Profitrop.com is a scammer website. This broker is said to have its headquarters in the British Virgin Islands (BVI). But, we could not find it in the regulator’s database. The FCA, IIROC, ASIC, BaFin, and FINMA are Tier 1 regulators.
Their registrations include no information on this broker. Based on Profitrop’s past offers, it seems this dishonest group breaks rules from the European Securities and Markets Authority (ESMA). For that reason, if this website ever goes live again, please try your hardest to stay away from it. Avoid KonohaFX as well if you’re looking for a broker; it’s a trading fraud.
What is profitrop.com?
Profitrop.com is unavailable now. We kept gathering evidence to reveal this scam. There are numerous facts and arguments against them in the Review. The website may be down, but this fraudulent broker might reappear. Profitrop is a con artist who resembles FX Avatar.
It is a web-based platform. It is very simple, with basic charts and indicators. Mobile devices can also be used to access this platform. Traders claim this platform is manipulated. This has only made the situation worse. Profitrop does not support any legitimate third-party trading platform. These include MT4, MT5, or cTrader.
Profitrop.com Details:
Known website | Profitrop.com |
Foundation Year | 2022 |
Mobile trading | Available |
Minimum Deposit | N/A |
Deposit Bonus | N/A |
Crypto trading | Available |
Issued by | BCSC |
How to withdraw from this company? | For help contact our services |
Deposit and Withdrawals:
Considering Profitrop.com deposit and withdrawal procedures, the broker accepts the following payment methods:
- Credit/debit cards
- Wire transfers
- E-wallets
- Crypto
The processing time for both deposits and withdrawals is said to take two to five business days. It’s strange but irrelevant that there is no minimum deposit amount specified. Profitrop is a phony.
Account type
Because the con artist encourages traders to open a genuine account and make real money investments straight away, Profitrop did not provide a free demo account. They therefore create the opportunity to con unwary clients and embezzle all of their money. A victim went so far as to describe their method of operation. A free demo account is always included by reputable brokers.
Read our 100 top-regulated broker’s Reviews to make Safe investment decisions in legitimate companies.
Customer Complaints and negative reviews
Customer complaints about Profitrop.com have been multiple, and the broker has received a lot of bad press from traders.
FAQs:
Is Profitrop.com a Legit Broker and Should I Invest In It?
No. it is an unlicensed, anonymous fraud broker. Furthermore, the broker is no longer listed in Canada. Avoid making investments!
Does Profitrop.com Offer Account Demos?
It does not provide a free trial account. It’s a major warning sign!
Is There a Mobile Trading App for Profitrop.com?
No. Their platform is browser-based, hence it does not have a mobile app.
Is Profitrop a Reputable Trading Platform Provider?
No, Profitrop’s WebTrader lacks sophisticated trading capabilities and is inefficient. Furthermore, traders claimed that the platform was biased.
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