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ADVANCEDPROFIT

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Operating status: SCAM

Website: https://advancedprofit.cc/

Broker violations and abnormal records
  • 2023-10-12 The Austrian FMA issues a warning against ADVANCEDPROFIT

    On 13 October 2023, the Austrian Financial Market Authority (FMA) issued a waraning against ADVANCEDPROFIT, saying this provider was not authorized to carry out banking transactions in Austria. https://fi.ee/sites/default/files/2023-11/AdvancedProfit%20_%20Htrendline%20Ltd%20-%20FMA%20%C3%96sterreich.pdf

    On 13 October 2023, the Austrian Financial Market Authority (FMA) issued a waraning against ADVANCEDPROFIT, saying this provider was not authorized to carry out banking transactions in Austria. https://fi.ee/sites/default/files/2023-11/AdvancedProfit%20_%20Htrendline%20Ltd%20-%20FMA%20%C3%96sterreich.pdf
  • 2024-04-21 The CNMV adds ADVANCEDPROFIT to its warning list

    On 22 April 2024, the Comisión Nacional del Mercado de Valores (CNMV) added  ADVANCEDPROFIT to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=ADVANCEDPROFIT

    On 22 April 2024, the Comisión Nacional del Mercado de Valores (CNMV) added  ADVANCEDPROFIT to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=ADVANCEDPROFIT
  • 2024-04-22 BrokersView has reviewed that ADVANCEDPROFIT is an unregulated broker

    ADVANCEDPROFIT purports to be operated by Htrendline Ltd, a company allegedly based in St. Lucia, and claims to have offices in various countries. However, the company fails to provide any regulatory information to substantiate its legitimacy within these countries and regions. It's important to note that forex trading activities are not licensed in St. Lucia, suggesting that ADVANCEDPROFIT may be operating without the necessary authorization.

    Moreover, both the Austrian Financial Market Authority (FMA) and the Comisión Nacional del Mercado de Valores (CNMV) have included ADVANCEDPROFIT on their warning lists due to its unauthorized provision of financial services within their jurisdictions. These warnings provide strong evidence of the platform's fraudulent nature.

    In essence, ADVANCEDPROFIT is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    ADVANCEDPROFIT appears to be a scam.

    ADVANCEDPROFIT purports to be operated by Htrendline Ltd, a company allegedly based in St. Lucia, and claims to have offices in various countries. However, the company fails to provide any regulatory information to substantiate its legitimacy within these countries and regions. It's important to note that forex trading activities are not licensed in St. Lucia, suggesting that ADVANCEDPROFIT may be operating without the necessary authorization.Moreover, both the Austrian Financial Market Authority (FMA) and the Comisión Nacional del Mercado de Valores (CNMV) have included ADVANCEDPROFIT on their warning lists due to its unauthorized provision of financial services within their jurisdictions. These warnings provide strong evidence of the platform's fraudulent nature.In essence, ADVANCEDPROFIT is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.ADVANCEDPROFIT appears to be a scam.

Related Complaints

Q&A

VIP's bonuses on ADVANCEDPROFIT are up to 100%?! Can someone tell if it is true?!

Advait Chan
Indonesia
2024-04-24
ANSWER We strongly advise against using ADVANCEDPROFIT, an unlicensed broker.The broker purports to be registered in St. Lucia, a jurisdiction where forex trading activities are not licensed. It fails to provide any valid regulatory information, which is a red flag for potential scams. Moreover, it has been flagged by two financial regulators - the Austrian Financial Market Authority (FMA) and the Comisión Nacional del Mercado de Valores (CNMV) - for operating without proper authorization, raising serious concerns about its legitimacy and credibility (access the FMA warning, and the CNMV warning).Given these circumstances, ADVANCEDPROFIT, as an unlicensed broker, presents significant risks. To protect yourself from such risks, we highly recommend avoiding ADVANCEDPROFIT and opting for fully regulated brokers instead.
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