When opening an account with any broker, the logical question is could this broker scam you. In order for you to be sure you are in the right place, we decided to check who ProfiStocks broker is. Read our in-depth review of this company and decide whether you should open an account with them or not.
| Regulated by: | none |
| Headquarters Country: | The UK |
| Foundation year: | 2020 |
| Supported Platforms: | Web trader |
| Minimum Deposit: | 1000 EUR |
| Types of Assets: | FX, commodities, indicies, stocks, crypto |
| Maximum Leverage: | 3:30 |
| Demo Account: | No |
Regulation and Security
ProfiStocks is an online trading company that claims to have an office in England, UK. However, we couldn’t find any company with this name in the FCA register. If you want to start a legit trading company in the UK, you need to get permission from your business from the UK regulatory body FCA.
In the register of companies, there is ProfiStocks Limited, a company that has an interesting nature of the business registered – Other business support service activities not elsewhere classified. This can definitely not be classified as a brokerage or investment firm. Also, the address that the company stated on the website was removed from the public register because it is inaccurate.
We couldn’t find the information about the funds also. Major red flag for ProfiStocks broker at the very beginning.
In which countries does this broker work?
The broker is operating mainly in the UK. Besides that, the reviews are showing that the broker operates in other parts of Europe, such as Spain, Italy, Belgium, Holland, Sweden, Norway. Besides Europe, the broker is operating in Singapore, Malaysia, Australia, etc.
Seems that there are no restricted areas, according to the ProfiStocks website.
Scammed by ProfiStocks? Chargeback Is Your Solution!
If, despite all the warnings, you got scammed by ProfiStocks broker, do not get desperate. You are not the only one, and there is a solution. And that solution is a chargeback. You need to file a dispute and ask for your money back.
But what is a chargeback? A chargeback is the refund of the card used to pay for a service or product you’ve never got. Basically, if you were a victim of an online scam, you can ask for your money back. Get in touch with us immediately for free consultations!
Is ProfiStocks a good broker?
ProfiStocks is a broker operating without a license and with very bad reviews by its users.
Is ProfiStocks a scam?
ProfiStocks is a scam broker operating with no license.
Is ProfiStocks regulated?
No, the broker has no regulation by any regulatory body.
Where is ProfiStocks broker based?
ProfiStocks is a broker registered under a fake address in England, UK. The address was removed from the register because it was inaccurate. So far, the company has only a PO box in Scotland in the official register.
