On 13 October 2023, the Austrian Financial Market Authority (FMA) issued a waraning against ADVANCEDPROFIT, saying this provider was not authorized to carry out banking transactions in Austria. https://fi.ee/sites/default/files/2023-11/AdvancedProfit%20_%20Htrendline%20Ltd%20-%20FMA%20%C3%96sterreich.pdf

On 22 April 2024, the Comisión Nacional del Mercado de Valores (CNMV) added  ADVANCEDPROFIT to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=ADVANCEDPROFIT

ADVANCEDPROFIT purports to be operated by Htrendline Ltd, a company allegedly based in St. Lucia, and claims to have offices in various countries. However, the company fails to provide any regulatory information to substantiate its legitimacy within these countries and regions. It's important to note that forex trading activities are not licensed in St. Lucia, suggesting that ADVANCEDPROFIT may be operating without the necessary authorization.

Moreover, both the Austrian Financial Market Authority (FMA) and the Comisión Nacional del Mercado de Valores (CNMV) have included ADVANCEDPROFIT on their warning lists due to its unauthorized provision of financial services within their jurisdictions. These warnings provide strong evidence of the platform's fraudulent nature.

In essence, ADVANCEDPROFIT is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

ADVANCEDPROFIT appears to be a scam.

BrokersView found that the domain "https://advancedprofit.cc/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.