In this review we show you why you should not trade financial markets with the WorldTrade Profit broker.
What is WorldTrade Profit about
The company claims to be located in New Jersey, USA, and to be regulated by the Commodity Futures Trading Commission (CFTC). Is this a broker that you can trust?
World Trade Profit scam
Let’s kick off this WorldTrade Profit review by debunking the most outrageous claim of this broker. We often say that people should trade only with regulated brokers and World Trade Profit says it is regulated by the CFTC. So, where is the problem?
World Trade Profit is not regulated at all! The statement about a license from the CFTC is completely false. You can check any US broker with FINRA, we did it with World Trade Profit and we got a confirmation that it is not licensed to provide investment services.
If a broker is openly lying about its regulatory status, it for sure is a scam. People will think their deposits are safe, because they are trading with a regulated broker, but in this case they are not.
World Trade Profit testimonial
This scam broker was brought to our attention by one of you readers who sent us his World Trade Profiit testimonial. The broker kept making up reasons for him to deposit more and more money, but never let him withdraw anything.
There you have it, this is how unregulated brokers often operate, it is pure robbery, they just take deposit from people and never give anything back.
And forget about WorldTrade Profit reviews and testimonials shown on the website of the broker, they are fake, fraudsters have made them up, they have nothing to do with real clients of this company.
So, don’t get fooled by this broker, no matter what they promise you, it is a scam made purely to steal your money.
WorldTrade Profit review conclusion
World Trade Profit is a scam broker, it is not regulated, and it can only lose your money. Stay away from it.
For financial trading use only brokers that are really regulated and always start on a demo account so that you don’t risk your money straight away.
Only when you have learned trading and when you understand the risks, you can start investing real money.