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Exposure: Investors Revealed Profitrise.Ltd is A Complete Scam
Fraudulent forex brokers are making various excuses to hinder traders from withdrawing their money. Among these, paying extra money before a withdrawal is the most common. Recently, BrokersView learned Profitrise.Ltd is using the excuse to conduct a withdrawal scam, leading to huge losses for investors.
Ask Clients to Pay More Money
A trader told that he was scammed by Profitrise.Ltd. He has invested some money with Profitrise.Ltd in crypto but got no payment. Then the company started to ask for more fees and taxes for the payment, but it always failed for some reasons. He paid over $65,000 but was still asked for more. The company told him that his account was frozen and he had to pay another huge amount to get his money back. Also, the firm recommended a Funds Recovery company(just a scam) to help his refund.
As you can see, these chat screenshots only shows how the company is giving fake promises all the time and is pushing for more and more money.
Investment Plans with Up to 100% Profits
Profitrise.Ltd offers investment plans with different profits. On its page, you can see 20% - 40% - 75% - 100% profit after 24/48 hours on each plan.
As for how to make the amazing returns, it mentions no details. If you think carefully, you will know it is just a fraud, targeting people who are not yet familiar with the specifics of trading, and are tending to make a quick money.
No Regulation
Profitrise.Ltd claims it is a UK-based forex broker, registering in the Companies House of the United Kingdom(company registration NO.111222333). we do find a match result to Profitrise.Ltd in the register of the Companies House.
However, the Companies House doesn't regulate any forex activities of UK companies, it is the Financial Conduct Authority (FCA) that supervises currency activities in the UK market. When we searched on the FCA registry, we found no registration results.
Based on the above information, we can conclude that Profitrise.Ltd is a scam.
Contact us at service@brokersview.com if you have any troubles with your broker.
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