Scammed by Profit Trade? If so, MyChargeBack may be able to help you. Their expert team will know if there is a way to assist you. Fill out the form and get a free consultation today.
Profit Trade Review
🔴 Profit Trade services are questionable – a warning sign!
🔴 Profit Trade isn’t licensed – a red flag!
🔴 Profit Trade isn’t transparent – a red flag!
🔴 Profit Trade creates unrealistic expectations – a red flag!
What is Profit Trade?
Profit Trade is an unregulated broker platform similar to Mismarkets, which we reviewed earlier. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online brokerage services without a license cannot provide their clients with any sort of protection.
Profit Trade Regulation
They are unregulated and most likely totally illegal, which ultimately means that your funds will be in danger if you deposit! So, yet again, there is another reason to stay away from them!
As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of client’s funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirement that varies by country and may also depend on the product specification, business classification and so on.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.
On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.
Profit Trade Complaints
Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their platform was problematic before they had already signed up. If they shows any of these signs, either avoid them entirely or look very carefully before proceeding:
🔴 Not regulated
🔴 High fees and commissions
🔴 Not enough information on the website
🔴 Poor communication and refusal to answer questions
🔴 Pushy manner
🔴 Keeps mentioning rules and fees that were not outlined in the contract
🔴 Does not let you withdraw money from your account
Profit Trade Products and Services
They are not safe, and we say so because it’s an unregulated broker. They always promise things they won’t deliver, and Profit Trade makes no exception – they claim that customers can become rich quick, which is a scam offer seen from any viewpoint! Such promises are ludicrous, and they show that Profit Trade is a suspected scam you should avoid! Beware!
Profit Trade Customer Support
Profit Trade allows you to contact them through telephone contact and email. They do not provide any location data. There is no certainty in the contact information available.
You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.
Are Funds Safe With Profit Trade?
With such lack of information and being unregulated, funds are not safe. Security of funds is a huge problem with brokers. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about them.
Profit Trade does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process.
Profit Trade Withdrawals
The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:
🔴 Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s funds
🔴 Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing
🔴 Cease communication. They may be evasive or simply not communicate at all.
If Profit Trade is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others.
Profit Trade Review: our Conclusion!
Profit Trade is an unregulated platform to avoid. Their methods for investment are unreliable.
If you have been scammed, feel free to leave a comment or if you wish to arrange a free consultation with our professionals, do not hesitate to submit your complaint by clicking the button bellow.
Profit Trade Scam Review
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🖥️ Website URL : www.profit-trade.com
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⚖️ Regulation : Unregulated Broker (CFDs, Forex)
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🧭 Headquarters : N/A
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💳 Minimum Deposit : N/A
🚨 Profit Trade not paying? Share your experience and get help
📋 Fill out the form here and get a free consultation today.
i was contacted by profit trade and made the mistake of letting them have 3,250 sterling by giving them my credit card number in the uk,and then they have not returned a call.I am living in thailand.what if anything can i do?
She said I must pay the fees before I’ll be able to withdraw my money…but she never mansion that before I send the money to her…
Same to me Grace did the same after 24hrs waiting for the money I just received an email that I must pay 2000 to receive my profit. I deposited the money in Nicolaine Geldenhuys account
That is a scam company just as AGMartket. Same people! DO NOT INVEST ANY MONEY with this copany. That is a SCAM!!! AGM took my money as well. SO PEOPLE PLS DO NOT INVEST IN SUCH A SCAMERS!!!
Same to me they said I must do withdrawal fees for pin
I was scammed by Lenox online trading. I deposited via Luno when my profit was due I was told to make another payment which is a withdrawal fee
Thieves and scammers. Thea rob your money and you never see it back. Use fake names like Mary Stone, Annabelle Johnson, Victoria Gomez, Kevin Brown, Brian Waugh, with fake mail adresses, mostly at proton mail (company awarded grants by the EU!!!) and a bunch of anonymous phone numbers, London, Frankfurt, mobiles from Ukraine, Cyprus, Australia, etc.
I filed a complaint with the criminal police and the financial authorities for fraude, robbing and money laundering
Also asked to make a deposit for withdrawal and I’ve made so much profit
Same and her name is Clara Mandla
Same here mam
Terri at HOTFXOPTION.COM also scammed me, wanted me to pay one time fee for withdrawal, she said it was IRS FEE $5400. I then knew it was a scam. Stay clear of this company. Phone number Terri used was
+1 (725) 224-5595, located in Las Vegas.
Hello everyone I have been and I need help to recover my lost funds
same like this this past few days only. she never told me after you invest you must pay this she said only after i give her my invest after 2days she sent me message saying i need to pay 600 dollars above to so i van able to withdraw my profit
They ask me to pay more money to upgrade the account to secure my withdrawals but nothing was made now they not responded whatsoever
I still have the address on my wallets who the money was sent to
Hello i’m Nolonwabo I invested money on forex i made a profit but those people said i must pay to get my profit ,I payed more than R10 000 to Mr Amkelwa Sibisi’s account but still they say i must pay R7000 to get my profit I did not pay because i don’t have it and am already in debt because am unemployed.
Did you get your money back?
I suggest that those who been scam? Just list the name company & name of broker(if Facebook & picture), phone no:? to this comment, so that they can’t run or do something? For us, we check in whether got similar? Yea, I got scam, for 250euro money into cryptocurrency matter? My mistake. Because my didn’t check network, can anyone suggest? Likely to check about it?
Fxtraderspips.com was the company name I invest to. After getting my profit on my first week they told me to pay the trading signal to clear my trade cost 1k. So they can send my money back and I knew it was a scam the employee broker names on telegram was @amelialopez_investment. Hope I can get my refund back from them
I am in the same predicament with @Amelialopez_investment. I did pay the trade signal $1500usd. Now they asked me to open a blockchain account to send the profits and thenntells mentonfund the account with $2000usd so that profits can ‘pop up’. I put breaks on that because that jsut spunds really fishy!! She is still waiting for me to fund the account. I told her i couldn’t and because she understands thebsystem better than I do and had not informed me of this requirement from the start, maybe she could fund it for me and inwould repay her. She declined ofcourse.
Have you found a way tp getnyour refund back from them?
Also she is under a different company now Tradecoiners.com at least that’s thebone she signed me up for.
I invest in company Advantage Investment. I pay RM650 for trade and i got profit of RM14,811.00. They ask me to pay 16% from the amount for overtrade. I already paid them RM2,369.00. After pay the amount they ask me to pay RM2,502.00 for Bank Negara Malaysia charges before they can release my profit money.
Please help me.
Hi Fadzlinah,
I’m facing around the same situation. May I know did you receive any help in regards to your matter?
They convey me to deposit to fund my account on April 30, 2021 but i withdrawn my 500 hundred dollar but until now it didnt come to my credit card.
Sweet talking Scammer George n Christofer tel number +6444887693 n a few other tel almost same numbers called me Almost Everyday telling me i Can make lots of money by Trading Currency n Crude oil n I lost More than 1000 Usd Please BEWARE of these tel Numbers cos they are Scammers.Never trust them !!!!!!!
GLOBAL INVEST TRADE. OLIVIA BRIDGES AND SHE MIGJT SEND U AN ID WITH NAME OF PATRICIA
My money is stuck there. There now have charges 50usd.. 20usd..110usd for everything single thing before withdrawal. I’m living proof this is totally scam unfortunately I found this website too late I lost 600usd maybe more. When I joined they say ur free to withdraw anytime quick and easy in an automatic way. Liers I have countless fees to pay now and my money will never return to me. Please if ur planning to invest stay away. Broker name olivia bridges. Biggest lier always saying this is last fee I swear, please trust me, this is last fee.. They whatssap groups show ppl happy every day someone withdrawing celebrating. Its alllll liers to convince ppl like me to keep investing and trusting them. Their email is not automatic I got many emails with typos to my name and totally wrong information. These r red flags I didnt see on time I was desperate to withdraw so I was paying all fees she was telling me to. And they always find more stuff to charge when u need money back. I lost my health cause of them I’m jobless and I have to beg many times for her to help me get money back. So it’s like u not only loose ur money , u loose ur self respect too investing with them
Cannot withdraw from account Broker Golden Trading.
I invest in company Golden Trading. I pay RM300 for trade and i got profit around 13k. They ask me to pay 1.4k from the amount for exchange rate. I already paid them. After pay the amount they ask me to pay RM3320 for Bank Negara Malaysia charges before they can release my profit money.
Bitcoinminex, always asking me to send withdrawal fee to take my profit but after I send the money hey always ask me to add money to get my profit, I send them 420 xrp all… Can you please help me to get me back my money? Thank you
Contact name on google for refund
Cannot withdraw from account GBC-Trader (Telegram)
I invest I pay RM1000 for trade and i got profit around 16k. They ask me to pay 30% from the profit . I already paid them RM4704. After pay the amount they ask me to pay 10k for registration company before they can release my profit money.
Just now I lost my 300 plus $ in this scam. The same way they are repeating in the name of management commission fee for withdrawel. Before joining they didn’t mentioned these things and their motive is use the investers greedy to loote the maximum money. Finally we will not get even 0.1 % which we invest. Please be aware that no one will give free money or no one will make fortune for us. These scammers are using the same way send 100 $ as investment and get your 4000 $ within a week. Once you made the payment they start to convince you to loote more money how much they can. Actually we are making these thieves rich by sending money.. The name will change but the froud is same. Please be aware. Don’t loose your hard earned money to these frouds. I lost my money in the telegram group named easy forex signals. The other one is sure shot forex. There are many different names in different telegram groups.. Be aware and please please don’t get trapped…
Cannot withdraw they asked more money when asked them my profit
Bitcoinleedstrade