PROFIT GROUP Review 2024

PROFIT GROUP Review 2024

Updated:
Updated: October 06, 2023

Attention!

This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:

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Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of PROFIT GROUP Trading Company

“Profit Group” broker has become a scammer. This company has ceased to fulfill its obligations to customers and partners, and has stopped making payouts.

Geographic Distribution of PROFIT GROUP Traders

Popularity in

62.9%
UA
Ukraine
32.1%
RU
Russian Federation
2.83%
KZ
Kazakhstan
2.8%
MD
Moldova
2.77%
BY
Belarus
2.5%
US
United States
2.3%
IN
India
2.28%
AZ
Azerbaijan
2.28%
TJ
Tajikistan
2.12%
GB
United Kingdom
7.12%
Others
Others

User Satisfaction i

6 comments
Total score:
3 /10

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Roberttalt
1 year ago

I no longer trust the managers of this company. It all started with the fact that, at the direction of the manager, I opened a losing trade. It's good that now I managed to close it with minimal losses, since I had the brains to do it, but what if someone else had been in my place? maybe he would have just closed the deal with a loss. Here are their tips!

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Justinsob
1 year ago

As soon as I started working with this broker, I immediately got into large debts, which now do not let me sleep. Traded on the advice of local "experts", as you know. People, this is a scam! Don't trust them!

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JosephAger
2 years ago

I love it when a broker honestly reports the size of swaps and names liquidity providers. For 5 years of trading on Forex, I have repeatedly come across companies whose support responded to report this kind of data. According to them, to find out the size of the commissions, I just have to download the trading terminal. There is nothing else for me to do! Just went to the websites of other brokers such as PROFIT GROUP. This intermediary, firstly, does not have strict requirements for the size of the minimum deposit - even with ECN you can trade after depositing $10. Trading terminal - MetaTrader 5, leverage - up to 1:100. There are no analysts, except for the economic calendar, but PROFIT GROUP offers good trading conditions.

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Poriv
2 years ago

I'm not sure if these crooks are still working. At least I haven't been able to reach their support for a week

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k1k2k3
3 years ago

It’s bad, to be honest that I broke through all the contacts to get at least some intelligible answer from them, but no reason. Nobody returned the money to me and did not even answer my messages. In short, profitgroup turned out to be a scam

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sadatmobile
3 years ago

I replenished my PROFIT GROUP account for $ 1,000 and after a while I found out that my account was blocked. I contacted the support, sent them a photo with a passport and a photo of the first page, while silence. No answer.

Trading Conditions for PROFIT GROUP Users

💻 Trading platform: MetaTrader 5, Windows, iOS, Android
📊 Accounts: ECN, Standard, Crypto
💰 Account currency: USD, EUR, RUB, BTC
💵 Replenishment / Withdrawal: Visa/MasterCard, Maestro, RBK Money, ADVCash
🚀 Minimum deposit: 10 USD
⚖️ Leverage: 1:100
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: Floating, Fixed
🔧 Instruments: Currency pairs, Stocks, Indices, Gold, Silver, Brent Crude oil, Crypto
💹 Margin Call / Stop Out: 60%/20%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: No
📋 Orders execution: Instant execution, Market execution
⭐ Trading features: No
🎁 Contests and bonuses: No

Contacts

Registration address Griffith Corporate Centre P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines
Official site
Contacts

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
PROFIT GROUP Review PROFIT GROUP Review

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FAQs

Why has PROFIT GROUP been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against PROFIT GROUP by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of PROFIT GROUP is down, not updated or operates with clear errors and some features are not available;
• PROFIT GROUP has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if PROFIT GROUP got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why PROFIT GROUP got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from PROFIT GROUP?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if PROFIT GROUP is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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