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ProfitWave

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Operating status: SCAM

Website: https://profitwave.cc; https://profitwave.pro

Broker violations and abnormal records
  • 2024-11-13 The CySEC issued a Warning against ProfitWave

    On 14 November 2024, the Cyprus Securities and Exchange Commission (CySEC) issued a warning against ProfitWave, believing this company might be providing financial services or products without authorisation. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1931729d-39c3-4cc5-92bd-3bbac4e90eeb.

    On 14 November 2024, the Cyprus Securities and Exchange Commission (CySEC) issued a warning against ProfitWave, believing this company might be providing financial services or products without authorisation. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1931729d-39c3-4cc5-92bd-3bbac4e90eeb.
  • 2024-11-19 BrokersView has Reviewed that ProfitWave is an Unregulated Broker

    ProfitWave claims to be a CFD trading and investment platform located in Cyprus, offering a range of investment products to traders, including Forex, Stocks, Crypto, Metals, Index, Commodities, and more instruments for trading in global markets. But there is no detailed financial services licenses and other licensing certificates. A company that offers financial services must have financial license in the country where it is located.

    Upon investigation, we found that ProfitWave is not regulated by the Cyprus Securities and Exchange Commission (CySEC). And the CySEC added ProfitWave to its warning list for providing investment services without authorization.

    The truth is that ProfitWave is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.

    ProfitWave is a scam.

    ProfitWave claims to be a CFD trading and investment platform located in Cyprus, offering a range of investment products to traders, including Forex, Stocks, Crypto, Metals, Index, Commodities, and more instruments for trading in global markets. But there is no detailed financial services licenses and other licensing certificates. A company that offers financial services must have financial license in the country where it is located. Upon investigation, we found that ProfitWave is not regulated by the Cyprus Securities and Exchange Commission (CySEC). And the CySEC added ProfitWave to its warning list for providing investment services without authorization. The truth is that ProfitWave is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws. ProfitWave is a scam.

Related Complaints

Q&A Complaints

Is ProfitWave a scam?

Ashiq Wong
Dominica
2024-12-16
ANSWER Dear Investor, Thank you for your message. Our investigation suggests that ProfitWave is a scam. In contradictory to its attempts to establish a reliable image, the company behind ProfitWave is even anonymous. This anonymity is a major red flag, indicating the lack of transparency and making it hard to hold them accountable in the event of issues. We haven't found any valid records to suggest that ProfitWave is properly registered or licensed. In addition, the Cyprus Securities and Exchange Commission (CySEC) has included ProfitWave to its warning list to advise investors to stay clear. Therefore, we strongly suggest you avoid using ProfitWave. For a safer trading environment and peace of mind, it is recommended to do due diligence and opt for fully regulated brokers.
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I think I was scammed by ProfitWave :(

Omolola Shafiqah
Greece
2024-11-21
ANSWER Dear Investor,We understand the distress and frustration this issue has caused you. Unfortunately, ProfitWave is a scam that has been blacklisted by the Cyprus Securities and Exchange Commission (CySEC), the financial regulator in the country where the broker claims to be domiciled.We strongly suggest you immediately discontinue any engagement with ProfitWave to prevent further potential losses. Gather all the evidence you have and report it to your local authorities.We also encourage you to file a complaint on our platform at https://www.brokersview.com/complaint. Our dedicated team will meticulously handle your case and work diligently to find a possible solution.Finally, we'd like to alert you to recovery room scams, where unsolicited messages claim to help you with refunds for a fee. Their sole intention is to defraud you by capitalizing on your wish to recover your money.
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