BitprofitApp has been flagged by The Dutch Authority for the Financial Markets for "Market Manipulation (pump and dump schemes, wash trades, etc.)". The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from BitprofitApp. This company is a suspected boiler room, a form of online investment fraud. BitprofitApp has approached persons without being asked, to offer them investment proposals. A boiler r... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: https://bitprofitapp.com/nl/.
I had high hopes for BitprofitApp through a podcast recommendation, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Smooth onboarding|Personal attention
Cons: Desktop app not available on Linux|Minor UI glitches occasionally
After seeing ads for BitprofitApp online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by The Dutch Authority for the Financial Markets. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
I invested $10,000 with BitprofitApp after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to The Dutch Authority for the Financial Markets.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
BitprofitApp changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: No hidden fees|Dedicated account manager
Cons: Limited ETF selection|Website design could be more modern
The mobile app from BitprofitApp is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Helpful community forum|Dividend tracking|API access|Social trading features
Cons: Account statements could be more detailed
I trusted BitprofitApp with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Economic calendar|Quick verification|Detailed reporting|Transparent fees
Cons: No phone support on weekends|Minor UI glitches occasionally