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PROFIT CINDA LIMITED
United Kingdom|2-5 years| https://www.profitfx.net/index.htm
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No valid regulatory information, please be aware of the risk!
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PROFIT CINDA LIMITED
PROFIT CINDA LIMITED
United Kingdom
Pyramid scheme complaint
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- 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.
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 40 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- The current information shows that this broker does not have a trading software. Please be aware!
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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.
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.
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