MyProfitLive Review 2025

MyProfitLive broker turned out to be the biggest disappointment in all my years of trading. It promised low commissions, super-fast execution, and almost instant profit withdrawal so beautifully. In reality, none of that was true. The EUR/USD spreads were usually around 3 pips but sometimes spiked to 10-12 pips. While there was high leverage, there was no negative balance protection, making it easy to lose more than initially invested. The MyProfitLive platform is invented for the sole purpose of draining your deposit. Orders were executed with significant delays, and slippage was a common thing. I never got to the withdrawal stage because there was no money left in my deposit.

MyProfitLive earns by deceiving traders. They persuade you to deposit funds and then wipe out the deposit by interfering with trades. I lost $300. Trading on MyProfitLive platforms was nerve-wracking. You never knew if you'd be able to close a potentially losing position in time. Sometimes, the platform would freeze for half a day, and then most of my trades were simply canceled. I submitted support tickets, and while they pretended to review them, the money for such technical glitches never returned. I looked for reviews from other MyProfitLive clients. The negative comments have finally convinced me that I have gotten involved with scammers.

When MyProfitLive support informed me that they didn't offer demo accounts, I was very surprised. The broker provides MT4 and MT5 platforms but without a demo account. Later, I understood why, as trading profitably with MyProfitLive was impossible. On the first day of trading, I lost almost $200. The broker wiped out the remaining $100 from my initial deposit on the second day. After that, they started calling me, urging me to deposit more money. They promised that if I upgraded to an advanced account, I could trade with lower commissions and much faster execution speed. I didn't believe them and realized I was being scammed for money. Trust me, MyProfitLive is run by fraudsters.

Scammers from MyProfitLive deliberately drained my deposit! I'm confident in my strategy, as I've been using it in trading for years. I was looking for a broker with normal spreads and accidentally stumbled upon the MyProfitLive website. The lack of a demo account initially surprised me. However since I'm familiar with the MT4 platform, I decided to start trading on a real account right away. However, I realized that I had given my money to scammers. They did whatever they wanted with my trades. The deposit melted away. Thankfully, I didn't deposit more funds, as I'm almost certain they wouldn't let me withdraw them.

In early 2023, I was a novice trader with some spare capital, which I decided to invest in speculative trading. I immediately deposited $1,000 into MyProfitLive to get better trading conditions. In the end, I was left with nothing, no profits, and no money. Almost immediately, I realized that the quality of MyProfitLive's services did not suit me. I was particularly shocked by the high spreads. I requested a withdrawal, but it went unconfirmed for over a week. The support asked for patience, citing technical issues initially, and later accusing me of violating trading rules. I went through a long process, but even after half a year, I didn't get my money back.

Every day, MyProfitLive's spreads increased, and the platforms worked worse. A month into trading, I decided it was not worth continuing and requested a withdrawal of $500. There were no profits, only the remaining deposit. MyProfitLive support cited this when canceling my withdrawal, claiming I needed to withdraw profits first before accessing the initially deposited funds. I asked multiple times to point out the contract clause mentioning this, but they ignored me. I understand the withdrawal refusal is fabricated, so I filed refund requests on several dedicated websites. However, I'm not very hopeful that it will be successful.

MyProfitLive attracted me with a good range of currency pairs, leverage up to 1:400, and assurances that spreads start from 0 pips. I doubted the last point, as they also claimed there were no additional trading commissions. This raised a logical question; how does the broker make money if not from spreads or commissions? Speaking of MyProfitLive, it simply takes traders' money. The lack of a demo account confirmed my suspicions. To learn the trading conditions, you had to deposit real money. Other traders' reviews convinced me that MyProfitLive should not be trusted.