Read our Profits Trade review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a profitstrade.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Profits Trade is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Profits Trade in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
Profits Trade Review Conclusions
Making the Profits Trade review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Profits Trade review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
I think a fraud and fraud took place with me today – the platform is internal, meaning that every dollar I deposit in their account will not return – the profit is not allowed by manipulating the movement of the market up and down, that is, with us, if the global index rises, it stops me so that I do not make profits and any loss from me goes to their own account _ There are no withdrawals, they are deceiving me by that, and if I try to contact you do not answer my messages again, I have to file a lawsuit against them _ The warning from me on Forex brokers will be continuous so that those who trust everyone who gave my regards will not get involved. _ The name of the company and some of its employees
Ja som tiež ich klientom – síce nie veľa, ale 1500,- Euro je tiež peniaz. Som s nimi v kontakte, kde mi prisľubili vrátenie peňazí – čakám, ako to dopadne.
I am also their client – although not much, but 1500, – Euro is also money. I’m in contact with them, where they promised me a refund – I’m waiting to see how it turns out.
Prosím o pomoc jak řešit situaci mam učet na coinbase a slibovali mi bonus jednou tolik a ted potřebuji převest peníze zpět.Mužete mi poradit
I am also in the same position ,i cashed out my superanuation as i was laid off work due to covid ,i funded my account intially with $400 usd i was persuaded to put more money so that i can make more profits .So i use the last of my savings..
i have put in another $5600 Which is all i had my broker coinvenced me that in a couple of days i should take the profits which will exceeded my investment of $5900 .
Today my Fruad squad I Explain this to Celin Wilson but she didn’t want to listen she got very angry and abusive ..Not at all profesaccount is sitting on $10,900 ..
I have been trying to Contact Profits Trade and let them no i need to close my account as per request from the sional….How can Governments and companies like Google let this happen to people
My Computers been Hacked I have had my bank cleared of all my funds ..I have reported this to my broker and she wouldn’t let me withdrawl my own money… if anything she is rude offensive she knows my situation and she doesn’t care
I have put in a report about my experience with Profits Trade with the Police in there country I want stop till i get my money back…Next i will go to Acurent Affairs and i will Pay to have it televised so no other unfortunate persons suffer being Scammed …Now it really makes me wonder really hard
IS MY BROKER THE HAKER WHO STOLE FROM ME WHO HAS ALL MY DETAILS MY PASSPORT and even at one stage she set me up with any desk so that she can see how i traded
I didn’t realise that she could control my computer ‘from the other side of the World ..She was actually in my online banking,,When i asked her what she was dong she said she had to verify me…..????
I will give an update
Hello Andrew and what about my money?
they took my 4000€ … and wont get it back
I am also involved with this app lol Profitstrade.com auto crypto has 2401.81 £URos. 🇬🇧 uk. I AM Canadian started with 500.$ cad. 🇨🇦 After reviewing this site will withdraw all funds or at least try (Jaime Robbins) my broker and finance advisor (Simon Greene ) want another 5000.$ cad ,Fortunately I have been putting it off due to TD financial bank froze my account still haven’t found out why but this might have to do with it will keep you all posted on how a Canadian chick hopefully doesn’t get scammed by these guys !
WISH ME LUCK
Poštovanje.
Kao i nekoliko prijašnjih komentara i ja sam nasamaren. Velika razlika u prevari čak ni ne postoji ,sve završava kad pokušate povući bilo neki iskazani profit ili investiranu sumu.Tako sam i ja prošao od uloženih 800$ i prikazane dobiti od 0.19 BTC nema ništa.Profits Trade firma više se ne javlja.
Respect.
Like a few previous comments, I was fooled. There is no big difference in fraud, it all ends when you try to withdraw any reported profit or invested amount. So I also passed from the invested $ 800 and the shown profit of 0.19 BTC there is nothing. Profits Trade company no longer responds.
I got scammed today for $7000 Canadians money and I keep contacting them to get my money back and no answers please I need help
I was recently scammed by this company they are so good at what they do but they leave high and dry. Don’t trust them at all. Anyone who calls randomly are scammers. They took over £2000 from me saying they will retrieve my money from bitcoin. How stupid am I in believing they would do this. I have emailed and texted them a dozen time no answer. How can I get it back any help apricated
Hi everyone
All Situation are same .
First story form $ 250
I’m putting in AuS $ 360
Then they called me bal bal bal bal and then add more putting in AUS $1000 .
After 4 day I saw in my account with profits us $ 4556. The next day ask to broker would like to withdraw some Investment with profit they can’t let me withdraw reason for why they scam around the world .
So many scammers people and company why not take action?
I got the answer and experience all money are forever gone.
Let’s say pray to donation for there family we all get merit .
The agents of this organization are in Armenia, they are supplied by Envirotech Armenia LTD, these are fraudsters, they steal people’s money.
https://www.facebook.com/EnvirotechAM/
here you can find the people , who have spoken with you
The agents of this organization are in Cyprus, they are supplied by Evresis , these are fraudsters, they steal people’s money.
https://www.facebook.com/evresiscallcenter
here you can find the people , who have spoken with you
The agents of this organization are in Belguim , they are supplied by IPG group , these are fraudsters, they steal people’s money.
https://www.facebook.com/ipgcontact?fref=ts
here you can find the people , who have spoken with you
The agents of this orgThe agents of…
The agents of this orgThe agents of this organization are in Cyprus, they are supplied by Omnitouch Cyprus Ltd ,
these are fraudsters, they steal people’s money.anization are in…
The agents of this organization are in Cyprus, they are supplied by Omnitouch Cyprus Ltd,
these are fraudsters, they steal people’s money.
The agents of this organization are in Korea, they are supplied by Bridgetec, these are fraudsters, they steal people’s money.
http://www.bridgetec.co.kr/
here you can find the people , who have spoken with you
Ill sent this letter that scam and ill sure ill loos all my money,Hello dear gentlemen in Profits Trade. One month have passed since my account was made with you when I made the first payment (July 4) and on July 6 and the next payment on binance, I no longer had money to invest, financial advisor Hanna told me not to worry and that get my money back quickly and there will be a profit, after that neither a vote from her nor an email, two days ago I was finally contacted by Cellin K. and she asked that even the laptop be turned off and only the next day to turn it on and she would call or they’ll send me an email but that didn’t happen either. During this waiting period, I also had an attempt to hack by some John Scott who even knew my gmail and my phone number without ever hearing or calling him. You took my monthly salary, you didn’t give me anything, so you stole me. accaunt 4044509 let everyone know what you are !!!!
John Sundar
Profits trade is unlicensed scam company. The phoned to introduce themselves..Iniial deposit of 250 GBP.. IN 3 days it was shown as 2200 Gbp.. then the manager convinced me to invest in medical charity account for 1000 gbp. First they took control of me laptop br Anydesk app.. Evey time the phone they go to use Anydesk to look at my accounts and communications .. Bu I do not put any bank info on laptop.. second payment was 1050 pounds.. but agent said it was not received.. There was only 750 left in my bank account.. He said that 1050 will be returned to you in a day. ButvJust transfer 700 gbp.. Then I can receive a few hundred pounds every month..
I am an old man , retired and living on pension.. Next he said The money can not be returned to you unless you have liquidity in your account.. He said transfer 2500 pounds to the Chinese mans account in HSBC .. IN 15 minutes I can send all your money to your account.. I hesitated and refused for 3 days.. He said if you want your money back please provide liquidity.. Finally I transferred 2500 pounds. Then he became silent.. next day I asked him. He said that money was put in P2P account for trading by mistake..we can not use it for liquidity..please send another 2500 pounds so that I can release all funds 4600 pounds in my account. Then he got Binance company send me email that my balance is awailable for release to Profits trade company..They did not mention about liquidity..
Next day another Binance email to me that my funds are successfully refunded to Binance. That is 8600 poun.. Now that is in Profit Trade control..
They are not sending my money because it is in bitcoins and can not be sent to my bank..
I told him, you write a email statement of all my payments and trading and balance.. I will wait till you send money to my bank.. he said if that is your mentality, I can nor send you a single penny..
That is today’s reply..
Same situation as with other victims of this fictitious company. My sister have been willing to try investing in some bitcoin, but got caught on their hook. First of all, they offer a “safe play” with 500 euros. Then they do something with anydesk, but never explain why they do what they do. A few days later, all of my sister’s money (aprox. 8000 euros) was debited from her bank account for further investments, without my sister’s knowledge. She only found out a few days later when the bank informed her that someone on her behalf was trying to take out a loan. 2 times. A profitstrade broker, as he called himself, Benjamin Brown, assured it’s just a “technical error” and all her money with initial investments will be returned back. Later he said that he can’t send her money to her bank account and asked for my bank account. It got suspicious, but I was so eager to help my sister get her money back, so I didn’t realise I got caught too. I gave them my bank account, ID details, everything they asked. And turned out, they stole all my money (aprox. 700 euros) too. Then they asked for me to give 1000 euros to unstuck my previous money as a “liquidity test”. I refused. From that time, they didn’t answer to our emails for a 3 weeks. Client Support agent “Luna” is fictional too, and does nothing to help. Benjamin Brown dissapeared. Later they told that he was gone to other country to mourn the death of his relative. This is total bullshit. They always call with compiuter-generated numbers in UK or Belgium. A month ago, one of their agents from the “Financial Department” called us and said he is gonna help us to get our money back. But did nothing relevant, in addition, he asked us for 5000 euros. So we sent him far far away to hell. Now, as I loh in my profitstrade account, I saw they are trading our money to copper and corns without our notice. They are trying to waste our money so no one would ever know what they did to us. We reached for a law enforcement in our country, we will see how it goes. We are also thinking of making a chargeback operation. There must be something to shut down their fictitious profitstrade trading site or to track the locations of those computer-generated numbers.