PROFITS OPTIONS is a broker website suspected of fraud, with its domain name, profits-options.com, registered on June 13, 2024. The site claims to offer investors CFD trading services in various markets, including forex, indices, stocks, and cryptocurrencies.
Company Background and Regulatory Status
According to the publicly available information on profits-options.com, PROFITS OPTIONS is authorized and regulated in multiple jurisdictions.
PROFITS OPTIONS (SC) Ltd. is a securities dealer registered in Seychelles with registration number 8423606-1, regulated by the Seychelles Financial Services Authority (FSA), license number SD025.
PROFITS OPTIONS B.V. is a securities intermediary registered in Curacao with registration number 148698(0), regulated by the Central Bank of Curacao and Sint Maarten (CBCS), license number 0003LSI.
PROFITS OPTIONS (VG) Ltd. is authorized by the British Virgin Islands Financial Services Commission (FSC), registration number 2032226, investment business license number SIBA/L/20/1133.
PROFITS OPTIONS ZA (PTY) Ltd. is authorized by the South African Financial Sector Conduct Authority (FSCA) as a financial service provider (FSP), registration number 2020/234138/07, FSP number 51024.
Additionally, the broker is registered with Companies House in the UK, registration number 201800947, and also has a registered company in Australia, ABN number 2018AD947.
Upon verification, both the Companies House in the UK and the Australian Business Register show no record of companies with the registration numbers 201800947 and 2018AD947, respectively.
Further investigation reveals that the regulatory information mentioned on profits-options.com actually belongs to the broker "Exness."
Therefore, profits-options.com is essentially a fraudulent website with no corporate entity, using the regulatory information of other brokers.
Trading Products
PROFITS OPTIONS claims to offer trading services in various financial derivatives, including forex, indices, stocks, and cryptocurrencies.
- Forex: The forex market is the largest financial market globally, where investors earn profits by buying and selling currency pairs from different countries based on exchange rate fluctuations.
- Indices: Indices represent the weighted average of a basket of stocks, reflecting the overall market performance of a specific country or industry. When trading indices, investors are betting on the performance of an entire market or sector, rather than individual companies.
- Stocks: Stocks represent ownership in a company. By purchasing stocks, investors become shareholders and can profit from the company's growth, dividends, or stock price appreciation.
- Cryptocurrencies: Cryptocurrencies are digital assets based on blockchain technology, such as Bitcoin and Ethereum. They are relatively new investment products with high volatility, allowing investors to speculate on price movements or invest long-term for potential high returns.
Account Opening Process
The account opening process at PROFITS OPTIONS is as follows:
- Visit profits-options.com and click on "START LIVE TRADING" or the "SIGNUP" button at the top right to access the account application page.
- Fill in your name, email address, and set a login password on the account application form. Submit the form to create your account.
- After logging in, users must complete the KYC verification process to start trading.
Investment Plans
PROFITS OPTIONS claims to offer five different investment plans: Basic, Bronze, Silver, Premium, and VIP.
Basic:
- Investment Amount: $500 to $1,000
- Expected ROI: 15.2% within 24 hours
- Option to copy junior traders
Bronze:
- Investment Amount: $1,000 to $10,000
- Expected ROI: 18.5% within 24 hours
- Option to copy professional traders
Silver:
- Investment Amount: $10,000 to $50,000
- Expected ROI: 18.5% within 24 hours
- Option to copy professional traders
Premium:
- Investment Amount: $50,000 to $150,000
- Expected ROI: 25.5% within 24 hours
- Option to copy expert traders
VIP:
- Investment Amount: $150,000 and above
- Expected ROI: 35.2% within 24 hours
- Option to copy expert traders
Additionally, the trading cycles are divided into short-term (monthly) and long-term (annual).
Trading Platform and Deposits/Withdrawals
Profits-options.com claims to offer the MT4/MT5 trading platform to its clients, but there is no information on these platforms confirming the broker’s presence. Moreover, the broker only supports deposit and withdrawal transactions via cryptocurrencies.
Conclusion
Traderknows advises investors that PROFITS OPTIONS (profits-options.com) is an illegal site with no legitimate corporate entity, unregulated, and using the information of other brokers. When choosing a trading platform, investors should carefully consider, prioritizing those that are regulated and transparent to ensure the safety of their funds and minimize investment risks.
