Forex Brokers

Profit class

1.7 (10 reviews)
🇳🇿 New Zealand
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1.7
10 reviews
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About Profit class

Profit class has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Took my money and went silent

P
Peter X.
2 months ago

I am in a dispute with Profit class over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Economic calendar|Clear documentation|Dedicated account manager|High security standards

Cons: Cannot customize dashboard fully

Lost money due to their incompetence

G
Gabrielle S.
2 months ago

The platform at Profit class is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for close to eighteen months of dealing with this, I have had enough.

Pros: Automated trading options|Segregated accounts|Customizable dashboard|Intuitive for beginners

Cons: Limited social trading features|Search feature is basic

Password reset broken for weeks

K
Kimberly N.
3 months ago

I signed up with Profit class after hearing about them at a conference and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Detailed reporting|Excellent charting|Great customer service

Cons: Wish they had more educational resources

Lost my investment - DO NOT TRUST

O
Oliver A.
4 months ago

Tried to withdraw my funds from Profit class 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.

Pros: Initially responsive customer service

Cons: Withdrawal fees demanded|Communication cut off|Not authorized

Important information for potential investors

M
Maria O.
4 months ago

This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction

My account was compromised and they did nothing

R
Rachel I.
8 months ago

I had high hopes for Profit class through a financial advisor, 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: Regular updates|Copy trading available

Cons: Inactivity fee applies after 12 months

Not regulated - verified this myself

J
Jennifer I.
8 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Profit class has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Cons: Listed in warning databases|No transparency|Pressure to invest quickly

Worst decision I made this year

S
Simon Z.
9 months ago

Profit class advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.

Pros: Easy to use platform|Clean UI|Regular platform improvements|Social trading features

Cons: Slow to add new assets

Warning to all potential customers

C
Carl L.
10 months ago

I found Profit class when my bank disappointed me and I searched for alternatives and the initial impression was positive. But for a couple of months now later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: API access|Great customer service

Cons: Limited ETF selection|Minimum deposit could be lower

Incompetent on every level

N
Nathan Z.
12 months ago

Do not use Profit class for anything serious. I used them for just over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Comprehensive tools|Excellent charting

Cons: Could offer more webinars|Research section could be deeper