HERITAGE PROFIT has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.heritageprofit.com.
I wanted to transfer my portfolio from another broker to HERITAGE PROFIT. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Customizable dashboard|Easy to use platform|Fast deposits
Cons: No integrated tax optimization
Do not be fooled by the professional-looking website. Behind the scenes, HERITAGE PROFIT is disorganized and incompetent. I found them through my accountant's suggestion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Multiple order types|Reliable uptime|Stable platform|Market news feed
Cons: Nothing significant|Spreads widen during volatile periods
Several red flags with HERITAGE PROFIT: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Tried to withdraw my funds from HERITAGE PROFIT and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I joined HERITAGE PROFIT after a family member had a good experience and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Low minimum deposit|Personal attention|Two-factor authentication
Cons: Live chat only during business hours