Is Profitablelivetrade a Reliable Broker?
This Profitablelivetrade review reveals severe issues regarding the broker, which makes it a dangerous choice for traders. With the website https://globalelitemarkets.live, Profitablelivetrade has been warned by the Financial Conduct Authority (FCA) of the United Kingdom, which has issued a warning against this broker. This is a serious red flag for anyone considering using this platform.
About Profitablelivetrade
Company Name – Profitablelivetrade
Website – https://globalelitemarkets.live/
Address – 1000 Main Street, Houston, Texas, UNITED STATES OF AMERICA, 77002
Regulatory Warning – Financial Conduct Authority (United Kingdom)
Domain Blacklisted Status – globalelitemarkets.live is flagged on multiple blacklists, indicating it’s involved in suspicious or potentially harmful activities. Being listed three times suggests a higher risk of fraud or security threats.
Regulatory Status and Risks
The total absence of regulation is one of Profitablelivetrade’s main issues. Without legitimate control, the broker can’t ensure the security of your funds, and traders are subjected to high risks.
Key points to note in this Profitablelivetrade review:
- No valid rule issued by any authorized authority
- The FCA has warned about this broker.
- The platform is providing high-risk financial services
- The site is hosted on a server with several low-rated websites
- There is no clear indication of user protection or transparency
Trustpilot and User Feedback
Despite having an average Trustpilot rating of 3.2, most reviews are unfavorable for Profitablelivetrade. Many users have reported issues such as:
- Withdrawals delayed or denied.
- Poor customer support.
- Empty and false promises of high returns and profits.
Common Complaints Include:
- Ineffective communication with the support staff
- Difficulty in withdrawing funds
- High-pressure tactics to deposit more money
- Fraudulent trading promises and fake success stories
These issues point to a scam-like behavior, which raises concerns about the broker’s legitimacy.
Conclusion: A Risky Choice
In conclusion, this Profitablelivetrade review strongly advises against using this platform due to a lack of regulation, a high volume of complaints, and warnings from financial authorities. The platform risks traders losing their funds.
How Scams Report Can Assist Victims Get Their Funds Back
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About Scams Report
Scams Report is a trusted fraud reporting and fund recovery assistance company dedicated to helping victims of financial scams. It provides expert guidance, chargeback support, and legal assistance to recover lost funds. Additionally, its blog educates users by exposing fraudulent brokers and investment scams, ensuring safer financial decisions for traders worldwide.
All newly invented fraudulent schemes to fool new traders are constantly monitored by us on the Internet. For over a decade, we have been collecting scam-related data, so we do believe in knowing every UNFAIR company operating in the market. Therefore, we have gathered the information regarding the scammers from the List of SCAM Brokers for you.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
