Profitable Trades Signals is a Contract for Difference (CFD) broker with a website domain registered on March 1, 2024. The broker provides access to numerous trading markets, including forex, options, cryptocurrencies, commodities, and stock indices, mainly through its proprietary trading platform. It does not offer services to countries and regions where doing so would violate local laws or regulations.
Company Registration and Regulatory Status
Public information on the Profitable Trades Signals website indicates its headquarters are in New York, USA, and it is regulated by the Commodity Futures Trading Commission (CFTC), the International Financial Services Commission (IFSC) of Belize, and the Cyprus Securities and Exchange Commission (CySEC).
Upon verification, neither the National Futures Association (NFA) in the USA, the IFSC in Belize, nor the CySEC in Cyprus have any record of a company named Profitable Trades Signals. (The registration and review of intermediary agencies are conducted by the NFA under the supervision of the CFTC.)
Therefore, Profitable Trades Signals is actually a fraudulent website engaging in false advertising with no regulatory oversight.
Account Opening Process
The account opening process for Profitable Trades Signals involves visiting the broker's homepage, clicking "SIGNUP" to enter the account registration page, filling in personal information such as name, email address, and phone number, setting a login password, and submitting the form for verification. Once verified, the registration is complete.
Trading Plans
The Profitable Trades Signals website does not disclose information about the types of trading accounts it offers, nor the account spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trading volumes, maximum positions/orders, or the minimum price increment related to trading accounts.
Trading Platform
Profitable Trades Signals offers its proprietary trading platform to users.
Deposits and Withdrawals
Profitable Trades Signals does not specify on its website the deposit and withdrawal methods it supports, nor the fees and minimum deposit/withdrawal amounts.
Conclusion
Traderknows reminds investors that Profitable Trades Signals is actually an unregulated fraudulent website. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
