RiseProfitFx has been flagged by British Columbia Securities 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.
RiseProfitFx has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Tax reports included|Easy to use platform|Dedicated account manager
Cons: Would like more payment methods|Nothing significant
KYC with RiseProfitFx is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Clean UI|Low minimum deposit
Cons: Help articles are sometimes vague
What really bothers me about RiseProfitFx is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a financial advisor and I fell for the polished exterior. Never again.
Pros: Fast deposits|Fast support response|Smooth onboarding|Risk management tools
Cons: No fractional shares
Several red flags with RiseProfitFx: (1) They promise unrealistically high returns, (2) They're not registered with British Columbia Securities 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 British Columbia Securities Commission|Cannot verify credentials
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. RiseProfitFx said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Real-time alerts|Fast deposits|Copy trading available
Cons: Limited social trading features
I lost a significant amount because RiseProfitFx 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: High security standards|API access|Personal attention|Regular platform improvements
Cons: Account statements could be more detailed|Search feature is basic
My withdrawal from RiseProfitFx was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since early this year of being strung along.
Pros: API access|Fast support response
Cons: Website design could be more modern|Limited demo account features
RiseProfitFx 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: Fast execution|Economic calendar|Clean UI|Wide product range
Cons: Currency conversion fee exists
The onboarding at RiseProfitFx was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Economic calendar|Low minimum deposit|Comprehensive tools
Cons: No live chat on mobile
After doing some research AFTER the fact (I know, I should have done this first), I discovered that RiseProfitFx is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive