PROFITS STOCK FX 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: profitsstockfx.com.
I had a dispute with PROFITS STOCK FX and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Easy to use platform|Automated trading options|Competitive fees
Cons: Could offer more webinars
I lost a significant amount because PROFITS STOCK FX 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: Low minimum deposit|Easy to use platform|Quick verification|Helpful community forum
Cons: Mobile app could be improved|Email notifications too frequent