Pure Profit (pure-profit.com) has been flagged by Australian Securities and Investments Commission 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.
Tried to withdraw my funds from Pure Profit (pure-profit.com) 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: Cannot withdraw funds|Not regulated|Pressure tactics
The reporting at Pure Profit (pure-profit.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Quick verification|Fast deposits|Personal attention
Cons: Website design could be more modern|Slow to add new assets
Do not be fooled by the professional-looking website. Behind the scenes, Pure Profit (pure-profit.com) is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Good analytical tools|Tax reports included
Cons: Account statements could be more detailed|Wait times can be long during peak hours
I requested my data from Pure Profit (pure-profit.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Automated trading options|High security standards|Social trading features|Professional team
Cons: Could offer more webinars
After spending for nearly two years trying to make Pure Profit (pure-profit.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Reliable uptime|Dividend tracking
Cons: Desktop app not available on Linux|Minor UI glitches occasionally
Several red flags with Pure Profit (pure-profit.com): (1) They promise unrealistically high returns, (2) They're not registered with Australian Securities and Investments Commission, (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: Flagged by Australian Securities and Investments Commission|Cannot verify credentials