ProfitFXMarkets has one of the best-looking investment platforms; that’s just about it. There are no other positive aspects worth mentioning about the platform. Unfortunately, members have been losing funds thanks to unfair trading conditions. Profit FX Markets is seen by most as a deceitful investment platform. Regulators are currently investigating profitfxmarkets.com for harsh trading conditions. Please find out more in our exclusive PROFITFXMARKETS REVIEW.
The platform claims it’s renowned for offering the Best STP/ECN broker services. Although it seems the platform was founded in 2018, according to their about us page, ProfitFXMarkets fails to mention the founding members.
We see boastful comments such as the platform remaining highly successful in the trading world. It’s not the case, as members have been complaining of complete harassment. The platform uses call agents to act as account managers on a few occasions.
What we have is an attempt by the platform to try and trick funds from naïve investors. It would be best if you stayed away from the platform or risk becoming their next victim. The platform has no shame and will take your funds and block access to your account.
And this is why you need to sign up with innovative investment platforms with a proven track record. These platforms guarantee users a safe trading experience. Make sure to use innovative strategies such as coin staking, DeFi, and Masternoding.
Profit FX is only a platform meant to take your funds. There’s no actual investment on the platform since no one gets to withdraw. Instead, the platform toys with your mind and later blocks attempt to withdraw.
There are five available account types on Profit FX Markets. These include Starter, Expert, Pro, Prime, and AED Pro. Each of these accounts comes with different features. Similar features include stop-out levels of 70 percent and margin calls of 100 percent.
Here’s a closer look at each of the five accounts;
Starter
It’s the most basic account with investors having to deposit an unknown amount. The spread on this account starts from 2.5 pips. Leverage on the account is set at 1:200, with 300 being the maximum number of pending orders.
Expert
Spreads on the expert account start from 2 pips. It also has the same leverage as the starter account, with 0.01 being the minimum order volume. There’s also no mention of the allowed investment amount.
Pro
For pro account holders, the leverage is also the same, 1:200. It comes with spreads of 1 pip with no mention of any other conditions. The platform appears to be availing the same features on almost all accounts.
AED Pro
As the name suggests, this is the account for advanced traders. It’s the most exclusive account type on offer. The account comes with higher leverage of 1:500 and zero commissions. There’s nothing to write home about regarding the account.
We have to point out that the platform takes complete advantage of deposits made. And this is the reason there’s no quota on the acceptable deposit. So a member could deposit $4,000 and get the same features as one who deposits $100.
Investors should get their money’s worth when it comes to features. The industry has set $250 as the acceptable minimum deposit. Anyone asking for more, especially for beginners, is taking advantage.
The platform offers an affiliate partnership with investors. You get to earn passive income if you direct members to the platform. However, it doesn’t work as no one receives any commission or payment.
You will be held liable for losses made by the person you directed to the platform. It’s the dilemma marketers face when partnering with unknown platforms. The best option is to avoid their IB program.
There’s no way funds are safe with a platform that doesn’t offer insurance cover. The platform fails to deposit the required minimum funds with regulators. And this puts your investment at risk.
We suspect the platform is pooling funds and holding funds in one offshore bank account. So segregation of accounts is not happening as you would expect. And this is the reason why we have to shun the use of Profit FX Markets.
Information on who owns or runs the platform remains a mystery. All we have is a bogus London address that has been used in such platforms before. The address is home to an apartment building that’s under renovation.
With no names found, it makes Profit FX Markets an anonymous investment platform. In addition, we don’t have the names of staff members working for the platform. So members are depositing funds to an unknown person.
As an investor, I would like to know the person responsible for the funds. But, unfortunately, there’s no way of recovering funds when things go south. Hiring recovery agents won’t help as they don’t have the mandate to freeze these accounts.
When deciding which investment platform to use, it’s best to go with fast communication channels. We advocate utilizing a platform with live chat or direct access to staff members.
And this includes having a working phone number members can dial. With ProfitFXMarkets, it’s not the case. Instead, you get a bot for chat services which doesn’t help much with account issues. The contact page gives you a message board where you’re to leave a message.
The platform wants to control the communication channel. So you won’t get to contact them when you need to. But, on the other hand, it makes it easy for them to reach out to you. And this is why we believe the platform is a hoax.
Instead of availing a demo account with full trading platform capabilities, you get a buy or sell platform. That means you get to predict a stock sale of Apple, Facebook, or Google. That’s not a convenient demo.
You should test platforms that avail demo accounts that operate like a real trading platform. It will give you a better understanding of how the platform works. It would be best if you also got to know the strategies found on the demo account.
ProfitFXMarkets is not a licensed platform and does not have a permit from the FCA. With their business address in London, you expect the platform to have their license from the FCA. Unfortunately, it’s not the case, and this puts your funds at risk.
Joining such platforms will put your funds at risk. Make sure to confirm with regulators whether a platform is licensed or not. Find out from leading regulators such as ASIC, BaFIN, CFTC, CNMV, CONSOB, CySEC, and the FCA.
Other reliable regulators include FINMA FMA, NFA, SEC, and SFC. Regulators ensure all parties adhere to strict ethics. No party takes advantage of the other, ensuring s a friendly and safe investment environment.
There’s another positive feature, availing a world-class trading platform. We recommend using MT4, MT5, and SIRIX when trading. Members get three chart types and 21-time frames. You also get push notifications and a platform compatible with all devices.
You can fund your account using various payment methods listed on the platform. These include bank and wire transfers. We don’t recommend it as you won’t get to enjoy your profits. It seems withdrawing funds is not possible.
There’s no way we would recommend the platform, and it’s a complete waste of your time and funds.
Go for reliable investment platforms that guarantee safety when trading. Make sure to choose leading investment platforms for a chance to attain financial freedom.
If you have any questions, feel free to email us.
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