• Profits Trade

Profits Trade

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Overview

Profits Trade has a rating of 2.8 stars from 94 reviews, indicating that most customers are generally dissatisfied with their purchases. Profits Trade ranks 141st among Stock Trading sites.

  • Service
    35
  • Value
    31
  • Quality
    33

This company does not typically respond to reviews

Positive reviews (last 12 months): 0%
Positive
0
Neutral
0
Negative
2
22
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How would you rate Profits Trade?
Top Positive Review

“Support was very helpful & attentive towards me.”

James L.
2/3/21

I had a small issue and contacted support couple of days ago and got an answer in literally 5-10 mins or less even, support was very helpful & attentive towards me. Couldn't be happier that's the service you get off professional people, well done. Totally recommended using it as well as for beginners also for experienced traders.

Top Critical Review

“Scam! Stay away from this company!”

Gennaro B.
6/9/24

Stay away from this company! They lure you in with enticing offers, but once you deposit your money, withdrawals become impossible. Their customer service is non-existent, leaving you stranded with your savings hanging in the balance. I fell victim to their schemes, but refused to give up. After endless searching, I found hope in Phoenix Souls, recommended by a Quora user. Despite my doubts, they managed to recover my money, turning my despair into elation. If you're in a similar situation, visit Phoenixsouls.com for help. Don't let them win.

Reviews (94)

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Thumbnail of user inesc15
Norway
2 reviews
11 helpful votes
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February 5th, 2021

I have had an excellent experience with Profitstrade so far, they have been more than helpful with everything I have asked and I will continue to use Profitstrade in the near and far future. I would also recommend this service to anyone as they have one of the lowest trading costs by far.

Tip for consumers:
They have been more than helpful with everything I have asked and I will continue to use Profitstrade in the near and far future.

Products used:
Forex

Thumbnail of user claireo27
Mexico
7 reviews
8 helpful votes
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October 23rd, 2020

My experience with Profitstrade is great so far. Even though my trading account experiences its ups and downs, the reliability of the brokerage itself and the quality of service does not cause questions. This is very convenient that support is very responsive and you can get the answer within minutes. Trading conditions are also good here, so I recommend this brokerage.

Thumbnail of user agnesn12
Poland
3 reviews
5 helpful votes
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August 7th, 2020

Profitstrade makes investing easy with online bank transfers, I just click my account and the money is available to trade. With my other online trading companies I had to wait for days to buy into a position, then it was too late. Thanks for making it so easy.

Thumbnail of user oscars179
Denmark
5 reviews
16 helpful votes
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March 4th, 2021

It was very important for me to look on every aspect when I was just choosing a FX company and luckily Profitstrade turned out to be exactly what I was looking for. I've changed companies multiple times, can't remember exactly how many times, but anyways I am really happy to have found this brokerage, test it and understand that I'm fine trading there.

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Value
Quality
Thumbnail of user janh344
Netherlands
4 reviews
1 helpful vote
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October 26th, 2020

I need to admit that Profitstrade is my first brokerage so I don't have anything to compare it with. From what I know normally people running into dishonest brokerages deal with problems with orders executions, charts manipulations and withdrawals, but I have none of these problems and hope it continues this way, nothing to complain about so far.

Thumbnail of user cedricl21
Estonia
4 reviews
0 helpful votes
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January 19th, 2021

I have invested my money before in several platforms and each one had some negative sides that pushed me to change my investment over and over. I come across to Profitstrade, and I decided to invest and already noticing some great results, the earning are goods regarding the invested amount.

Thumbnail of user marionb188
GB
1 review
6 helpful votes
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June 3rd, 2021

An outfit calling themselves 'Profits Trade' recently scammed me out of £Ks: Following their initial, cold call pitch, I was persuaded to sign an online contract agreeing that they were to be my brokers in this instance. They informed me I would need a Binance trading account and helped me through the process of opening same, using Anydesk, with the promise to guide and teach me how to trade. All seemed safe and above board. 24hrs later they called to say I had made excellent returns on my investment and would duly instruct me how to withdraw my profits. That 'tutorial' resulted in all of my deposits to Binance, plus any profits made, being directed from Binance in crypto currency to themselves. I have taken action to report this fraud through various channels and hopefully they will soon be called to account. Beware of Profits Trade - do not do any business with them.

Products used:
trading in BTC

Service
Thumbnail of user nn295
New Zealand
1 review
5 helpful votes
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May 14th, 2021

Raymond Wallace, his director Andrew Owen, accounts Michelle, and the rest of the team at Profits Trade are running an elaborate fraudulent scheme.
They seem to offer enough information to seem legitimate and offer good returns on investments. However, at first withdrawal, they hit us with the information that ICC UK requires them to prove a liquidity transaction, the same amount in our trading acct as our kraken acct. They say it doesn't need to move from our kraken acct. The next thing they do so quickly we couldn't keep up is transfer our kraken funds to an external wallet (to prove liquidity to ICC). Then Michelle gets on the phone and says we need to pay 25% tax & 5% trader fees before our trading funds will be released into the external wallet for ICC approval, another $50,000, within 3 days! Now they won't take our calls, our funds are stuck.

Definitely do NOT listen to any positive reviews about Raymond or this company, they are scammers of the highest degree!

Tip for consumers:
Just stay away from Profits Trade & Raymond Wallace!

Products used:
Cryptocurrency investment

Service
Value
Quality
Thumbnail of user ethanc124
Italy
4 reviews
5 helpful votes
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October 18th, 2020

I want to thank Profitstrade for showing me the best way to make the maximum profit from trade in the market. I have recommended Profitstrade to my friends and will continue to do so while the quality standards remain high this way.

Thumbnail of user camillem70
Canada
2 reviews
2 helpful votes
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July 11th, 2020

I have been a client of Profitstrade for quite a long time now and I can honestly say this forex platform has pretty much everything that a trader needs, I am placing trades and feel so good knowing I can have prompt help anytime I need it! I highly recommend!

Thumbnail of user josephh1080
GB
1 review
13 helpful votes
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April 8th, 2021

I also lost a lot to investment scam...

I wouldn't give up if I was you cuz it's your hard earned money and you deserve better trusting this cheap scammers.

Phoenixsouls have been of great help to me
They were able to recover my money back

I'll recommend them anyday and anytime.

They should be able to help get your money back.

You can look up their website at Phoenixsouls dot com

Stay safe

Tip for consumers:
They will take your money

Service
Value
Quality
Thumbnail of user igort33
Croatia
1 review
11 helpful votes
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May 25th, 2021

I am not working for any company or spitting on this company without a reason.
I invested in Portis Trade and I got scamed.
At the beginning everything was fine but as soon I put my money on their platform communication stopped. I was trying to contact them but nobody is answering.
Their website is scam, their stuff is scam and I am warning everyone to avoid this scam company.
To prove that I am real person here is my phone number.
*******455
Who ever wants to call me about my experience with them is welcome.

Tip for consumers:
Avoid them

Service
Value
Quality
Thumbnail of user cristobalv1
Chile
5 reviews
8 helpful votes
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August 7th, 2020

ProfitsTrade offers three types of offers, which I found extremely competitive. First of all, ProfitsTrade offers an Initial Deposit Bonus, in order to be eligible for this, all you need to do is set up your account and deposit your minimal amount. Your Initial Deposit Bonus will be transferred to your account shortly after. It is a great way to encourage new traders like me!

Thumbnail of user davidt1590
Illinois
1 review
5 helpful votes
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September 29th, 2020

If you have gone wrong by making a wrong investment and your worried and tired, of what your wrong investment decision has done to you, and tired of these scumbags companies, here come's the Solution. Webploitrecovry and be happy again.

Thumbnail of user greigd2
GB
1 review
0 helpful votes
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September 29th, 2021

Deposit 360 pounds, Built up to just under 1500 pounds, they went into my account sold all my crypto off, could never withdraw my funds, just been bk on the phone now cheeky bunch of robbing c##ts, put the phone down once asked what was going on! Shouldn't be a loud, this scam has been going on for years, why hasn't this issue been resolved? Why are these theft issues been left to run? Government just sit by! Need ther hands chopping off! Bring bk public stoneing haha wouldn't attempt it then bunch or rats need seeing too

Thumbnail of user johannab52
Germany
11 reviews
40 helpful votes
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June 23rd, 2020

Couple of days ago I had submitted a withdrawal request around 3 PM MT4 market time. As per rules it should be process next business days, but they did it same day as I requested their live support to do is as soon as possile, Because that money was urgent. Thanks Profitstrade team for understanding our unexpected situation.

Thumbnail of user jacoo
GB
2 reviews
1 helpful vote
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February 4th, 2021

I had a call from Amanda Millerat profite trade, she were very insistent which is fine, but i just lost 2k with brokermajor a total scam, so i told her I spoke to my wife and right now i wont be able to invest. I was still telling her and would have said please call me in a couple weeks and we can discuss something. But no she put the phone down mid sentence which i find very rude so will not be trying this company.

Service
Value
Quality
Thumbnail of user jaynep48
GB
1 review
5 helpful votes
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April 16th, 2021

They made mistakes, admitted them and then refused to correct them, cost me 19K! Do NOT trust them. Anyone can make a mistake but to not correct that mistake,,, truely lifechanging horror for the victim.

Service
Value
Quality
Thumbnail of user kristijanb
Serbia
8 reviews
16 helpful votes
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June 30th, 2020

Thanks to ProfitsTrade Metatrader software, it is so easy for me to trade from anywhere with a working wifi. I simply need to connect into my ProfitsTrade account via my smartphone, and the relevant UI would guide me through the necessary step. Profitstrade definitely creates the most integrated, trading experience on the forex market and I have a great experience so far!

Thumbnail of user emerw
Ireland
4 reviews
15 helpful votes
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April 2nd, 2021

Couple of days ago I had a small problem regarding my account and I asked for help to Paul from Acceptrade about what needed to be done, and he helped me within minutes and saved me a lot of time and energy. It's always such a nice experience to be in the hands of the Acceptrade staff, and Thanks again to Paul and of course all the staff for helping and supporting.

Tip for consumers:
Very helpful and attentive staff !

Products used:
FX

Service
Value
Quality
Thumbnail of user ericv619
Cyprus
1 review
1 helpful vote
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May 6th, 2022

They instantly refused any form of contact after the scam. So glad that with the help of Gavibrenaid recovery, I was able to get my money back from this scammers.

Service
Quality
Thumbnail of user rominav1
Argentina
4 reviews
7 helpful votes
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July 23rd, 2020

Really impressed. Good spreads, great software and no issues so far, really enjoy the trading platform, easy to understand for beginners and user friendly. Prompt and helpful customer service

Thumbnail of user josek51
Ukraine
4 reviews
4 helpful votes
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August 7th, 2020

All 5 stars for the account manager who has done a very professional job throughout this months to help me. I hope Profitstrade continues to improve its service and platform! Hoping for the best!

Thumbnail of user minvars
GB
1 review
7 helpful votes
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April 8th, 2021

Offshore, blacklisted, unregulated scammers. They take deposits then send emails requesting you sign & send copies of your personal docs. They never return deposits.

Thumbnail of user nellyh14
Iceland
5 reviews
7 helpful votes
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January 19th, 2021

My time with Profitstrade has not been a waste and that's good! Happy with the performance through the first 3 months. I have won the majority of my trades and I've started doing even better now.

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