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Score

1.33 /10
Danger

PROFIT CINDA LIMITED

United Kingdom

Scam Brokers

2-5 years

Suspicious Regulatory License

High potential risk

https://www.profitfx.net/index.htm

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Comparison

Quantity 60

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.65

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

PROFIT CINDA LIMITED

Company Abbreviation

PROFIT CINDA LIMITED

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-09-29
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Exposure

60 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw money

This broker has lost my initial outlay, I have reported many times and asked to pay my initial outlay, but so far the exchange has not paid and blocked all contact.

2023-06-12 13:19
Unable to Withdraw

Do not allow withdrawals

Proposing san Profit cinda limited to compensate for my initial investment, because the trading company gave reasons that were not consistent with the commitment and then locked my account; deliberately did not transfer money to me. hope the authorities help

2023-02-09 09:44
Resolved

Do not allow withdrawals

Ask the platform to return my initial investment of $ 6000, because san did not comply with its commitments and intentionally gave inappropriate reasons, consistent trading profits higher than the initial investment; Having to prove my finances is absurd and I don't record that profit. now the broker has locked my account and does not transfer the initial investment. request the higher authority to consider and resolve.

2023-02-27 15:35
Resolved

Can't withdraw money

My MT4 account is 2076122. After consistent trading, my account balance is more than $28000. However they don't allow withdrawal because profit is higher than account balance, they ask to deposit 50% of total current account balance to verify the account and then withdraw, and this is a sign of fraud, request the authorities to help me and other players withdraw our original amount invested, (below are some pictures of the company's top-up and commitment, the phone number of the consultant who calls regularly, Hien's name).

2023-02-03 15:19
Resolved

No transfer

This bank did not remit money to me, and I have successfully cashed out the withdrawal slip that has not been transferred for over 4 months. Seek help from institutions. He violated the contract and agreement he signed with me.

2023-04-24 09:29
Resolved

Do not allow withdrawals

This platform intentionally lost my initial investment capital of 6,000 USD, asking for compensation according to the signed commitment; The platform used the initial investment capital improperly. my account has been frozen for almost 4 months now. hope the departments help

2023-04-03 10:58
Resolved

Don't let fairy

The platform request PROFIT CINDA LIMITED to return my initial investment, $6000, given by the company incompatible with the commitment and signed contract, since then the exchange has locked my account and not let me withdraw, have I made a withdrawal order, the system announced that it was set up, but so far I have not seen the transfer, but so my account has been locked and I can't withdraw money; please ask the relevant agencies to consider and help.

2023-02-24 15:39
Unable to Withdraw

PROFIT CINDA LIMITED platform scam

This platform has scammed me nearly 50,000 USD. By forcing customers to top up many times to entice consistent transactions, but then force customers to pay PIT, foreign currency conversion fees... and other reasons to scam customers, while goods platform still withdraw 50% profit from my account. Ask the police to get involved. Currently, this company is registered by Director Nguyen Van Phuc under the name Anh Phuc Financial Investment and Support Company Limited, address: No. 6 Phan Tu, My An Ward, Ngu Hanh Son District, Da Nang City.

2023-05-22 12:22
Resolved

do not pay your investment capital

this floor has lost my initial investment from 12/2022 until now; do not compensate me; I have submitted many times (38 times); but no one can help; I hope the authorities will consider and help me (my initial investment is $6000)

2023-05-25 16:07
Unable to Withdraw

Freeze account, do not allow withdrawals

The QLTC team made a consistent transaction and reported that the account was more than 190% profitable and suspected of money laundering. Ask me to submit more to prove financial capacity. Don the large amount I can not meet. MT4 freezes the account and does not allow withdrawals.

2023-02-13 20:53
Resolved

Cannot withdraw

The exchange intentionally increased my account's abnormal earnings with some consistent trading; asking me to prove my finances by the extraordinary increase in income equivalent to the amount of 10,480 USD; I am not able and in the contract and commitment of the Company does not mention that matter; now the exchange has frozen my MT4 account and won't let me withdraw my initial investment of 6000 USD for more than 3 months. hope the functional departments help.

2023-03-07 14:54
Unable to Withdraw

Can't withdraw money

I deposited $1,500 into my account opened at PROFIT CINDA LIMITED on April 10, 2023. On April 14, 2023, when I made a withdrawal order, I only saw in the withdrawal history that the order was approved, but the money was not transferred to my bank account. I contacted the exchange's customer service staff, they denied responsibility and blamed the conversion bank. But the reality is that they intentionally did not execute my withdrawal order and took my money. Currently, their customer service staff has deleted my zalo friend and blocked contact with me. Apparently PROFIT CINDA LIMITED is scamming customers' money. I'm looking forward to your help, thank you very much

2023-05-20 11:50
Unable to Withdraw

PROFIT CINDA LIMITED floor is full of scams

I denounce this floor which has cheated my money nearly 150,000,000 dollars and put me in debt. I hope the agency investigates arrest these scammers. They broke into the system and locked my account and I lost all the money I invested

2023-05-25 22:27
Resolved

Do not allow withdrawals

Asked the platform PROFIT CINDA LIMITED to pay my initial investment capital of 6,000 USD. Two months ago, because the platform intentionally did not comply with the commitments and signed contracts; made me lose my initial investment. locked my account and did not transfer my payment. Asking agencies for help.

2023-02-14 11:08
Others

Suggest that the exchange keep its commitment for customers to withdraw money

After the incident happened to agree to reopen the account for the customer and for the benefit of both parties. I agree to leave that capital until the party withdraws enough capital. Now that party has withdrawn enough and now asks to withdraw the money. I have to pay 50% (5826.5 USD) but when I agree on the support platform to close, I don't talk about this issue. That party withdraws profits but blocks the withdrawal direction of customers. True commitment with customers to not withdraw money.

2023-02-24 19:19
Unable to Withdraw

PROFIT CINDA LIMITED does not allow withdrawals

I have invested in Profit cinda limited through the broker Anh Phuc financial investment and support company limited based in Da Nang Vietnam, trading account 2077838 with investment capital of 1,000 USD. Then when I wanted to withdraw my capital, the exchange did not allow it and arbitrarily made consistent transactions without my consent and generated abnormally high profits, they asked me to submit money to prove that the anti-money laundering financial statement is 35% of the total amount more than 16,000 USD. When I didn't pay they froze my account for 7 months now. I asked the authorities to intervene with the above brokerage company to return my capital of 1,000 usd. Thank you, I would like to add some pictures of my 1000 USD deposit history on November 25, 2022 into my account 2077838.

2023-07-17 14:28
    PROFIT CINDA LIMITED · Company summary
    Basic Information
    Registered Countries United Kingdom
    Regulation No License
    Company Name PROFIT CINDA LIMITED
    Minimum Deposit N/A
    Maximum Leverage 1:400
    Minimum Spread N/A
    Trading Platform MT4
    Trading Assets Forex, Commodities, Index, Rare Metals, as well as Cryptocurrency
    Payment Methods N/A
    Customer Support Email Phone, Online Chat Support

    General Information

    Allegedly registered in the United Kingdom, PROFIT CINDA LIMITED says it is an online investment platform providing as series of trading assets including Forex, commodities, Index, Rare Metals and Cryptocurrencies through the advanced MT4 trading platform. With PROFIT CINDA LIMITED, traders can use the maximum trading leverage up to 1:400.

    When it comes to regulation, PROFIT CINDA LIMITED has let us down, for it is not subject to any regulation, and thats why WikiFX has given it a very low score of 1.04/10. Please be aware of the risk involved, as trading with an unregulated broker is taking huge risk of losing your money.

    wikifx

    Market Instruments

    PROFIT CINDA LIMITED provides access to a total of five classes of trading instruments, covering forex, commodities, index, rare metals and cryptocurrencies.

    Account Types

    PROFIT CINDA LIMITED says nothing about its account setting, including minimum deposit requirement for each account, margin call level, stop out level, minimum and maximum trade volume, and more, so disappointing.

    Spreads & Commissions

    PROFIT CINDA LIMITED says clients can trade forex pairs with spreads from 0.0 pips, with the average spreads on EUR/USD pair starting at 0.1 pips.

    Leverage

    Maximum leverage for major forex is 1:30 in Europe and Australia, and 1:50 in the U.S. and Canada, while PROFIT CINDA LIMITED enables its clients to use leverage of up to 1:400. This is crazily higher than the proper amount considered appropriate by most regulators.

    Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size.

    Trading Platform

    PROFIT CINDA LIMITED provides access to the industry-leading MT4 trading platform, which is currently the most used forex trading software in the world. Only one account, you can use PC, Tablet, Smartphone, or browser directly.

    Customer Support

    Except for the FAQ section, PROFIT CINDA LIMITED does not provide any contact information to help clients who have any inquiry or trading related issues, which is very weird.

    Clients can only follow this broker on some social media platforms, such as Facebook, Twitter, Instagram and Pinterest.

    Risk Warning

    Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

    The information presented in this article is intended solely for reference purposes.

    Pros & Cons

    Pros Cons
    MT4 trading platform No regulation
    High leverage up to 1:400 Average selection of trading assets
    Wide selection of trading assets No clear information on minimum deposit, deposit or withdrawal
    Poor customer support
    Spreads not specified

    Frequently Asked Questions

    Is PROFIT CINDA LIMITED regulated？

    No, PROFIT CINDA LIMITED is not regulated.

    What is the maximum leverage provided by PROFIT CINDA LIMITED？

    The maximum trading leverage provided by PROFIT CINDA LIMITED is up to 1:400.

    What trading instruments does PROFIT CINDA LIMITEDprovide？

    PROFIT CINDA LIMITED offers access to Forex, Commodities, Index, Rare Metals, as well as Cryptocurrency.

    News

    ExposurePROFIT CINDA LIMITED denied a Vietnamese investor's withdrawal request.

    The reason why PROFIT CINDA LIMITED caught our eye is that a Vietnamese trader exposed PROFIT CINDA LIMITED to WikiFX. We wonder if this broker is reliable.

    WikiFX
    2023-01-12 17:32
    PROFIT CINDA LIMITED denied a Vietnamese investor's withdrawal request.
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    User comment

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    Comments

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    phạm đình huy
    more than one year
    xin nói thêm: sàn ProFit cinda limited này có nhiều con mồi và nhóm mọi người nên chú ý; thực ra chỉ là 1 người thôi nha các bạn, nó tạo zalo hình ảnh giả và nhom giả ( gì sao tôi biết: sao khi sàn khóa TK tôi , tôi liên hệ không được trong đó 3 người cùng 1 lúc tắc mạng cùng ngày.
    xin nói thêm: sàn ProFit cinda limited này có nhiều con mồi và nhóm mọi người nên chú ý; thực ra chỉ là 1 người thôi nha các bạn, nó tạo zalo hình ảnh giả và nhom giả ( gì sao tôi biết: sao khi sàn khóa TK tôi , tôi liên hệ không được trong đó 3 người cùng 1 lúc tắc mạng cùng ngày.
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    2023-02-03 11:48
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    phạm đình huy
    more than one year
    sàn này có hành vi cố ý gây ra để lấy tiền khách hàng, mọi người nên chú ý nhiều chiêu trò
    sàn này có hành vi cố ý gây ra để lấy tiền khách hàng, mọi người nên chú ý nhiều chiêu trò
    Translate to English
    2023-02-03 11:41
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