Profit Markets CFD Detailed Review
While Profit Markets CFD tries hard to convince us of its legitimacy, our experience gave us an insight into the other side of the story. Instead of seeing a regulated E.U. broker, we’ve spotted a fraudulent scheme. Read our Profit Markets CFD review to find out what’s wrong with this firm.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||No Info|
|Supported Platforms:||MT4, Web trader|
|Types of Assets:||FX, commodities, indices, stocks|
|Free Demo Account:||Available|
|Accepts US clients:||No|
What About Profit Markets CFD Regulation?
While Profit Markets CFD claims to be owned by FAIR CAPITAL PARTNERS ASSET MANAGEMENT B.V., the truth cannot be any further. This company does exist, and it is regulated by the Netherlands AMF. However, it has nothing to do with Profit Markets CFD brokerage. It operates under the domain faircapitalpartners.nl and runs its own business away from online forex scams.
Also, this particular company has its headquarters in Italy, while Profit Markets CFD gave us an address in Austria.
Now that we’ve determined that the owner and regulator are false, we can safely claim that your funds are not secure with such an illicit trading firm.
Fund Withdrawal Issues
Instead of keeping an image of a legit company until the end, the Profit Markets CFD broker did precisely what all the other similar companies do – failed to process withdrawal requests and actually give investors their money. Since the company is not really regulated, anyone involved in this notorious scheme has nowhere to complain as authority bodies won’t take responsibility for an illegal firm.
Therefore, the best you can do is file a dispute and request a chargeback. Bear in mind that this process can start within up to 540 days after a fraudulent transaction has occurred, so make sure not to let it pass.
Traders About Profit Markets CFD Scam
Based on different Profit Markets CFD reviews we’ve come across, traders complain about the withdrawal problems, as mentioned above. Moreover, they have had a negative experience with the company’s Web trader, and depending on the country, they’ve been asked for a different minimum deposit – some of them were asked for $250 while others paid the same amount in EUR.
And, of course, none of them could understand how the company is actually unregulated when they clearly listed AMF and CONSOB licenses on their website.
How Does Online Trading Scam Work
Online trading scams have become more and more frequent during the past couple of years. Using the fact of the market’s high volatility ever since cryptocurrencies showed up and the situation with Covid-19 when investing was the only source of income for some, fraudsters came up with new scamming techniques. It went even further. They started using false licenses and adding up false owners, as the case with Profit Markets CFD.
If something similar happens, note that you must file a complaint and get your funds back. There’s no reason to let scammers run away with your hard-earned money! Act now, before it’s too late!
Scammed by Profit Markets CFD? – Tell Us Your Story
Suppose you were involved with Profit Markets CFD, and you fell for the scam. You should file a complaint, request a chargeback instantly, and get back what’s rightfully yours.
But What Is A Chargeback?
This is a way for your bank to reverse the transaction. Let us know what happens via online chat, book your free consultation, and let’s find the best money-back solution!
What Is Profit Markets CFD?
It is an online trading brokerage without a license. So don’t fall for this scam broker!
Is Profit Markets CFD A Scam Broker?
Yes, company is unregulated despite the false claims on the website. Do not invest your money!
Is Profit Markets CFD Regulated?
Of course not, the company listed a fake owner and has no regulations for providing financial services.