Score

1.36 /10
Danger

PROFIT CINDA LIMITED

United Kingdom

Scam Brokers

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 60

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.81

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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

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Broker Information

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Company Name

PROFIT CINDA LIMITED

Company Abbreviation

PROFIT CINDA LIMITED

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2024-12-24
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Pyramid scheme complaint
Expose
    PROFIT CINDA LIMITED · Company summary
    Basic Information
    Registered Countries United Kingdom
    Regulation No License
    Company Name PROFIT CINDA LIMITED
    Minimum Deposit N/A
    Maximum Leverage 1:400
    Minimum Spread N/A
    Trading Platform MT4
    Trading Assets Forex, Commodities, Index, Rare Metals, as well as Cryptocurrency
    Payment Methods N/A
    Customer Support Email Phone, Online Chat Support

    General Information

    Allegedly registered in the United Kingdom, PROFIT CINDA LIMITED says it is an online investment platform providing as series of trading assets including Forex, commodities, Index, Rare Metals and Cryptocurrencies through the advanced MT4 trading platform. With PROFIT CINDA LIMITED, traders can use the maximum trading leverage up to 1:400.

    When it comes to regulation, PROFIT CINDA LIMITED has let us down, for it is not subject to any regulation, and thats why WikiFX has given it a very low score of 1.04/10. Please be aware of the risk involved, as trading with an unregulated broker is taking huge risk of losing your money.

    wikifx

    Market Instruments

    PROFIT CINDA LIMITED provides access to a total of five classes of trading instruments, covering forex, commodities, index, rare metals and cryptocurrencies.

    Account Types

    PROFIT CINDA LIMITED says nothing about its account setting, including minimum deposit requirement for each account, margin call level, stop out level, minimum and maximum trade volume, and more, so disappointing.

    Spreads & Commissions

    PROFIT CINDA LIMITED says clients can trade forex pairs with spreads from 0.0 pips, with the average spreads on EUR/USD pair starting at 0.1 pips.

    Leverage

    Maximum leverage for major forex is 1:30 in Europe and Australia, and 1:50 in the U.S. and Canada, while PROFIT CINDA LIMITED enables its clients to use leverage of up to 1:400. This is crazily higher than the proper amount considered appropriate by most regulators.

    Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size.

    Trading Platform

    PROFIT CINDA LIMITED provides access to the industry-leading MT4 trading platform, which is currently the most used forex trading software in the world. Only one account, you can use PC, Tablet, Smartphone, or browser directly.

    Customer Support

    Except for the FAQ section, PROFIT CINDA LIMITED does not provide any contact information to help clients who have any inquiry or trading related issues, which is very weird.

    Clients can only follow this broker on some social media platforms, such as Facebook, Twitter, Instagram and Pinterest.

    Risk Warning

    Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

    The information presented in this article is intended solely for reference purposes.

    Pros & Cons

    Pros Cons
    MT4 trading platform No regulation
    High leverage up to 1:400 Average selection of trading assets
    Wide selection of trading assets No clear information on minimum deposit, deposit or withdrawal
    Poor customer support
    Spreads not specified

    Frequently Asked Questions

    Is PROFIT CINDA LIMITED regulated?

    No, PROFIT CINDA LIMITED is not regulated.

    What is the maximum leverage provided by PROFIT CINDA LIMITED?

    The maximum trading leverage provided by PROFIT CINDA LIMITED is up to 1:400.

    What trading instruments does PROFIT CINDA LIMITEDprovide?

    PROFIT CINDA LIMITED offers access to Forex, Commodities, Index, Rare Metals, as well as Cryptocurrency.

    News

    ExposurePROFIT CINDA LIMITED denied a Vietnamese investor's withdrawal request.

    The reason why PROFIT CINDA LIMITED caught our eye is that a Vietnamese trader exposed PROFIT CINDA LIMITED to WikiFX. We wonder if this broker is reliable.

    WikiFX
    2023-01-12 17:32
    PROFIT CINDA LIMITED denied a Vietnamese investor's withdrawal request.

    User Reviews

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    User comment

    16

    Comments

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    phạm đình huy
    more than one year
    xin nói thêm: sàn ProFit cinda limited này có nhiều con mồi và nhóm mọi người nên chú ý; thực ra chỉ là 1 người thôi nha các bạn, nó tạo zalo hình ảnh giả và nhom giả ( gì sao tôi biết: sao khi sàn khóa TK tôi , tôi liên hệ không được trong đó 3 người cùng 1 lúc tắc mạng cùng ngày.
    xin nói thêm: sàn ProFit cinda limited này có nhiều con mồi và nhóm mọi người nên chú ý; thực ra chỉ là 1 người thôi nha các bạn, nó tạo zalo hình ảnh giả và nhom giả ( gì sao tôi biết: sao khi sàn khóa TK tôi , tôi liên hệ không được trong đó 3 người cùng 1 lúc tắc mạng cùng ngày.
    Translate to English
    2023-02-03 11:48
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    phạm đình huy
    more than one year
    sàn này có hành vi cố ý gây ra để lấy tiền khách hàng, mọi người nên chú ý nhiều chiêu trò
    sàn này có hành vi cố ý gây ra để lấy tiền khách hàng, mọi người nên chú ý nhiều chiêu trò
    Translate to English
    2023-02-03 11:41
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