TRADERS PROFIT 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.
I signed up with TRADERS PROFIT after attending a webinar they hosted and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Great customer service|Easy to use platform|Educational resources
Cons: Withdrawal takes 1-2 business days
I am in a dispute with TRADERS PROFIT over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Good mobile app|Reliable uptime
Cons: Limited demo account features|None so far
TRADERS PROFIT seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Easy to use platform|Customizable dashboard|Tax reports included
Cons: Slow to add new assets|Live chat only during business hours
After spending since I retired last year trying to make TRADERS PROFIT 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: Professional team|Market news feed|Clear documentation|Customizable dashboard
Cons: Desktop app not available on Linux|Limited cryptocurrency options
The hidden fees at TRADERS PROFIT are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Automated trading options|Multi-device support|Clear documentation|Easy withdrawals
Cons: Live chat only during business hours|Withdrawal takes 1-2 business days
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that TRADERS PROFIT has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
The platform at TRADERS PROFIT is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for nearly two years of dealing with this, I have had enough.
Pros: Fast execution|Social trading features|Low minimum deposit|Automated trading options
Cons: Minimum deposit could be lower|Minor UI glitches occasionally
The onboarding at TRADERS PROFIT 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: Wide product range|Multi-device support|Dividend tracking
Cons: Wait times can be long during peak hours
After doing some research AFTER the fact (I know, I should have done this first), I discovered that TRADERS PROFIT 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.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
If you are reading this considering TRADERS PROFIT - run. I wish I had read more negative reviews after a family member had a good experience. I thought the positive ones were real. Maybe some are. My experience over for about three months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Copy trading available|Regular platform improvements|Tax reports included
Cons: No live chat on mobile|Onboarding videos are outdated