Score

1.40 /10
Danger

profitfx

Indonesia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.13

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

ProfitFx Market Incorporated

Company Abbreviation

profitfx

Platform registered country and region

Indonesia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
profitfx · Company summary

Note: profitfx's official website: https://www.profitfx.market/index.html is currently inaccessible normally.

Profitfx Information

Profitfx is an unregulated brokerage company registered in Indonesia engaged in stock, indexes, currencies, metals, oil, gas, and cryptocurrencies. The broker also provides various social media to follow, including Facebook, Twitter, Youtube, Instagram, and Telegram.

Profitfx Information
Profitfx Information

Is profitfx Legit?

Is profitfx Legit?

After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.

Downsides of profitfx

  • Unavailable Website

Traders cannot access profitfxs official website, which makes profitfx unreliable.

  • Lack of Transparency

Since profitfx does not explain more transaction information, especially in terms of fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

profitfx is not regulated by other institutions, which increases the possibility of fraud.

  • Risky Investment

According to a report on WikiFX, a user encountered huge losses because of the Forex fraud.

Negative profitfx Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users. Traders must review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative profitfx Reviews on WikiFX

As of now, there was only one piece of profitfx exposure in total.

Exposure. Risky Investment

ClassificationRisky Investment
Date2022-12-10
Post CountryHong Kong

The user said that there is no safety guarantee for heavy losses. Relevant information is as follows: https://www.wikifx.com/en/comments/detail/202212108002369754.html

Conclusion

Trading with profitfx will be exposed to the risk of property damage because of the inaccessible office website, incomprehensive information, and rugulated status. It is advisable to choose regulated brokers with transparent operationsto ensure the safety of your investments and compliance with legal standards.

User Reviews

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User comment

1

Comments

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Yangzee
more than one year
Unfortunately, my experience with ProfitFX has been nothing short of a disaster. Fell victim to a forex scam, and they vanished into thin air! Massive losses incurred. Attached screenshots for reference. Seeking assistance to recover my initial investment. Beware and stay away!
Unfortunately, my experience with ProfitFX has been nothing short of a disaster. Fell victim to a forex scam, and they vanished into thin air! Massive losses incurred. Attached screenshots for reference. Seeking assistance to recover my initial investment. Beware and stay away!
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2024-01-05 18:39
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