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ProfitsTrade Review: Profitstrade.com is a Horrible Scam

ProfitsTrade Review: Profitstrade.com is a Horrible Scam

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ProfitsTrade is a company that views itself as a profitable and simple trading venture. Based on its name, the platform insinuates they only generate profits. The firm states it has multiple trading assets at the disposal of its customers.

Additionally, they also claim to have dedicated support. The entity also avails training for their clients. Sadly, we don’t know the quality of knowledge that you will get from Profits Trade. They promise to guide investors in their daily activities.

ProfitsTrade is allegedly a safe venture. Nonetheless, we find this hard to believe since this is an offshore firm. The company researches on behalf of its clients. Therefore, they achieve high outcomes. There is no performance report that can prove that the firm is indeed, profitable.

There are better alternatives in the market that you can use to earn legit returns. These crypto trading companies have been tested, and their verified results are enough to prove. Furthermore, you should not gamble with the safety of your funds with an unlicensed broker.

It is funny that the company claims to be transparent. The firm has various loopholes, and the information it presents is only for marketing purposes. Moreover, we do not recommend this venture to members of the public.

ProfitsTrade.com Review

ProfitsTrade has bonuses for traders. The platform is using several promotions to entice investors’. They allegedly have over 250 assets that you can use. The shady broker also brags about having high quality analyzing tools.

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The company is trading indices, forex, cryptos, and commodities. They welcome traders to join them to exploit the volatile market. The website is filled with fluff content. The information can easily be found online for free.

ProfitsTrade Review, ProfitsTrade Company

ProfitsTrade has not attempted to win the trust of investors. They are talking generically about the assets that they have available. You cannot trust them to generate profits for your account. The entity red flags should be taken seriously.

Investors should not settle for less with this broker. The amount of funds you can deposit at this suspicious entity ranges from $250 up to $10,000. The money they are asking for is beyond the market standard.

ProfitsTrade does not show investors the value of their money. The entity only claims to generate returns, which we cannot see any traders who can verify their statements. The scam uses bonuses to trick investors into granting them money.

Trading Conditions                                                             

The entity is allegedly providing flexible leverage and tight spread to their clients. ProfitsTrade has an Islamic account, which they are advertising. They have five trading accounts. Depending on the amount that you deposit, the more benefits you will have.

To register at this platform, you need to provide your phone number and email address. Immediately after you complete the registration process, the broker starts calling. They present themselves as account managers.

The entity does not have an MT4/MT5 trading interface. They only mention the term, but this is another bluff. Scammers usually avail of a web-based trading platform. Investors will not find this venture ideal to trade.

The entity promise investors a low spread of 0.1 pips. Unfortunately, the currency pair of EURUSD is offering a spread of 1.7 pips. ProfitsTrade is capable of saying anything to win sales.

These are trained con artists who will manipulate you into giving them money. The entity does not care about its customers. Once you deposit funds with them, you automatically lose access. Stay away from this fraudulent venture.

Withdrawal and Deposits

ProfitsTrade accepts funds via wire transfers, Credit and Debit Cards, e-wallets, and SEPA transfers. The information is not easily accessible. They are also accepting funds via cryptocurrency. Keep in mind that you cannot trace down your money.

The platform states that they do not have a minimum amount that you can deposit. However, they also limit traders only to deposit $250. They also do charge a fee upon cashing out of $30. The firm has the right to increase the amount of change it whenever they please.

The minimum amount that you can cash out is $50. The venture has multiple requirements that are outrageous. There is even an administration fee from this firm. Despite having tempting offers remember that this broker is not licensed.

Customer Support

ProfitsTrade support is available 24/5. The office address of the firm is 7 Old Street Roseau Dominica. You can contact them via email or phone. There are claims from their former clients that the support is terrible.

The investment company has multiple negative reviews and disadvantages. There is no reason to invest in this platform. There is a better venture which you can use to earn decent returns. We couldn’t verify if the location they feature is their existing base.

Regulation Status

ProfitsTrade is an outlaw broker that is blacklisted by the Financial Conduct Authority of the UK. The company is collecting funds from various countries without meeting the strict guidelines. The company states that it has a registration document from the Caribbean Island of Dominica.

There is a huge difference between being registered and being regulated. Scammers use this term to confuse investors. Nonetheless, it is also clear that acquiring a registration form is very easy and cheap. Invest only with companies that are licensed by reputable financial watchdogs.

ProfitsTrade does not offer their clients fund safety. The entity can choose to exit the market whenever they please. Furthermore, they will not answer to anyone. Considering the venture has received a warning from the FCA, trading with them will be unwise.

Clients Feedback

The company is advertising its services all over social media. They have mixed reactions from investors, with the majority believing this is a scam. ProfitsTrade contact investors and convince them the firm will assign professional account managers to trade on their behalf.

The entity has five start rating, which lures investors into trusting it. Unfortunately, the people leaving positive remarks and endorsing the venture are not verified, traders. The platform displays high earnings on the dashboard of their clients.

The company steals funds from their clients. If you try processing the withdrawal request, you will keep getting excuses. Furthermore, to prove how unethical this firm is, the company claims that it will show you a trick on evading tax.

We have reason to believe that the positive testimonials are coming from paid marketers. They do not avail of proof of payment. Moreover, they will receive a commission.

The Domain Insight

ProfitsTrade.com was registered in November 2019. The period that they will be in the market is that of two years. There is no information about the founder behind the entity. The entity is fully anonymous, which is another huge drawdown. Additionally, they have low traffic of 5,339,858.

Final Verdict

ProfitsTrade avail widespread for their clients. This will automatically lead to losses benefiting the broker. Fraudulent venture advertises such lucrative offers only to steal from naïve traders. The information regarding the leverage is not available.

They have received a warning from FCA, which is a huge red flag. The platform is not profitable, and you will lose your funds if you give them the benefit of the doubt. They are not processing cash out the request of investors.

Try out these legit cryptocurrency trading companies in the market. You will not regret trusting them as you will earn genuine profits. Moreover, these brokers use real-time data. Additionally, the payment methods which they use are not shady, and the companies are transparent.

 

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