Meta User Profit Point is a brokerage suspected of fraud. Its official website's domain, "metauserprofitpoint.com," was registered on April 28, 2023. The platform claims to provide investors with trading services for various financial derivatives, including forex, indices, metals, energy, stocks, bonds, and cryptocurrencies.
Company Background and Regulatory Information
According to public information available on metauserprofitpoint.com, the company operates under the trade name Meta User Profit Point, is registered in Australia with ABN number 2018AD947, and claims to have a branch in the UK. Additionally, the "Terms and Conditions" page of their website indicates that the company's services are "governed and interpreted in accordance with Estonian law."
Upon verification, the Australian Business Register (ABR) reveals that no company exists with ABN number 2018AD947. Furthermore, no records of a company named "Meta User Profit Point" were found on the websites of the Estonian Chamber of Commerce or the Estonian Financial Supervisory Authority. Therefore, Meta User Profit Point is not legally registered in any country and lacks regulatory credentials, classifying it as an illegal platform with no entity or regulatory backing.
Trading Products
Meta User Profit Point claims to offer a variety of trading options across several financial products, including forex, indices, metals, energy, stocks, bonds, and cryptocurrencies.
- Forex: The forex market is the largest financial market globally, primarily trading between different national currencies. Investors earn profits by buying and selling various currency pairs (such as USD/EUR).
- Indices: Indices represent the overall performance of a group of stocks, such as the S&P 500 or DJIA. By trading indices, investors can bet on the overall market's rise or fall rather than individual stock price movements.
- Metals: The metals market includes precious metals like gold and silver, and industrial metals like copper. Precious metals are often considered safe-haven assets, bought by investors to preserve value during economic uncertainty.
- Energy: The energy market primarily deals with commodities like oil and natural gas. Prices usually fluctuate based on changes in supply and demand, geopolitical events, and global economic factors.
- Stocks: Stocks represent partial ownership of a company. By purchasing stocks, investors can profit from dividends or stock price appreciation.
- Bonds: Bonds are debt instruments issued by governments or corporations. Bond investors earn returns through regular interest income, with the principal returned upon maturity.
- Cryptocurrencies: Cryptocurrencies are digital currencies based on blockchain technology, such as Bitcoin and Ethereum. This market is highly volatile, attracting a large number of high-risk investors.
Account Opening Process
The account opening process on the Meta User Profit Point platform is as follows:
- Visit metauserprofitpoint.com.
- Click "OPEN AN ACCOUNT" or the "SIGNUP" button at the top right corner of the page to access the account application page.
- Fill in the required information in the application form, including name, email, phone number, and password. Submit to successfully create an account.
- Users must complete the KYC verification process to begin trading operations.
Investment Plans
Meta User Profit Point offers four different investment plans as follows:
PLAN A:
- Return: 20% (after 24 hours)
- Minimum Investment: $50
- Maximum Investment: $499
- Investment Duration: 24 hours
- Principal returned upon maturity
PLAN B:
- Return: 40% (after 48 hours)
- Minimum Investment: $500
- Maximum Investment: $1,499
- Investment Duration: 48 hours
- Principal returned upon maturity
PLAN C:
- Return: 80% (after 72 hours)
- Minimum Investment: $1,500
- Maximum Investment: $5,000
- Investment Duration: 72 hours
- Principal returned upon maturity
PLAN D:
- Return: 100% (after 96 hours)
- Minimum Investment: $5,000
- Maximum Investment: Unlimited
- Investment Duration: 96 hours
- Principal returned upon maturity
Trading Platform and Deposit/Withdrawal Methods
Meta User Profit Point claims to offer a proprietary trading platform that is only available in a web-based format. The platform states that users can deposit and withdraw funds via Visa, Mastercard, Paypal, cryptocurrency, Perfect Money, and other methods.
Conclusion
Traderknows advises investors that Meta User Profit Point is an illegal brokerage platform without a real company entity or regulatory support. Investors should exercise caution when selecting a platform and prioritize those that are legally regulated and transparent to ensure the safety of their funds and reduce investment risk.
