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Profit Monster
Operating status: SCAM
Broker violations and abnormal records
On Oct 20, 2025, the Australian Securities & Investments Commission (ASIC) issued a warning against Profit Monster, believing this company might be providing financial services or products without proper authorization. https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!profit-monster-profitsmonsters-com--3565
On Oct 20, 2025, the Australian Securities & Investments Commission (ASIC) issued a warning against Profit Monster, believing this company might be providing financial services or products without proper authorization. https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!profit-monster-profitsmonsters-com--3565According to its website, it claims to be registered with multiple regulatory bodies. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Gibraltar Financial Services Commission (GFSC). In addition, neither the Financial Crimes Enforcement Network (FINCEN) nor the Financial Industry Regulatory Authority (FINRA), which it mentions, has the authority to regulate foreign exchange. More notably, the Australian Securities & Investments Commission (ASIC) issued a warning against Profit Monster, believing this company might be providing financial services or products without proper authorization.
In fact, Profit Monster is not regulated by any authority. Therefore, Profit Monster is a scam.
According to its website, it claims to be registered with multiple regulatory bodies. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Gibraltar Financial Services Commission (GFSC). In addition, neither the Financial Crimes Enforcement Network (FINCEN) nor the Financial Industry Regulatory Authority (FINRA), which it mentions, has the authority to regulate foreign exchange. More notably, the Australian Securities & Investments Commission (ASIC) issued a warning against Profit Monster, believing this company might be providing financial services or products without proper authorization. In fact, Profit Monster is not regulated by any authority. Therefore, Profit Monster is a scam.
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