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.
KYC with Profit Palace (profitp.net) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Segregated accounts|Good mobile app|Fast support response|Market news feed
Cons: Inactivity fee applies after 12 months
Do not believe the bonus offer from Profit Palace (profitp.net). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after attending a webinar they hosted and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Instant funding|Good mobile app|Personal attention
Cons: Email notifications too frequent|No integrated tax optimization
Opened my account with Profit Palace (profitp.net) through a financial advisor and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Stable platform|Clean UI|Customizable dashboard|Personal attention
Cons: No integrated tax optimization
I closed a profitable position at Profit Palace (profitp.net) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Clean UI|Demo account available
Cons: Slow to add new assets|Minor UI glitches occasionally
Profit Palace (profitp.net) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Stable platform|Personal attention|Economic calendar|Good mobile app
Cons: Would like more payment methods|Live chat only during business hours