ALERT | Ethprofits.com Review: Is it Legit or a Scam

ethprofits.com logo
1.0
Rated 1 out of 5
Scam Company
1 out of 5 stars (based on 5 reviews)

ETH PROFITS INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
ETH Profits
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
122 Leadenhall St, London EC3V 4AB, UK
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
+442038798983 (UK) +442038078170 (UK
CONTACT EMAIL:
support@ethprofits.com (valid)
WEBSITE URL:
https://www.ethprofits.com/
WEBSITE IP:
192.119.110.149
IP COUNTRY:
US
DOMAIN CREATION DATE:
2021-08-17
HOSTING:
HostWinds

Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

ETH Profits Company Overview

Since ETH Profits has been operating for a while, they claim that they have assisted traders from all over the world. Their trading services are committed to streamlining the procedure and providing traders with the chance to realize their financial goals. 

Trading is dangerous, but you can make it profitable for you if you have the necessary resources and tools. They give you access to the resources you need to trade profitably and reliably. The goal is to provide you with sufficient resources to enable you to tap into your greatest trading potential.

Just because an organisation has a website, social media handles, and an online presence does not mean that it is a reliable and authentic agency. The acts that ETH Profits is committing are quite alarming, so let’s take a closer look at this company in this detailed review on ETH Profits.

ethprofits.com about us

What is ETH Profits Promising its Clients?

All of the bonuses and promotions that Ethprofits.com offers are non-withdrawable and serve only to improve your trading potential. 

Since bonuses are strictly prohibited in the UK, where this broker is allegedly situated, this raises a red flag. Furthermore, the broker did not offer us any Bonus Terms, which makes us suspect that the incentives would come with some questionable extra terms. Scammers frequently employ this strategy, offering excellent promotions while neglecting to discuss various aspects of those offers. 

Before you can request a withdrawal, you typically need to make a significant amount of turnover, which includes both your deposits and all gains. Because of this, you should exercise extreme caution whenever a rogue broker like this one uses the word “bonus.

ethprofits.com offers

Is ETH Profits Liscensed?

Despite claiming to be situated in the UK, one of the toughest legal nations, Ethprofits.com shows no evidence of having a license. We quickly learned why, as the broker could not be located on the FCA’s register and is not in any way subject to regulation by the UK financial regulator.

This indicates that the broker could not, at least not legally, provide financial services to the nation. Additionally, the Terms and Conditions, which were only a page or two long and omitted a lot of crucial information about trading conditions, were the only legal paperwork Ethprofits.com presented us with. A trustworthy broker would never consent to this.

The various protections you would be eligible for as a client of an authorized UK broker would be unavailable to you if you decide to engage with an unlicensed broker. Since they are subject to a strict regulator that demands that they uphold all rules and conduct business fairly and openly, UK brokers are typically a wise choice. UK brokers must keep a minimum of €730 000 in operational capital to demonstrate their financial stability.

Additionally, they are required to take part in compensation programmes, meaning that if a broker goes bankrupt, each of their clients may be eligible for up to £85 000 in compensation. You may be guaranteed that no client investments or broker funds will ever mix, with or without the broker’s knowledge, because client money is kept separate from the broker’s assets. All retail clients have access to negative balance protection, which ensures that they will never lose more money than they have in their accounts.

As you can see, selecting a licensed broker has several benefits. Most importantly, you can be sure that the broker is functioning legally and under supervision at all times.

Ethprofits.com Opinions on Review Sites, Social Media Pages, and More

Reviews on Trustpilot about this company are really bad. Ethprofits.com does not have any social media accounts and they also have not disclosed any information about the people responsible for running their official website.

Comparing ETH Profits to Well Established Companies

We cannot be certain that everything Ethprofits.com claims about its trading circumstances is accurate without access to a platform. 

Furthermore, the broker hasn’t said all that much. There are many account types, and you should be able to trade Forex, CFDs, and cryptocurrencies. The various features that you would have access to on each of these account categories, however, weren’t discussed in great detail.

Although no precise figures were provided, Ethprofits.com asserts that it does not impose additional commissions and that these were instead included in the spread. The only figure we were given was the minimum deposit requirement for the most fundamental account type, which could be as much as $10,000. Given how many excellent brokers would gladly open an account for less than $10, even for as little as $5, this is an unbelievable amount of money.

However, if we look more closely at a respected company like Binance, we can see that none of these warning signs are there.

Do you suspect that someone had scammed you?

If you have any suspicion of a scam or phishing attack, then you can rely on EZChargeback to help you with protection, mitigation, and fund recovery

You will feel safe knowing that experts with years of experience will be guiding you!

How To Get Your Money Back if You Were Associated with ETH Profits

Have you ever found yourself in a problem like this? Do not be afraid, and do not give up! Here are a few actions you can take to reclaim your money from a scammer with the assistance of Ez Chargeback.

First and foremost, you need to notify the authorities; dial 911. Next, contact your local regulators and other law enforcement organizations that deal with fraud and crime. Deactivate your cards as soon as you can, and call your bank to inform them of what happened. They can provide you with important information and help you avoid further financial hardship.

Contact our hands-on-deck representatives so that we can direct you to a reputable and dependable asset recovery company after you have secured the remaining money and informed the authorities. We offer a thorough list of asset recovery companies that have received five stars for efficiency, reliability, and trust. Fill out the reporting form on our contact us page, and the EzChargeback experts will get in touch with you within a few hours. There is still a chance!

EZChargeback only partners with the most trustworthy and capable scam recovery organizations.

Once you consult with us, we will be able to help you solve your problem and refer you to the top asset recovery firms that will get your money back!

Facebook
Twitter
LinkedIn
Pinterest

Reviews

Worked with This Company? Leave Your Review!
Scan the code