Profit Rex (profitrex.io) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 686-52-1286
Addresses: 3 Mozell Lookout, South Marc, QLD 2330 Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: profitrex.io.
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 Rex (profitrex.io) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Excellent charting|Competitive fees|Multi-device support
Cons: Account statements could be more detailed|Email notifications too frequent
I signed up with Profit Rex (profitrex.io) from a blog post comparing services 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: No hidden fees|Real-time alerts|Good analytical tools|Excellent charting
Cons: Some tools only available on higher tiers
I closed a profitable position at Profit Rex (profitrex.io) 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: Transparent fees|API access|Real-time alerts|Instant funding
Cons: No crypto staking|Wait times can be long during peak hours
Profit Rex (profitrex.io) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Risk management tools|Regular platform improvements|Stable platform|Quick verification
Cons: Email notifications too frequent
The so-called education at Profit Rex (profitrex.io) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since the beginning of the year thinking they would help me learn.
Pros: Easy withdrawals|Quick verification
Cons: Spreads widen during volatile periods|Charting tools need more indicators
My withdrawal request from Profit Rex (profitrex.io) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Regular platform improvements|Regular updates
Cons: Slow to add new assets|None so far
If you are reading this considering Profit Rex (profitrex.io) - run. I wish I had read more negative reviews through a forum discussion. I thought the positive ones were real. Maybe some are. My experience over for about ten months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Copy trading available|Multi-device support
Cons: Alert system is basic|Mobile app could be improved
I had high hopes for Profit Rex (profitrex.io) after doing extensive research, 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: Comprehensive tools|Quick verification|Fast deposits
Cons: Spreads widen during volatile periods|None so far