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Caution Investors PROFITROP LIMITED Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
If you are looking for a reliable and trustworthy company to invest your money with, you might want to avoid PROFITROP LIMITED. This company has been the subject of multiple warnings and alerts from various regulators around the world, who have exposed its fraudulent and manipulative practices. In this blog post, we will review the evidence and the risks of dealing with PROFITROP LIMITED, and why you should steer clear of this unregulated company.
Regulation and Compliance:
One of the most important factors to consider when choosing a company to invest with is whether it is regulated and compliant with the laws and rules of the jurisdictions where it operates. Regulation and compliance ensure that the company follows ethical and professional standards, protects the interests and rights of its customers, and prevents money laundering, fraud, and other illegal activities.
PROFITROP LIMITED, however, is not regulated or compliant in any of the jurisdictions where it claims to offer its services. In fact, it is not even a registered company in the British Virgin Islands (BVI), where it falsely claims to be based. The BVI Financial Services Commission (FSC) issued a public statement on 11 Oct 2023, warning that PROFITROP LIMITED has never been licensed or regulated to carry on any type of financial services business in or from within the BVI. The FSC also revealed that PROFITROP LIMITED is using a registration number that belongs to another company, which is a clear sign of identity theft and deception.
But that’s not all. PROFITROP LIMITED has also been blacklisted by several other regulators in different countries, such as:
– The Ontario Securities Commission (OSC) in Canada, which issued a warning on 06 Jun 2023, stating that PROFITROP LIMITED is not registered in Ontario to engage in the business of trading securities or advising anyone with respect to investing in securities.
– The Swiss Financial Market Supervisory Authority (FINMA) in Switzerland, which added PROFITROP LIMITED to its warning list on 01 Jun 2023, indicating that it is not authorized by FINMA to provide financial services in Switzerland.
– The Alberta Securities Commission (ASC) in Canada, which included PROFITROP LIMITED in its Investment Caution List on 05 May 2023, advising investors to exercise caution when dealing with this company as it may be operating illegally or fraudulently.
– The British Columbia Securities Commission (BCSC) in Canada, which also placed PROFITROP LIMITED on its Investment Caution List on 05 May 2023, alerting investors that this company is not registered to trade or advise on securities or exchange contracts in British Columbia.
These regulators have all warned that PROFITROP LIMITED may be involved in fraudulent or manipulative practices, such as insider dealing, market manipulation, misrepresentation of material information, solicitation of funds without proper disclosure, and unauthorized use of personal or financial data.
Another way to assess the reputation and credibility of a company is to look at customer reviews and feedback. Unfortunately, PROFITROP LIMITED does not have any positive reviews or testimonials from its customers. On the contrary, it has received numerous complaints and negative reviews from people who have been scammed or cheated by this company.
Some of the common issues reported by the customers include:
– Not being able to withdraw their funds or access their accounts
– Being pressured or harassed by aggressive sales agents or account managers
– Being misled or lied to about the risks and returns of their investments
– Being charged with hidden fees or commissions
– Being offered unrealistic or guaranteed profits
– Being exposed to fake or manipulated trading platforms or signals
These customer reviews clearly show that PROFITROP LIMITED does not care about the satisfaction or well-being of its customers. Instead, it only cares about taking their money and leaving them with nothing.
Products and Services:
PROFITROP LIMITED claims to offer a variety of products and services related to online trading and investing. These include:
– Forex trading
– Cryptocurrency trading
– Stocks trading
– Commodities trading
– Indices trading
– Binary options trading
– CFDs trading
– Managed accounts
– Educational resources
– Trading signals
However, these products and services are not genuine or reliable. They are designed to lure unsuspecting customers into depositing money with PROFITROP LIMITED, without providing them with any real value or benefit. In fact, these products and services are likely to cause more harm than good, as they expose customers to high risks and losses.
For instance, forex trading is a highly volatile and complex market that requires extensive knowledge and experience. Cryptocurrency trading is also very risky and unpredictable, as it is subject to frequent price fluctuations and regulatory uncertainties. Stock trading, commodities trading, indices trading, binary options trading, and CFDs trading are all forms of derivatives trading that involve leverage and margin requirements. These can amplify both profits and losses, making them unsuitable for beginners or inexperienced traders. Managed accounts are also risky and untrustworthy, as they give PROFITROP LIMITED full control over the customers’ funds and trading decisions, without any transparency or accountability. Educational resources and trading signals are also dubious and unreliable, as they may contain inaccurate or outdated information, or be influenced by PROFITROP LIMITED’s own interests and agenda.
Therefore, the products and services offered by PROFITROP LIMITED are not worth investing in. They are likely to result in disappointment and frustration, or worse, financial ruin and legal trouble.
PROFITROP LIMITED claims to have its headquarters in the BVI, at the following address:
Geneva Place, Waterfront Drive
PO Box 3469
Road Town, Tortola
British Virgin Islands
However, as we have already established, this is a false and misleading claim. PROFITROP LIMITED is not a registered company in the BVI, and it does not have a physical presence or a valid license to operate there. The address it provides is also fake and fraudulent, as it belongs to another company that has nothing to do with PROFITROP LIMITED.
Moreover, PROFITROP LIMITED does not disclose any other location or contact details on its website or other platforms. It does not provide any phone number, email address, or social media account that customers can use to reach out to them. This makes it very difficult and suspicious for customers to communicate with PROFITROP LIMITED, or to verify its identity or legitimacy.
Customer service is another important aspect of any business, especially one that deals with money and investments. Customers expect to receive prompt, courteous, and professional assistance from the company they are dealing with, especially when they encounter any issues or problems.
However, PROFITROP LIMITED does not provide any customer service at all. It does not have any dedicated support team or department that customers can contact for help or guidance. It does not have any live chat, phone support, email support, or ticket system that customers can use to submit their queries or complaints. It does not have any FAQ section, help center, or knowledge base that customers can refer to for answers or solutions.
Instead, PROFITROP LIMITED ignores and avoids its customers once they deposit money with them. It does not respond to their calls, emails, messages, or requests. It does not address their concerns, questions, or feedback. It does not resolve their issues, disputes, or claims. It does not honor their withdrawal requests, refund requests, or cancellation requests.
In short, PROFITROP LIMITED does not care about its customers at all. It treats them with disrespect and indifference. It leaves them in the dark and in the lurch.
Is Your Money Safe in an Unregulated Company?
The answer is a resounding no. Your money is not safe in an unregulated company like PROFITROP LIMITED. In fact, it is very likely that you will lose your money if you invest with PROFITROP LIMITED.
Why? Because an unregulated company like PROFITROP LIMITED does not follow any rules or standards that protect your money or your rights as a customer. It does not keep your money in segregated accounts that are separate from its own funds. It does not use secure and encrypted payment methods that ensure your privacy and security. It does not adhere to any anti-money laundering (AML) or know-your-customer (KYC) policies that prevent fraud and identity theft. It does not have any insurance or compensation scheme that covers your losses in case of insolvency or bankruptcy.
Instead, an unregulated company like PROFITROP LIMITED can do whatever it wants with your money without any oversight or accountability. It can use your money for its own purposes or benefit. It can transfer your money to offshore accounts or shell companies that are hard to trace or recover. It can manipulate your trades or transactions to make you lose money. It can refuse to pay you back your money when you want to withdraw it. It can disappear with your money without a trace.
Therefore, investing with an unregulated company like PROFITROP LIMITED is extremely risky and dangerous. You are putting your money at the mercy of a company that has no regard for your interests or welfare. You are exposing yourself to financial losses and legal liabilities that you may never be able to recover from.
PROFITROP LIMITED is a scam company that you should avoid at all costs. It is not regulated or compliant in any of the jurisdictions where it claims to operate. It has been blacklisted by multiple regulators who have warned about its fraudulent and manipulative practices. It has received numerous complaints and negative reviews from customers who have been scammed or cheated by it. It does not offer any genuine or reliable products or services that are worth investing in. It does not have any real location or contact details that customers can use to verify its identity or legitimacy. It does not provide any customer service that customers can rely on for help or support.
In short, PROFITROP LIMITED is a company that has nothing but bad intentions and bad outcomes for its customers. It is a company that will take your money