Reported as a scam / unregulated
Why Profiforex is on the register
Profiforex claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. In addition, this broker also claims to be located in Belize. So we searched Belize Financial Services Commission (Belize FSC) but found no results that matched Profiforex or TIM GROUP INC. (claimed company name). In other words, Profiforex is not regulated in Belize. The truth is that Profiforex is not regulated by any regulators. Letting this broker hold or control investors’ money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.