Profit Markets CFD Broker Review

Our experience allowed us to see the opposite side of the story, despite Profit Markets CFD’s best efforts to persuade us of its credibility. We have discovered a bogus scam rather than a registered E.U. broker. Discover what’s wrong with this company by reading our Profit Markets CFD review.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: No Info
Owned by: N/A
Headquarters Country: Austria
Foundation year: N/A
Supported Platforms: MT4, Web trader
Minimum Deposit: $250
Cryptocurrencies: No
Types of Assets: FX, commodities, indices, stocks
Maximum Leverage: 1:500
Free Demo Account: Available
Accepts US clients: No

Profit Markets CFD Regulation

The truth cannot be further from the assertion made by Profit Markets CFD that it is owned by FAIR CAPITAL PARTNERS ASSET MANAGEMENT B.V. This business actually exists, and the Netherlands AMF oversees it. But it has nothing to do with the CFD brokerage offered by Profit Markets. It maintains its own company free of internet currency scams and uses the site faircapitalpartners.nl to do business.

Additionally, while broker provided us with an address in Austria, this specific organization has its headquarters in Italy.

We can confidently assert that your funds are not secure with such an illegal trading organization now that we have established that the owner and regulator are fictitious.

Fund Withdrawal Issues

Profit Markets CFD broker did exactly what all the other similar firms do: failed to process withdrawal requests and really give investors their money. Instead of maintaining the appearance of a legitimate organization to the very end. Anyone participating in this infamous fraud has nowhere to turn because the corporation isn’t truly regulated, and authorities won’t accept responsibility for an unlawful business.

So, your best option is to raise a dispute and ask for a chargeback. Do not let this opportunity pass as it can begin as soon as 540 days after a fraudulent transaction has taken place.

Traders About Profit Markets CFD Scam

According to  reviews we’ve seen, traders have voiced their complaints regarding the aforementioned withdrawal issues. They also had a bad experience using the company’s online trader, and depending on the nation, they had to make a varied minimum deposit; some were forced to pay $250, while others paid the same amount in euros.

Naturally, none of them could comprehend how the business was genuinely uncontrolled given that their website prominently displayed AMF and CONSOB licenses.

Over the past few years, online trading frauds have increased in frequency. Fraudsters developed new scamming strategies by capitalizing on the market’s high volatility ever since cryptocurrencies emerged and the circumstances surrounding Covid-19, when investing was some people’s sole source of income. Even further was taken. They began piling up bogus owners and employing fictitious licenses, as was the case with Profit Markets CFD.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.