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Profit Markets

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Operating status: SCAM

Website: https://profitmarkets.org/

Broker violations and abnormal records
  • 2024-06-06 BrokersView has reviewed that Profit Markets is an unregulated broker

    Profit Markets purports to have a history dating back to 2007. However, the registration of its website in January 2023 contradicts this claim. This discrepancy between the website's age and the company's alleged history raises a red flag, casting doubt on the broker's credibility.

    Furthermore, the website fails to provide any regulatory information to substantiate its compliance with regulatory standards. Despite its claim of being based in the UK, there is no evidence to suggest that it has received authorization from the Financial Conduct Authority (FCA). This lack of transparency further undermines its credibility.

    In essence, Profit Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Profit Markets appears to be a scam.

    Profit Markets purports to have a history dating back to 2007. However, the registration of its website in January 2023 contradicts this claim. This discrepancy between the website's age and the company's alleged history raises a red flag, casting doubt on the broker's credibility.Furthermore, the website fails to provide any regulatory information to substantiate its compliance with regulatory standards. Despite its claim of being based in the UK, there is no evidence to suggest that it has received authorization from the Financial Conduct Authority (FCA). This lack of transparency further undermines its credibility.In essence, Profit Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Profit Markets appears to be a scam.

Related Complaints

Q&A Complaints

Is Profit Markets safe?

Dr. Yiannis Tofis Monroe-Coleman
Antarctica
2024-06-09
ANSWER No, Profit Markets is not a safe choice for investors, due to its unlicensed status.The company claims a history since 2007, but its website was only registered in 2023, raising credibility concerns. The site lacks regulatory information, and despite claiming a UK base, there's no proof of Financial Conduct Authority (FCA) authorization. This opacity further questions its trustworthiness.Consequently, Profit Markets, operating in an unregulated environment, presents additional risks to investors. To have a safer trading environment, it is highly recommended choosing fully regulated brokers over unregulated ones like Profit Markets.
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Is Profit Markets really a time-honored brand?

Mpho
Jordan
2024-07-05
ANSWER No, Profit Markets pretends to be an established brand, but it appears to have been founded in 2023. It is critical to note that the broker is not regulated.The absence of regulatory details on the website leaves its adherence to regulatory norms in question. Despite assertions of UK-based operations, there's no verifiable authorization from the Financial Conduct Authority (FCA), further eroding its trust factor.The signs indicate that Profit Markets might be a dubious entity. To have a safer trading environment and a peaceful mind, investors are strongly advised to steer clear of unregulated brokers like Profit Markets and instead choose fully regulated ones.
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