Profit Palace (profitp.net) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +61753489066, +441949749215, +6436685279
Addresses: Kington England HR5 3DJ This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: profitp.net.
I joined Profit Palace (profitp.net) from a review site like this one 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: High security standards|Regular platform improvements|Wide product range
Cons: Withdrawal takes 1-2 business days
After using Profit Palace (profitp.net) for nearly two years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Clean UI|Instant funding|Wide product range
Cons: Research section could be deeper|Limited ETF selection
Profit Palace (profitp.net) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Social trading features|Personal attention
Cons: Currency conversion fee exists
Profit Palace (profitp.net) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: API access|Demo account available|Responsive team|Smooth onboarding
Cons: Limited social trading features|None so far
I gave Profit Palace (profitp.net) a fair chance. After since I retired last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Quick verification|Helpful community forum|Multiple order types
Cons: Wish they had more educational resources
I requested my data from Profit Palace (profitp.net) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Multiple order types|Regular platform improvements|Fast support response|Smooth onboarding
Cons: None so far
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Profit Palace (profitp.net) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Multi-device support|Personal attention|Easy withdrawals
Cons: Account statements could be more detailed|Cannot customize dashboard fully
After spending for about eight months trying to make Profit Palace (profitp.net) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Fast support response|Multiple order types|Full transparency
Cons: Spreads widen during volatile periods
The onboarding at Profit Palace (profitp.net) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Personal attention|Real-time alerts|Responsive team
Cons: Limited cryptocurrency options|Minimum deposit could be lower
If you are reading this considering Profit Palace (profitp.net) - run. I wish I had read more negative reviews through word of mouth in my investment club. I thought the positive ones were real. Maybe some are. My experience over for over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Fast support response|Risk management tools|Automated trading options|Fast execution
Cons: Charting tools need more indicators|No phone support on weekends