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NorthProfit Broker Review – Is A Scam Without A License

Broker NorthProfit Review

NorthProfit is considered a relatively new broker on the market with very little information on its behalf. That was the reason for us to collect everything and present it to you in one place.

So read our honest NorthProfit review, and let’s see whether this trading firm is worth your money or not.

But before you continue reading this article, we encourage you to read our recently updated AlpsMarkets, AG Markets and Moneta Markets scam broker reviews. Without a doubt, it will save your money, nerves and time!

Broker Status:Unregulated Scam Broker
Regulated by:Unlicensed Company / No Regulation
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:N/A
Broker Owner:Dulcet Group LLC
Headquarters Country:Saint Vincent and the Grenadines
Foundation Year:2021
Online Trading Platforms:MetaTrader 4 (MT4) / WebTrader
Mobile Trading:Available
Minimum Deposit:$250
Deposit Bonus:Up to 30%
Crypto Asset Trading:Not Available
CFD Trading Option:No, you can’t trade CFDs
Available Trading Instruments:Forex (FX) / Commodities / Indices / Shares
Maximum Leverage:1:200
Islamic Account:Not Available
Free Demo Account:Yes
Accepts US Clients:US traders are not accepted
Global Fraud Protection Experts’ Verdict:Don’t Invest in This Scam Broker!

NorthProfit Regulation – No Regulatory Oversight

NorthProfit broker is a brand of Dulcet Group LLC from Saint Vincent and the Grenadines. Since many new companies are choosing this particular country for their headquarters, let’s just make it clear. There is an FSA – authority body in charge of registering financial companies but not regulating them.

This same body directs brokers to opt for the regulation in the country of service. And that was our reason to check about NorthProfit regulation with the FCA, ASIC, BaFin, and other Tier 1 regulators.

In addition to the above, If you have already deposited your money with a EUSchild, FMarketX or NovaTechFX scam brokers, we can assist you.

What’s Wrong With NorthProfit License?

The broker is unregulated, meaning that you are not entitled to a compensation fund and that any money you invest is at risk. Beware of NorthProfit trading scams and look for licensed companies since there you have withdrawal guarantees.

NorthProfit Trading Platform Review – Trading Software

When it comes to the NorthProfit trading platform, we have nothing bad to say. The company provides proprietary Web trader, but also MT4 that is considered one of the most reputable platforms on the market.

NorthProfit Mobile Trading

NorthProfit MT4 – MetaTrader 4 Platform

While we would never recommend using Web Trader, MT4 is an entirely different story. Marked as one of the most secure trading software, this app has a vast number of trading charts and indicators. And the best thing – it can be used on both desktop and mobile devices.

NorthTrader Platform

For those who prefer WebTrader over an application, NorthProfit forex brokerage ensures to provide proprietary software. It looks like a TradingView chart with indicators and a few chart types. All assets are available for trading with pre-determined leverage of 1:200.

What Products Does NorthProfit Offer? – Trading Assets

Speaking of trading instruments, we were quite surprised to learn that NorthProfit doesn’t offer cryptocurrencies. Instead, the broker provides trading with:

  • Currency Pairs
  • Commodities
  • Indices
  • Shares

Yet, commodities are limited to metals only, which further narrows the offer. It’s all quite disappointing, and combined with the fact broker is not actually regulated, it makes us wonder why anyone would make any investments with such.

NorthProfit Trading Accounts – Demo & Real Accounts

There are 4 NorthProfit account types:

  • Standard – $250
  • Golden – $2,000
  • Platinum – $7,000
  • VIP – $15,000

The main difference is in perks such as dedicated account management and learning materials. The leverage is the same for all accounts, while NorthProfit’s minimum deposit is $250, coming without a trading adviser or an account manager.

Practically, unless you invest more, you are on your own.

Yet the worst scam is the NorthProfit bonus given to these account types. Starting from a Standard account, clients are entitled to a 10-30% bonus for each account type, binding them not to withdraw any money until they reach an impossible rollover.

Demo Account Services

For all those willing to explore but not invest, there is a NorthProfit Demo account. Clients can experience the market without an initial deposit and judge for themselves whether they are satisfied with the offer or not.

Scammed By NorthProfit Broker? – Talk To Our Recovery Experts

Finally, if you fall victim to a NorthProfit scam, let us know immediately. Global Fraud Protection has received numerous complaints against this fraudulent trading firm. We helped many victims of online scams to get a refund. Let us know what happened, and our specialists will come up with a custom-made solution for you.

Contact us via online chat to book a free consultation, and let’s get that money back.

Don’t Let the Scammers Go Away for Free!

FAQ Section:

What Is NorthProfit, And Should I Invest Money In It?

Basically, it is an online trading Forex and CFD provider without a license.

What Is NorthProfit Minimum Deposit?

The minimum deposit to start an account with NorthProfit is $250.

Can I Trade Cryptocurrencies And CFDs With NorthProfit Broker?

Yes, NorthProfit allows trading CFDs, while cryptocurrencies are not available.