Cryptocurrency Exchanges

Profitablelivetrade

1.5 (15 reviews)
🇬🇧 United Kingdom
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1.5
15 reviews
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About Profitablelivetrade

Profitablelivetrade has been flagged by Financial Conduct 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. Website domain: globalelitemarkets.live.

Customer Reviews

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Warning to all investors

O
Oliver J.
3 months ago

I want to warn everyone about Profitablelivetrade. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Cons: Lost entire investment|Reported to authorities|Unresponsive

Spread betting is rigged

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Nicole T.
4 months ago

Profitablelivetrade locked my account without warning and demanded documents I had already submitted. for a few weeks now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Regular updates|Automated trading options

Cons: Limited cryptocurrency options

Trading execution is suspicious

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Frank J.
4 months ago

The spread at Profitablelivetrade is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.

Pros: Responsive team|Fast execution

Cons: Limited demo account features

Beware of hidden costs

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Amy C.
5 months ago

Do not use Profitablelivetrade 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: Competitive fees|Easy withdrawals|Easy to use platform

Cons: Help articles are sometimes vague|Wish they had more educational resources

Pushed structured products

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Victoria J.
6 months ago

After for close to eighteen months with Profitablelivetrade I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.

Pros: Detailed reporting|Good mobile app

Cons: Help articles are sometimes vague|None so far

No phone number that works

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Paul K.
7 months ago

I trusted Profitablelivetrade with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Fast support response|Easy to use platform|Professional team

Cons: Cannot customize dashboard fully|Limited social trading features

A company that does not deserve your trust

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Rachel G.
7 months ago

If you are reading this considering Profitablelivetrade - 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 the past year and a half has been so bad I feel obligated to warn others. Do not make my mistake.

Pros: Intuitive for beginners|Regular updates|Segregated accounts|Fast deposits

Cons: Minor UI glitches occasionally

Analysts are anonymous

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Frank O.
8 months ago

Profitablelivetrade 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: Intuitive for beginners|Multi-device support|Multiple order types

Cons: Limited demo account features|None so far

Disappointing experience overall

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Andrew S.
9 months ago

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

Pros: Fast execution|Responsive team|Transparent fees|Dedicated account manager

Cons: Slow to add new assets

Education is just sales pitch

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Graham B.
9 months ago

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. Profitablelivetrade said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Intuitive for beginners|Helpful community forum|Multi-currency support

Cons: Search feature is basic