On May 8, 2025, the Finansinspektionen (FI) issued a warning about Profit X for offering Swedish investors to trade with securities without required authorization. https://www.fi.se/en/our-registers/investor-alerts/investor-alerts/2025/maj/profit-x-profit-x.-investment/

Profit X deliberately conceals information about its legal structure and regulatory status, creating significant risks for investors. Its anonymity makes it easy for the firm to disappear, making accountability nearly impossible—a clear warning sign. No valid licensing information has been found to verify Profit X’s authorization or legitimacy. Following an investigation, the Finansinspektionen (FI) was unable to confirm that Profit X is a real company. In response, the Swedish financial authority issued a warning, alerting investors to this illegitimate entity. Ultimately, Profit X is not regulated by any financial authority. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard assets. Given these red flags, Profit X appears to be a scam.