using images from other exposed scams. According to the disclaimer at the footer of their homepage, this is an ecosystem on its own. The platform boasts of being the world’s leading crypto exchange, forex broker, and Investment Company. All these accolades would do some good with facts to prove it. Find out more in this detailed PROFITS-ALLIANCE Review.
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Once you land on their homepage, you get the feeling you’re in the right place. After all, a guy is showing another guy a trading chart. This make-believe will easily entice unsuspecting investors.
Those who sign up using their impulse will be in for a rude surprise. The platform is not legit and has several complaints surrounding it. All that you see on the website are false claims meant to entice users into depositing funds.
The website claims that Profits-Alliance’s vision is to open up the global market. Users are welcomed to trade and invest simply and transparently. We love the way this broker entices you with industry ideology.
What this points out is that the people working behind it have some industry knowledge. Apart from having a compelling website, everything else is just a scam. Read on to find out why we have flagged this investment platform down.
When opening an account, you need to give out your address, email, and full names. Although the process seems easy, verifying your information is the issue. The platform demands that users send bank statements, copies of ID, and credit card details.
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We don’t see the need for their verification procedure. Why won’t they send an email with a verification link or SMS code? We believe they are harvesting banking information from members.
There’s also an affiliate program on offer for those looking to recommend the platform. We recommend it as the platform has not paid any commissions to affiliate members. Most affiliate members have already blacklisted the platform for non-payment.
Victims are laying blame on these affiliate members for directing them to a scam. You don’t want to be in the middle of it, and it’s best to avoid recommending the platform.
The platform seems to have their hands in the cookie jar. You get the feeling the platform is not sure of what they are good at. The owner claims they are forex brokers and offer Crypto investment services.
We notice that they create unrealistic expectations for members. This is what scam artists do to create an illusion of a profit-making platform. Before you sign up, know that they don’t have proof of making anyone any money.
Their experience with the platform shows how ill-mannered the people behind it are. Most users are up in arms with the platform’s inability to release funds. You won’t get a dime once you deposit funds with them.
Withdrawing is the main issue facing members of the platform. Others have already given up, seeing that their accounts have been frozen. Once you push the platform to release funds, they block your account.
The company claims to have a valid license in the UK and has an address in the States. There’s no way the platform can reside in the States and fail to have registration. Authorities in the States will want to know the people behind it.
We are left in the dark as to who is behind this platform. No one can precisely point the finger at the owner of this platform. And this makes it an anonymous and high-risk investment option.
It (the website) has been running for 143 days as we publish this post. According to records, the website went live on November 28, 2020. The name of the registrant has been withheld for privacy purposes.
We didn’t expect to find any names proving that the owners want to remain anonymous. Anonymous investment platforms have nothing good to offer except misery. Please stay away from them.
Profits-Alliance furnishes members with four accounts or plans. The plans are listed from Plan 1 to Plan 4. Plan 1 has a minimum deposit of $50 and a maximum of $999. The plan comes with a guaranteed ROI of 15 percent in 12 hours.
$1,000 is the minimum allowed deposit for Plan 2, and it has a guaranteed ROI of 30 percent in 24 hours. Plan 3 holders deposit a minimum of $5,000 and get an ROI of 50 percent in 48 hours.
The final plan comes with a minimum deposit of $10,000 and a guaranteed ROI of 80 percent in 72 hours.
There’s a chat tab with a bot claiming the support staff is online and ready to help. This is a bot that takes your information and saves it for future use. Once they close this platform, they will open another one and send you a subscription.
We did notice that there’s no means of direct communication. You can’t reach support by making any calls. This is why we believe that the entire platform is a scam. These scam artists don’t want any contact with members after depositing.
The platform accepts Bank transfer and Bitcoin as their preferred mode of payment. You get an email with a bank account where you should send funds. Once you do that, the balance reflects on your account.
Within a few hours, the balance will rise, and you get to think you are profiting from the platform. When it’s time to withdraw, the platform will take you in circles and block access to your account.
Profits-Alliance is an unregistered investment platform ripping off anyone who invests with them. The platform stands accused of forging license documents. This is gross misconduct with heavy penalties.
We do believe that the owner wants to fool investors with their on-display certificate. If you do due diligence, you will notice the platform is not found on any Company register. The SEC does not have any broker or investment firm licensed under this name.
By falsifying their documents, we have a ready platform to do whatever it takes to steal. We only hope that authorities will act quickly and shut down the website. Hundreds have lost their investments with this ridiculous investment platform. Using false credentials only shows how ill-considerate the owners are towards members. The platform should be open about their license status. This is a scam and should be seen as one by all parties.
We have seen hundreds of such scams creeping up every day. There’s no safety of funds as the platform does not comply with industry regulations.
Profits-Alliance is a scam not worth investing in. All members will eventually lose their money as the platform plans to block their accounts.
There’s no way we would recommend this platform. Please stay away from it.
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Our team wishes everyone a prosperous trading experience.
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