The Official Website Of Profit Markets Is Currently Not Accessible Properly. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-05-16 UK Regulator FCA Warns That Profit Markets Is A Clone Company
On 16 May 2022, The UK Regulator, The Financial Conduct Authority (FCA), Warned The Public That Profit Markets Was Providing Financial Services And Products Without Authorisation And Had Misappropriated The Details Of Companies That Were Truly Regulated By The FCA. This Made The Unauthorised Company Look As If It Was Regulated, Which Is One Of The Scams Often Used By Fake Traders. You Can Visit The Following Website For Details: Https://register.fca.org.uk/s/unauthorised-firm?id=0014G00002Zb5ExQAJ
2022-07-01 We Have Confirmed After Review That Profit Markets Is An Unregulated Forex Broker
Profit Markets Is A Thoroughly Fake Trader For Two Main Reasons. First, Profit Markets Claims To Be Authorised And Regulated By The UK Financial Conduct Authority (FCA) With Regulatory Number: 612830. We Also Did Find A Result Matching This Regulatory Number In The FCA. However, The Number Belongs To A Company Called "Hotel Magura Spol. S.R.O." And The Company Is No Longer Regulated By The FCA And Cannot Offer Any Regulated Activities And Products.
More Importantly, The UK FCA Has Issued A Warning That Profit Markets Is A Clone Company That Has Misappropriated The Details Of Companies Regulated By The FCA To Provide Services And Financial Products. In Fact, Profit Markets Is Not Regulated By Any Regulatory Authority. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Broker.
Since We Cannot Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That Profit Markets Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose Providing Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Profit Markets As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
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 When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
