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Profiton
Regulators:
Profiton is not licensed.
The broker purports to be trustworthy, yet it fails to provide any details regarding its regulatory status or contact information to substantiate such claims. This absence of crucial data could be a clear indication of a potential scam, given that regulated entities typically display their certifications and licenses prominently. This is a cause for concern.
Furthermore, Profiton has been flagged by the Federal Financial Supervisory Authority (BaFin) for offering financial and investment services on its website without the necessary authorization. The BaFin's warning is another red flag.
Therefore, we strongly suggest investors avoid Profiton to protect themselves from potential fraudulent activities. It is critical to conduct due diligence when selecting a broker. We recommend considering fully regulated brokers.
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