Our profit Trade experiences 2022

Profit Trade is an online broker where you can invest in Bitcoin. We took a closer look at the provider and during our research we came across forums and review sites on whichthe broker is described as unprofessional. According to our Profit Trade experience, fraud cannot be ruled out. For this reason, we can only advise you to use reputable brokers likeeToro.

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Is Profit Trade legit or a scam? Is the broker model just for manipulation? Many customers would like to find out. No general answers can be given to such a question, but here it is always about the individual case. We oncedealed with Profit Trade and put together our information in the following review.

Profit Trade experiences at a glance

There is some evidence that Profit Tradeis a rogue trader. The portal is operated by the Bulgarian company GPS Marketing, which is not regulated. This means that the broker does not have permission to offer investment services. This is one of the main reasons why you should avoid this broker. Because this is a first indication of a Profit Trade scam.

Die Meldung der BaFin zum Profit Trade Betrug.

There are some other indications that Profit Trades is a scam. A closer look at the website was enough for us in our Profit Trade test. It is interesting thatspelling mistakes crept in here and there which already leaves a bad impression. In addition, the page is designed rather simply and important information is missing.

Therefore we suspect Profit Trade fraud

TheNote from BaFin on Profit Trade| ||109 ist genug, um zu wissen, dass es sich um this provider is dealing with unauthorized business. On December 9, 2020, BaFin issued the decision ordering the immediate cessation of unauthorized financial portfolio management. According to its own account, the site is operated by Global Top Marketing Ltd., Marshall Islands, while the owner of the site is GPS Marketing Ltd., Bulgaria.

If you want to invest in Bitcoin or other financial products, then keep your hands off this broker – becausethis is probably a profit trade fake. The reason is that the trading decisions are made by the operator of the platform and without prior agreement of the respective account holders. The new users are particularly attracted by the bonus that is promised but never paid out. In addition, advisors are suddenly no longer available who first helped in a friendly and "competent" manner.

You can recognize thatProfit Trade Fraud:

  • Intrusive phone calls
  • Spelling mistake on website
  • Bonus promises not kept
  • Official ban by BaFin

Especially when it comes to registering an account, clerks and support staff are on hand with help and advice. Everything looks very inviting and friendly, which often results in large deposits being made. But as soon as there are further questions or problems, the contact persons can no longer be reached. At this point it becomes clear that it isa scam and the money is gone.

You can read about it again and again, like celebrities and stars make big investments and "unveil their big secrets". All of this is made up, but is published in such a way thatat first sight it is taken as genuine and reputable will. The pattern is always the same: As soon as the ad is clicked, the user is taken to the page where the celebrity has easily earned money. This is to convince people to invest - but a Profit Trade scam cannot be ruled out.

Profit Trade Test: What we know about this broker

According to the website, trading with Forex, indices, resources and cryptocurrencies offered. The provider presents itself as an individual trader. Thetrade itself should take place directly in four simple steps, with the promise of cash whenever it is needed. What we are missing is the imprint, information on fees and other information. After our Profit Trade test, we conclude that this is probably a scam, just like many other fake brokers such asBit Club,Usi Tech orCryptosoft. If you want to be on the safe side and not subject to fraud, then it is better to turn to reputable platforms and go thereBitcoin brokers on our blacklist Out of the way.

Think you've already been scammed? Here are our tips

If you have already fallen victim to a scam, it is important to get legal advice as soon as possible. The lawyers know what to do and with the right help it is possible to recover the lost money. It is also important that youstop further investments immediately. If you want to be on the safe side and know how things are with the broker you want to invest through, then a look at theBaFinpage is helpful.

Secure Alternatives to Profit Trade

There are not only scammers among crypto brokers, but a variety of reputable platforms. Not only do they offerhigh-quality customer support and bonus promotions for new customers, but you can also be sure that you will receive your money if you want to withdraw it.

Eachtrustworthy platform is licensed and is subject to the strict supervision of financial authorities in the European Union. A broker like Profit Trade will never operate with a valid license. Our best alternative for safe trading iseToro. This is a secure broker that has been active around the world for many years and has over 4 million customers worldwide. In addition, the company has multiple licenses and enjoys a good reputation in the financial world.

Profit Trade compared to eToro

Based on the points already described, it can be assumed that Profit Trade Scam is. The broker hasno licenses, there are spelling and grammatical errors on the website and the bonuses are not paid out. With eToro you enjoy the greatest security, thanks to modern SSL encryption, licensing and the supervision of the responsible financial authorities. One mistake and eToro could close its doors - so you can always feel safe here.

Profit Trade vs eToro Profit Trade eToro
Is the broker registered and has a European trading license? ✔️
Is the broker listed in the CONSOB register? ✔️
Is the company located in a country that is not on the black list of tax havens? ✔️
Does the provider point out investment risks? ✔️
Are the ads and testimonials real? ✔️
Have users made real profits with this broker? ✔️

Gefälschte Rezensionen, aggressive Werbung und übereifrige Kundenberater - these are signs that online brokers are not secure. You should never risk your money carelessly, because there is a high risk that you will lose it completely.

Introduction to the safe investment in Bitcoin

There are a variety of options that exist enable investing in bitcoin and other cryptocurrencies. But beginners in particular quickly fall for the big promises of the fake brokers. We can only recommend sticking to providers who are well known and have made an excellent name for themselves in the industry over the years, such aseToro. TheOnline broker offers a clear user interface, is state-regulated and offers Copy Trading.

Conclusion on Profit Trade

Our profit Trade experiences afterBaFin has been warning of the trading platform and some other brokers for some time. The supervisory authority states that investors are being approached by the dubious platforms and that there is an assumption that organized crime is involved. We can only advise against investing on the platform, as the success rate of the robot cannot be defined. In addition, a profit trade fraud cannot be ruled out, since risks in auto-trading are increased by ambiguities.

Roland Herrmann
eToro is a state-regulated Platform, with a clear user interface and copy trading - in addition, there are only 1.8% fees when buying Bitcoin.
4.5 / 5.0 rated byRoland Herrmann

Having made our own Profit Trade experiences, we can only recommend sticking to long-established trading platforms, such as our test winner eToro or Forex and CFD. Nobody there has to be afraid that they will ultimately not get their money back or thatinvestment decisions will be made without their consent.

Frequently asked questions and answers

We did a lot of research for our experience report and hope that we were able to explain everything about Profit Trade to you clearly. However, some questions remain unanswered. That's why we've compiled and answered themost important questions here.

Does Profit Trade really work?

Because of BaFin's advice and the mostly bad testimonials from customers, it cannot be assumed that the trading platform works. According to ourProfit Trade experiences, an investment with this broker makes little sense, since only a few users have been able to benefit from it so far. It is better to opt for a reputable trader like eToro.

Why is Profit Trade a scam?

There are many indications: The most important is the BaFin decision from the end of 2020, with which the platform should be closed immediately. Also the many spelling mistakes on the website and a lot more speak for aProfit Trade Fraud.

Are there safe alternatives?

Of course, there are trustworthy trading platforms that we can highly recommend to you. Here you can viewsafe alternatives to Profit Trade and choose the best online broker for you.

What should you consider when choosing a broker?| ||303

Bei der Auswahl eines seriösen Online Brokers gilt es einiges zu beachten. Wichtig sind die Lizenzierung sowie die Überwachung der Finanzbehörden. Am besten nutzt ihr für die Auswahl einen independent comparison to find the best broker for you.

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