ProfitiX regulation.
A broker must pay for regulated licenses to be able to offer trading. ProfitiX doesn’t pay for licenses but it does offer trading which is prohibited by law.
Who is the owner of this broker ?
LBLV Ltd is the owner. We know that it is based in seychelles but we did not find more information because the address provided is a false address.
Deposit and withdraw.
The basic account requires $5000 minimum to start trading. We have never seen this at an official broker, it’s certainly the only broker who offers such a price. To be able to withdraw your money, you will have problems, many people have never been able to recover their money, the support doesn’t answer their email.
Regulated or not regulated ?
He has no official license. He makes believe that he has a license from the FSA which is the former UK regulation dissolved in 2013 to create the FCA. LBLV can’t offer trading in the world, but it does so in countries such as Spain, Portugal and Brazil.Your money isn’t safe with Profitix.
To be able to offer trading, you must buy a regulatory license from a country where you want to settle. If you offer trading without licenses, you don’t respect the laws and become a fraudulent broker. Brokers who don’t have regulated licenses like ProfitiX will not give you your money back because they are outlaws.
Based in a country with weak regulations
ProfitiX is based in a country where the regulations are weak regarding trading. Countries like the Marshall Islands,Vanuatu, Seychelles, Saint Vincent and the Grenadines, Bermuda and Bulgaria are deemed to be the location of fraudulent brokers because the legislation is weak or nonexistent.
Never trust the broker.
It’s essential to always check the licenses of a broker because fraudulent brokers lie to make you deposit the maximum amount of money. If you unfortunately deposit your money and are asked to pay a fee to withdraw your money, don’t do it because you will give them even more money.
Get a chargeback now.
We put you in touch with the best money recovery company that has existed since 2016, MyChargeBack. We have received positive feedback from them and their experts are very professional. You just need to complete the form below (if you have lost more than $5000, use our Chatbot directly). The consultation is free and doesn’t commit you to anything.
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