On June 1, 2023, the Financial Conduct Authority (FCA) issued a warning against Tradeprofits, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/tradeprofits

Tradeprofits claims to be registered with the Companies House (CH) under company number 10973887. However, our search discovered that the company number in the CH register belongs to another company named Crypto Gain LTD which is dissolved. This is a red flag. Investors must bear in mind that the CH only serves as a registrar of companies in the UK and is not empowered to regulate financial markets. Mere registration with the CH doesn't mean the authorization to legally provide financial services or products. Almost all firms and individuals must be authorised by the Financial Conduct Authority (FCA) if they offer, promote or sell financial products or services in the UK. However, the FCA has clearly confirmed in a warning against Tradeprofits that this firm is not authorized to provide financial products or services.

In essence, Tradeprofits is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.