After Verification: ProfitWave Is Operated Through The Website Https://profitwave.cc/. The Broker Does Not Currently Have Any Effective Regulation.
According To An Internet Query:
ProfitWave Claims To Be A CFD Trading And Investment Platform Located In Cyprus, Providing Traders With A Range Of Investment Products Including Forex, Stocks, Cryptocurrencies, Metals, Indices, Commodities And Many More Instruments For Trading On Global Markets.
But Without A Detailed Financial Services License And Other Licenses. Companies Providing Financial Services Must Have A Financial License In Their Home Country.
After Investigation, We Found That ProfitWave Is Not Regulated By The Cyprus Securities And Exchange Commission (CySEC). And CySEC Has Added ProfitWave To Its Warning List For Providing Investment Services Without Authorization.
The Fact Is That ProfitWave Is Not Regulated By Any Regulator. It Is Not Safe To Let It Hold Or Control Investors' Funds, And The Money Is Not Protected By Any Law.
Comprehensive Judgment That ProfitWave Is A Scam.
And Most Non-compliant Brokers Will Not Disclose Providing Their Direct Real Contact Information, Such As Phone Numbers Or Company Addresses.
NOTE: ProfitWave As An Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Lack Of Regulation Increases The Risk Of Potential Financial Losses Due To The Lack Of A Regulator To Hold Companies To Account.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
