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ProfitiX

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Operating status: SCAM

Website: https://profitix.com/

Broker violations and abnormal records
  • 2019-11-14 The New Zealand regulator FMA added ProfitiX to its warning and alert list
    The Financial Markets Authority of New Zealand (NZ FMA) warned the public that this entity has been contacting New Zealand residents for investment activities without relevant license: https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/profitix-n-enigma/
    The Financial Markets Authority of New Zealand (NZ FMA) warned the public that this entity has been contacting New Zealand residents for investment activities without relevant license: https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/profitix-n-enigma/
  • 2021-09-01 BrokersView has reviewed that ProfitiX is an unregulated forex broker

    ProfitiX claims to be operated and owned by ProfitiX Ltd, an entity registered in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). However, we did not find any match results to ProfitiX in SVG FSA. Besides, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. 

    What's more, the New Zealand Financial Markets Authority (NZ FMA) has issued a warning that this broker is not authorized and regulated to offer financial services and products. So ProfitiX is currently not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

    ProfitiX claims to be operated and owned by ProfitiX Ltd, an entity registered in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). However, we did not find any match results to ProfitiX in SVG FSA. Besides, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. What's more, the New Zealand Financial Markets Authority (NZ FMA) has issued a warning that this broker is not authorized and regulated to offer financial services and products. So ProfitiX is currently not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Related Complaints

Q&A

How safe is my trading experience if I decided to use ProfitiX mobile app ?

Anna
Nicaragua
2022-06-01
ANSWER ProfitiX is not a licensed or regulated broker even though it states offers that look good to be true. ProfitiX claims to be registered in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 25308 BC 2019. However, we did not find any match results to ProfitiX in SVG FSA. Besides, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities. What's more, the New Zealand Financial Markets Authority (NZ FMA) has issued a warning that ProfitiX is not authorized and incorporated in New Zealand. You can check the full warning from NZ FMA against ProfitiX.The truth is, ProfitiX is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like ProfitiX and trade with licensed brokers.
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What about this broker's license?

Stifff
Puerto Rico
2023-05-15
ANSWER ProfitiX is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.We have confirmed that ProfitiX is falsely claiming to be operated by ProfitiX Ltd. registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) as we found no records matching this company in the SVG FSA registry. This is a red flag. Furthermore, the SVG FSA neither issues forex licenses nor regulate entities engaging in such activities. In addition, the Financial Markets Authority (FMA) of New Zealand has issued a warning against ProfitiX for offering financial services or products without proper authorization. You can access the full warning here.Regarding your question, ProfitiX is an unlicensed broker. Entrusting this broker with your funds or personal details could pose significant risks including loss of funds and identity theft as there are no legal protections to safeguard investors. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like ProfitiX and opt for fully regulated ones instead.
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