Reported as a scam / unregulated
Why Profit Markets is on the register
Profit Markets purports to have a history dating back to 2007. However, the registration of its website in January 2023 contradicts this claim. This discrepancy between the website’s age and the company’s alleged history raises a red flag, casting doubt on the broker’s credibility. Furthermore, the website fails to provide any regulatory information to substantiate its compliance with regulatory standards. Despite its claim of being based in the UK, there is no evidence to suggest that it has received authorization from the Financial Conduct Authority (FCA). This lack of transparency further undermines its credibility. In essence, Profit Markets is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. Profit Markets appears to be 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.