Profit Market Review : Fees, Pros and Cons, Reviews by Real Traders

Profit Market

Operating status: SCAM

Website: https://profitmk.com/

Broker violations and abnormal records

Apr 21, 2022 The Italy CONSOB Added Profit Market into Its Warnings
On 20 April 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Profit Market is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-22-april-2022/718268

On 20 April 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Profit Market is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-22-april-2022/718268
May 15, 2022 The UK Regulator FCA Warned That Profit Market Is a Clone Firm
On 16 May 2022, the UK Regulator Financial Conduct Authority (FCA) warned the pubilc that Profit Markets is an unauthorised firm that uses the details of a genuine FCA-regulated firm when offering products and services. This makes the unauthorised firm appear as if it is regulated and is typically part of a scam. You may visit: https://register.fca.org.uk/s/unauthorised-firm?id=0014G00002Zb5ExQAJ

On 16 May 2022, the UK Regulator Financial Conduct Authority (FCA) warned the pubilc that Profit Markets is an unauthorised firm that uses the details of a genuine FCA-regulated firm when offering products and services. This makes the unauthorised firm appear as if it is regulated and is typically part of a scam. You may visit: https://register.fca.org.uk/s/unauthorised-firm?id=0014G00002Zb5ExQAJ
Jun 30, 2022 Brokersview has Reviewed that Profit Market is an Unregulated Forex Broker
Profit Market is a thorough scam for two main reasons. First, Profit Market claims to be authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with reference number: 612830. We do find a match result to the reference number. However, the number belongs to a company named "Hotel Magura Spol. S.R.O.", which is no longer regulated by FCA and can not provide any regulated activities and products.
What's more, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Profit Markets is not authorized to provide financial services in Italy. And the UK FCA issued a warning that Profit Market is a clone firm that uses the details of a genuine FCA-regulated firm when offering products and services. The truth is that Profit Markets 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.

Profit Market is a thorough scam for two main reasons. First, Profit Market claims to be authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with reference number: 612830. We do find a match result to the reference number. However, the number belongs to a company named "Hotel Magura Spol. S.R.O.", which is no longer regulated by FCA and can not provide any regulated activities and products.What's more, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Profit Markets is not authorized to provide financial services in Italy. And the UK FCA issued a warning that Profit Market is a clone firm that uses the details of a genuine FCA-regulated firm when offering products and services. The truth is that Profit Markets 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.
Aug 28, 2022 BrokersView has found that Profit Market is not working
On 29 Aug 2022, BrokersView found both domains "http://www.mkti-pro.com" and "https://profitmk.com/." are not working, as most probably they were suspended and it is always a bad sign when broker's website is suspended.

On 29 Aug 2022, BrokersView found both domains "http://www.mkti-pro.com" and "https://profitmk.com/." are not working, as most probably they were suspended and it is always a bad sign when broker's website is suspended.
Aug 28, 2022 BrokersView has Found that Profit Market is Using a New Domain
BrokersView has found that Profit Market is using the domain - https://profitmk.com/.

BrokersView has found that Profit Market is using the domain - https://profitmk.com/.

Reviews

Be the first to review.

Rate and Review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.