ProfitLevel Warning Review | Is ProfitLevel a Scam? An In-Depth Look at False Compliance, No Regulation, and a Financial Trap

1. Platform Background and Marketing Promotion

ProfitLevel (official website: profitlevel.com ) calls itself a "leading international foreign exchange and CFD broker" and claims that its business covers the European and Asian markets.

Its propaganda focuses on:

• “Regulated by Cyprus CySEC”

• "Investor Fund Isolation and Compensation Fund Protection"

• “Thousands of tradable assets”

• "Professional customer service and educational services"

However, cross-verification revealed that the platform contained a large amount of false and misleading information, and its so-called "compliance" basis did not exist.

2. Company Registration and Official Website Investigation

1. Company Background

• The operating entity listed on the official website is called LegacyFX/ProfitLevel Europe and claims to be registered in Cyprus.

• However, in the CySEC (Cyprus Securities and Exchange Commission) database, information related to ProfitLevel shows that it has been deregistered or does not match the actual company.

2. Domain Name and Technical Background

• The domain name profitlevel.com was registered for a relatively short period of time and has changed hands several times.

• The server is hosted on an anonymous node overseas, showing characteristics of evading investigation.

3. Abnormal contact information

• The customer service phone number provided by the official website is often unanswered.

• Many users reported that after a withdrawal dispute occurred, customer service directly lost contact.

III. Regulatory Status and False Compliance

1. Regulatory issues

• ProfitLevel has used the CySEC license number in some countries, but after verification, the license is no longer valid.

• The platform is not registered with any other major regulatory bodies (FCA, ASIC, NFA).

2. Illegal Operations

• It offers leverage of up to 1:400–1:500 , far exceeding the upper limit allowed by the EU.

• Lack of fund isolation and compensation fund protection.

3. False advertising of compliance

• The official website still claims that it is "regulated", which is seriously misleading.

IV. User Complaints and Risk Cases

1. Withdrawal Rejection

• Investors’ withdrawal requests are frequently rejected, with reasons including “the account does not meet trading volume requirements” or “additional fees are required.”

• Some users are unable to successfully withdraw funds even after paying the fees.

2. Backstage transaction manipulation

• Investors reported delayed order execution and severe slippage.

• Some accounts were forced to close their positions, causing their funds to instantly drop to zero.

3. Difficulties in filing complaints and protecting rights

• After filing a complaint in Cyprus, investors discovered that their licenses were invalid and that they had difficulty obtaining regulatory protection.

• Most rights protection cases can only be exposed through third-party media.

V. Third-party media and regulatory warnings

• WikiFX : ProfitLevel's risk score is extremely low, showing as "unregulated and high risk."

• FX110 : Contains many cases of withdrawal rejection.

• TraderKnows : Reports indicate that it is a "copycat operation" that misleads investors.

• European regulators : Some countries have included ProfitLevel on the warning list.

VI. Analysis of Funding Risks and Models

ProfitLevel's operating model is highly consistent with typical fraudulent platforms:

1. Inducing deposits : Promises of "guaranteed profits" through telephone sales and advertising.

2. Manipulating transactions : creating slippage and margin calls in the background.

3. Withdrawal rejection : setting up various withdrawal barriers.

4. Fund transfer : Transferring investor funds through offshore accounts.

The safety of investors' funds is almost unguaranteed.

VII. Industry Comparison and Risk Positioning

8. BrokerHiveX Risk Dimension Scoring

• Compliance: 1/10 → False regulation, invalid license.

• Transparency: 2/10 → The company and domain name have suspicious backgrounds.

• User Experience: 2/10 → Extremely high number of complaints.

• Fund security: 1/10 → Difficulty withdrawing funds, funds frozen.

• Public opinion: 2/10 → Has been exposed by many parties.

👉Overall Rating: 1.6/10 (Very High Risk)

IX. Legal and Rights Protection Suggestions

1. Evidence collection : retain transaction records, transfer receipts, and chat screenshots.

2. Cross-border rights protection : initiating class action lawsuits through law firms.

3. Report to regulators : Push regulators to issue official alerts.

4. Public exposure : Post rights protection information on platforms such as WikiFX and FX110.

10. Summary Conclusion and Investment Warning

ProfitLevel (profitlevel.com) is a high-risk, unregulated platform with false compliance :

• The license has been revoked, but it is still advertised as "regulated";

• Difficulty in withdrawing funds and serious problems of frozen funds;

• There is almost no way to file a complaint and protect your rights.

📌Investment Warning :
Investors should stay away from ProfitLevel to avoid financial losses. If you have already invested money, you should immediately preserve evidence and seek legal assistance.