Profits-monitoring 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: profits-monitoring.cloud.
Profits-monitoring changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Comprehensive tools|Real-time alerts|No hidden fees
Cons: Wait times can be long during peak hours|Help articles are sometimes vague
I opened an account with Profits-monitoring since I retired last year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Helpful community forum|Dedicated account manager|Dividend tracking
Cons: Limited demo account features
Customer support at Profits-monitoring seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Automated trading options|Multi-currency support
Cons: Alert system is basic
Profits-monitoring advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Wide product range|Copy trading available|Stable platform
Cons: Account statements could be more detailed
Tried to withdraw my funds from Profits-monitoring and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials