To make it clear, this is ProfitAssist review. Since the broker’s website (profitassist.io) does not work anymore, there are many questions to ask. Where is it based? Is broker regulated? And what to do if you get scammed by a ProfitAssist broker?
Read our unbiased and professional ProfitAssist review, and let’s see.
|Broker status:||Offshore Unregulated Broker|
|Regulated by:||No Regulation|
|Blacklisted as a Scam by:||FCA (UK), CNMV (Spain), CONSOB (Italy), FSMA (Belgium)|
|Owned by:||Seabreeze Partners Ltd|
|Headquarters Country:||Commonwealth of Dominica|
|Supported Platforms:||MT4, WebTrader|
|Types of Assets:||Forex (FX), CFD, Commodities, Indices, Stocks|
|Free Demo Account:||No|
|Accepts US clients:||No|
ProfitAssist Regulation and Security
ProfitAssist is a brand of Seabreeze Partners Ltd. The company is blacklisted by several regulatory bodies and owns few other scam brands, including InvestFlow, WinMarket, and Bid Broker Stocks. In case you were scammed by any of these brands, make sure to report it.
The company is based in the Commonwealth of Dominica. If you wondered if ProfitAssist is regulated, by now you can already guess that the answer is no.
What’s Wrong With ProfitAssist Regulation?
Since the broker claims to be based in the Commonwealth of Dominica, we’ve checked Dominican’s register looking for ProfitAssist of Seabreeze Partners Ltd. We couldn’t find the broker anywhere.
Warnings From Financial Regulators
As mentioned, Seabreeze Partners Ltd is blacklisted by several regulatory bodies. The company stated it has FCA regulation but turned out to be a clone of FCA regulated company.
Therefore, the FCA issued a warning against the broker. Besides the FCA, there are warnings from Italian CONSOB, Spanish CNMV, and Belgium FSMA. This all tells us that ProfitAssist regulation doesn’t exist, and the broker is conducting cyber fraud.
What Are Trading Platforms Available?
Since the broker’s website is not operative anymore, as we already mentioned, we could get ProfitAssist trading platform impressions only from users. The broker offers the MT4 platform, and that is probably the only good thing about this company.
Besides MT4, there is a WebTrader as well. When it comes to leverage, the offer is extremely high – 1:200. However, it’s a standard for unregulated offshore brokers who are looking to steal your money and don’t care about the risk.
What Can You Trade With This Broker?
The broker offers standard assets – currency pairs, commodities, indices, and shares. The offer is solid for an offshore broker with no regulation.
However, when we came to the ProfitAssist minimum deposit, we were shocked. This company is asking you to deposit at least $1,000 to start trading.
Why would anyone give such a high amount of money to an unregulated offshore, shady brokerage?
Scammed by ProfitAssist broker? What to Do?
After everything being said in ProfitAssist reviews, you can understand that the broker is running a scheme. You are not the only victim of the ProfitAssist scam, unfortunately.
If you have any complaints or withdrawal issues with ProfitAssist or any other scam company, we would like you to share them with us. Our team has enough expertise so far to help you get your money back.
Contact us via chat immediately and book your free consultations!
Do not let this scam broker get away free!
What is ProfitAssist?
It’s an online trading brokerage based in the Commonwealth of Dominica. The broker has no regulation for its operations.
Is ProfitAssist regulated?
No, the company has no regulations by any regulatory body in the world.
Is my money safe with the ProfitAssist broker?
Based on the fact broker is offshore and unregulated, we can say your money is not safe with ProfitAssist.