PROFIT CINDA LIMITED claims to be a regulated firm while presenting neither details about its company information (emails, office address) nor regulations. Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

Besides, PROFIT CINDA LIMITED claims it has global offices in the United Kingdom, the United States, Russia, China, Mexico, Italy, and Australia. So we did searching in several authorities in the above countries, including:

1) The UK Financial Conduct Authority (FCA);

2) The US National Futures Association (NFA);

3) The Australian Securities & Investments Commission (ASIC);

4) The Commissione Nazionale per le Società e la Borsa (CONSOB);

5) The Central Bank of the Russian Federation (CBRF);

6) The Hong Kong Securities And Futures Commission (HK SFC).

However, we did not find any match results to PROFIT CINDA LIMITED in the above watchdogs' registries. That means PROFIT CINDA LIMITED is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

On June 26, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added PROFIT CINDA LIMITED to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1