ALERT | Levelprofit.vip Review: Is it Legit or a Scam

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1.7
Rated 1.7 out of 5
Scam Company
1.7 out of 5 stars (based on 3 reviews)
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LEVELPROFIT.VIP INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
Levelprofit
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
Limassol, 39C Zinonos, Cyprus
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
+393284774872 (Italy)
CONTACT EMAIL:
support@levelprofit.com (Invalid)
WEBSITE URL:
https://levelprofit.vip/
WEBSITE IP:
198.54.119.112
IP COUNTRY:
US
DOMAIN CREATION DATE:
2022-05-25
HOSTING:
Namecheap Inc.
  • Comments

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 Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

What is the company about?

Since its founding in 2010, levelprofit.vip has quickly risen to prominence as one of the world’s top forex brokers, according to its website. Their goal is to establish a trading technology environment where the most discerning traders can accept the chances and difficulties presented by international markets.

What are they offering/promising to their clients?

Levelprofit.vip claims to stand by your side throughout every trade, combining the fastest possible execution with real-time spreads, affordable commissions, and an unshakable dedication to assisting you in reaching your trading objectives.

It offers four account types, ranging from silver to diamond category, each with unique perks to assure the best option for any trader.

In addition, they guarantee value for money, lightning-fast execution, total account control, and other chances to get spread refunds for high-frequency trading.

Levelprofit offer

Is levelprofit.vip legit or a scam?

Is Levelprofit.vip a Scam? Levelprofit.vip is a Scam Broker that lies about being regulated and that is trying to clone a licensed company.

Is levelprofit.vip licensed?

Although the broker falsely claims to be licensed by a renowned financial regulatory agency, the broker has previously been placed on the blacklist of a respected EU financial regulatory body. These are the main issues with these scams, which ought to be more than enough to make you think twice about trading with any of them. 

There are, however, other significant issues. All of these things are present, including a tendency for hand-picking clients, a lack of any kind of legal documentation, and what appear to be appalling trade circumstances. Avoid companies like Levelprofit.com and use a trustworthy broker instead; else, you will be wasting your money.

Levelprofit license

Is the license number given correct?

On its website, Levelprofit.vip makes some extremely audacious claims regarding regulation.

First, the broker asserted that it is FCA-regulated, the UK’s financial regulator in charge of issuing licenses to foreign exchange brokers. Since the FCA is one of the world’s most vicious financial regulators, brokers operating within its authority are typically excellent choices and incredibly trustworthy. Levelprofit.vip is not one of those brokers; they were not listed in the FCA’s broad list of businesses, which indicates that the broker is lying about having a license.

Levelprofit.vip states that it is based in Cyprus and is overseen by CySEC, one of the world’s most renowned regulatory bodies. However, this broker is unquestionably not subject to CySEC regulation as they were not listed in the complete list of authorized businesses the financial regulator maintains. In the realm of trading, lying about regulation is a serious offense and a strong sign that a broker cannot be trusted.

Is Levelprofit.vip Legit? However, upon checking the license number the broker gave, we did discover that there is a business called BCM Begin Capital Markets CY Ltd with that license number that is legitimately CySEC-regulated. According to levelprofit.vip, this is the business that manages it. The licensed business, however, used a different phone number, email address, and domain, one of which is profitlevel.com, indicating that these scammers are blatantly attempting to copy a real business.

Levelprofit CySEC

Are there any similar or duplicate sites detected?

Levelprofit.vip had additional issues as well; the Italian financial regulator CONSOB recently ordered the blackout of a few related domains that it believes to be operated by the same scammers.

The scam broker’s new website, https://level-profit.com/, appears to be the same as https://levelprofit.vip/. The terms that the other broker offers are similar; there aren’t many variations between them in terms of names, logos, or misleading regulatory claims, however. Scam brokers frequently change their domains as soon as someone starts to have suspicions, but they don’t bother changing anything else.

Levelprofit Domain Age

Levelprofit.vip opinions on review sites, social media and contact information

The company levelprofit.vip is an excellent illustration of a clone business. There was no indication or demonstration of who the company’s owner was or who held a significant position there. There is an inconsistency with the country details. The server hosting the website is located in a nation with a high crime rate. According to my research, levelprofit.vip does not have a presence on any social media platforms. Moreover, this website has only recently been created.

Comparing levelprofit.vip to well-established companies

Levelprofit.vip was not very explicit about its trading terms, and because we were unable to access a client area, we were not able to learn very much about the platform on our own. That is pretty much all of the information that you would be able to receive, as the broker only specifies that it requires a minimum deposit of one thousand euros (€1000). This amount is ludicrously high; many reputable brokers can provide excellent trading conditions and open an account for as little as ten dollars, and in some cases even for less than that.

Binance, on the other hand, offers more than 65 tradable coins. As a result, cryptocurrency traders and investors have a wide range of choices. Due to the platform’s low fees, trades can keep a larger portion of their profits. Spot trading, margin trading, and peer-to-peer trading are a few of the trading alternatives provided by Binance.

DO YOU SUSPECT THAT SOMEONE HAD SCAMMED YOU?

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How to get your money back if you were scammed by levelprofit.vip?

We hope that our levelprofit.vip review helped you decide whether or not you want to do business with this particular dealer.

If you have lost money while using levelprofit.vip, you should not be concerned about this. First and foremost, you should get in touch with the law enforcement agency, your local government, and any other agencies that focus on the prevention of scams.  Stop using your cards immediately and call your bank to let them know what’s going on so they can help you limit the amount of money you lose.

If you made the deposit using cryptocurrencies, your options are limited; however, if you used a credit or debit card, you can request a chargeback. The good news is that support can be obtained when requested.

EZ Chargeback is available at any time of day or night and has successfully connected customers with organizations that have aided hapless investors in recouping thousands of dollars for them. You can help other people and alert other people about the scam if you share your experience with them.

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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!

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