Profit Trade Review is Profit-trade.com a Scam or Reliable Broker

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Profit Trade Review

Broker : Profit Trade
Address : Trust Company Complex, Ajeltake Road,
Ajeltake Islands, Majuro, Marshall Islands
Phone : +44 2036959749
Email : [email protected]
Website : www.profit-trade.com

I am a victim of Profit Trade, what to do ?

Profit Trade scammed you more than $3000 ? File a Complaint and Get Your Free Professional Consultation.

If you are on this page it’s that you are probably a victim of Profit Trade. You can’t withdraw your money, you are asked for money to withdraw or their support doesn’t answer you? It’s normal because it’s a scam. If you haven’t found a solution with your bank, we will explain the procedure to recover your money.

What makes us think Profit Trade is a scam.

Profit Trade is a broker based in the Marshall Islands, a country where offshore brokers are known. He doesn’t have regular licenses, so it’s forbidden to offer trading in Europe. Unfortunately he still offers trading and has already made many victims who cann’t witdraw their money.

He received a warning from the Austrian financial authorities (FMA) because he has already made many victims in Austria who have reported this broker. Receiving a warning from a European country gives us confirmation that Profit Trade is a scam.

How to get my money back ?

You only have to register for free on MyChargeBack which is a company that fights against online scammers. After analyzing your registration, you will have a proposal by MyChargeBack. If you accept the proposal, your procedure to get your money back will start. It’s currently the only company offering a money recovery service with over 90% success. Many people don’t know that a recovery company exists but now you know that there is one that can help you.

We advise you before any investment in trading to take your time to choose a broker. Always look at several reviews on the same broker to be sure because brokers pay for fake reviews. Take the time to choose and never trust before doing research. Trading has always been a world with scammers and it will continue to be so unfortunately.

Feel free to leave a comment.

If you have a bad experience with this broker, leave a comment to help others avoid being scammed. We receive threats from many fraudulent brokers but nothing will stop us to help you.

Profit Trade Review – 5 things you should know about Profit-trade.com

Beware! This is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Profit Trade is CFD forex brokerage based in Bulgaria. On it’s website we read that the minimum deposit for the most basic account comes at $250 and that the brokerage provides it’s own web-based trading platform. Furthermore, the leverage extended to traders is generous and goes up to 1:200. Such high leverage will soon be rare in the forex trading world due to newly-put regulations by the European Union.

Profit Trade regulation & safety of funds

The brokerage is owned and operated by the company GPS Marketing Ltd with a registered address at 28 Dzavaharlal Neru Str., Sofia Municipality. Even though the government of Bulgaria includes forex trading within its regulatory framework, there is not mention on the broker’s website of any regulatory oversight whatsoever. As such – clients of the brokerage may be open to a number of risks while trading.

Prestigious financial regulators such as the FCA or NFA force a broker to comply with a number of strict rules that lower the possibility of fraud and give assurance for the safety of the clients funds.

One such rule is the segregation of accounts which forces the brokerage to handle the finances of the clients separately from their own and greatly lowers the risk of commingling. Another is the participation in a compensatory scheme by which the client’s losses will be covered in the unlikely case the broker goes bankrupt or attempts to scam traders.

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Profit Trade deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw via a wide range of payment options – Credit/Debit card, Bank Wire Transfer, Neteller, Visa, Maestro, Mastercard, Skrill, WebMoney. On the website we find troubling withdrawal conditions. There is a minimum withdrawal amount of $250 for withdrawals via Credit/debit cards, and a $1500 minimum amount for withdrawals via wire transfer. There is also a dormant fee of 10 per cent for all accounts that have been inactive for more than two months.

How does the scam work?

Information is a pretty solid criteria for judging a brokers legitimacy. Scammers are hesitant to share much of their information, because precisely there inconsistencies and irregularities may appear which expose the whole set-up. A valuable piece of information is precisely how a scam would go about. Here is a description of the typical three steps:

A click-bait ad about fast money will take you to a website like ZemuSoft or BlackcoinTrends where registration will require you to give your address, email and phone number. After sharing your personal information, brokers will begin calling you, telling you to invest with them and reap huge profits. After a few minutes on the phone with them, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

The scam, however, continues and what follows is called the “retention”. Senior scammers will now begin addressing you on the phone and explaining all the advantages in further investing with them. After you decide to go for it, you may even win on a few trades and go up by, say, a couple thousand. Naturally, you will begin wanting to close the account and take away your profits.

Unfortunately, closing the account won’t turn out to be a walk in the park. The “recovery department” will take you and yet another representative will have some other trading opportunities to share with you. His game is pretty simple – he has to mislead you into waiting six months or more so that you may not file a chargeback with your bank and get your money back. That possibility forever closes when six months pass after the initial deposit with the broker.

What to do if scammed?

Unfortunately, much of the forex trading world is overshadowed by the huge numbers of scammers. All a trader may do is be well-informed and, in case he is the subject of a fraud – stay calm and not panic! The chance for panic is greatly reduced if such a situation does not take you by surprise. Here are the available options for scammed traders:

You may contact your bank or credit card provider and file a chargeback, but only within six months of the initial deposit, as was noted above.

If however you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should change it asap!

So-called “recovery agencies” should not be trusted! Such agencies target scammed and vulnerable traders in an attempt to further swindle them into giving away their money. They will require from you an “up-front payment” in order to get your money back, but no such thing will happen!

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9 Comments

Do not take any Bonus offer from your broker or your manager, do not allow your broker manager trade on your behalf. That is how they manipulate traders funds. If you need assistance with retrieving your lost fund from your broker or Your account has been manipulated by your broker manager or maybe you are having challenges with withdrawals due to your account been manipulated.

Please Help Profit Trade scammed me today.

I raise a complaint to my local country and US, UK & Austria country by email first.

I want to share my experience in online trading with some fake company. Please read below and share in your news. You may contact me for more details.

We found one ads on google for profit-trade.com company. We thought that the company is genuine, so we show interest to invest in it. Later they start calling several times, initially, we invested $250, then they start calling to increase investment giving a reason of unable to do big trades and gave us promise of a big profit. Later invested more $6400. They start trading on “profit-trade.com” platform, this platform is fake, not actual trading. After showing some profit in my account since last 3 months, we request them to withdraw some amount and then they do some trick and make my balance zero. And said that this one did due to I opened the account with auto-trade system, which I have not done. Also, they never said about this problem in 3 months of trading time. I complain to profit-trade and Manager, who looking after my trades (Mr. Dan Bauer), but no one reply to me by email. They called me from no:+43-720775802/8030. Now, they said that your account has zero balance, can’t do any trade. So, basically my money is gone and they run away.

I request you to please stop or banned such online companies. It may help many people by avoiding investment in such companies.

with regards.
S.Sure

Hi, also i am scammed, no withdraw funds , no refund. Just rob.
I wander somebody can do something with those guys.criminals as Jennyfer Green, Derek Harris, Jason Jordan.

i appered to have been scammed

THEY TOLD ME TO PAY THE TAXES TO TRANFER ME AND NOW THEY DO NOT ANSWER ME … I SHOULD FEEL ME SCAMED ALLEGEDLY I HAVE
Receipt of the investment
Thank you for choosing Profit-Trade to cover your needs to carry out operations
Transaction PSPD5F0CAA79CF62

Dear Beatriz Rodriguez,

Thanks for your investment. Below you will find the details of your transaction:

Date: 02/13/2020
Card type: praxis
Card number: xxxx-xxxx-xxxx-4156
Expiration date of the card: 9/2020
Name of cardholder: BEATRIZ RODRIGUEZ
Email of the cardholder: [email protected]
Address of the card holder: fourth street los Algarrobos,
Panama, Panama
Amount: USD1,258.00

If you have trouble viewing the details of your balance and your account, please contact Profit-Trade Customer Support at, [email protected] You are welcome to access our excellent online support available to you via https://profit-trade.com/.

Please note that for security reasons, we recommend that you update your password from the original password you received during your registration. If you have not already done so, please go to profit-trade.com, click on your name at the top of the screen and update your password.

Sincerely,
[email protected]
profit-trade.com
Local Phone: +44 2036959749
International: +44 2036959749
Fax: +44 2036959749

Thank you for choosing Profit-Trade. As a valued customer, you are the foundation of our business.

LN GP IN TW FB
Hight Risk Warning: Trading Foregin Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you can not afford to lose. You should be aware of all the risks associated with trading on margin.
The information on this site is not addressed to residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Copyright © 2020 – 2020
ProfitTrade – All rights reserved

Global Top Marketing LTD,
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960

ME DIJERON QUE PAGARA LOS IMPUESTO PARA TRANFERIRME Y AHORA NO ME CONTESTAN…DEBERA ME SIENTO ESTAFADA SUPUESTAMENTE TENGO
Recibo de la inversión
Gracias por elegir Profit-Trade para cubrir sus necesidades para la realización de operaciones
Transacción PSPD5F0CAA79CF62

Estimado(a) Beatriz Rodriguez,

Gracias por su inversión. Abajo encontrará los detalles de su transacción:

Fecha: 13.02.2020
Tipo de tarjeta: praxis
Número de tarjeta: xxxx-xxxx-xxxx-4156
Fecha de vencimiento de la tarjeta: 9/2020
Nombre del titular de la tarjeta: BEATRIZ RODRIGUEZ
Correo electrónico del titular de la tarjeta: [email protected]
Domicilio del titular de la tarjeta: calle cuarta los Algarrobos,
Panama, Panama
Monto: USD1,258.00

Si tiene problemas para ver los detalles de su saldo y de su cuenta, sírvase contactarse con el Soporte al cliente de Profit-Trade at, [email protected] Está gustosamente invitado a ingresar a nuestro excelente soporte en línea disponible para usted vía https://profit-trade.com/.

Sírvase notar que por razones de seguridad, le recomendamos que actualice su contraseña a partir de la contraseña original que recibió durante su registro. Si aún no lo ha hecho, por favor, vaya a profit-trade.com, haga clic sobre su nombre en el extremo superior de la pantalla y actualice la contraseña.

Atentamente,
[email protected]
profit-trade.com
Local Phone: +44 2036959749
International: +44 2036959749
Fax: +44 2036959749

Gracias por elegir Profit-Trade. Como un valioso cliente, usted es la base de nuestro negocio.

LN GP IN TW FB
Hight Risk Warning: Trading Foregin Exchange (Forex) and Contracts For Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.
The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Copyright © 2020 – 2020
ProfitTrade – All rights reserved

Global Top Marketing LTD,
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960

I’ve been scammed by Dan Bauer as well. The question is how to go about getting him stopped and his trading license taken away – he did exactly the same to me as the person above, took my money by some fake system of margin calls and then just took my money. I want to stop them and make it public that profit trade are a scam operation and take legal action, anyone help me with how to do this?

Profit Trade Reviews

33 • Poor

Write a review

Write a review

Reviews 33

All thanks to Mrs Betty who help me to…

All thanks to Mrs Betty who help me to recover all my lost funds and profits back from my scam broker click on my profile to get her email address or WhatsApp number she honest..

the fastest and easiest way for you now…

the fastest and easiest way for you now to get your funds is to visit them under my title because they helped me to get mine

john .gleason (at) premium recoveryinc . com

Get your money back from this fraud of a company. I was able to get my investments back. check email up to contact funds recovery expert for help.

I made few decisions to exit when the…

I made few decisions to exit when the investment went up but the account manager kept pressuring me to buy other commodities, despite my numerous objections, the tradings were carried out. the account manager again pressured me to deposit more funds but luckily I did not follow. I was able to recover my funds with the help of Charles and his team, check my bio for his contact details

These guys are scums

These guys are scums, don’t be fooled with their discounts it’s just another way to lure you into loosing your money, if you’re having issues accessing your funds you can reach me on jtfurness44at gmail,com would be glad to assist.

Don’t lose hope if you ever lost money…

Don’t lose hope if you ever lost money to this broker. You can still get your funds recovered. Contact myfundsrecovery(at)y ahoo,com to get all your money back.

john . gleason @ premium recoveryinc . com

Get your money back from this fraud of a company. I was able to get my investments back. check email up to contact funds recovery expert for help.

It is good for beginners

It is good for beginners, if you are new to this. But if you have any idea what you are doing, then avoid this company. You will not be happy with the service.

Hi I just want to thank Adam and John…

Hi I just want to thank Adam and John for what they have done for me so far. Just got some profit transferred into my bank account. Thanks Adam for working with me and looking after my account. I very happy I joined Any1Profit.

My friends be careful all scammers in…

My friends be careful all scammers in this field don’t destroy your life

Absolute scum bags

Absolute scum bags! I too invested the minimum £250, then was ‘persuaded’ by my so called ‘friendly personal account manager – Frank Bernard’ – that I should invest up to the next level to make it much more effective. Stupidly I put in another £1750 and was then advised to make a ‘test’ withdrawal of £100 to prove that I could ‘easily’ and ‘quickly’ withdraw funds when I needed them.
Well what a surprise- they were the only funds I could withdraw. I decided back in November that I really wasn’t comfortable with the whole thing- shame I didn’t listen to my own misgivings when I first started – and I said I wanted to close my account and get some or all of my £2500 back.
At that point my ‘personal account manager’ disappeared off the face of the earth, and when eventually good old ‘Nick Carter’ finally responded to me he said that Frank Bernard has been in a car accident and was off work!! What a load of Rubbish. Nick Carter said he’d sort everything out but needed a couple of weeks – that was on the 4/11/19, and that was a lie too.

My account is now showing as closed with zero funds, and despite over 30 emails and numerous phone calls since the 6/11/19, each time with a ‘standard’ response of it’s being looked into, I have heard nothing and got nothing. So, although I appreciate that my losses are a lot less than some people’s on here, I nevertheless feel gutted that I was scammed in this way.

Do NOT fall for the Profit-Trade con whatever you do ��

THESE PEOPLE ARE PURE SCUM FROM THE…

THESE PEOPLE ARE PURE SCUM FROM THE SWAMP. HOW CAN THIS BE ALLOWED TO HAPPEN. THEY ARE FILTH. THEY ARE JUST ONLINE THIEVES AND THEY ARE ALLOWED TO CONTINUE THEIR THEFT.
DOES ANYONE KNOW WHERE TO TAKE COMPLAINTS ABOUT THESE FILTHY PEOPLE. IT IS DAYLIGHT ROBBERY. THEY SHOULD BE TAKEN OUT OF BUSINESS TODAY. THIS SIS SHOCKING.
DO NOT GIVE THEM A PENNY. THEY WILL ROB YOU.
I AM WRITING TO MY MP AND TO THE BANKS TO LET THEM KNOW THEIR CUSTOMERS ARE BEING ROBBED BLIND BY THESE SCUMBAGS.
COME ON WE NEED TO SHUT THEM DOWN

Worst experience ever as a beginner and…

Worst experience ever as a beginner and please don’t ever if you are.
I got a very charming broker when he asked me to invest Moore money. And his working hours at that time where 24/7
But when it came to helping me trade it took the most 1/2 hr maybe less. The broker gets “transfer “ after i refuser to invest more money 3 rd time round in a pace of 1 week. Another broker takes iver
And presents himself with a CV thats holy
Then art thou . After they have roped
Me of 8 thousand USD then he had now s skin over his face to ask me to invest again and further more advising me to borrow money from loan shacks with a percentage of 15,5% so just to cut a long short my dear innocent people out there
Please don’t even dear to deal with this
Company unless you have money to splash around with .

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