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Operating status: SCAM
Website: https://www.ethprofits.io/; https://www.ethprofits.com/
On 19 Aug 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ETH Profits is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/eth-profits
ETH Profits claims to be a registered but not regulated broker.
ETH Profits also claims to be located in the UK. However, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ETH Profits is providing financial services or products in the UK without authorisation.
The truth is that ETH Profits is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
On October 19, 2023, the Financial Conduct Authority (FCA) updates its warning against ETH Profits as this unauthorized firm has changed its website address and continues its unlicensed activities. Please be aware of the risks involved and stay away from the scam. https://www.fca.org.uk/news/warnings/eth-profits
On November 30, 2023, the Belgian Financial Services and Markets Authority (FSMA) added ETH Profits to its warning list as a fraudulent trading platform operating in the Belgian market. https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-2
The website http://ethprofits.com/ has turned inaccessible, a significant scam indicator. Investors should avoid ETH Profits at all costs.
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