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

PROFIT CINDA LIMITED

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.profitfx.net/index.htm

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https://www.profitfx.net/index.htm
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

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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

Pyramid scheme complaint

Expose

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-04-25
  • 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

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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

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

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

    2023-01-12 17:32

    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
    Exposure
    PROFIT CINDA LIMITED denied a Vietnamese investor's withdrawal request.

    User Reviews

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    User comment

    16

    Comments

    Write a review

    phạm đình huy
    more than one year
    please add: this limited proFit cinda floor has many preys and groups everyone should pay attention to; Actually, it's only 1 person, it creates fake images and fake groups (how do I know: why when the floor locked my account, I couldn't contact 3 of them at the same time, the network was down on the same day.
    2023-02-03 11:48
    Reply
    0
    0
    phạm đình huy
    more than one year
    This floor has intentional behavior to take money from customers, everyone should pay attention to many tricks
    2023-02-03 11:41
    Reply
    0
    0
    nguyễn văn khá
    more than one year
    This broker has scammed me 58000$ please help me get my money back I know they have scammed a lot of people in Vietnam I hope the business will start soon
    +3
    2023-01-27 21:43
    Reply
    0
    1
    nguyễn văn khá
    more than one year
    offer me 58000$ for me and hope that the police will join this exchange that has scammed too many people
    2023-01-27 21:37
    Reply
    0
    1
    phạm đình huy
    more than one year
    this week, everyone is welcome
    2023-01-24 16:32
    Reply
    0
    1
    Qasir
    more than one year
    going
    2023-01-16 22:09
    Reply
    0
    1
    Qasir
    more than one year
    good
    2023-01-16 22:08
    Reply
    0
    1
    vunguyen
    more than one year
    Traders who have been scammed by this floor, please link back and send to the authorities to catch them. This is my zalo "Single"
    2023-01-14 11:39
    1
    0
    1
    Ni Ta
    more than one year
    Cambodia 😚💗
    2023-01-13 01:20
    Reply
    1
    1
    huy4752
    more than one year
    We need to combine and contact the police soon to get involved so that these guys don't cheat to take everyone's property and next time there will be many more victims like me.
    2023-01-12 18:20
    Reply
    0
    3
    Trình Phước Tâm
    more than one year
    Thank you for helping me pay off my debt, and find financial freedom
    2023-01-11 20:10
    Reply
    0
    0
    phạm đình huy
    more than one year
    abusing MT4 to fraudulently appropriate other people's property; I have a group and 1,1 tutoring to please customers and then appropriate property
    2023-01-11 11:31
    Reply
    0
    2
    huy4752
    more than one year
    ask for my money back. This is also a company where you can deposit but can't withdraw
    2023-01-11 00:05
    Reply
    0
    2
    nguyễn văn khá
    more than one year
    this is a 100% scam broker i was scammed by this floor 58000 usd first, it let me withdraw a little, then add a lot of capital it appropriated and didn't let me withdraw so i write this so people stay away from being scammed like me
    2023-01-10 21:07
    Reply
    0
    3
    好神奇~
    more than one year
    They have a broad range of pairs and assets including cryptos and indexes with competitive trading conditions, running on MT4 and it's also very easy to operate from the phone. Overall very impressive.
    2022-12-16 14:41
    Reply
    0
    2
    60
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