PROFIT TEAM PTY has been flagged by Superintendencia del Mercado de Valores for "Other". Entidad no registrada/sin licencia que ofrece productos o servicios finacnieros This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: https://profitteamptybusiness.com/.
I lost a significant amount because PROFIT TEAM PTY did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Good mobile app|Segregated accounts
Cons: Website design could be more modern|Limited ETF selection
I invested $10,000 with PROFIT TEAM PTY after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Superintendencia del Mercado de Valores.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Several red flags with PROFIT TEAM PTY: (1) They promise unrealistically high returns, (2) They're not registered with Superintendencia del Mercado de Valores, (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: Unauthorized firm|Found in IOSCO warnings database
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 TEAM PTY said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Dividend tracking|Demo account available|Instant funding
Cons: Charting tools need more indicators
Do not use PROFIT TEAM PTY for anything serious. I used them for 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: Helpful community forum|Low minimum deposit
Cons: Search feature is basic