Profit-portfolio is a CFD broker with a domain registered on December 15, 2022. The broker provides users with numerous trading markets via its self-developed trading platform, including forex, options, and CFDs. It does not offer services to countries and regions where its operations might violate local laws or regulations.
Company Registration and Regulatory Status
Public information on the Profit-portfolio website indicates that it is headquartered in New York, USA, and is regulated by the U.S. Commodity Futures Trading Commission (CFTC), Belize Financial Services Commission (IFSC), and the Cyprus Securities and Exchange Commission (CySEC).
Upon investigation, the National Futures Association (NFA) in the USA, the Belize Financial Services Commission (IFSC), and the Cyprus Securities and Exchange Commission (CySEC) could not find any entity named Profit-portfolio. (The registration and review of intermediaries are conducted by the NFA on behalf of the CFTC under its supervision.)
Therefore, Profit-portfolio is essentially a fraudulent website with false advertising and no regulatory oversight.
Account Opening Process
To open a trading account with Profit-portfolio, visit the broker's website, click “Register” to access the account registration page, and fill in personal information such as name, email address, phone number, and set a login password. Submit the information and verify the account to complete the registration successfully.
Investment Plans
Profit-portfolio offers users four different types of investment plans: Mini Plan, Silver Plan, Gold Plan, and Platinum Plan.
Mini Plan:
- Investment Amount: $500
- 24x7 Customer Support
- Professional Charts
- Trading Alerts
- Investment Return: $2,778
Silver Plan:
- Investment Amount: $700
- 24x7 Customer Support
- Professional Charts
- Trading Alerts
- Investment Return: $4,289
Gold Plan:
- Investment Amount: $1,000
- 24x7 Customer Support
- Professional Charts
- Trading Alerts
- Investment Return: $7,167
Platinum Plan:
- Investment Amount: $1,500
- 24x7 Customer Support
- Professional Charts
- Trading Alerts
- Investment Return: $9,556
Trading Platform:
Profit-portfolio provides users with a proprietary trading platform, but it is limited to the web version only.
Deposits and Withdrawals:
Profit-portfolio does not clearly disclose its supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its website.
Conclusion:
Traderknows warns investors that Profit-portfolio is actually an unregulated scam website. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Scam" on Traderknows.
